Loads of debt after breakdowns

Tommy95

Hi everyone,
I've had a bit of a hectic 2 years and at the end of it I've ended up with quite a bit of debt. I've recently moved back into my parents so I can be a little bit more stable but my outcome still comes to around £450 p/m and I'm bringing in just £270-ish from Universal Credit. Because of my mental health there isn't much work for me.
Debts (total £7480):

• £4700 to bank - £220 per month
• £380 overdraft - around 0.62p charge per day
• £1291.80 credit card - £25 per month
• £1518 credit card 2 - £40 per month, missed direct debit!
• £300 to family, can wait for a bit
• £350 to friend, £75/month but she's understanding about late payments etc. 

Bills:

• £58 car insurance/month
• £14 car tax/month
• £15 phone bill/month

Income is around £270 from UC... I've applied for PIP due to mental health but I've been waiting ages for the letter so I'm not sure when I'd get a payment IF I even got one.
Also I've never claimed benefits until recently but my mental health has plummeted worse than ever, I was sectioned last year and I've been struggling ever since.
If anyone has any advice I would really appreciate it! I know I'm not in the right place to make major life decisions but hopefully I can go back to uni in September (best position to be in when struggling with mental health IMO as I can focus on myself whilst still being productive). 

EimearF

Hi sorry to hear you are in this situation.
You cannot afford your repayments even without allowance for food or petrol. (you car insurance is very high)
Speak to a charity like stepchange and see about a debt management plan.  

sourcrates

Prime candidate for a debt relief order.

You have less than 20k of debt
You are not a homeowner
How much is your car worth ? for DRO purposes it can`t be more than £1000
Do you have assets worth more than £1000 ?

You also need to have no more than £50 disposable income left at month end, not inc debt repayments.

A DRO is ideal for people with no assets and who are on a small income.

Retireby40

When was the last time you were in full time employment? Did you voluntarily leave that position because of your health or what was the situation.

Did you apply for the credits before you left your full time job or after to survive?

It's good you are back with parents but your never going to clear those debts on benefits. You definately need to speak to someone like step change to guide you.