help help help

ginalove

to cut a long story short we have been really foolish , we met late got a morgage then everyone gave us lots of credit which of course we spent we now owe over50k 80k on the house nor rock want repossession council have called baliffs elec/gas want to put a meter in £15 a week each before we pay for any gas/elec dont know what to do . in defence my oh lost his job in july we just about juggled well till then , he has another job slightly less money but all this stress has put me on the sick . we have three lovely kids the main aim is to have as little disruption as pos for them. we do have a dmp with cccs but have avoided review i dont want all the calls to start again ---call me an ostrich but i dont know if i can cope with whats to come,we pay out approx 1500 without any food or sundries incoming is around 1700 asyou can see itsnot good . should we sell the house and rent quickly or sit on it and wait for the proverbial s--t to hit the fan! help!

Beblong

Hi there

Can't offer you much help I'm afraid but I'm sure someone more knowledgable will be along shortly.

It sounds as though you have a really tough time at the moment - do you have much equity in your house?

philnicandamy

Have you contacted any of the Free helplines in my sig below?

Richard_S

Hi gina,

You really do need to speak to a professional advisor, and see what they advise.

How much is your house worth? Even if you do decide to go the bankruptcy route you may be able to keep your house.

Richard

madoldbat

Hi Ginalove!!
Can only say what the others have it is vital you get indipendant free advice from the charites listed in Phils and Richards sigs.
It takes a lot to admit you have made mistakes and need help.Well done in taking your first steps.
Once you start asking questions and getting helpful stright advice you will begin to feel your taking controle again.
Your health and wellbeing of your family are paramount and we all understand you dont want your children dissrupted if poss.(we have 2 and bless when we explained what,why & how they were supportive and understanding,Im sure your will be to) but sometimes we all make misstakes and your willing to deal with them.:T
Do keep asking on and reading this forum you will recive advice ,support and firstt hand knowledge.No question is to silly,small or irrelivant.Oh! and a good moan/rant sometimes helps :rolleyes:
Take care.

ginalove

we think we have around 25k equity in the house but we are in court on the 23rd regarding repossession we are in arrears for £2400 OH has tried to make arrangments with N Rock but they have been reluctant to provide evidence for the courts cccs are overloaded very impersonal service at mo they say they will sort it out but weeks later still getting letters from disgruntled creditors.

tigerfeet2006

Hi Gina and welcome to the board.

If you are not happy with CCCS then give National Debtline a ring. We can't say for definate if you should go BR or not as we don't know your full circumstances. If NDL recommend BR then we can offer you all the support you need and answer any questions you may have.

If you loose the house it is not the end of the world. Have a read of Scarletts thread for some inspiration.
http://forums.moneysavingexpert.com/showthread.html?t=596237

ginalove

spoke to national debtline last week ,nice lady --said she would send me an income/outgoing sheet & would i phone her back i have not recieved this yet . cccs want us to do a review but i know what the answer will be i just dont want to hear it ---call me scaredy cat !!!! they are going to tell me off for breaking the terms of our dmp --so daft easy done .

tigerfeet2006

Give NDL another ring and ask about the form. We recieved ours with in a couple of days.

ginalove

thanks tiger will do --try to sleep now!!cheers g

tigerfeet2006

sweet dreams