Finally Stopped Burying My Head In The Sand!!

laura-19851

Thank you so very much to each and every person who has replied to this tread & given me advice. I am sitting here in tears at your kind words.

I have not been able to think of anything else but this debt for the last few weeks but the last few days have been the worst yet. I have thought about everything over and over again. I think I may now go for the bankruptcy route. My head is just such a mess and I've been saying for the past month that I'm going to sort this but I really am this week as I am making myself ill.

I have also reconsidered telling my parents and have decided that as I live under their roof it is only fair that I tell them as it would be so much worse if they find out elsewhere plus I don't think I could keep such a big secret from them & to be honest I need to get this off my chest. You guys have been wonderful but I need to actually sit down with someone and discuss this.

I have printed off the necessary form which I will fill out this evening then contacted cccs or someone tomorrow as I have so many questions I need answered. Hopefully all going well I will deal my parents on Tuesday (due to work etc I can't do it sooner & I really don't want to drop the bombshell then run off to work) and send the forms off on Wednesday and really get this ball rolling.

I know they are going to be so disappointed in me but I really can't live like this.

I'm so scared and really just want to go to sleep & wake up when this week is over but I suppose I got myself into this mess it's up to me to get myself out it!

Thanks again to everyone who has helped

Lx

will369

what did you spend the loans on?

laura-19851

I've pretty much had debt since I was 18 & have lived way beyond my means for the last 7 years. I don't really have much to show for the debt. I have a car but thats only worth about £3000. I've basically tried to keep up with the Joneses and buy friends I guess. Then its a viscious circle as I've had consolidation loan after consolidation loan telling myself that I won't get into more debt but I have.

So basically I've spent the money on nothing worthwhile

Lx

mustang1

Very best of luck this week Laura. I have to say that I think telling your parents really is the best way forward - you will need support as you go through this. I hope it goes as well as it can.

laura-19851

Ok so I've paid the fee and sent the form away yesterday. I haven't told my parents yet though. I know a problem shared is a problem halved but I am quite a private person & never talk about my feelings etc with anyone and don't feel the need to talk to anyone about this, now the forms away I'm feeling a bit better about it all & Im sure I'll be fine!!

Lx

donnap83

I hope you've ditched these friends that you 'bought'. Not the sort of friends you need in your life. Keep a close group of friends.. Thats all you need.

Chin up chicken x

bones65

Well done laura first thing about a problem is admitting there is one. 25 is nothing for bankruptcy your young and will soon be debt free. Im 46 and payiong for my bad spending habits living on credit cards to support my social life. This bank holiday weekend im broke will have to bite the bullet and stay in ill try and do some gardening and have a clear out so i can put some more things on ebay. Infact ive got 18 items on there now and theya re about to all finish so will see how there going.

cloudcuckooland_3

Hi Laura,

I am a carer too. You can up your income by going into learning disabilities work (Mencap etc). You say that caring was really your interest and if you are prepared to stretch yourself learning disabilities could be the way to go as the govt is still funding individual budgets for clients to give them more control as to how they run their lives.
Just google learning disabilities and see if it is something you might be interested in ( I can strongly recommend it).
Keep trawling around this website for ideas - I got the idea for counting votes in the local election from here - I got £90.00 for a nights work and every little helps!
Good luck and keep posting back!

laura-19851

Help!!!

I received a letter from AIB (Accountant in Bankruptcy) yesterday which says that as my car is valued at £3,500 (I thought it was a lot less!) I do not qualify for bankruptcy through the LILA route
Does anyone know if they will allow me to sell the car and buy another cheaper one? How does this work? I will call them in the morning but I can't stop worrying about what I'm going to do.

Also Halifax & Tesco gave me 30 days "breathing space" which is coming to an end. What will I tell them? Should I make a token payment (£20 each is prob all I can afford atm) until I know whats happening with the bankruptcy or what?

I feel like I'm right back and square 1 and don't know what to do. I so badly want out of this mess but I don't know where to go from here.

Please help

Lx