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Really need help ASAP
Comments
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What a stressful situation, well done for bearing up and getting a job application in so soon.
When you get a new job, start putting money aside to build up an emergency fund- the usual advice is 3-6 months of outgoings, but some people have one or even two years worth - it's exactly for situations like these.
Statement of Affairs (SOA) link: https://www.lemonfool.co.uk/financecalculators/soa.phpFor free, non-judgemental debt advice, try: Stepchange or National Debtline. Beware fee charging companies with similar names.0 -
Thanks for all your support.
that is my plan.I know my debt isn’t anywhere near as bad as some?1 -
I’m just doing some business consultations to pay it off so I have got myself a client old friend who is paying me £50 per hour for my experience.1
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A lot of people have huge debts, so yes on paper it is not as bad as some. However, each debt be it large or small can be very stressful for the debtor, so it does not matter what the size is for getting help on here. You can get through it the same as so many of us have done.lostmyjobyesterday37 said:Thanks for all your support.
that is my plan.I know my debt isn’t anywhere near as bad as some?Credit card debt - NIL
Home improvement secured loans 30,130/41,000 and 23,156/28,000 End 2027 and 2029
Mortgage 64,513/100,000 End Nov 2035
2022 all rolling into new mortgage + extra to finish house. 125,000 End 20360 -
Sorry about your job and hope you find something soon. For now focus on priority bills first and if you can pay minimums then do so but only if you can afford it. If not I would contact the credit card companies and explain. They will give you probably 6 months breathing space. The balances are low so forget bailiffs. None of this will apply to you.Do you have a mortgage?I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
The 365 Day 1p Challenge 2025 #1 £667.95/£667.95
Save £12k in 2025 #1 £12000/£150000 -
I have a mortgage - the cards are all on interest free periodsenthusiasticsaver said:Sorry about your job and hope you find something soon. For now focus on priority bills first and if you can pay minimums then do so but only if you can afford it. If not I would contact the credit card companies and explain. They will give you probably 6 months breathing space. The balances are low so forget bailiffs. None of this will apply to you.Do you have a mortgage?1 -
Ok so focus on the mortgage as priority. Pay minimums on the cards if you can to avoid losing the 0% interest deals.lostmyjobyesterday37 said:
I have a mortgage - the cards are all on interest free periodsenthusiasticsaver said:Sorry about your job and hope you find something soon. For now focus on priority bills first and if you can pay minimums then do so but only if you can afford it. If not I would contact the credit card companies and explain. They will give you probably 6 months breathing space. The balances are low so forget bailiffs. None of this will apply to you.Do you have a mortgage?I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
The 365 Day 1p Challenge 2025 #1 £667.95/£667.95
Save £12k in 2025 #1 £12000/£150000 -
Can you post soas. I bet it's not as bad as you might think.
Mortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £55,819
Cc around £26000 -
Good luck with the job interview and the side hustles.
I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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STRUGGLING DURING THE HOLIDAYS??
click here for ideas on how to cope....Some websites and helplines if you're struggling this Christmas — MoneySavingExpert Forum0 -
Didn’t get the job but I’m now competing against my old employer and I’ve made more in a day then I make in a week so I am staying self employed:Brie said:Good luck with the job interview and the side hustles.
I think it could have been a blessing in disguise.0
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