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DEBT/DONT KNOW WHAT TO DO

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DEBT/DONT KNOW WHAT TO DO

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Hi I am embarrassed writing this but need advice please. Basically I am useless with money, too generous helping everyone out, giving it away (even though it was cards). I have suffered depression still am, gambled and basically in a mess. I work and  earn around 2,400 a month and am now in a vicous circle. I am left with around 150 a month. Credits cards are near 600 a month and loans 450. I cant remortgage as have utilised all that. I rang the credit cards for help, not very helpful. I Dont want work to know im in debt or anyone, too ashamed. I dont know what to do. Can anyone offer advice. Thankyou an embarrassed self inflicted disgrace. Thankyou
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  • edited 6 April 2020 at 6:20PM
    Willing2LearnWilling2Learn Forumite
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    edited 6 April 2020 at 6:20PM
    Hi,

    The simplest way to start is by completing your Statement of Affairs (SOA).  If you click on the 'format for MSE' button near the bottom of the form, then you can copy & paste the whole lot into this thread.  :)

    Edit:  And there is nothing to feel embarrassed about...
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • ronnies6ronnies6 Forumite
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    Hi just a question as the credit card companies were not helpful...is it better to contact step change to get help or is it best not to pay this months card bills and hope they offer intetest freeze? Sorry so worried and sleepless nights. Thanks
  • ronnies6ronnies6 Forumite
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    Sorry should read interest freeze
  • DCFC79DCFC79 Forumite
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    Fill in a statement of affairs as suggested.
  • ronnies6ronnies6 Forumite
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    Hi im going to do the Soa later as im in work. How do you paste it so it can be seen? I  was thinking of getting a secured loan if I can but dont think theres much if any equity. Rather than my credit file look bad with a DMP. Really in a mess all self inflicted. Anyone know a decent secure loan firm? Thanks
  • ronnies6ronnies6 Forumite
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    Just dont want work to be contacted or know my business
  • fatbellyfatbelly Forumite
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    Definitely do NOT take out a secured loan.

    We don't know what the answer will be until you post that soa. But itt won't be a secured loan!
  • DCFC79DCFC79 Forumite
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    ronnies6 said:
    Hi im going to do the Soa later as im in work. How do you paste it so it can be seen? I  was thinking of getting a secured loan if I can but dont think theres much if any equity. Rather than my credit file look bad with a DMP. Really in a mess all self inflicted. Anyone know a decent secure loan firm? Thanks
    Dont get a secured loan.
    If your income were to suddenly drop your home would be at risk.


  • DCFC79DCFC79 Forumite
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    ronnies6 said:
    Just dont want work to be contacted or know my business
    Your employer wont know about your issues unless you tell them.

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