Advice on my debt please

hamiltol

Hi all

In brief i have the following outstanding debt to date:

Halifax CC £7830 Years left ??????
Nationwide loan £4600 Years left 3.5
Lloyds car finance £1820 Years left 13 months

Mortgage
£109000 valued at £155,000 valued last month

We are currently renting out the above property and are in rented accommodation this was because of a work related job position.

we are covering all bills every month and have done a budget planner and are left with enough to feed and cloth our family.

We have been toying with the idea of selling our house paying of debts and start enjoying life a little more. We have been in rented accommodation for 4 yrs the only reason for this was because of a short temr contract, my situ has changed and I'm now full employed and my partner and are not gaining anything from renting our house out, does not even cover the monthly mortgage. Looking back on this we should of sold house when we moved but kept the house partly for sentimental reasons.

Now we want to move on. So do we sell, clear all above debts and whatever is left put down deposit on a new home, or do we carry on paying debts until they have all cleared.
Or is there any other options for us.

Hope this makes sense

Many thanks
Laurie

sistafromanothermista

Hi, you've posted a few similar threads before this one. Did you ever post your SOA?

kerinat

hi hamitol. Do you have any ppi you can claim back from credit cards, loans, hp store cards etc..... Have you looked at www.cccs.co.uk they will help and are FREE. Good Luck.

hamiltol

sistafromanothermista wrote: »

Hi, you've posted a few similar threads before this one. Did you ever post your SOA?

Yeah I completed one, I spoke to a debt advice support group, i was given the number from someone on here. This site is so useful and the people on the forum seem to care too which is nice to hear.

Many thanks for your feedback, i think i will have to sell the house we rent out, is going to be difficult as we have new tenants in, they moved in mid May. not sure how to go about putting on the market while I have people in, any tips would be appreciated.

Regards