I need help and advice from Martin and everyone

manicboy

Hi everyone,
I do not even know where to start Im in such a mess and right now . OK first i should explain I have manic depression, which in this climate is not a good thing I got into trouble due to my manic depression for those who have never had this illness i hope you never get it. I would buy family and friends stuff just in this wave of depression this high you would get before huge lows, and before long I had a £6.500 pound credit card bill. Which Im trying to pay of slowly I came to an agreement with the card company to pay £100 a month as im not working and B******* said ok. but on my bill I notice that they only take £50 and the other £50 is for insurance which i always paid.
I only ever wanted a limit that I could pay back but they kept putting the amount up even without me asking to someone with manic depression this is not the best thing.
But its my bank account Im worried about with bills and more bills each month Im overdrawn on my account I have a overdraft in place of £500 but now im overdrawn on that each month and with little money coming in its gets worse as they charge me an emergency fee of £26 per day..
I was contacted by a firm that asked if i had taken any loans out and i said yes
both of which i paid off on time. They said did the bank sell you insurance for the loan I said yes well you can have that back so they sent me teh paper work and wanted 65% of what the bank would pay me so I never did anything about it as the bank is the same as my credit card B*******.
I have no money and im living at home with my mum who is very old, I have no idea what to do as i dont want to go bankrupt as someone told me that if they repossed anything of mine they could also take my mums stuff.
as i live here.
I had another bill this morning from B******** with them say i was now £624 over Im at my wits end lately even contemplated ending it all just well depression can do that to person.
I doubt anyone will read this or care as im just another faceless person with a story all i would like to do is find some help before its too late maybe it already is
manic boy

Thisisforthekids

I usually only post on the PAD thread but feel very upset that someone has such a Low opionion of themselves.

You need help and support and believe me if you stick to this site you will get it, the first thing you need to do is do a SOA then all the very kind people on here can help you save and budget and give yourself a more positive outlook.

In the meantime try and surround youirself with friends and family that love you, please chin up, think about anything thats good in your life and concentrate on that.

What has your doctor advised?

GeorgeUK

Hi manicboy

Can you tell me what this insurance is you are paying for?
If it is payment protection insurance and you are not working, this should have kicked in to cover the bills. It may be that it is only if you are unemplyed, but you should check to see if you can claim in this insurance.

If not, check to see if it was missold to you.

I would also look at reclaiming the charges they have made. There is another board on the forum that should have all the details for the process.

There are alos free debt charities that can offer advice and help set up repayments with the banks. CCCS and payplan are the main ones.

Teenie_D

Hi I dont want to read and run not sure how much I can help you but just want to offer my support. Take a deep breath and like thisisforthekids said, post an SOA. I cannot praise this site enough-it has been an absolute godsend to me and really helped me to get things into perspective and sort out finances. You will get loads of help and support from everyone.
Please manicboy dont do anything rash-you will get help.

Take care Teenie x

true27

Hi Manicboy

I just wanted you to know you're not alone in this situation, I know how you feel and also how you got into this situation as I've done it myself.

The peeps on this site are amazing, post up an SOA and they WILL help you. Also read the sections on the main site about reclaiming charges and insurance yourself - this includes template letters, it takes perserverance but its worth it.

Please don't feel alone in this, this site has done wonders for me and the advice is invaluable, not to mention the company.

On a personal note, I hope you've seen your GP recently - again, they really can help.

Take care....

elfen

manicboy,

You're not alone in this. I've had this happen due to my borderline ,and I'm still trying to pay it back now. You don't need to have a low opinion of yourself, in part what has caused this is your illness, so you need ot take that into account. Also, does your doctor konw and if they do, do you see someone regularly like a CPN or a psychiatrist for support?

If you're still paying insurance, does this cover not being at work due to illness, as if it does, this should be paying that off right now, not you. If it doesn't is it worth finding out what it does cover, and if you don't need it, cancelling it and upping the payment to £100 fully off the card.

Secondly, go into a different bank with ID and address stuff and open a basic account (make sure you can do DD's off it) and transfer all your incomings and direct debits to this one, so you can keep an eye on your money. It also means you don't have a card to impulse buy online or in shops.

Post a SOA showing what comes in, and what goes out, and we can try and help you reduce it where it needs reducing. As GeorgeUK said, there is a board with template letters for reclaiming PPI from your credit card and any old loans you have, which may help.

manicboy

Thank you all firstly for all your kind words, this illness is slowly robbing me of everything most days i do not even want to get out of bed and just curled up into ball and want to die, Yet i know that is the effect of the illness. Im on prozac well fluxotine to give it its name. But I still get patches of immence manic depression.

As i said today i got a nasty shock from B******** as they said that i was now overdrawn on my limit to £624 pound how much of that is charges i do not know. Thats lal i seem to be doing is getting charged its like a spiral that you can never get out over and sucks me deeper in my dark depression.
thats and the £6,215 I know owe on my B******** card. I rung a debt thing today for help spurred on by your kindness they said if had one or more credit cards they could wipe most of the debt out though i would have to have £10, 000
I was shocked even though i begged in tears for help they said they could do nothing.
I get around £420 a month to live on that has to be used for bills the money that comes off my card and giving money to my mum to stay here.
though past few months i have not been able to do that as im permantly overdrawn and in the red paying £26 a day or whatever it is to B ******* what do they call they bank charge oh yeah emergency fund.

I have cancalled my mobile phone this week transferred the house phone over to my mum, and yet i cannot see how im getting out of this, I dont go anywhere and the money is being sucked out of me from overpayment charges.

I dont drink or smoke or gamble and so went through it and its those bank charges as when they charge me im never in the black long enough so its like a cycle they make me overdrawn then im playing catch up i feel sick and want to scream i just dont know if i can take anymore to be honest.

Like i said a company wanted to help me get the payments i made for my loand but wanted most of the money in return. As to the question on the B****** card insurance i was paying £7.50 i think for years then as soon as the brown stuff hit the fan they said that i could pay back £100 a month but now like i said they take 50 and 50 for insurance so what did I pay for before.

I really do not know how much more i can take they are now saying that they will take another £144 pound of me on sept 4 and there is no money there so my overdraft £500 is going to be like £1000 and growing by the time they keep taking the money as im never in a postion to be in the black as they are just pulling the money from me. And i do not see and end to this misery my illness was partly to blame and me for allowing it to control me but now i can not see a way out well... Anyway i do not know what to do and feel lost and alone i have a mum with a heart condtion and she is in her eighties what am i going to do ....I can only right now believe that i can get out of this mess somehow.

Oeillade

Hi manicboy

I have a good friend who is bipolar. Do you know what your triggers are? You need to see your GP and talk to them to check your medication is right.

Go to the citizens advice bureau and get some help from them and, as GeorgeUK says, talk to payplan or cccs.

Take care of yourself
x

robsmum_2

Hi Manicboy,
So sorry that you are feeling so bad at the moment. As others have said do make an emergancy appointment to see your Doctor.
Also would suggest you contact CCCS - they are a charity and WILL help you sort this all out, I went to them recently and it was the best thing I ever did.
Please don't despair help is out there, just hang on until Tuesday and then you can start finding it.
You can find CCCS on line - there is a link on this site, sorry I can't find it can't do links. Good luck.

dorisday

Hi Manicboyou really do need some serious help here. Your best bet would to make an appointment with someone who deals with these things at the CBA. You could also try and get further help from your doctors, just explain the situation to them. I know they only deal with medical things but they were a huge help to a friend of mine when things got really bad financially for her. But it depends on your doctor. But because your problems are making you suicidal then perhaps they may know someone to help you sort this mess out. Also do open another basic bank account with the cooperative bank and have your benefits put in there so the other bank cant take this interest off you you then at least have some money to live on. The debts that are there will get sorted but you need help to do this. But I promise you, when you get this help you will feel a hundred times better and at least its one thing you wont have to worry about. Please take care. x

GeorgeUK

Manicboy, we need to go through all of this slowly, step by step.

There are FREE debt charities that CAN AND WILL be able to hepl you.
There are other companies out there that are just looking to make money and as you have discovered, couldn't really care less about you. I strongly advice you to get in touch with one of the following, although in the current climate they are quite busy.

(Taken from Fermi's signature)

Professional, free and impartial advice on debt problems can be obtained from several charitable and 'not for profit' organisations. They never make a penny from the advice they give, which means it will be given with only your best interests at heart. You can contact:

Your local CAB Office and ask to speak to a 'money advisor'
The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111
National Debtline - Tel: 0808 808 4000
Payplan - Tel: 0800 917 7823

Are you unemplyed right now, or on extended sick leave?

It may be worth trying to reclaim any bank or credit card charges and see if you have been missold payment protection insurance. Try to find your documentation if you can - if you can't it's okay. You can get a copy of everything the bank holds about you for £10.
http://www.moneysavingexpert.com/reclaim/

Is your benefit money getting paid into the same bank? It would be better if you got it paid into an account you did not owe any money to.