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Help with loan

Marrs25
Marrs25 Posts: 7
First Post
Forumite
Looking for advice on what I can do if anything, I've currently got a personal loan which with interest in around £10,500 without interest it's £8307, I'm currently paying £188.75 per month with about 50 odd payments left, I took it out in a time of need to consolidate a few debts into one payment, since this 8ve split up with my wife and now live on my own so all the bills are 100% me not 50% anymore which is making it hard financially to survive, I want to somehow have lower monthly payments but no matter where I look I can't get approved for money transfer and I can't use 0% credit cards to cover it what if anything can I do as I'm seriously on the verge of financial ruin, I work but recently hours have been cut back a little so im working 6 days a week to break even with my bills some weeks not eating enough as I struggle to afford shopping, I wish I had never got the loan now, any help or advice is appreciated. Thank you 

Comments

  • fatbelly
    fatbelly Posts: 24,129
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Forumite
    This is a debt question, the sort we deal with on debt free wannabe

    If you cannot afford the contractual payment then you stop paying it

    Ask more over on dfw
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