Letter to creditors

fiveyearplan

I have £50,000 worth of debt made up of £20,000 Barclayloan and £25,000 credit card debt and about £3,000 store cards. Most of this is business related but done on personal cards. My business is not performing as anticipated and now I can only pay my mortgage. (I remortgaged late last year to pay off all debts but then urgently needed it for the business. Is there any way I can put these debts on hold for say 6 months to give me time to build up business? I am fairly certain I can do it in that time and then resume my payments.

Any help would be greatly appreciated. Most credit cards are up to date but a couple of them have missed their last payment and the phone calls are starting.

inmypocketnottheirs

There is only one way to find out if this can be done is to phone and ask.

CLAPTON

i would suggest you post your soa so we can see the complete financial details

newmum1

once u post yr soa we can all have a look and see if we can reduce yr outgoings and find any 'spare' cash.