My Situation is a mess!!

jamespounder1

I work full time earning £13500 (£950 a month)

I pay £650 into a joint account with my wife this covers household bills...mortgage,gas, food, cars and petrol...phone bill.

About a year ago my wife consolidated my debts she took a loan out for £8500...foolishly some of the debt was not cleared and i wasted some of the money.

There is about £7300 owing on this loan payements of £197 a month.

I still have money owing to old debts and a few recent ones...

Barclaycard £2640 £60 per month
Barclays Partner Finance £2159 £53 per month
Aqua Card £700 £50 per month
Abbey OD £392 £70 per month (payement arrangement)
Wageday Advance (Payday loan) £195 £45 (interest only)
Payday Express £300 £60 (interest only)
Payday UK £275 £55 (interest only)
Quick Quid £375 £75 (interest only)
1 Month Loan £195 £45 (interest only)
Cash Genie £195 £45 (interest only)
TXT Loans £200 £25 (interest only)
Mini Credit £130 £30 (interest only)
Provident Loans £800 £149 per month

Misc Debts

Swinton £124 Overdue Balance
Orange £900 Overdue Balance


So the total is just short of £17000 of debt. £9700 of which is in my name and £7300 which my wife has put in her name....

I cant afford to keep up with minimum payements and im failling into arrears

Can anyone give me advice on possible solutions...consolidation loans, DMP, IVA's Bankruptcy?

Many thanks

James

lolly_896

It may be a idea to post a SOA so people can see what "excess" if any you have left at the end of the month x

pwally2

Hiya James,

I think you should ring one of the debt charities like National Debtline or CCCS or Payplan and they can advise you. The CCCS do an online version called debt rememdy. I see you have a few payday loans. I went thru them and had nightmare interest is extortionate!!! There is lots of help and support out there and on this site.

Good luck