where to start, s.o.a. included

zippygeorgeandben

Nurseries are closing down at an alarming rate due to financial difficulties so, and as someone who works with young children, I'm sure they would appreciate you paying this debt as a priority.

JayRitchie

Nomes23x wrote: »

Hi Andy, most of these debts are from back in 2014 which my ex partner left me with he has no intention to helping me pay it off! But he was clever and put everything in my name and I was naive enough to let him as I was only 19! I’m off to citizen advice tomorrow to see my best options.

So you are only 24 now? What type of work do you do at the moment and what sort of jobs might you want in the future?

Nomes23x

Jay Richie- I am 24, two young children aged 2 & 4 I work 16 hours at Greggs, I’m looking into a free admin course at my local college so when both my children are in full time education I can improve my job! But my little boy won’t be in reception for another 2 years

Louoffofsparkle

I would have a look on the Stepchange website and use their calculator to see what solutions are recommended. Then, this is the scary bit, give them a phone.

I agree with selling at least one of your phones as that will save you a bit monthly.

JayRitchie

Nomes23x wrote: »

Jay Richie- I am 24, two young children aged 2 & 4 I work 16 hours at Greggs, I’m looking into a free admin course at my local college so when both my children are in full time education I can improve my job! But my little boy won’t be in reception for another 2 years

Hey. cool - you are young and have a few years before childcare costs become more reasonable. I hope you've been able to get some good advice from Citizens Advice or others. This is not my area of expertise but I think you should consider bankruptcy. Have a look at the downsides to make sure it doesnt have too big an effect on any future ambitions you might have.

The benefits are huge in your case. I think your SOA looks very tight. Might be ok for a year to get onto your feet but for longer term it looks a real struggle. The faster you do this the faster you get out of the other side (and cut out the horrible payments you are making at the moment).