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Newbie
Singlemum47
Posts: 19 Forumite
Newbie here. I need help and support with my debt free journey, where do I post please? 
Current Debt £39,000 Aiming to be debt free in 4 years:T
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Comments
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Hello Singlemum47 and welcome to the forum
If you are looking for general advice to do with busting some debt, then you have already come to the right place. What specific advice are you seeking? I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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Singlemum47 wrote: »Newbie here. I need help and support with my debt free journey, where do I post please?
Here is as good as anywhere......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 -
Well I’ve written to all my creditors with an offer of what I can afford to pay. I’ve also spoken to Step Change. How likely are my creditors will accept my offer?Current Debt £39,000 Aiming to be debt free in 4 years:T0
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That all depends.
Have all the accounts defaulted and with Debt Collection Agencies? (if yes, what are the default dates?)
What percentages have you offered?I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
They are all up to date. But I can’t afford the minimum payments going forward.Current Debt £39,000 Aiming to be debt free in 4 years:T0
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Offered roughly a third of what I should be paying. For my two loans I offered half and they were accepted. It’s my credit cards and next account.Current Debt £39,000 Aiming to be debt free in 4 years:T0
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Got it. So you cannot afford your minimum contractual payments and are looking to come to some sort of arrangement to pay? Have you got temporary cashflow problems or is this a more deep-seated budgetary problem?
I think the best place to start from would be for us to look at your full financial statement. If you could complete an SOA (Statement of Affairs), and post it up here, then we can give appropriate advice, guidance and support. I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
Ok will do. It’s a big mess if I’m honest. It’s all caught up with me and I can’t afford the high rent on my property.Current Debt £39,000 Aiming to be debt free in 4 years:T0
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I suggest you send your all your card accounts and your Next account holding letters. That way can stop paying them temporarily. That should give you a little breathing space.
Whatever you do, pay your rent. Do not skip rent payments. Your rent should be your priority.I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
Yes I’m paying my rent. I’ve offered my credit cards a monthly payment and I’m keeping my fingers crossed, thanks for your help.Current Debt £39,000 Aiming to be debt free in 4 years:T0
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