Please Help! :-(

moments_of_sanity

Unfortunately we had a terrible year last year, my Husbands mum was diagnosed with terminal cancer in March last year and we decided to move our wedding forward by two months. MIL then came to live with us in August and Hubbie took unpaid leave to look after her (they were very very close) and from the 1 August - 15 November he was on leave. MIL passed away at the beginning of November and since then we have been desperately trying to sell the inherited house (or even rent) split between hubbie and his Bro and we have been unsuccessful we have even reduced the price from £340,000 - £275,000 but nothing!

We are a family of 4 (2 teenagers, 14 & 15) and had no other choice but to use the credit cards (lots of visits to hospitals that were some 100 mile round trips each time, cancer care unit visits etc), our credit cards are now at a staggering £27,000! (makes me cry every time I look at it). We have tried various things to help ourselves and also looked at changing our mortgage to interest only (won't do that as no payment vehicle set up), tried today to get a secured loan on our house of £27,000 to pay off the credit cards and reduce our outgoings by £600+ per month but declined.

I really don't know what to do now, we aren't making a dent in the credit cards at all as the payments and interest only reduce it by about £30 per month!

Has anyone any advice on what we can do re the credit cards, is it worth me ringing them and telling them we are in financial difficulty - do they care, will they be able to help etc?

Any advice you could give would be great as we can't cost save any where else as we are down to bare minimum already. I am becoming desperate over this as I can't seem to find any way of clearing this debt.

p.s we did look at moving to the inherited house but our children are currently doing GCSE exams and the inherited property is 40 odd miles away so no chance of them staying at the same school and it would be very detrimental to move them (even worse I know if we lost the house)

CH27

Look at the CCCS website & see what they advise.
Post your SOA on the Debtfree wanabe subform & people there will happily advise you.

moments_of_sanity

Thank you, I will go on their website and have look.

ab1000

Try one of those we buy any house places. You'll get a poor price for it, but at least you can trouser the cash, pay your debts and get on with your life? In a toss up between getting below market value for a house you've inherited or living in a state of financial cripplement, I know which I'd choose.