perilous journey begins....

lambda

OK ok first things first. Don't Panic! :j

Coming to this place is the first port of call, and I don't think your situation is *that* bad.

I'm not sure i can offer much advice about how to raise capital to meet you repayments. However, one thing I would advise: go to your local Citizens Advice Bureau and talk to a debt advisor. They may be able to help to see how you can make repayments, based on you current income.

I would say that the car loan could be scrapped if it was a hire purchase agreement (it's worth checking your contract here). You are paying out money to a loan that may not exist (plus would take forever to pay).

Are you still a student?

mboro

I am no longer a student, left uni due to finacial difficulties. I will have to get hold of my contract as I no longer have it. I threw alot of paper work away whilst burying my head in the sand.

lambda

Not to worry - we all make mistakes in life! The important thing is that you have realised now and can work to rectifying this. I am 28 and only recently realised that I can't live beyond my means!

Is there a way you can top up your income? Perhaps another part-time job? Working as a delivery driver for a take-away or in a shop? That would be a perfect solution to getting that extra income you'd need.