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Being sucked into the black hole of debt
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No spare tins of tuna, but yours is the sort of situation we see all the time on debt free wannabe
Do a new post over there.
And in the meantime the best thing you can do is nothing1 -
I agree - get over to the debt free board and fill in a SOA (top stickies) and post it there for practical budgeting advice. The amount of debt is relatively small compared to some we have seen (or had ourselves) so there's a lot of good knowledge.
I also agree with applying for benefits. Citizen's Advice can help with that. And if you want to talk about face to face debt advice look at the Community Money Advice website. They might have a adviser near you or perhaps you can use their hub service instead. There's a bit more leeway for dealing with self employed at some centres.
Get help with debt or money problems - Community Money Advice
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
⭐️🏅😇0 -
Bailiffs? what kind of debts are they? are you certain they are bailiffs, because the scenario would have to have been, creditor takes you to court, granted CCJ, you failed to pay the debt, so creditors engaged a bailiff, is that the case? or are they just debt collectors?
Do you also owe council tax, is that what the bailiff is collecting?
You don`t need a loan for 5k, just some better advice.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it 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.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
StepChange don't offer help to the self employed, Business Debt Line only offer help to businesses.
That isnt right:
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@Poire if you got a loan to cover your debts, but you have no/very limited income, how would you repay the loan?
The only way to get yourself out of this hole is to either reduce your expenditure (and it sounds like you've done this) or to increase your income, either through your own self employment or by working for someone else. There isn't really another magic third way*.
*Obviously a lottery win, or an unexpected inheritance etc. might materialise, but I'd not be relying on those.1
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