hello iam in desperate need for help and advice,i owe 15500.00pounds to credit cards and store cards,i have 2 and half years left on my car to pay which is 158.00 pounds per month,iam struggling now to pay the credit cards minimum payments that they are asking 550.00 pounds permonth,i work partime im a single parent with two children,my incomings including tax credit are 1500 pounds per month,please is there any help for me.thankyou. Debbie
Hi
There will be a solution for you Deborah,you need to have a chat with an IP or debt advisor so that they can look at the whole picture and advise you accordingly
Regards
Deborah
It is always a good idea to speak with several companies so that you get the best advice.
It is always difficult to take that first step but you'll be so pleased that you did
Regards
Vincent Bond - Debt Management Plans and IVAs www.vincentbond.com
0845 300 8066
The first step is to sit down - usually best when the children are in bed - and work out what you have coming into the household, and what you have to pay out. With your expenditure, don't forget to include things like car road tax, clothing, car maintenance and miscellaneous expenditure, as well as leaving yourself a little for a social and leisure expenditure and the children's pocket money.
When you then have an idea what is left, it would be sensible to have a chat with an insolvency practitioner to see what options there are available to you. Although you do not owe a great amount to your creditors, if you cannot pay the contractual payments or in line with creditor's demands, you may well need to seek help from people who are used to dealing with these companies on a daily basis.
