Guarantor loan debts is destroying me

maginot

You need to put a claim in for CSA now! That money is for the children and ensuring they have a roof over their heads. If he quits his job, so be it. You will still get something from his benefits and I doubt he would really do this if he is on a good income.

Next, you need to talk to the friend and get them to pay off the loan. This is what they agreed to when they became a guarantor, you can then try and pay them off over the long term. I know you don't want to do this, but you have stated you are unable to pay this and you are unable to favour one creditor over another!

Then speak to a debt charity e.g. Payplan or CCCS and go through all in goings and outgoings. They will suggest whether it is better to have a DMP or bankruptcy etc

Honestly, once this is done you will feel much better and can stop stressing over money all the time. Hope it works out for you!

SouthCoast

For clarity can you please let the thread know the following:

Realistic value of property = £...........
Mortgage outstanding = £.........
Mortgage arrears = £......

Total amount of unsecured debts = £.....