Hello Thanks to advice from this forum have managed to get my repayments to LLoyds reduced by more than two thirds - to be reviewed in six months.The bad news is that at the new rate it will take very many years to clear the debt. My question is: as I am still considering the BK option have I shot m...

Hi Have spoken to LLoyds as recommended - could not believe how helpful they were They have just reduced my outgoings on loans by more than two thirds Not out of the woods yet but at least I get some breathing space I wouldn't have thought of speaking to them until I got replies from this post I am ...

Hello again

Thanks for the advice everyone - it seems I should speak to LLoyds, make token payments or not make payments at all

However what would be the consequences of any of these actions (find this worrying)

Hi I would really like to do an IVA to clear my debt.However I have been advised that as 85 per cent of what I owe is with one creditor - LLoyds - they would not accept So whilst bankruptcy may now be the best option as I have no assets, there is no way I could find the court fees Is it feasible to ...

Thanks for making that one a little clearer Unfortunately I don't think I qualify for an IVA as I only have two creditors - LLoyds and Barclays although I do owe a substantial sum If I pay my wages ito a new account - then what would be the next step - surely I will get into further debt with the LL...

Hello again Really struggling with all of this. All IPs on the forum seem to recommend closing an existing current account and opening one with a different bank. The problem I have is that my account is with Lloyds who are also my main creditor so my loans and credit card are paid via direct debit f...

Thanks for all the advice.

Hi Am new to all this as I have only just admitted to myself that I have serious debt problems.Have spoken to an IP (learning the jargon already)and understand I may not qualify for an IVA as I only have two creditors - will speak to the IP again next week. However I am still confused with the other...

Kallis3

Thanks for that - huge sigh of relief

Thanks for information.The problem is there will be no "estate" - just debt.

I am worried that my children may be held liable.

As a widower upon my death can creditors claim outstanding debt from my next of kin (children)