£15,000+ DEBT HELP, Feel Suicidal

ESAHeadache

Hi,

A few year ago when i were working i took a loan out with natwest this was for £5500, I lost my job due to mental health problem being forced in to marriage by family.
Well at this time i took out a pay day loan to try cover the shortfall and also fell back on my pay monthly contracts.
My mental health stated to get worse. I don't know why but I sarted to go to pawnbrokers and also cash converters with my cheque book and debit card.
I dont remember much about that period but I suffer with severe depression, severe anxiety,Panic disorder, agoraphobia, insomnia, sucidal ideation and were told by my GP may have bipolar (manic depression)
I left home roughly 2 years ago due to pressure from family.
Now I dont know what to do I have not been well enough to remember anything due to my mental health problems and i can imagine that the files would now be with debt collection agencies and that the interest put onto the debt would make them in the region of 15,000.

Help please.
Also when i took out the loan from natwest it was done online I didnt not get anything to sign or term and conditions to tell me about the loan I dont even know if the loan has PPI.

Muscle750

Ehnd of day it isnt going away and they cant get what you havent got i would contact a independent advice if your not working now and claiming benefits im sure any ageny chasing you will soon find you i would certainly not think its going to go away because it isnt. Even consider going BR as a last resort

suleskerry

Hi, ESA. Are you in England? What is your accommodation like? Are you in a secure tenancy - such as from a council or housing association? Do you have any assets worth over about £1000? I would suggest you start on some of the sticky threads here to start on a SOA (Statement of Affairs), or, right now, go onto the website for the Consumer Credit Counselling Service and do the same.

Your benefits cannot be arrested by your creditors, if that's any comfort to you.

Welcome to the forum, hope you find as much support here as I already have.

ESAHeadache

Ive been on ESA for the past 2 years
I live in rented accomodation its a bedsit.

I just don't know what to do im surprised they have still not found me to harass me. I live in the UK. I right now I feel strange in the sense I just feel like ending it all. I don't know what to think anymore. I don't know why I took out the loan and why they gave me it but well it all my own fault

brian_723

If you need to talk http://www.samaritans.org/

ESAHeadache

IM Just sick and tired of life now

BigCraigJohn

If you could get it under £15k and have no assets, pension etc you could do a debt relief order for £90.
Please dont do anything silly, its just money, you wont go to prison and the very worst thing that will happen if you dont pay is that you get a get a ccj which in your situation will be £1 a month. Keep posting up here and I promise people have been in that situation.
I do agree with the above though, speak to the Samaritans regarding your mental health but theres no doubt that the 2 are connected so for this reason I say forget about the the debt and look after yourself, nobody will come round and there is very little that they can be do.
For future reference refuse to speak to them on the phone and ask for everything to be in writing.
Have a read of this regarding debt relief orders http://www.insolvency.gov.uk/bankruptcy/DRO/debtors.htm

suleskerry

Don't do it, ESA. Go to Samaritans asap. This debt thing can wait right now.

It's really presumptuous of me to ask, but are you British Asian? I only ask because there are actually organisations and charities out there who assist and support British Asian people who have lost their homes and families due to not entering into arranged marriages they did not want.

It does not have to be the end!

The DRO may indeed by the way forward for you.

But you deserve to live.

PXE35

I can understand how you feel but nothing is ever worth taking your life over.

Speak to a Government approved debt management company. I'm with Payplan and apart from a few hiccups of my own doing, it felt like a weight off my shoulders.

Please look after yourself x

ESAHeadache

Ive just called someone from the crisis team now I'm not sure what Im going to do. Im trying to keep stron but there something in my head that saying jump out the window.
I do appreciate all your help and advise

suleskerry

Keep talking, ESA. Don't let this be it. Some of us have been there, we've been that low, and are here to tell you, this is worth doing.