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How can I reduce my payments?
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Hi Everyone, looking forward some advice as I’m in a complicated situation - I am recently divorced and have had to take a loan in order to pay for solicitor fees etc. However, my ex had agree to pay off the joint account and credit card and has failed to do so. I have had to continue to make monthly payments to these in order to prevent further penalties to my credit score as I am jointly named on the accounts. HSBC have refused to help on this matter. So I am now paying off my loan plus credit cards plus a joint account debt which totals £800 per month.
My question is how do I reduce this payment? I am self employed and have 3 incomes so my salary is slowly building to a decent amount and I am making good progress but I only have 2 years of accounts for 1 of these businesses. I would like to consolidate all the debt and make the monthly payments smaller so easier to handle but my ex has left me with 3 late penalties in my credit score which are now over 5 months old....help and advice much appreciated! Thank you