Consoliation help

frankers82

I have debts of around 12000 credit cards loan and store cards and I am looking to make the monthly repayments more manageable and in one place as they are staggered and causing me no end of trouble. I have just gone thru a marriage breakup and have had to make some payments so am starting to fall behind. My bank wont help even thou my loan and one credit card is with them. All I need is for a consolidation loan to get my self in order and more manageable. Other lenders do not wish to help either.:eek: Ideas any one?

PippaGirl_2

A debt management plan. The Citizens Advice Bureau will help set one up for you. They negotiate with your creditors and affordable monthly figure. Don't use any organisation that charges for this service as the CAB do it for free. As do Christians against Poverty.

tigerfeet2006

This is the New Newbie post, couldn't post it with the other PM

Hi and Welcome to the Bankruptcy (BR) Board. No one here will recomend a consolidation loan whatever board you are on. First step is to make a list of all your creditors, debts and assets. Secondly and most important is contact one of the following debt charities. Please try these they don't charge and are impartial. They will go through all your options with you and if they suggest bankruptcy then come back to this board and we will help you all we can. Also if your not ‘clicking’ with one of the Debt charities do try another. We advise you to try at least two others for your own piece of mind. Your BR could be refused if you have not sought advice.

As you can see you have posted on the Bankruptcy board, but where ever you post you will get this advice. Give the numbers below a ring. They may suggest a DMP, in which case post on the Debtfree Wanabe board http://forums.moneysavingexpert.com/forumdisplay.php?f=76 (in fact you may find it helpful to post there anyway). They may suggest a DRO or an IVA in which case post on that board http://forums.moneysavingexpert.com/forumdisplay.php?f=159 . If they do suggest bankruptcy then come back here and you will get all the help and support we can give you.

* Blue text on this forum usually signifies hyperlinks, click on the blue links below *
Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• StepChange (formerly CCCS) - Website: StepChange Telephone: 0800 138 1111

Others:

• Business Debtline
  - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

Please don’t do anything rash take your time and weigh up your options and read everything you can.

We often ask you to post your SOA so we can see if you have included what you need to:-
MSE SOA Calculator - Click here
Select the MSE format at the end. Copy and paste onto your thread.

For ‘essential’ BR info the ‘Look here first’ sticky by Fermi.

BR friendly home insurance thread.

BR Friendly Bank Accounts ~ [Updated Sep 2012 re: Co-op Cashminder withdrawal]

BR Abbreviations

Beth's Guide Reasons for your BR

Charities who help with BR Fees

Bankruptcy NDL Guide

Basic Bankruptcy Advice & Guide NED CAB

If you are new/old to this board and receive/see a comment that is not helpful or insensitive please don’t let it put you off posting, often these comments are made by people who don’t normally contribute to this board and don’t speak for us.

What to do if you get an insensitive or hurtful comment.

And do remember we’ve all been through this and anything you don’t understand don’t be afraid to ask.


Best wishes
TFx