Secured loan with first plus

darrenchittock

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.

ILW

Bankruptsy may be the answer.

Dabooka

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.