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Hi
I am currently paying around 23% of my income out as debt repayment and although I am managing month to month - no defaults at all I am living off a ridiculously low budget, I can't afford to put anything in my budget except bills and food and petrol - there is no room for anything like haircuts, leisure, dentist, I can't even save for christmas etc I have 3 children and I feel really bad
I have 2 jobs already so additional income is out
My head tells me to plough on but my heart wants my children to have some treats - what can I do?
Nat
Originally posted by natlie
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Hi Nat
Thanks for posting.
From my experience, a lot of people end up in this situation, really trying hard to keep debt repayments going to try and protect their credit rating and of course honour the agreements that were made.
It sounds like maybe if you did a budget with us to include even modest amounts for normal and important living costs like dentist, opticians, hairdressing and a little bit of leisure that you may not be able to keep up to your repayments.
In this situation you have a choice of keeping going as you are, if you think things should get a bit easier, or potentially looking at a debt solution where you break your agreements but likely reduce what you pay out now, making life a little easier.
You can register with us by calling our Helpline (for initial contact only) on 0800 138 1111 or completing the online Debt Remedy tool:
www.stepchange.org/DebtRemedy
We can then assess your situation, present your options to you, and you can make a choice of what you'd like to do.
I hope this helps.
Allen