help required

buckleyskj

hi i am in a bit of a mess and need advice please .. i have a 25,000 loan with barclays wich costs me 421.00 per mth took out in 2006 also a 5,000 loan with sainsburys took out in 2008 a credit card with mbna owe 3,770 a credit card with mint owe 3,500 a credit card with capital one owe 1,300 and a credit card with barclaycard owe 1,300 i have always made payments on time but have just lost my job and have no way of paying them i have my own house and my morgage is 421.00 per mth which my wife is paying at the moment i am in the proccess of claming my ppi back on the barclays loan i dont want to do an iva or go bancrupt because my morgage has only 55,000 owing and it is worth about 160,000 is there any other way out of this mess ?? i have not missed any payments yet but my savings have all gone now as i have been out of work for 3 months thanks in advance

sunday_girl

Hi

Sorry to hear you are having trouble. Post this on the Debt Free Wannabe board - lots of people will be able to help you there.

dougyd

Hi and welcome!

Go here: http://www.makesenseofcards.com/soacalc.html fill out the form and post it up on the debt free wanabees sections.

We/they will see if there are any reasonable cuts you could make.

Do you have any savings/ISA to make full and final settlements to your creditors?

Have you contacted any of the debt charities to let them know your situation? (debt charities include, CCCS, CAB, Payplan)

buckleyskj

no savings or isas just debt and stress