secured loans help

joannegavin

i have two secured loand on my house, i lost y job a year ago and have had another job for about 5 month however my salary has halved and i am reallystruggling to make ends meet,there is not enough equity in my house to release any money.
any advice would be greatfully appreciated.

jo

Tixy

Hi

Do you have any unsecured debts in addition to the secured debts? Are you currently up to date with repayments on the secured loans?

It might be a useful step if you completed a statement of affairs to see your full financial picture. This is a good format to use http://www.makesenseofcards.com/soacalc.html

If you post the results on the debt free wannabe board people there may be able to suggest options for you or suggest ways you can reduce what you spend so that you can afford the secured loans.