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  • Initially I was going to use StepChange but I have been following others stories of managing alone so might be tempted to do that. I haven't started yet as would like an emergency fund so trying to stall things a little. But when I get a letter from a creditor which seems quite scary, I use the DMP board for advice and people have been so helpful :T


    sounds like your pretty much in the same position as me right now, im also currently trying to build up a fund, but I have been getting some of those scary letters as I haven't spoken to creditors either by phone or letter
  • MallyGirl wrote: »
    how old are the children? That seems a lot to spend on them in your situation - particularly at xmas when they will probably get presents from other family.


    the children are 8 and 11
  • sounds like your pretty much in the same position as me right now, im also currently trying to build up a fund, but I have been getting some of those scary letters as I haven't spoken to creditors either by phone or letter

    I have started to send my letters and only one creditor was being annoying. They sent a letter last week saying they were going to visit my home :eek: so I called them and it seems their departments just had not communicated my letters and they were really nice in the end. Put my account on hold for a further 30 days. I will be back here in a few weeks getting advice on how to stall further!
    DMP Started June 2016
  • thegreenone
    thegreenone Posts: 1,205 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Your SOA doesn't give your debt repayments. Is all, or more, of the £527.01 taken up with repaying the unsecured debt?
  • Your SOA doesn't give your debt repayments. Is all, or more, of the £527.01 taken up with repaying the unsecured debt?

    Yes as it stands at present if we were to make minimum payments on all cards it's approx £650 a month
  • thegreenone
    thegreenone Posts: 1,205 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I apologise. I skim read, not helpful.
  • As you appear to have no property and the debts are soley yours had you considered Bankruptcy or is this not an option?
    svc
    SCP # 034
    The £1000 emergency fund #59
  • As you appear to have no property and the debts are soley yours had you considered Bankruptcy or is this not an option?
    svc

    To be honest I'm willing to go down which ever route is gonna get me out of this mess the soonest so I can start and live my life stress free again. I don't really know how bankruptcy works if I'm honest
  • ytfcmad
    ytfcmad Posts: 387 Forumite
    Part of the Furniture 100 Posts Name Dropper
    As you appear to have no property and the debts are soley yours had you considered Bankruptcy or is this not an option?
    svc

    Why? Why shouldn't he do what just about everyone else does and pay back what he borrowed?

    Even if that takes the rest of his life.
  • ytfcmad
    ytfcmad Posts: 387 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Fishfinger, what did you spend £32k on and still have nothing at the end of it?
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