Post
by
lj9 » Thu Jul 05, 2007 11:21 am
Hi im new here and would be extremely grateful for any advice.I took out a loan for consolidation and wedding in january for 20000,since then ive been ill,been diagnosed with a panic disorder and spent several weeks off work,im working now and although still on medication feel a lot better.I now feel im struggling with my bills and paying out more than i earn per month,i have the loan for 20000,aloan for 6000,and credit cards which total about 5000,i have tried to get another loan but to no avail and by doing this have seriously damaged my credit score which had dramatically increased in recent months,it has just dropped 120 points in the last two weeks.One company suggested iva but this wasnt a route i wanted to go down,my debts are unsecured and the house where i live is owned by my partner,we are getting married in 9 weeks he knows nothing about this and i dont want him to know this is my problem!he will be so upset that there will probably not be a wedding,the company who suggested iva went through a plan where i would pay 400 a month,does this seem fair obviosly the above ammounts do no include the interest charged by creditors only the ammounts borrowed in the first place,the interest works out at another 17000! any advice will be appreciated as i really need to sort this out.thankyou
