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Hi Im Chris. I am in alot of debt. Im not in debt crisis yet but with work cut backs i will soon be. My wife is aware but i need to talk to someone outside my family about it. 

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  • My business failed in April last year, i know owe £36k to ths bank and i have another £40k in personal debt that i use to try to save the business, totaling £76k, i do have a good salary of £88k per year based on a 55 hr week. With my household bills, i have £50 per week left over, work is looking into at cutting our hours and i would lose £300-400 per week then putting me into debt crisis. I have a loan, 6 credit cards. I have done a balance transfer to 0% and im trying to over pay the loan in hope.of freeing up £170 pm. 
  • mumtoomany
    mumtoomany Posts: 1,526 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You really need till at this in the main debt free wannabes forum. This is a sub forum, debt free challenges. You'll get lots of help over there. Good luck, mumtoomany.
    Frugal Living Challenge 2025.

    Grocery challenge, £1300 food plus £200 cleaning materials etc, for the year.
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