We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

A Mountain of debt

oceanus10
oceanus10 Posts: 4 Newbie
in Debt-free wannabe
I have a mountain of debt £60000 (unsecured) My first post, so checking I've done it right. Awaiting reply so I can give you guys a breakdown. HELPPPP!

Comments

  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Welcome. :)

    Well the first thing to do is go and read this thread:

    Link: Help for First Time Posters

    so that you can post a SOA.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • blueye
    blueye Posts: 320 Forumite
    a: sell everything you own and live on beans on toast, never go out and give up on haveing a life for a very long time

    b: call payplan

    thats about all the advice you'll get here

    good luck
  • theunknownstuntman
    theunknownstuntman Posts: 1,901 Forumite
    welcome Oceanus10,
    trying to give you some more constructive advice than blueye. Post a SOA and let the folk on here have a look and help advise you.
    If the experts on here advise you to go to CCCS or Payplan (as 'advised' in the post above) then trust me, it'll be for the best for you.
    Well done on facing up to your debts and posting for the first time. Next things that pesky SOA.
    Folk are very supportive on here, it becomes addictive to post!
    Chin up and stay strong.

    Stunty.
    I am one of the 63336.
    His Grace Lord Stunty the Coherent of Deep Throcking
    'It is better to have lived one day as a tiger than a thousand years as a sheep.'
  • CCCS_Sarah
    CCCS_Sarah Posts: 1,555 Organisation Representative
    Hi Oceanus10,

    Welcome to the boards.

    The first thing you need to look at is putting together a Financial Statement this will detail ALL your income and expenditure. Once you have done this your budget will show how much surplus you have left over to offer your creditors.

    If there is a shortfall (payments higher than surplus) you will need to look at all the options that are available to you. It’s hard to advise fully via this forum but CCCS have a free online debt advice facility called debt remedy where you can be provided with advice and a long term solution to your situation. This link will take you directly to Debt Remedy.

    Once you have put together your financial statement post it on here and people will be along to offer their support and see if they can help you cut back

    Good Luck

    Sarah
    I am a Debt Counsellor that works for the CCCS and have specific permission from Martin, to post on these boards to try and help those in debt. Read more information on the CCCS and what it does in the Debt Problems: What to do and where to get help article.

    CCCS is a registered charity, and there is no charge whatsoever for any of the services we provide to our clients. We take great pride in offering first class help and advice, but we only offer this where we have been able to fully explore and understand your circumstances with you. We want to help you understand these choices and their possible implications but not make them for you.
  • natters_2
    natters_2 Posts: 306 Forumite
    Welcome to the forums - I owe a similar amount to you, so understand the frustration. Changing lots of little things to start helps - it is surprising how quickly you start to give yourself goals to reach and can get there fairly easily.
  • chevalier
    chevalier Posts: 7,937 Forumite
    Part of the Furniture Combo Breaker
    Hi there
    Welcome to the forums. Will look forward to giving you a hand once you have done a statement of affairs. There WILL be a way forward
    chev
    I want a job that is less than an hour driving away from my house! Are you listening universe?
  • Anniemay_3
    Anniemay_3 Posts: 18 Forumite
    Hello
    I am new to posting although I have been lurking since January ! I would just like to say how much hope and inspiration you people have given me just by reading through the posts. I was quite shocked by an earlier post (byblueye)on this thread and felt it was quite an unfair judgement. You are all so positive and it has definitely given me the incentive to sort my problems out. Thank you !

    AM xx
  • NatashaP
    NatashaP Posts: 115 Forumite
    Well said AM!
    LBM - January 2008 ~ debt - [strike]£16,260.00[/strike] £16,90.00 ~ Debt-free date - October 2016! :eek:
    Official DFW Nerd Club Member No: 842 ~ Proud to be dealing with my debts!! :cool:
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.4K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture