Writing to creditors individually

Pollyanna79

and I have my asda loan £334 so I guess default on that too (it's unsecured). so just...stop paying? and ignore calls/letters? I will chase the Dr about my form today

Pollyanna79

or swallow my pride and ask my Mum if I can borrow it? but everyone would know...it would be a family wide decision, not her on her own. just for transparency, she can afford it with millions to spare (literally)

ManyWays

If your mum has literally millions to spare, ask her if she could give you (not lend) some money to clear your debts, say you are happy for that to be taken off your share of any inheritance.

Otherwise do not borrow from family rather than go for a DMP for all of those debts.  You need to move your banking to a bank you dont owe any money to and also stop paying the barclaycard

Pollyanna79

Curious in your answer @ManyWays…why do you say not to borrow from family? She wouldn’t charge interest, and it would stop me impacting my credit report for 6 years? Thanks 

ManyWays

In general, because some of the biggest messes we see here are people who have ended up owing debts to family. It makes it harder to make arrangements with your other creditors. And can lead to you carrying on  borrowing more than you can afford, as lenders can't see this other debt you owe.

And for you specifically, this looks a disaster. Your credit score is not your big problem, this is:

Total monthly income.................... 4,040

Expenses (including HP & secured debts). 4,447

If your mum is rich and can give you money to clear all your debts AND also give you £400 per month to sort out your expenses / spending gap that is different....

But just borrowing 20k or 30k from her that you have no realistic prospect of repaying because you cannot afford to live at the moment is a very bad idea. Because those credit card bills will be going up again, fast.

Pollyanna79

I see exactly what you mean @ManyWays, but my thinking is my card repayments of £8-900 per month will stop, so that is how I will be able to get back into a good position 

ManyWays

Yoiu can stop those by just stopping paying them. But you will not be able to get back into a good position until you two have enough income coming in to pay your essential expenses. But at the moment you are hundreds of pounds a month short of you pay nothing at all to loans or credit cards.