We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Secured loan with first plus
darrenchittock
Posts: 3 Newbie
in Loans
Please can someone offer advice.
I have seperated from my wife about 18mnths ago. Due to having two very young children she cant work. I currently pay half the mortgage, give maintenance and took on all the debts. These debt included credit cards (£23000 now on a debt management plan over the next 5 years) and a secured loan with first direct (24000 outstanding, still have 6 years to go). I cant afford to rent anywhere and have to live with parents at the moment. Any suggestions of what i can do with the secured loan. Any help or information would really be welcome. Feeling very lost.
D.
I have seperated from my wife about 18mnths ago. Due to having two very young children she cant work. I currently pay half the mortgage, give maintenance and took on all the debts. These debt included credit cards (£23000 now on a debt management plan over the next 5 years) and a secured loan with first direct (24000 outstanding, still have 6 years to go). I cant afford to rent anywhere and have to live with parents at the moment. Any suggestions of what i can do with the secured loan. Any help or information would really be welcome. Feeling very lost.
D.
0
Comments
-
Bankruptsy may be the answer.0
-
I'd head over to the Debt Free Wannabe board mate and post in there; I think you'll get a lot more help and support there for what will be a complex situation.
Good luck mate, it's got to be tough at the minute.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards