help

pretzelgirl

hi this is my first posting,was looking for some advice ,i am getting married soon and my fiance has admitted he has debts of around twenty thousand,he has his own house and has been paying the debts back at small amounts as worked out for him by a ccc service,but he is worried that soon this will not be enough for them and he is afraid he will lose his home,can they do this as i said he is making payments to them but nothing major.i dont know what do do to help him as he is so stressed,the house is not owned outright it is still mortgaged,thanx in advance for any advice offered ,and for reading what is a long boring posting.

SarahNeedle1872

Hi pretzelgirl, welcome to MSE.....

Has ur OH only just confessed to his debts? Or did u know about them before? The best thing u can do is not be angry at him, as that won't make it any better. I would also suggest that u/he/both go thru everything and work out ur SOA (see Southern Scousers sticky at the top of the page). Post it on here and we'll see if we can help...

Sarah x

hypno06

Have a look at the CCCS website www.cccs.co.uk and they will give you lots of good information and advice. they are also very helpful on the phone, and it is freephone too!

pretzelgirl

am doing soa,thanx for advice given, this is all new to me and a bit scary...

SarahNeedle1872

I know what u mean.... I've only been here since Jan, and the first post was really:eek: but everyone here is so helpful and non-judgemental, so u'll be fine

Sarah x

pretzelgirl

hi me again! what are the general views about iva,s?? like i said this is all new to me and all very confusing.its hard to see the light at the end of the tunnel..plus i am hardly a maths wizz at the best of times..but i am boringly sensible,and once again everyone thanx, its good to know that people do care,as i am such a worrier,and i havent even told my family.

fistfullofdollars

IVAs should only be used as a last resort IMO.

CLAPTON

Whether an IVA is either suitable or even possible, depends upon the circumstances so its impossible to give that financial advice without the SOA.

RAS

Hi

How is the SOA going?

pretzelgirl

doing soa now,have been stalling it,theres nothing like writing it down ,to make you see how things add up tho is there,feeling v v v stressed,and sick.

RAS

Hi

Ar you doing it or are you sharing the stress and feeling sick?

If you are alone, then get him on the case as well. In the end he has to face up to it as well.

Once you have everything down, you need to do two things.

Go back to CCCS and see if they think his case needs adjusting.
Post up here as people are very good at finding a few quid here there and everywhere to pay stuff off.

have a lok at this thread for inspiration

http://forums.moneysavingexpert.com/showthread.html?t=285422&highlight=immoralangel

Whatever you do, do not consolidate and do not take out secure loans.

think, e-bay? Lodger (tax free income), part-time jobs?