Need some advice please

Jburn · 15 September 2016 at 7:12PM

The total amount I owe is £93K. All CC or OD. The debt has been there for about 10 years. I was never too worried about it as I had a very well paid job.

Then I lost my job 4 years ago.

In the beginning I was still not too concerned as I thought I would get a job quickly. I did get another job, with a salary less than half of the original one. I took the job anyway but it was hard as I could not meet the monthly minimum payment.

Instead of seeking help or advice, I used one card to cover another and keep repeating the trick.

And I lost my job 2 months ago.

I used the debt remedy tool on Step Change and it advised me to do a token payment plan.

My question is: would the creditors really sit back and just accept my plan? If 3 months down the lineI still could not get a job. What is going to happen? Should I just take the plunge and go directly for bankruptcy now?

Another question: will I lose my Tesco Club Card points? What about M&S? And how about my BA mileage points?

Thank you for your help!