Young and Broke and Gutted

misspoppy

Hi

I know it seems like a great idea to be on the property ladder while prices are going up, but wouldn't it be better to have a life debt free where you can move on and save a deposit and buy a house knowing you have a better chance of keeping it? You could move out and rent a place and just get back on your feet and work on your relationship which must have had a few knocks over the last year.

To me bankruptcy seems like a good option, you have tried to be fair to your creditors but take free advice as previously suggested

Bargain_Rzl

Quick word of warning re: Quidco - if it is your first time on Quidco and the Experian cashback payment is £5, this will be swallowed up by the Quidco annual admin fee. But on the plus side, it means anything else you get through Quidco in the next year will be all yours...

southernscouser

As others have said.

Post a current statement of affairs/accounts. This will give you and us an idea of whats currently coming in and going out.

Then once you have all the details of your debts post all of them.

Forgot to say that today is the perfect oppurtunity to start a spending diary. At the end of each day take a note of every penny you have spent and what you have spent it on. At the end of the month it gives you a great insight as to where you are overspending or just generally wasting money. It makes cutting back alot easier as you can clearly see the areas that can be improved the most.

smudgemanc26

Hi

Have you thought about going to the Citizens advice bureaux, they have really helped me and havent judged one bit. They helped me go through my income and expenditure wrote a financial plan for me working out how much i have to spend to pay off my debts and they even contact them for you (with your permission of course) to tell them how much you can afford to pay and hopefully stop any further charges being added.

This was really useful because everytime i told the creditors i couldnt pay the amount they was asking for they used to be horrible and unhelpful. Also any further correspondance goes through your advisor and you shouldnt get any threatening letters sent.

Good luck with it all

poppy10_2

misspoppy wrote: »

Hi

I know it seems like a great idea to be on the property ladder while prices are going up, but wouldn't it be better to have a life debt free where you can move on and save a deposit and buy a house knowing you have a better chance of keeping it? You could move out and rent a place and just get back on your feet and work on your relationship which must have had a few knocks over the last year.

To me bankruptcy seems like a good option, you have tried to be fair to your creditors but take free advice as previously suggested

Wrong thread???

immoral_angeluk

When you say you haven't ever paid a bill except for the odd rent.. what about your gas/electric, water, council tax etc? Can you break down what agreements you actually have a with who.. if you have internet banking that's a good way to see in black and white what's what failing that ask your bank for a few months worth of bank statements.

hypno06

Grab a pad of paper and a pen and keep it nearby, then everytime you think of something or someone you may or may not owe money to, jot it down. That way, when you speak to the CAB or CCCS etc (details at the top of this board) you won't forget all the stuff that came into your head over recent days.

Have a good rummage for any bits of paper that might give you clues while you are waiting for your credit report (sometimes they take a few days and it can be frustrating waiting because you want to get on top of this NOW!!)

Good luck and keep posting. The first step is always the hardest, and that is done now.

postingalwaysposting

a little bump... i just wonder how sean is getting on?