Please help

harty_2

Hi I have recently lost my job where I was unemployed for 3 months but started A new one but for much less money me and my partner have several debts that we are now seriously getting into trouble with we have an unsecured personnal loan that has £4000 left to pay at £204 amonth, a secured loan that has £3000 left at £220 a month ,visa card that I owe £2500 which I can only afford to pay back minimum payments each month but the interest is £80.00 a month also capital one £1.500 minimum payments again and partners capitalone £2.000 which again is minimum payments a month but have to pay the interest .We own our house and have equity to roughly £60.0000.We tried to get a loan /remortgage on the house so we could pay back everything and leave us with just the mortgage to pay because it is all the interest that is wiping us out but the Chelsea said because we owe 2 months mortgage they cant help us .our mortgage is only £216.00 a month now so we was looking for an amount to pay all debt off if anybody can offer us advice it would be greatfully recieved thanks to all in advance ........

Butlers1982

That second link is spam so ignore it

contact a debt managment company and they will help you, eg, allclearfinance.co.uk

savvy

Second post deleted as it is a predominantly American site and therefore of little use to the OP.

Lizzy

Can family help with the two months missed mortgage ? and if so will Chelsea then consider a remortgage. I understand these credit cards are causing you difficulty and you want to keep on top of them but you must pay the secured debts otherwise you may lose your house.

You have about 13k worth of debt other than your mortgage, usually the min remortgage is 25k and you do not really need to take that much. Is a consolidation loan out of the question ? if you have not damaged your credit report you might be able to get one and reduce your payments by over half. If this would not help then you need to get help from a debt management company as stated above.

You can jiggle the amount you owe to make it manageable but really don't add to it by taking more than you already owe/need.

k1mmie

Not sure if it is the answer, but have you looked into IVA's. They seem to be the answer to some peoples problems, if you are working and need to wipe off a substantial amount of debt. As always there are always pitfalls and I would recommend that you look into all your options first. Good luck.

Stargazer_Lily

Try reposting this on the Debt Free Wannabe board. You might get more help over there with how to juggle your repayments.

Lil