housebound and very down

molly29

I'd really appreciate any advice on offer - our situation has spiralled after both leaving uni as mature students in debt, then due to promotion and unavoidable house move, taking bigger mortgage without taking our debt levels into account. Partner not able to find work straight away (OK now) and were already living beyond our means as soon as had moved. Took secured loan to consolidate most of debts which brought monthly payments down slightly and relied on pay rises to bring us back in line but both our companies have frozen pay for 2 years. Used credit cards to live on, all now up to limit. Life is absolutely miserable as all we do is go to work, come home and wait to go back to work. Each month is a nightmare to get through financially and if anything happened to our car, we couldn't afford to fix it then we wouldn't even be able to get to work. I've done the SOA but not sure how to attach it. I'll try and work it out.

abouttimetoo

Hi Molly

I'm sorry I'm not able to offer any advise; I think you will be better placing your post on the Debt Free Wannabee board and they can perhaps help you better than us here.

Good luck with your situation

ILW

Sell the house and buy a smaller one?

molly29

Yes thank you, I did post it on the wrong page. Selling the house not an option as now worth less than we paid for it and taken out secured loan on top. Thanks anyway.

firesidemaid

there will be a way forward.

post your SOA and you will be amazed at how some fresh pairs of eyes will help you see things in a different light - and a light at the end of the tunnel x