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Sell up and have a clean slate?

RosieGlow74 · 2017-08-04 15:24:14

Hi all, I've been lurking here for a bit and unsure whether to post but what's the worst that could happen?! I live with my partner and young daughter. We have a mortgage and unsecured debts totalling £167,000. Our unsecured debts are £44,000 and we're currently in a DMP, but it's going to take until 2044 to clear it all!…

Comments

enjoyyourshoes Posts: 1,093 Forumite

16 November 2017 at 10:00AM

So selling the house is to pay off debts, similar to consolidating your debts with a loan?

Why have you got yourself into the same pickle as before?

You both need to sit down and work out where your money is going and resolve those issues first, then tackle the debt.

Unless you are pushed I would not advocate selling the house to resolve the debt, as thats a symptom.

Debt is a symptom, solve the problem.
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