I know I am not alone, but it feels like it

sourcrates

Ok, your debts, how old are the accounts ? when did you take them out, pre-2007 ? or later ?.
Are cross posted lol, ok that's good for you actually.

sourcrates

Hope2013 wrote: »

They ar credit cards and unsecured loans, all started way before 2007

Right, there is a way to get these people off your back, and give you a little breathing space, as your creditcards and loan agreements were taken out prior to April 2007, you send each creditor a CCA request, (this is a request for a copy of your original credit agreement for each account, under the consumer credit act 1974) template letter here :


https://www.nationaldebtline.org/S/sampleletters/sole-letters/Pages/Information-about-your-agreement-under-the-Consumer-Credit-Act-%28sole-name%29.aspx


Due to the age of your accounts, its unlikely the creditor will have the original agreement, they must provide you with a copy of your agreement, it must be signed, and it must include all prescribed terms applicable to your account, within the same document, even if they supply you with the correct paperwork, chances are it will be defective in some way, ie, have terms missing etc each request will cost you £1 statutory fee, this action will buy you some time, OP and it could mean that some, if not all of your debt may be unenforceable, I stress, may be unenforceable, wait and see what responses you get, in your situation, this is what I would do, it may make you feel a little better as well, and take away some of the aggravation you are getting, you need to get to grips with this straight away, if the debt is proved to be unenforceable it doesn't go away, it means the creditor cant obtain a CCJ against you in court.

longtermplanner

Hope2013 wrote: »

selling is not an option, that is my worse nightmare, that I will end up homeless.

ok, but step back a minute and look at all your realistic options.

How much equity do you have in your house? If it is little or none, then you may be able to go bankrupt, lose the unsecured debt and keep the house.

If you have a lot of equity bankruptcy won't work. But selling the house could solve all your debt problems and won't leave you homeless as you will be able to afford a deposit to rent somewhere.

With a lot of equity, a very long term DMP is not a good idea as your creditors can get fed up and go for CCJs then charges over your house. If this happens you then lose the ability to sell the house and clear the debts with a full&final settlement.

An IVA won't work as you don't have enough income.

Relying on the government to pay your mortgage may run into trouble later as they are talking about making Support For Mortgge Interest payments a loan not a benefit.

Letting you stay in your own house is one of the important aims of debt advice, but you must look at all the possible choices. You aren't doing your own health or your kids any good by clutching at straws and trying to delay things.

sourcrates

longtermplanner wrote: »

ok, but step back a minute and look at all your realistic options.

How much equity do you have in your house? If it is little or none, then you may be able to go bankrupt, lose the unsecured debt and keep the house.

If you have a lot of equity bankruptcy won't work. But selling the house could solve all your debt problems and won't leave you homeless as you will be able to afford a deposit to rent somewhere.

With a lot of equity, a very long term DMP is not a good idea as your creditors can get fed up and go for CCJs then charges over your house. If this happens you then lose the ability to sell the house and clear the debts with a full&final settlement.

An IVA won't work as you don't have enough income.

Relying on the government to pay your mortgage may run into trouble later as they are talking about making Support For Mortgge Interest payments a loan not a benefit.

Letting you stay in your own house is one of the important aims of debt advice, but you must look at all the possible choices. You aren't doing your own health or your kids any good by clutching at straws and trying to delay things.

Longtermplanner, all the OP`s debts are all pre-2007 credit agreements, which means the accounts may be able to be challenged for unenforceability, with the OP`s health and income issues this is probably the way to go for the time being without the necessity of her losing her home.

its_maths_not_magic

I couldn't just read and run. I can see how stressed you feel. I would strongly advise talking to the national debt help line (its a free call) and possibly stepchange again to see what you can do about your financial situation.

As for your mental health problems, please seek professional help. Sooner rather than later. Depression can be a serious problem, but it can also be treated. There is no shame in reaching out for help during a dark time, that's what its there for.

floozy44

I just wanted to pop by and give you a hug:grouphug: too.

Yourself and your children are the most important things in the world.People on here are fab and they will give you fantastic advice.