Desperate - Owe £200,000 What Do I Do ???

smokybabe

Dora, welcome aboard.
Please don't be so hard on yourself, I know it's easy to say, but nearly every person here is or has been totally overwhelmed with their debts. You are in the right place for the best help you can possibly get now. Peeps here are brilliant - whatever you need, even if it just emotional support if you want to rant or to cry.
But at the end of the day Dora it is only money, a problem to be sorted, your kids need you with them, go see your GP and please keep posting here - we are all your new extended family and we will be here for you I promise.
<<<<<<<<<<<<<<<hugs>>>>>>>>>>>>>>
Smoky.

Poppycat

Dora I aint much help when it coems to debts, I do have a small debt over me apart from mortgage but I bene very frugal over the years due to money being thin on the ground. I do however like to say that theres many people on this board that can offer you good advice.

We are not hear to judge you, its a very brave step for someone to ask for help. Please dont do anything silly get the right advice

Best of luck.

Broken_hearted

Dora hope you are ok. Please keep posting if you feel overwhelmed by it all. I don't have the way with words other people have on here, I do know the feeling of wanting to just not wake up anymore and without this place maybe I wouldn't. All I can do is give out hugs and tell you to stay strong.

JohnInDebt

dora2505 wrote:

Please Can Someone Help Me - We Are Professional Peolpe But After Renovating Our Old House Have Been Struggling To Cope With Paying Off Over £200,000 Mainly Credit Cards - ( £30,000 Secured Loands0 We Have Been Taken On By Debt Free Me - But We Are Vulnerable How Do We Know They Are The Poeple To Help Or Just Want To Take Our Money??? I Dont Know What To Do And Am On The Verge Of Committing Suicde !!!! I Have Small Children But Cant Cope Anymore I Am Desperate And Terrfied Can Anyone Help - Has Anyone Been Here ???

Please don't even consider this, it's just money.

There is so much help around here that will hopefully give you more confidence in getting this sorted. You have taken the first and biggest step, just continue this journey to being debt free.

gravitytolls

Dora, I ditto, Johnin debt.

You have to keep telling yourself ...
IT'S ONLY MONEY. WHAT'S THE WORST THAT CAN HAPPEN?

Really, be honest, what is the worst? You may be declared bankrupt, you may move into alovely rented home, in which if you were to becom eill/unable to work for any reason, you rent will be paid.

You will still have your beautiful family, you will not have creditors harassing you. You will be able to breathe easier, and start again.

We owe in total, about £94000. This includes our mortgage. We are unable to remortgage due to DH's spinal injury. Believe me, the sleepless nights and palpitations and panic attacks are really hard to cope with. Creditors sure don't make it easy to cope either.

But, read thsi board - people do cope, and they help one another with their own stories.

Come on, you can do this, you can get through this - I promise.

If you really feel suicidal - not just the panic when faced with the situation, please get to your GP. Please.

You must have some sort of cooling off period regarding your plan. Call Payplan/CCCs or get down to CAB, they'll all help you, without judgement, or condemnation. Honestly, they'll also help you to see that there is a light at teh end of the tunnel.

Remmeber, their advice is FREE. They have no financial interest in you taking any course of action, so the advice will only be of benefit to you.

Chin up pet! Let us know how you get on. And when you feel low, get yourself on here, share your feelings, many of us know exactly how frightening it all is. And browse other forums, you'll find friends sharing a joke or funny story too, to help keep your spirits up.

dora2505

Yes It Is Thanks
They Reckon With Bankruptcy We Wont Losse The House ? As We Have Never Missed A Payment
Xx

dora2505

Thanks So Much For The Reply
How Did You Sort It Out Then Please???

dora2505

P.s Been To Docs And Am On Anti Depressents - Do Feel Calmer But Worried Sick
I Am Going To Stick With Debt Free Me But I Guess I Want To Know Has Anyone Else This Huge Amount Of Money And If So What Did They Do And What Was The Outcome
Big Hugs To Everyone For Your Support
Xxxxx
Xx

lynzpower

Morning dora im back

Ok, before we do anything what we need to see if a SOA.
Have you done one before?

If not have a good read of Southern scousers sticky "first time posters"

We need to see
what debts you have
what APR they are at
where you money goes- every single bill, expense, the lot
Look to the top of your page you will see martins budsget planner. i recommend you open this on your PC to have a look at all the sections.

It includes, food, newspapers, clothes kids schoool trips and literally EVERYTHING

Also your income, whos in the household who earns what?

Once you have done this we can start to make a plan with you

Dora Ive been here since March. And I have loved being part of this community so far. I have seen literally hundreds of people come ask for advice and go. I dont know how they are doing. Many many people stick around, get support and I cant think of a single person who is doing worse now than they were when they came. Even if life deals you a duff hand ( im having a carp time at the mo as Im off work sick and not being paid) I have learned how to cope- I feel calm becuase Im in control.

You can get in control, but we need that SOA lady so off you pop. Once youve done it we can all show you ways to cut back your expenditure and TAKE CONTROL

Lynz
xx

oakdale_minx

Hi Dora - I've PM'd you back.

Hope you are feeling a little better today, I'm on anti-depressants at the moment so can understand how you feel.

If you can list all your income and outgoings we can all help you.