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Debt Consolidation services
liamrsamuel
Posts: 1 Newbie
In February 2018, I met with a car accident in which I had a broken collarbone, cracked rib and a burst fracture in my spine. I required surgery and a back brace to be worn for 6 months following surgery and bed rest. It was a tough recovery, with a lot of sleepless nights. My parents had both passed away when I was in school, so I had to make everything happened in my life alone after their death. I had a ton of credit card debt and nobody knew it. And now I had become bankrupt. Heard there are debt consolidation services who could assist me to overcome this and I am in hunt for a trusted one to be debt free? Thank You
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Hi and welcome to the forum
I recommend the CAB, StepChange, Payplan or National Debtline. All of these organisations will provide you with a free and professional service.
If ever you need further encouragement, guidance or support, then please feel free to return to MSE with any questions you may have. I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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If you are currently bankrupt, why are you considering consolidation?
Or do you mean you are considering going bankrupt?
Debt consolidation services - this means that whoeveritis wants to give you or find you a loan at astronomical interest rates to clear all your debt with and probably also charge you a fortune in fees for finding/giving you the loan.
Not reccomended as it will just most likely increase your debt and leave you in a far worse mess than you are currently in.0 -
Can you clarify your current debt situation, your post is unclear, are you contemplating bankruptcy or consolidation as an option ?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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A bit unclear but if your bankrupt there's no need for help from a debt charity.
Your not looking for Debt consolidation services but a debt charity eg like those mentioned.0 -
OP any update on this? We're happy to help if we can but more clarification of your situation is needed.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
Balance as at 31/08/25 = £ 95,450.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0
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