Too many loans

angel197

I got myself into a position where I had so many loans to pay off other loans that I could not meet the monthly repayments so I went to the CCCS and am in a DMP and have been for a year but the companies are still charging me interest and charges and the CCCS told me to wait as this will eventually stop and after a year my debt has gone up by another £5k or so and I now owe £65k, how long should I wait, what can I do???? Plus I have just gone off on maternity leave and when I do return to work I will have lower income so how the hell am I supposed to pay it off? I have been advised not to have an IVA as I have a debt I owe to my mother and I have also been advised not to go bankrupt as this could affect my job as an accountant (does not look very good that I can get myself into this situation). It's not even all my fault my ex persuaded me to do work on the house and I lost a lot of money on this and we started a business that I funded and I have no way of recovering this money. HELP!

gailey_2

Dont panic nothing cant be sorted 1st visit debt free wanabee board as they best placed to help.
Theres people there who paid off bigger debts it is possible with lot of hard work

You done right think dmp/cccs.
check out up your income board also
oldstyle to cut living costs down

You tried switching utilities?
partner is he contributing
Could you sell house? are loans secured on property?
ebaying lots
sign up for quidco
save loyalty card points
join survey sites/mystery shopping

every little helps

good luck