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Help me make the right move!
Limana68
Posts: 486 Forumite
Hi there
I am in a bit of a quandry with what to do with my debts! I am having problems making mu minimum payments on my credit cards and me and oh have been wondering what is best to do. We have approx 34K of unsecured debt.
We have rang up a few loan co's with a view to getting a secured loan, but we dont have much equity and dont feel its the right way to go anyway.
I have made contact with CCCS and they are so busy and are ringing me back next wk.
Am thinking of either contacting all my creditors to see if they will allow me a 'payment holiday' for a few mths, dont know if this is a good idea or not.
I have a good full time job but am of sick at mo with depression, hubby has a part time job so it fits in with childcare and looking after my mum( hes her carer) so things have been very stressful for me and have had to take time off work, and am looking at going part time but need the money for my debts!
Its a vicious circle, it really is and I dont know if I will be able to go on a dmp if my life is so up and down!
Any advice???
I am in a bit of a quandry with what to do with my debts! I am having problems making mu minimum payments on my credit cards and me and oh have been wondering what is best to do. We have approx 34K of unsecured debt.
We have rang up a few loan co's with a view to getting a secured loan, but we dont have much equity and dont feel its the right way to go anyway.
I have made contact with CCCS and they are so busy and are ringing me back next wk.
Am thinking of either contacting all my creditors to see if they will allow me a 'payment holiday' for a few mths, dont know if this is a good idea or not.
I have a good full time job but am of sick at mo with depression, hubby has a part time job so it fits in with childcare and looking after my mum( hes her carer) so things have been very stressful for me and have had to take time off work, and am looking at going part time but need the money for my debts!
Its a vicious circle, it really is and I dont know if I will be able to go on a dmp if my life is so up and down!
Any advice???
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Comments
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i wouldnt advise secured
i took out a secured loan 4 months ago as i couldnt keep up with my unsecured ( creditcard, loan and another loan) now im struggling to cover the secured loan and they wont entertain me one bit. im in a big mess and i can only see one way out......its sad at 24 i want to go down that route.. i wish i kept it all unsecured then atleast my home would be safe.
Bankrupt on 26/03/2009 10:30am No-219 of 2009
Fresh start ahead. 26/03/10 will soon be here :rolleyes:
Thanks soo much MSE Br forum :T0 -
Thanks for that, I have been looking a several posts on her about secured loans after I had made enqs and its so scary. We only move into our house last Apr, and although it seems like an easy way out, it isnt at all is it like you said.0
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you could also try payplan, they are a free debt management company.0
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Hi Limana, if you post up your SOA we can see where we might be able to save you money. It's all explained here: http://forums.moneysavingexpert.com/showthread.html?t=562271No longer using this account for new posts from 20130
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Thanks!
I will go away and have sort my SOA and see if any of you lovely people can help me!
Li0
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