whats the point

whenwillitend

after splitting up last year and gettin back together at xmas have decided that its not working for me my hubby has hidden a big chunk of money and given it to a family member so it cant be traced to him when i found this out thats was it i cant stay with someone who is deceitful he said he did it because he didnt want it squandered . so he has left the house which is rented and i am here with our 2 kids now he is acting like a complete !!!! he pays 40 per week for his kids and thats it i pay all the bills and he has left me trying to find a way out with my car we had to get a car in my name when he was going bankrupt because the or would have taken it fr him or thats what i was told thats was in 2008 april the loan is a personnal not secured on car the loan was for 11.000 took it over 5 years in nov 08 i became very ull with cancer and had to stop work barclays finance were very helpful and reduced payments to 60 while we were having this stressful time so since then i have been paying a reduced amount and the point i need help with is what do i do now the car is worth 3.500 i still owe 7,994 on it my husband has his own little life not interested in the car cos he tells me im responsable for it (the only reason i had to get it was because he was bankrupt ) so someone please help me barclays are due to phone me next week and i have no idea what they are gonna do could poss up the payments now to 150 but they are still adding interest and i cant see a way out someone please help me im getting really worried x

Yorkie1

I'm sorry you are having a very hard time of it at the moment.

To be honest, I don't understand most of your post as it's very difficult to read (because you're so stressed, I know).

But I think you're saying you have financial difficulties and are asking for help.

I suggest you contact one of the debt charities. National debtline is one, Christians against Poverty is another, or CAB (although I think they often have delays in appointments). They will sit down with you, look at all your income and what you owe, and work out a repayment plan / make arrangements with those who are chasing you for payment.

I'd also suggest that you contact one of the board guides on here and ask them to move the thread across to the debt free wannabee board, as what you're asking for is much more suited to the expertise over there.

LisaLou1982

whenwillitend wrote: »

after splitting up last year and gettin back together at xmas have decided that its not working for me.

My hubby has hidden a big chunk of money and given it to a family member so it cant be traced to him. when i found this out thats was it. I cant stay with someone who is deceitful. He said he did it because he didnt want it squandered .

so he has left the house which is rented and i am here with our 2 kids now he is acting like a complete !!!!

he pays 40 per week for his kids and thats it. i pay all the bills and he has left me trying to find a way out with my car. we had to get a car in my name when he was going bankrupt because they would have taken it fr him or thats what i was told. Thats was in 2008 april.

the loan is a personnal not secured on car. the loan was for 11.000 took it over 5 years. in nov 08 i became very ull with cancer and had to stop work. barclays finance were very helpful and reduced payments to 60 while we were having this stressful time so since then i have been paying a reduced amount.

The point i need help with is what do i do now? the car is worth 3.500 i still owe 7,994 on it. my husband has his own little life not interested in the car cos he tells me im responsable for it (the only reason i had to get it was because he was bankrupt ) so someone please help me barclays are due to phone me next week and i have no idea what they are gonna do. could poss up the payments now to 150 but they are still adding interest and i cant see a way out someone please help me im getting really worried x

Hi OP

I tried to make your post a little more readable so that you might get some more answers

If the loan is in your name then sadly you are the person who is responsible for it. There is nothing you can do if your husband wont pay.

When Barclays call i would suggest giving them the full story and asking them if they will freeze the interest? The only other option would be for you to sell the car and pay back the rest of the loan over a period of time. I dont think there will be any way for you to get out of paying it without declaring yourself bankrupt.

Sorry i dont have anything positive that you might like to hear - but i thought it would be better to give you the information straight.

Sorry that you are going through such a tough time - i hope it starts to look up for you soon xx

whenwillitend

thank you both so much sorry my post has been a bit hickled im am very stressed at mo but thank you anyway x

Jinx

Well the way I see it you need to do 3 things:

1, sort out the house, are you putting him out, are you joint tenants etc?

2, you need to sort finances as a single person, are you entitled to any benefits, housing benefit, single persons council tax etc.

3, the car - if the loan is not secured on the car, its a personal loan then cant you just continue with the agreed lower amount? If that all becomes too much then you could break your credit agreement altogether but that carries defaults etc and is not something to do lightly (but it generally stops interest and charges).

I suggest you only tackle one thing at a time and have a look at the relevant boards here - there is oodles of info.

Good luck

Tiddlywinks

The loan is not the main priority so don't let that take your focus away from the important things.

TAKE A BREATH -

As Jinx said, you need to sort out the basics:

1. Somewhere to live - is the house rented? Privately or through a housing association / council? You need to change the tenancy to reflect that you will now be on your own.

2. Income - do you work? Are you due any more benefits now your OH has moved out?

3. Work out a budget for the basics - you need to work out how much you need to have in order to care for your family (food, clothes, transport etc - getting rid of any luxuries such as Sky

4. Debts - once you know what you need to live on, you can then work out how much you have left to pay the debts. Write to each of the companies and make them an offer - be clear about explaining your circumstance (relationship breakdown, ill health, OH's bankrupt etc) and then wait for a response. I'm guessing your credit file is already knackered (as you've already been on a payment plan) so not paying this month should not make it any worse.

Remember, as long as you and your children are healthy, well fed and have a roof over your heads then everything else is just an irritation that you can handle.

Good luck

p.s when writing to anyone, make sure you use paragraphs and be logical... it will help to get your point across - if this will be hard for you, could you get a friend or relative to help?

whenwillitend

thank you all for your replys will try to explain;
the house is rented through a housing !!! we agreed to remove his name from the tenanct because he wants to be housed and cant have 2 tenancies.
When he left I had to get a job because he will not help out with any bills etc so i work 16 hrs and receive ftc and wtc and get part bennifit with house rent.
Have reveiwed my household budget and have got rid of sky found a cheaper supplier for gas and elec and cut cost down on shopping.
The debt i have is just with a finance company barclays and could afford about 80 per month am due to speak to them by the end of the month cos it is due to be reviewed but dont no what there next move is gonna be they have been very helpful thou.
My credit file is knackered and was before this, cos of hubbys bankruptcy.
Life has already taught me that the most important things are my kids because of my cancer i am on a lifetime follow up with a london hospital and always try and focus on the positives but am feeling very hurt that my husband on the over hand is swanning around spending his money and not even asked whats happening about the car ( the only reason i have it in my name is because before he went bankrupt we were advised to get rid of the car i drove that was in his name cos it would be taken off him hence why the loan is in my name ) i accept that i am responsable for it but he has money that he hid from me and the kids so even if he helped with abit as a good will gesture that would help me feeling very hurt and annoyed about it all but am staying focused so thanks to you all for being so kind xx

Jinx

If you get benefits then you should get maintenance sorted through the CSA. I would also mention to them about the 'hidden' money, I think they can investigate where there is a lifestyle well in excess of that funded by salary etc.

NickyBat

Is he working or on benefit? If he is working get on to the CSA pronto, £40 per week for 2 children is not acceptable.

If he is on benefit then contact the fraud hotline and let them know all about his stash of money.

pawsies

The title is winding me up!

There's a song from a programme from about 2 years ago, with a character singing 'what's the point, what's the point, what's the point when we're all gonna die, that includes you'.

It's stuck in my head and I can't find it on google at all lol

Sorry it's totally irrelevant but it's bugging me haha

Edit found it: http://www.youtube.com/watch?v=bojBVQJsErE

whenwillitend

[Qno he does UOTE=NickyBat;54962087]Is he working or on benefit? If he is working get on to the CSA pronto, £40 per week for 2 children is not acceptable.

If he is on benefit then contact the fraud hotline and let them know all about his stash of money.[/QUOTE]

no he does work but is self employed i contacted csa and they based the 40 on the fact that hes self employed they said its more difficult when someones self employed they have to submit books and it can be a long process.he nos i need the money to help towards all the other costs but i have to keep asking for it which gets on my nerves,he said i will give u yr money on such and such a day i told him its not my money its to contribute to the kids . he is able to take them out for dinner and other things i couldnt do its just rubbing my nose in it .