Last minute jitters - please help!

norserose

Well, as the title says, I'm getting the fear and starting to wonder if I'm mental for going BR.

I'm due in court on Tues. I've just worked out exactly what I owe and it's £15k, plus student loan of £6k (which I know won't be written off) so I'm only going BR for £15k...

I'm fairly sure I'm doing the right thing, but it doesn't sound much to go BR for. I've paid off £3k in 2 years vis the CCCS but whilst on maternity leave with no income my payments have dropped right down. When I go back to work I'll be on much less as I'm only going back part time. I'm also hoping to have another baby in the next year or so so will find myself back on mat pay again which is rubbish (I only get stat and it's not the best.)

My credit rating is going to stay screwed for about 10 years or longer if I keep paying it off as I am now. If I go BR as far as I can tell my credit rating will only be wrecked for 6 years.

God, I dunno, I just don't want this hanging over my head forever. It's really affecting me at the moment, I keep waking up in the night panic stricken and desperate for all this crap to be over. I'll still have a debt of £6k but at least that's manageable.

Do you think I'm doing the right thing? I know it's not a lot of money comparitively speaking but if I can't pay I can't pay.

Help!

(No posts from Broken Hearted on the subject please - I don't want this to descend into another petty row and I'm sure you have nothing to say that I will want to hear. Thanks.)

fermi

norserose,

The amount you go BR for so much depends on individual circumstance as £15K for some may as well be £1 million.

You need to look after your future, and that of your family. If that means going BR then so be it. Don't let anyone put you off doing what is best.

You are taking positive steps to sort the situation out and bring some stability to your family.

Good luck, and you know where to find help if you need it.

sweedart1

Hi

I went BR yesterday, i also had 15k of debt. I feel so much better already. I can now start having a life again with my 2 children. If i hadnt of gone BR i would still be paying off my debts when my children were about 20!!! Best decision ive made....

Hope this helps, good luck

Sweedart1

wherediditallgo

I don't think anyone else can advise you whether you're doing the right thing, but I'm sorry you're having a shaky time - I had that right up to the night before I went BR. The way I got round it was to think what I had to look forward to for the next 6 years if I didn't go BR - my debts would have been around my neck for a good 12-15 years, but my health was already getting worse & I didn't think there was much chance of me being able to continue working for another 3 years. If I had to give up work, I'd be going BR at that point, meaning I'd put myself through 3 years of stress & ill-health, & would have another 6 years of a rotten credit rating on top once I went BR.

You've got to weigh up the pros & cons for yourself in your situation. You've got a young baby, & hope to have another one in a year. Can you afford to have the stress of your debts to deal with on top of raising one possibly two children, who are going to cost you money & with you being on a reduced income? Think of all the things that might cost you money during the next 6 years - need to move home, repair/replace the car, OH not working for a bit. Can you cover all of those possibilities?

I suspect this is a case of last minute nerves, but you do have to think about those things. I left home the morning of my hearing feeling like my world was about to end, & the world I knew did, because I haven't felt this stress-free in years.

Bakeybadoo

I went BR for just over £4k. Being on benefits and unable to work, I saw no way out. And we have 2 small children so the situation wouldn't be improving any time soon.

As fermi said, it's not about the amount, it's about your individual circumstances.

Totally normal to feel on edge and jittery about what you are about to be doing, I'd be more concerned if you had no emotion.

Good luck, just think how you'll feel once it's over with and you have nothing to fear from the post or when the phone rings.

norserose

Thanks so much guys, that's what I needed to hear. It just shook me a bit, I thought I owed £17k but when I added it up it was less. Still, it's too much.

Time to steel the nerves and look to the future! I'm so glad things are on the up for all of you, everyone here's so lovely and I wouldn't wish this stress on my worst enemy!

lots of love.

x

Remmer

It's a welcome relief after a few days but you'll feel strange at first. Remember it's a new start and look how long it took me to be discharged

rufus79

The amount is, to an extent, neither here nor there - its an amount you cannot afford to repay. When I get to court in a few weeks time, I will be going bk for £31k. Had I done it years ago, for 9k, my life would be back on track now. Keep strong, this is not a decision you have taken lightly.

Richard_S

Hi norserose,

You've agonised enough actually getting to the point you're at now. I'm sure deep down you know you're doing the right thing; nobody can stop the last minute butterflies, just try and get them flying around in the same direction

Richard

bluezone

You may have last minute jitters - I think all us people who have gone BR did but trust me if its your only way out then dont worry about it and just keep thinking of the blo*dy good night sleep you will have tuesday!