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Large amount of debt and don’t know what to do
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I had forgotten you are unable to work. If you sell your home where are you and your family going to live? You won't be able to get another mortgage without income.
Can you please take another look at your SOA before going down this road?0 -
This doesn’t feel like the right thing to do. You don’t work so it is just your other half’s salary, and you have 2 kids.Har4569ni said:He everyone,
just a quick update on my situation. I am currently putting my house up for sale to gather money to pay the debt thanks to everyone for any advice I really appreciate it.
Where are you going to live? As @kimwp said, it’s effectively just turning unsecured debt into secured debt.
There are still other, less drastic options available to you.I’m a Forum Ambassador and I support the Forum Team on the Pension, Debt Free Wanabee, and Over 50 Money Saving 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 e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0
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