In so much debt I don't know what to do

(40 Posts)
sosadandashamed Thu 17-Feb-11 21:11:20

Don't know if Im posting in the right placed but here goes.
I am in so much debt I feel like it is taking over my life and I don't know what to do.
Simple fact is my outgoings are more than my incoming, Ive robbed Peter to pay Paul and it has snowballed scarily in the last few months.
I owe money for overdrafts, credit cards, payday loans, water rates, council tax.
In fact the only thing Im not behind with is my rent thank god although I got a letter yesterday saying it is being increased from the 1st of April.
I just don't know what to do or who to turn to and I seriously feel like doing something stupid.
I could ramble on but doubt anyone will read it.
I just feel helpless and so ashamed my life has turned out like this

addy911 Wed 23-Feb-11 17:14:07

Paying £1 to each creditor will not make the debts go away! Your best bet it to fork out a one off fee of £90 and do a Debt Relief Order through your local CAB. You can't afford a DMP, an IVA or Bancruptcy so you really have no choice. You will have to be firm with the CAB to get an urgent appointment, but i suggest you do it tomorrow. Your car is safe,as you need it to get to work, and i presume its not a Bentley? Asking for advise is the hardest bit so well done, now you need to get it sorted once and for all, not go putting the inevitable off for another day by paying a pittance and expecting your creditors to accept this indefinitely.

namechanged1234 Sat 26-Feb-11 17:14:32

Sorry I can't offer much practical advice, but have you checked to see if you're entitled to any benefits? If you're on a low income then I would have thought you could get help with housing/childcare or something. I think the government website has a calculator or something that works it out for you.

collision Mon 28-Feb-11 22:44:46

bump

wickedorwhat Mon 14-Mar-11 18:21:11

10000 grand is not that much sad. there are a lot of people in more debt than that. i say you need to get angry and dont be intimidated by these sharks. ok so you spent more than you could afford. most of us do. my dh s business folded when a company went bust and did nt pay him it was a lot of money about 300,000. he had a credit card and a car finance and he just said f... off to them they have pestered him but they give up eventually. these card providers and others just sell the debt to other blood sucking agencies in the hope they can bully the money out of people. im not telling you what to do only do what you can, im only saying to you that you must not let them grind you down. they can have their money when you can afford to pay them. good luck

madmomma Mon 22-Aug-11 18:56:32

OP you must get to your GP and get some anti ds if you are feeling suicidal. You may only need them for 6 months, but you have to take some action about your mental health. Once you are feeling a bit better in yourself, you'll find it easier to move forward with sorting the debt.

Lilyloo Mon 22-Aug-11 19:16:59

This op is from February

madmomma Mon 22-Aug-11 21:00:34

Oh yeah - duh! Hope she's ok

dementedma Sat 27-Aug-11 22:39:00

we are on year 5 of a 6 year debt repayment plan with payplan. They have been brilliant. We started out owing £18K and are now down to just over 3K and tentatively beginning to think there might be light at the end of the tunnel. it's feckin hard going though and has all but brought us to our knees at times.

Ivette Tue 01-Nov-11 18:44:38

call Harrington Brooks, they are great, I am paying 50 pcm and everything is taken care of, co debt collection agencies calling me anymore!

Old thread I know, but to anyone in a similar situation, please be aware that Harrington Brooks are a fee charging company. You're much better off going to CCCS or CAP - why would you want to add fees to your debt?

<voice of bitter experience>

nothingoldcanstay Wed 30-Nov-11 20:51:24

My advice would totally be to go to Uni. You don't actually pay any fees till you earn over £15,000 (may even be £21,000 these days).
I'm better off going to Uni 8 hours a week then before when I worked as a 32 hours a week as an LSA plus weekend job. I get £3000 3 times a year + a grant of £300 twice a year. lump sums really cut bills down to size. Can now get housing benefit and obviously students don't pay Council Tax. Still get child tax credits and as I'm not working can also get free school meals. Also entitled to student overdraft of £1000 interest free (this bit is worrying actually).t's 3 years breathing space and then you might even stand a chance of a better job at the end.

maigwa Thu 25-Apr-13 14:47:39

Message deleted by Mumsnet for breaking our Talk Guidelines. Replies may also be deleted.

I am with Christians against poverty at the moment. They are good, they deal with my creditors, have gone through incoming and outgoings with a tooth comb and given me a budget. They take a set amount each week from my bank and spread it out amongst my debts so I should be debt free in 1-2 years. They even put someone's aside for me on savings which will be going on Xmas pressies for the kids.

I have been with before but I left because I didn't see eye to eye with my case worker and also because my dp at the time did everything he could to make me leave them, he used to spend the money the budget money down the pub.

Cap really are good. I know many of their volunteers in my area anyway as their local office is close to where I live

leaderscorp Wed 15-May-13 04:58:46

Have you consulted debt relief expert already? If not, then I suggest that you should see one.

3nationsfamily Thu 23-May-13 13:24:40

This is a ZOMBIE thread. OP was 2 years ago

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