Help/ advice needed please

Brett88

Hi thank you  i apologie  also , just probley being over sensitive 
just really really stressed.
Ive  ran out of payment holidays on the loans after this month.

Ive extended holiday morgage for a further 3 month.
Atm  i have never missed a payment on any debts but that will change in the next few month  so i will take your advice with the tokken payments moving forward.
Bankcrupcy i have thought off but been so reckless on  loans   Lied etc
gambled been on holiday etc
i have been very very depressed last year or so  and had a zero care in the world   Which is wrong of me.

kimwp

Understandable to be sensitive in the situation - it's really hard to bare any part of our lives to be looked at, even more so when we feel we have messed up. It's great that you spoke up and said how you felt and even better that you have stuck with us. 
Team  = Together Everyone Achieves More

I can help with budgeting advice, but I'll leave the IVA/Bankruptcy/creditor payments advice to those who know more. Just know that there is nothing wrong with starting again. 

sourcrates

Brett88 said:

Atm  i have never missed a payment on any debts but that will change in the next few month  so i will take your advice with the tokken payments moving forward.
Bankcrupcy i have thought off but been so reckless on  loans   Lied etc
gambled been on holiday etc
i have been very very depressed last year or so  and had a zero care in the world   Which is wrong of me.

No one who goes bankrupt has done so because of a perfect credit history, far from it, reckless behaviour is the norm, you would only be rejected if any kind of fraud was involved, which is not the case with you, it may be a way out of this for you, but i emplore you to run your situation past National Debtline, and be careful, as there are many fake wanna be sites with similar sounding names.

This is their website -

https://www.nationaldebtline.org/

ND will give you free, advice on your options, they are impartial, and have nothing to sell you, so the advice given is always in your best interests.

Don`t do anything until you have spoken to them, or someone else with no interest in selling you anything.

Brett88

 Renting doesnt bother me to much if need must. What really does is knowing im not  leaving my children anything when i die.

Brett88

Thank you.
I have tried to sell the house be ore but to no luck. If i Give the car back  am a right  in saying they will chase me for the difference.
A feel sick at the thought of what is to come.

DiamondLil

Brett88 said:

 Renting doesnt bother me to much if need must. What really does is knowing im not  leaving my children anything when i die.

Trust me, your children would much rather have a happy, healthy, penniless dad than a wealthy dead dad. And I'm guessing you are still very young so plenty of time to build a worthwhile legacy for your children.

Weimsrock

Brett88 said:

 Renting doesnt bother me to much if need must. What really does is knowing im not  leaving my children anything when i die.

With 3 children under the age of 3 you have plenty of time to worry about inheritances. What they need for the next 15 years is food in their bellies and the love, support and experience of their parents. They won’t even comprehend what a mortgage or inheritance is for many years. Focus on giving them the best life now not 40 years down the line

Brett88

I know it makes sense.
Just really hard when all friends round me av mortgages and im just in financial mess.

Would be alot easier if i could get a council house or something  for a bit of stability but that will never happen not that lucky.

kimwp

We never really know how our friends are doing, they might be in similar situations for the same or different reasons. Plus they might be unhappy in their relationships, have unbearable kids, etc etc. Hopefully not, but we all are all dealt a different hand - all you can do at any point is your best to figure out the right action then get the ball rolling. I think you'd have a better weekend if you called National debt line in sourcrates post today - then you can spend (figuratively not literally ) a lovely weekend with your family

sourcrates

Brett88 said:

I know it makes sense.
Just really hard when all friends round me have mortgages and im just in financial mess.

Looks can be deceiving, chances are a lot of them will be in debt up to their eyeballs as well, trust me you are not alone in this.