Well, I don't really know where to start.
Basically we had to move last year after getting into arrears with our mortgage, we couldn't afford the monthly payments, they were huge so extremely stupidly decided that we just wouldn't pay them for several months. We got threatened with eviction so in the end sold our house and paid back our debts to the mortgage company. Our families knew nothing about the trouble we were in, although they did know we were struggling financially which is the reason we gave them for selling the house.
We lost a huge amount of money, we had put down a £30K deposit on the house from the equity we made on our previous house but this go eaten up with the amount we owed in arrears, solicitors fee's, estate agent fee's and a huge redemption fee. We were left in all with about £2500 which we decided to just blow on ourself partly and put some towards our wedding, then start from scratch after renting for a while.
As the weeks approached to our wedding we realised we were £4K short of paying everyone their final balances, we tried and tried to get a loan with some terrible credit companies and even then we got declined. At the last minute I sort of fessed up to my mum, explaining we had tried to get a loan to pay for the remaining bills but had been refused and now we were basically buggered. All of our families believed us to have £25K in a savings account from the sale of our house so my parents came to the rescue and gave us £4K which we would arrange to pay back after the wedding, they thought it would come out of our 'savings', we were intending to pay it by selling our car.
The wedding went ahead and it came to repaying the money, we sold the car (aparently), received a cheque for it which cleared in my account earlier this week, I then transferred £4K into my parents back account. I have now received a letter from my bank to say the cheque was stopped and as it involved in some sort of theft.
So now we are here ......
only £1K saved towards what we owe my parents, absolutely nothing in the bank and a set of parents who believe £4K is winging its way to them as I type.
We have no choice but to talk to my parents and tell them absolutely everything. They are going to be so dissappointed in us. We have lied and for that i feel terrible, we borrowed money which we now cannot give back for at least another month and most of all I feel so sick at the thought of how dissapointed they are going to be with us. We need to see them to tell them everything and I am absolutely terrified. I feel like we have let them down in an unblievable way.
I don't know what I expect anyone to say to this, I don't know at all, I suppose I just wanted to write it all down and hope maybe it will help when it comes to talking to my parents.