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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


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What''s the best route to take with debts?

  • Gillian48
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14 Apr 13 #389048 by Gillian48
Topic started by Gillian48
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.

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14 Apr 13 #389053 by blonde cazza
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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

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14 Apr 13 #389055 by Gillian48
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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.

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14 Apr 13 #389083 by downland
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Try this to give you some kind of idea what you could do to starting out your debt:

www.stepchang.org/debtremedy.aspx?domain...dviceservice.org.uk#

or give them a call.

Citizens Advice wont just tell you to stop using the cards, they will give advice about how to start sorting out finances and getting to position where your debt isnt growing and is managed.

Hope it helps

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14 Apr 13 #389087 by Gillian48
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Thanks I''ll try those and make an appointment with CAB see what they say - never ever thought I''d be in this position - just find it very embarrassing but I guess I''m not alone?
Thank you so much x

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14 Apr 13 #389088 by downland
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Definately not on your own.

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

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14 Apr 13 #389089 by u6c00
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Stepchange , 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.

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