Running out of time, needing to borrow in time for xmas...

y5d

My husband did the consolidation thing twice, and I (in my ignorance) bailed him out a couple of times. Our outgoings looked just like yours OP, and we are now moving in the right direction thanks to the help of the CCCS. I wish my husband had realised years ago that we didn't need 'stuff' - I think he is just getting it now, and we have sold lots of the 'stuff' on eBay!

Please seek help, it will be worth it.

hansi

ciscokid wrote: »

Im sure there are lots I can do which will take time before any savings can be realised, but I have been trying that option for the past 2 years....and getting nowwhere. I am now at the stage where my bank = £0, we have bought no presents for christmas, and more important that some plastic crap which the kids will break anyway is we have no money to heat our house...I dont stay in teh same house as my kids during the week (cost cutting measures, 2nd car sold (70 mile round trip with no public transport links) so I stay at a friends house in the city during the week nice and warm while my partner and kids enjoy wrapping up in as much blankets and covers as they can find and going to bed after supper because its too cold to sit up and watch TV. If this sounds a bit mellodramatic, I honestly don't know how they feel because I only have to suffer it at the weekends....

Just think, do you really need to buy presents? In your financial state, I would have thought that it's the basics you want. Forget the luxuries.

ciscokid

You're right, this is the year I tell my kids santa doesn't exist. :beer:

I am just going to continue enjoying paying £1800 a month on debt for the rest of my life. :rotfl:

I was here five years ago, I managed to get very lucky to get out of it (read: money literally fell out of the sky, the three years of living like sh*t and trying all the advice from Motley Fool etc didnt help). If my bank had given me the loan when I first asked five years ago, that woul dbe itclear by now. AT that point I asked them for £10k. I have probably put £150k through the bank since then. Last year alone they took £4k off me in bank charges.

I get it now, I can't win.

Heres hoping we do die of the cold.

aligerdie

ciscokid wrote: »

You're right, this is the year I tell my kids santa doesn't exist. :beer:

I am just going to continue enjoying paying £1800 a month on debt for the rest of my life. :rotfl:

I was here five years ago, I managed to get very lucky to get out of it (read: money literally fell out of the sky, the three years of living like sh*t and trying all the advice from Motley Fool etc didnt help). If my bank had given me the loan when I first asked five years ago, that woul dbe itclear by now. AT that point I asked them for £10k. I have probably put £150k through the bank since then. Last year alone they took £4k off me in bank charges.

I get it now, I can't win.

Heres hoping we do die of the cold.

Of course you can win, it just takes alot of hard work and sacrifice!!

As several other posters have mentioned, first thing to do is change your bank account to a bank you have no ties to now.
While you're online now, it's the perfect opportunity - do it now! Then tomorrow, swap your wages to your new account.

That'll mean that your wages won't be eaten up by charges and you can get sorted with your priority debts (mortgage etc).

It sounds like your credit rating is shot to pieces now anyway, your overdraft will be added to your list of creditors.

Good luck, you can get out of this.

geoffky

you are like a lot of people..you are not prepared to work hard to pay off your debt and you believe in magic fairy's,,,

grow up for all your family's sake..

cally6008

I sense a Troll or someone who just doesnt give a ** about their life enough to get off their backside and do something positive about their situation

KingElvis

This has to be a troll.

dmg24

Why were CAB, debt management etc not helpful?

aligerdie

OP, why don't you go over to the DFW board?

If you post your statement of affairs, people can have a look through it and perhaps suggest ways to cut back on your day to day expenses.

The old style board here is brilliant for cutting your grocery bills down, I've cut my shopping now to £160 a month for 5 of us (with 1 littlie in nappies still), and we're eating healthier than ever.

Unfortunately it's that time of year where the emphasis is on spending, but I do think you need to rethink your strategy for getting out of this mess.

wyebird

Nobody is going to lend you additional monies. The institutions you owe money to already will have to negotiate with you once you have moved your account to a financial institution you have no links with.
Hopefully you will get interest reduced or frozen, and pay what you can afford after priority expenses and clear them off fairly quickly if you are on a decent income.