debt worries

worry_2

hi
have just read your threads and i just wanted to say that you talk alot of sense ! , I am at the minute worrying day and night re our debt and approx 50k i have seeked advice from cccs ansd have set up a re payment plan but i really dont know whther i will be aqble to keep up with the payments as my husband is self employed and we never know how much and when money will be coming in ! so i getting stressed with it all , The phone calls are getting me down and im so sick of repeating myself with them all , And im really angry with hsbc bank who have sent documents for a "managed loan" after ccccs have written to them with a offer for a credit card debt and overdraft , with documents for ujs to repay untill 2016 and charges us 13% interest and added money to the debt and wehn i phoned to ask what the hell this loan was about i gotg 2 people in anouther country not having a clue what i wanted tfo know .

I know is shouldnt let it get me down but i cant help it , i have worked in debt collection for a credit card company and i know how it all works and ive worked in a bank .

i dont know whether it would be the best thing for me to go bankrupt and not try and pay these payments and keep getting hassell , we remortgaged many times and dont have any equity in the house now buit i really couldnt bare losing it as ive only been here a couple of years and have 3 small children ,
Life is hard enough with out all this stress really dont know what to do for the best

CLAPTON

we can only really give any advice if you post the details of your financial situation .. an SOA

An SOA Statement of Affairs

a. list of income
b. a detailed list of spending (include mortgage and secured debt but exclude unsecured debt)
c. a total of spending as above
d. now you can see how much you have to pay debt monthly by forming income minus spending
e. a list of unsecured debts
i.e. debt amount, minimum monthly debt repayment, APR
f. a total of unsecured debt and of monthly unsecured debt repayment
also say if you rent or buying , if so how much is the house worth and how much the mortgage, also your general situation: partner, children, working etc.

Nuclear_Tom

Good luck with this. Rest assured you are in the right place, plenty of free advice, and plenty of support also.

Get a clear head, make yourself a brew, and get the SOA done, and take things from there

All the best,

Tom.

worry_2

thanks for that i have already done my soa for the cccs and they have set up a payment plan , but what im worried about is my husband being slef employed and not having a regular income to be able to keep to amount i hav to pay them every month .