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Secured and Unsecured Debt

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  • thelibrarian11
    thelibrarian11 Posts: 146 Forumite
    Fourth Anniversary 100 Posts Name Dropper Photogenic
    £1 each! I learned another thing again today, that gives me another option. Realistically it's going to be a negotiation and doing what HMRC and Business Debtline tell me until it's gone, but I just understand the whole thing now. Thanks again everyone, you're superstars. 
    Debt owed
    22/08/2024: £25577.87
    22/04/2025: £19646.78
    Difference: -£
    5931.09
    Percentage of debt paid off: 23%
    Diary - A Lifetime of Debt
  • kimwp
    kimwp Posts: 2,980 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    Can you work freelance again or sell anything to raise the money? Obviously put aside money for the tax on any new freelance work!
    Statement of Affairs (SOA) link: https://www.lemonfool.co.uk/financecalculators/soa.php

    For free, non-judgemental debt advice, try: Stepchange or National Debtline. Beware fee charging companies with similar names.
  • thelibrarian11
    thelibrarian11 Posts: 146 Forumite
    Fourth Anniversary 100 Posts Name Dropper Photogenic
    kimwp said:
    Can you work freelance again or sell anything to raise the money? Obviously put aside money for the tax on any new freelance work!
    Yep working on it!
    Debt owed
    22/08/2024: £25577.87
    22/04/2025: £19646.78
    Difference: -£
    5931.09
    Percentage of debt paid off: 23%
    Diary - A Lifetime of Debt
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