Help! I feel as though I am drowning in debt

sistafromanothermista

Great news well done!

Acheron

I posted this in another area, but this seems a more appropriate place, so apologies for the duplication.


Don't know what to do... If I'd done an IVA when I'd first gotten in touch with Stepchange (CCCS), I'd have been debt-free a long time ago. I'm reduced to paying the bare minimum because my reduction in salary dictates it which means my debt will not be paid off for another 26 years. Very depressing. I wrote to all of the companies to ask them to write off the debt - just one out of six replied saying "no". Another wanted a letter from my doctor to get it even looked at (I laid it on about stress etc.) . The rest simply didn't reply/ignored the letter.


My job means I cannot go bankrupt - if I did, I'd lose my job which is just not an option. Is an IVA the right way out of this? Is there anything, given I've been paying for last seven years with no visible sign of it being over, I can do to get it wiped so I can rebuild my life again?


Thanks in advance.


A.

andyfromotley

Hi Acheron,

it may help if you start your own post, as people will see that its about your situation. It sounds like you are already on a DMP with stepchange? Talk to them about your options.