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Desperate times, I see no way out of debt

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  • dancingfairy
    dancingfairy Posts: 9,069 Forumite
    edited 7 May 2015 at 9:35PM
    If you do what was suggested a few post ago and send all your creditors a letter (ignoring the guaranteed loan) and send token payments of £1 then hopefully you will have a bit to put towards a deposit? You would have approx £1,500 which should be enough.
    Given how much you are spending on rent, bills and travel to work can you live more cheaply by moving? Would you landlord be prepared to let you leave early (perhaps if you find someone to replace you)?
    There are ways to sort this.
    df
    Making my money go further with MSE :j
    How much can I save in 2012 challenge
    75/1200 :eek:
  • andyfromotley
    andyfromotley Posts: 2,038 Forumite
    You are working up to 15 hours a day, including travel (75 hours per week) plus working weekends yet take home £1500 per month, which equates to about £22k.

    That is not an efficient use of your time. You need to find a new job or career, investing that much time and effort for that ampunt of reward is crazy. You need to reassess your life and make some fundamental changes.
    £1000 Emergency fund No90 £1000/1000
    LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
    !
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