Really not sure :(

dancingfairy

Are you on interest only at the moment? if you are I would try and arrange for a payment holiday on the mortgage for a few months if possible. If not then you need to go on to interest only if possible -I'm not sure if they'd let you have a payment holiday and then go on to interst only so you may have to tread carefully.
I would use the redundancy money to live off I think - the debts will have to wait.
Make sure he is down the job centre and claiming jsa as soon as possible - contributions based.Once the redundancy money is gone I would think you would qualify for benefits given your income but I can't see you getting benefits if it looks like you have spent all your redunancy money/got rid of it all by paying debts off so be careful.
I would try and live off the redundancy money and make token payments until things improved - if your husband gets a new job I would use what's left over of the redundancy money to start making offers on the debts then.
df

harrisc0

Ah we hadn't thought of that "might not get benefits as we would of given up his redundancy tonpay debts off, just assumed he would as our debts are deemed high importance. We are finding it really hard to get advice and just get told until it happens there is nothing they can help with we are on interest only and the woolwich won't give us a break

theoretica

Unless your debts are for council tax, mortgage or utilities they are not high importance (except to your creditors). I suggest that you live off the redundancy money while he is job hunting, but then put what is left when he has found another job towards the debts - as you have been paying reduced amounts for a while it would be worth offering them less than the full amount, but exactly how to play this will depend on how fast he finds a job, and how it compares to his present wage.

Jinx

In our relationship it is me who pays a self-administered DMP. My hubby was made redundant and I was finishing a contract at the same time last year. What we did was pay the mortgage, council tax and the absolute min on his credit card and reduced my DMP payments to a token payment. He was unemployed for about 5 months so this was the only way we could afford to pay all our bills. Once we were both back in employment we went back to normal.

In my opinion you need to hang onto the cash for essential bills - unsecured credit card debt is not high on the list when it comes to food and shelter.