After my divorce I''ve been left with lots of debts mainly credit cards - just paying the minimum obviously not doing much - tried opening new ones with 0% so I could transfer balance but can''t get these. What are my options and what is the best route to take ? I am on benefits so no income to speak of - rent my house and debts around £12k.
It''s a constant worry what to do filled an online form in from one of the agencies it just said speak to credit card companies to ask if I could pay £1 a month off it surely the interest will mount up even more?
I''m so confused - would appreciate advice please.
I think you need to go to your citizens advice...My ex has wrecked my credit rating by missing payments on our joint loan and like you I tried to open a 0 per cent card as I was unaware.Dont try and open more cards as this will mark your credit rating...maybe speak to your local bank? Xx
Ok thanks cazza - ill try citizens advice and go to my bank - but apart from a loan I''m not sure if they''ll help? The trouble is every month I''m getting more and more in debt as I need these to live on and feed the kids. I think CA will just say stop using them - easier said than done - when I''ve less coming in than going out -we already sit here with blankets on instead of using heating and only eat 1 meal a day. I just can''t beleive it''s come to this ! Just so sad and desperate.
Only just saying to friend, how many people now have sleeping bags and blankets to hand to wrap up in cos they just cant afford to run the heating much any more. Not unsusual to turn up for a chat and cuppa and be given a blanket to snug into as well.
Gone, and I suspect never to return, are the days of heating on and just t-shirts worn in house in winter ..... ahhh well
, I think, used to be known as the Consumer Credit Counselling Service (CCCS) and they are definitely worth talking to. They may be able to negotiate an IVA (individual voluntary arrangement) with the creditors.
You also be able to get a debt relief order.
They may also help to work out if there is a way of you living within your means and work out a budget so that you don''t end up worse off in debt.