Debt Help
Before the recession took hold, my husband and I were living an OK lifestyle. Noting special but we were able to go on nice holidays and we had a nice car (a Ford Focus). We have three children and they all have nice things which they can compare with their friends. Unfortunately, we had been existing on credit and are now in a really bad position. The banks want their money back and we just haven’t got it. We’ve had to cut down massively and have just two credit cards left. We sold the car in January and are considering moving into a rented property. We are desperate for debt help because it seems as though our old life is just slipping away. We never went crazy, we are upstanding people and didn’t run around in fast cars and jewellery but we are made to feel now as if we are criminals. I put so much effort and money into the house, it would be such a shame to have to say goodbye to it.
I sought the help of a financial adviser and he said to me that I need to try and focus all my debts into one place, so that I can try and tackle them in a manageable way. I am now considering a consolidation loan, although I am pretty nearly eligible for an IVA which we all know means debts which have gone beyond the £15,000 mark…I am worried about it but doing something about is the best thing to do.