I presume the remainder of your income is spent on everyday expenses?
I would recommend that you seek advice from a professional by visiting www.iva.com where you will find a list of companies and reviews and you will get free and impartial advice as to all the options open to you.
I think however, that you may be advised to enter a debt management plan if you cannot afford to make the payments on your debts.
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
You need to have a chat with an IP and give him/her details all your personal and financial circumstances and particulars.
Visit www.iva.com for reviews on firms and practitioners and select one or two to have a chat with. They will give you
the appropriate advice and it is free.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
