My Soa

DVardysShadow

Having had a think about this, you would need to get rid of the car and the debt which goes with it. You will make a loss on the car, for sure - probably 5k, but as you are unlikely to be able to fund that and buy a cheaper replacement, you are rather stuck. If you can see a way of off loading the car, don't go for it unless you can see a way of avoiding bankruptcy.

Or, you have equity in your house, perhaps you should sell it, offload the car, settle the HP and as much credit as you can and rent a house. Do another SOA - assume you are renting and that you have sold your house and disposed of the car - look at the cash you will have after settling everything and eliminate that amount of highest interest debts. My guess is that this SoA would still be tight, but would leave you with a monthly shortfall you deal with by cutting back.