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help! in over my head :(

wuzzy_2
wuzzy_2 Posts: 3 Newbie
edited 6 June 2012 at 5:31PM in Debt-free wannabe
Hi all i'm new to the forum and i'm looking for some advice on where to start with sorting out my debts, the biggie(£8036) is a hire purchase agreement with welcome finance on which i defaulted and the car was auctioned off for a fraction of that as it was damaged and a few months after taking out the policy i was unemployed, i dont know where to start really,i've been denying my debts for so long now as i have been ill but i'm starting to get my health back and now i want to sort my life out.

Comments

  • RAS
    RAS Posts: 36,515 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Ok

    Starting point is how long have you been ignoring the debts? 2 years, 7 years, 10 years?
    If you've have not made a mistake, you've made nothing
  • de1amo
    de1amo Posts: 3,401 Forumite
    1,000 Posts Combo Breaker
    best way to start is sit down and do a statement of affairs (SOA) on this website. it needs some research and admission to reality. İts the place to start--getting the facts down on paper!
    mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.
  • wuzzy_2
    wuzzy_2 Posts: 3 Newbie
    Hi the hp was taken out on 27/03/2006 :( were and how would i go about a "statement of affairs"?
  • RAS
    RAS Posts: 36,515 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    http://www.makesenseofcards.com/soacalc.html

    Wnen was the last payment made on the HP account/car repossessed?
    If you've have not made a mistake, you've made nothing
  • wuzzy_2
    wuzzy_2 Posts: 3 Newbie
    default notice was issued 23/11/06 and car was taken back shortly after
This discussion has been closed.
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