20k in debt and dont know what to do.

darlyn

Hi Mark,

For what it's worth, I was in a position such as you 6 years ago....way too much debt and I never knew where to turn next. You think that there is no way out.

THERE IS MATE....

Be brave and call and speak to the specialist advisors, the debt charities, they really will tell you the best approach. Moreover, they will not judge you. For me, the approach was an IVA. Suddenly I had enough to live on for essentials, with a little money left over for me each month, but I had all the debt worry taken away. My IVA is now finshed and I am debt free. YOU CAN BE TOO. Just take the leap of faith and call someone - tonight, and get some guidence.

Talk to us here, now, if it helps...?

gambledandlost

Yeah because topping youself will pay the debts.

I was close to killing myself a few years back when I couldnt afford food. Then a friend killed themselves over being dumped by her hubby and I felt pure rage against her and myself for such a selfish act.

Will killing yourself pay your debts? No. What it will do is whilst you are on your cloud/haunting old buildings/being reincarnated/being burned in hell, is put your family though unbelievable pain and guilt which will last way after your debt is paid. It will leave a mark on the person who finds you, the medical staff who try to help, the cop who breaks the news to your family, even the funeral director . It will also just transfer your debts to your estate which will go to your family.

Get some help - call a debt helpline who will talk you through the process to sorting out a situation with your debtors. In the meantime take a look at other boards on this site which will help you live on less money without going mad; live of cheap meals, move into a tiny room in a shared house with a bunh of 17 year olds, turn the lights off, shop at charity stores (I wont tell anyone, promise). If you get bored; go for a walk, use vouchers for free days out, go to the library and read.

It really aint about the money money money - its about the journey we go though and many people would give their right arm to go though that journey with a job, let alone food.

Good Luck.

dazla

I owe £30.000 and last yr signed up for a dmp with payplan. i didn;t think there was a way out of my situation , but believe me there is. I can slowly see my debts starting to come down, I have paid off £5000 over the last 6 months. My weekly food bill is less than £15.00, by shopping wisely at asda's, b&m's , farm foods etc, I can manage ok. i walk everywhere also, to save on petrol so keeping fit too, plus i feel much better. Chin up , it will get better x

Daz

AlyBaly

markharry hope you are ok

markharry

Hi sorry still stressed phoned cccs getting pack in post going to get this sorted out and on a plan as soon as possible

missrlr

Good for you - 2 positive steps done - see there is a way.

Chin up

merlot123

Well done for taking the courage to contact the CCCS. You are heading in the right direction.

According to your very basic SOA you spend £950 a month and have an income of £1200. Where does the reminder of the £250 go each month?

Take sometime and look through your bank statements and see how much cash you withdrew from the ATM machine and see where the rest of it is going.

Do you own a car?

merlot123

stann01

WELL DONE MARK!
i was in 55k of debt 6 years ago and didnt know where to turn, phoned cccs who advised br was the only way for me, it was scary but i thought if they suggested that then so be it, the relief after it was done is unbelievable! the calls stop the threatening letters too!

i am debt free but still dont seem to have any money lol but at least i dont owe anybody.

you will get out of it, it will take time but stick with it.

I hope you get it sorted mate.

stann01

markharry wrote: »

Hi sorry still stressed phoned cccs getting pack in post going to get this sorted out and on a plan as soon as possible

just remembered yes you get pack put all your details in (expenditure,earnings)
then you phone them back and they will advise the best coarse of action

Sammy246

It's great you have come on this forum Mark, I was in huge amounts of debt owed £32,000 at the age of 22 now I only owe £11,000 and am 24, none of this has been paid off by anyone apart from myself, working hard and staying focused on my finances and spending habbits!

I was determined to make a plan and get it sorted and have managed to half my debt in just 2 years...it can be done, there is light at the end of the tunnel!!

You are heading in the right direction Mark and have already made big steps forward...this can easily be you posting on here of your success!! Keep us posted!!