i can not afford all the bills iam paying

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mina

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Post by mina » Tue Aug 12, 2008 7:40 am
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iam in £2000 in debt i have a managed loan but its not been paid off only interest iam not working i am in receiept of benifits i can not afford all the bills iam paying
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Wizzard

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Post by Wizzard » Tue Aug 12, 2008 8:36 am
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On what you have said you wouldn't be eligible for an IVA but there are other ways to approach debt, one of which is to talk to your local Citizens Advice Bureau. Of course, being a rank amateur I could be totally wrong so I am sure that an expert will be along soon to put me right and give you better advice ... welcome to the forum
When I was young I was called a rugged individualist
When I was in my fifties I was considered eccentric
Here I am doing and saying the same things I did back then and now I'm labelled senile
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plasticdaft

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Post by plasticdaft » Tue Aug 12, 2008 8:50 am
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Who is managed loan looked after by??
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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LoneRanger

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Post by LoneRanger » Tue Aug 12, 2008 8:59 am
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Is the managed loan with HSBC? They offer managed loans for people struggling to repay debts with themselves but they are over a long period and the interest is quite high.
Steve.

IVA approved!
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kallis3

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Post by kallis3 » Tue Aug 12, 2008 9:41 am
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Hi Mina and welcome. Did you mean £2,000 or £20,000?

You are right Ray, if Mina is only on benefits, she cannot take out an IVA, plus if it is £2,000 that is not enough, but I suspect she has probably just missed a nought out!

We were offered a managed loan with HSBC when we were in a DMP, but turned it down as we couldn't afford the repayments. They even sent the papers through and thanked us for applying! Cheek!

If you don't own your property Mina, I rather suspect that bankruptcy would be the best option for you. You could always see about a Debt Management programme.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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moretolife

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Post by moretolife » Tue Aug 12, 2008 9:53 am
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welcome to forum mina....hope you get some help on here....
IVA completed 11th Dec 2009 due to a Full and Final with the fantastic help of Michael Peoples and
Mc Cambridge Duffy

Visit my blog...Journey from Debt to Life Post IVA
http://moretolife.blogs.iva.co.uk
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Skippy

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Post by Skippy » Tue Aug 12, 2008 11:05 am
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If you only have one creditor and a debt of £2000 an IVA wouldn't be possible. BR is an option, although it seems a shame to go BR for a small amount, although I do appreciate it's not a small amount for you.

I would suggest talking to the CCCS, who will be able to advise you of your options. There is a way forward for you, and they will be able to help.

Good luck x
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Viki.W

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Post by Viki.W » Tue Aug 12, 2008 11:05 am
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Hey Mina, welcome to the forum. There will be a solution to your problem. If you could post a few more details about your debts and your job situation then we can help further. X
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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