Hi, gone through divorce, incurred lots of debt

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Estee.c

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Post by Estee.c » Thu May 28, 2015 2:31 pm
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Hi gone through divorce incurred lots of debt and can't work as 3 children and income is only 440 pm
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Lisa Thomas

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Post by Lisa Thomas » Thu May 28, 2015 2:40 pm
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Hi Estee - what is the question please? What level of debts have you got? Do you own any assets like a house?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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size5

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Post by size5 » Thu May 28, 2015 4:34 pm
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The first thing you should do is to get some benefits advice. That income is far too low for an adult and 3 kids. There may be variables in there that we do not know about of course, but on face value that is your first port of call.

You need to feed your family and pay your essentials first, the debts are of a lesser priority. I don't doubt that they will need sorting at some point, but one thing at a time.

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Foggy

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Post by Foggy » Fri May 29, 2015 4:37 pm
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I agree with size5. You need to get the income sorted before you know what debt repayment is affordable.

Pop along to CAB, or your local authority might have a debt advisor who can sort out what benefits you might be entitled to.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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