Debts Won't Be Paid In My Lifetime?

dj9928

Is there anything I can do? CCCS said my debts wont be paid in my life time, We owe £14k, but they worked out all we can pay is £75 a month £5 to each of our creditors everymonth, I get £200 a week which is awful but believe it or not its more than 99% of the other jobs around here, what can we do short of leaving the country??

trying-very-trying

You should really pop up a soa see here:http://forums.moneysavingexpert.com/showthread.html?t=107280

I'm sure the wise and wonderful will soon show you ways to cut back! It can be done, and remember you never know what the future holds.

a11waysindebt

I have one debt, which will take from what I can remember 144 years to pay.

GingerSte

Hi dj9928,

If CCCS have told you that (assuming it's the Consumer Credit Counselling Service rather than that company using their initials), then I'm sure they will have given you some very sound advice, and would suggest sticking to it.

It may be possible for us to help you reduce your outgoings. If you post a statement of affairs (see the sticky at the top of the board for details - it's basically a list of your incomings and outgoings which we pick apart and try and save you money), we'll get right on it.

Jacks_xxx

:wave: Aww sweetie, you sound a bit fed up.

The thing is, what the CCCs says is based on your circumstances now - but things change. kids grow up, people get pay rises or new jobs, benefit entitlement changes, Rich rellies leave you a fortune....

It's possible that bankruptcy might be a better option for you.

If you give us some more details - or post them on the bankruptcy board, somebody will be able to advise you.

Welcome to the gang!

Love Jacks xxx

trying-very-trying

a11waysindebt wrote: »

I have one debt, which will take from what I can remember 144 years to pay.

At least your debt dies when you do(sorry it's my sick sense of humour that I had totally lost when I was in the position you are in now)

RAS

Hi

Since you rent, have you considered moving to get work? As a trademand, you might get more than you do now, alough the large number of East European workers have reduuced the sky high rates some were getting.

dj9928

RAS wrote: »

Hi

Since you rent, have you considered moving to get work? As a trademand, you might get more than you do now, alough the large number of East European workers have reduuced the sky high rates some were getting.

Yep thats my major problem, I should be getting double what I'm getting and I was getting it at a stage hence why I didn't mind getting into debt as I could afford it, now I can't. I'm just in one of my moaning moods tonight, you just get fed up with it every now and then, I mean I have £5 left to myself this weekend,

GingerSte

dj9928 wrote: »

Yep thats my major problem, I should be getting double what I'm getting and I was getting it at a stage hence why I didn't mind getting into debt as I could afford it, now I can't

It sounds to me like you're going through a bad patch. Circumstances may be bad at the moment, but I'm sure that things will improve for you.

In_Search_Of_Me

I would suggest having a sorting weekend; is there anything you can sell? Did they offer any advice on what to do about the situation? It woud sound like bankbupcy (? sp!) may be a viable option & if you own no property have no house to loose? Bug hug for you; it must feel desperate....

dj9928

fishface-69 wrote: »

I would suggest having a sorting weekend; is there anything you can sell? Did they offer any advice on what to do about the situation? It woud sound like bankbupcy (? sp!) may be a viable option & if you own no property have no house to loose? Bug hug for you; it must feel desperate....

Bankruptcy really is an option, its just we live in a small village with small minded people and there is a stigma attached to it, they would all talk about us, its the type of place where everyone knows everyone elses business