Hi I taken home after tax,insurance etc £1140. I have a car on finance and a loan which comes to total of £779. I have a phone bill of £32, then have car insurance of £74, and then re-fueling the car 3-4 times a month at £45ish. Plus food it just doesnt work out does it? Im not sure what I can do?
I would try and give the car back but It's on finance and you sign a contract so can't.
Why not also try calling an insolvency practitioner for some advice. If you restructured the loan repayments, or negotiated lower payment terms, this could see you in the clear or at least debt free within a realistic timescale.
Visit www.iva.com for a list of companies and reviews and give one or two a ring.
You will receive free and impartial advice about all the options open to you.
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
Insolvency practitioners give advice about all debt problems and solutions, so that you can decide what is the best way forward for your future. Don't be afraid about contacting one - we are all human and will be able to assess your situation quite quickly and make suggestions and recommendations for you to consider in your own time with no commitment either side.