can you help me?

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alan.w.w

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Post by alan.w.w » Mon Aug 11, 2008 8:52 pm
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i am going through a divorce right now,i hav a secured loan on the house which my wife and i pay.i have 6 credit cards all max'd out oweing roughly £17,000 and a car loan to pay with £4,000 i also owe cahoot £8,000.the house is been up for sale,for a year now.And as u know,the market is dead,can you help me?
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plasticdaft

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Post by plasticdaft » Mon Aug 11, 2008 9:00 pm
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The best advice would be to speak to a professional,citizens advice or the likes. There are always options available to you so dont despair.
Are you managing to keep up the minimum monthly payments on the cards by borrowing from one to pay the others(thats what I was doing).

Getting advice asap is the best bet,you have taken a big step just by posting on here.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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MelanieGiles

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Post by MelanieGiles » Mon Aug 11, 2008 9:31 pm
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Hi Alan and welcome to the forum

Are you and your wife still living in the property, and do you have any spare money to offer to creditors whilst you are still covering the costs of the loan? Would it be worth dropping the price of the house to try and attract a quick sale?
Regards, Melanie Giles, Insolvency Practitioner
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alan.w.w

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Post by alan.w.w » Tue Aug 12, 2008 11:50 pm
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MelanieGiles wrote:

Hi Alan and welcome to the forum

Are you and your wife still living in the property, and do you have any spare money to offer to creditors whilst you are still covering the costs of the loan? Would it be worth dropping the price of the house to try and attract a quick sale?
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alan.w.w

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Post by alan.w.w » Tue Aug 12, 2008 11:56 pm
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hi melanie,i do not live in the property,the wife is still there.
i dont have any spare money to offer any creditors and have already dropped the price of the house by £30,000 but still no offers with the slow down in the house market.

Are you and your wife still living in the property, and do you have any spare money to offer to creditors whilst you are still covering the costs of the loan? Would it be worth dropping the price of the house to try and attract a quick sale?
[/quote]
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Viki.W

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Post by Viki.W » Wed Aug 13, 2008 3:23 pm
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Bump
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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MelanieGiles

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Post by MelanieGiles » Thu Aug 14, 2008 11:04 pm
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Are you likely to receive any money from the sale of the property, which could be used to make an offer to creditors?
Regards, Melanie Giles, Insolvency Practitioner
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alan.w.w

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Post by alan.w.w » Sat Aug 16, 2008 7:48 am
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[quote]Originally posted by MelanieGiles

Are you likely to receive any money from the sale of the property, which could be used to make an offer to creditors?
[quote]
i hope to recive between £10,000 to £15,000!
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MelanieGiles

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Post by MelanieGiles » Sat Aug 16, 2008 9:08 am
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It might be possible to offer a full and final settlement to creditors based on those figures.
Regards, Melanie Giles, Insolvency Practitioner
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