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Advice
geekachu
Posts: 2 Newbie
Between my partner and I we have around £11k worth of debt. We are currently on a payment plan with Stepchange.
We have two small children under 4 and even with 30 hours free childcare we are currently paying around £1100 per month in childcare alone, we are struggling to make ends meet and our incomings and outgoings each month don't add up.
I'm wondering if anyone could please offer any advice on how to make our budget stretch further and work better for us? Is there any chance of us paying off our debts sooner or should we just suck it up and wait until our children go to school?
We have two small children under 4 and even with 30 hours free childcare we are currently paying around £1100 per month in childcare alone, we are struggling to make ends meet and our incomings and outgoings each month don't add up.
I'm wondering if anyone could please offer any advice on how to make our budget stretch further and work better for us? Is there any chance of us paying off our debts sooner or should we just suck it up and wait until our children go to school?
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Comments
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Hi,
Do you own your own home ?
Any assets ?
Car worth £1000 or more ?
After all essential repayments, not including debts, do you have more than £50 left over ?
If you can answer No to these questions, you may qualify for a debt relief order.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
This is a duplicate thread, the other one has more details and an SOA already done0
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So i see !!I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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