Iva/dmp/bankruptancy?!

stephga23

Hi,

i have posted on here before and got some really good advice and now i need help again!

I have recently moved and as i needed new things for my house i borrowed on top of my debts.

i now owe;

£12,000 lloyds monthly payment £235
£500 captial one monthly payment £30
£700 argos monthly payment £30
£1000 littlewoods monthly payment £40
£900 additions monthly payment £40
£40 next monthly payment £5
£130 studio monthly payment £20

i pay out

£70 sky (phone and tv and i cannot reduce as just taken contract)
£80 gas and elec (i am energy efficent and work for an energy company this is the cheapest i can get)
£140 council tax
£12 tv licence
£37 water rates
£34 insurance
£36 internet
£50 t mobile ( i cannot reduce as just taken contract)
£90 bus pass
£100 shopping (2 adults, 2 cats and 1 rabbit)

my monthly income is £1005 per month.

My partner has his own debts and car insurance diesel etc and he also pays the rent.

i would like to go to university but cannot afford to reduce hours at work to enable me and also i am accepting all responsibilty that i need to pay the debts i just need help. But after reading all of the options i am still confused. I am only 20 nearly 21 and i cant believe the mess i am in! i am not behind in any payments at all just really struggling to meet them

Does any one have any advice?

Thank you in advance.

dalip

Have you spoken to cccs,national debtline or your local cab? I think this is your first port of call. From what you have put down lloyds seems to be your only "large" debt. It may be a case of tightening your belt for a year or two and getting the lower ones paid off. At 21 you have plenty of time to study. Bc is not always the answer,it should be seen as what it is, a last resort. There are many drawbacks to bc that can and will affect your life for years to come. Make that call(they are busy so you will have to keep trying)and see what they suggest.Dx

PS Try posting on the DFW and see if they can suggest anything.