Loans and credit cards

LeeRoy1978

Good Morning All,
I have a loan with Lloyds TSB which is over 5 years at a cost of £232.00 per month, the loan was for £11,000.00.
I've paid 26 monthly payments without missing a single month, leaving nearly 3 years of the loan left to pay.
Last month my circumstances changed and I am now living on my own, which means only one wage is now coming in to my home.
I'm wanting to drop my payments per month for my loan but not sure how to go about this without getting blacklisted or being charged more Interest per month for my loan, I also have a credit card with Barclays Bank which I pay £40.00 per month on a balance of £1,300.00.
Could somebody please advise to how I can save money or cut my monthly outgoings without getting myself in to trouble or debt.?
Thank you

Lee Murcott

Tixy

Its difficult to advise how you can cut your outgoings without knowing what they are.

As said before you might be better off posting on the debt free wannabe board and posting up a statement of affairs so can people can advise you.

Alternatively you could ask Lloyds if they will restructure your loan and set up a new loan agreement whereby you pay less each month. But even if they will agree to do this (and they might well not) this will mean you will be paying over a longer period and be paying more in interest.
You won't be able to drop payments and not pay more in interest.