Remortgage or CCCS?

ddraper_2

Hi Everyone

NEEDCASH suggested I post my message on this forum as well as debt-free, as you my be able to help.

I did the worst thing I could possibly do to my husband, conceal my debt. He found out on Friday night when I told him, and we when through the rollercoaster ride on emotions but have come out the other side still alive and married.
He has agreed to support me in getting the debt resolved.

I have taken today off to sort out the debt.

I would like some advice from those who have been there. From talking to CCCS I could have my debts paid off with 6 years, but would have very little to live on, I know the budgets there but it leaves you feeling like you have nothing. My other option is to remortgage, I currently have a property worth £95,000 with an outstanding mortgage of £43,000 and debts of £45,000. This would instantly clear my debts, and I would have a mortgage of £700 (wish is less that most people these days) with money available each month after the expenditures have been paid. However, this would mean paying interest on the current debt, and with the mortgage being paid back over a longer period I would be paying more in the long run.

Any help and adivce would really be appreciated.

Cheers
Donna