Hi peeps,

I'm desperately looking for some advice to get me out of a mountain of debt. I have been taking steps to try and help myself but personal circumstances have changed and it's turned a difficult debt situation into a disastrous one.

I was in a great paying job and had a number of credit cards and a flexible loan. I was paying off my spending each month and had decent interest rates.

I was made redundant from the high paying job and was unemployed for 1/2 year then took a much lower paying job. I know it was stupid but I was using cards and loan to pay off important debts like mortage so I didn't end up on the street and using cards to pay other cards. Debt just mounted up. CC companies started to increase interest rates, drastically, I have near 40% apr on one card and am paying nearly £3K /month in interest alone.

I went through the process of sending out letters advising of financial situation, requesting reduction in interest rates, subject access requests and repayment of unfair charges and am in various stages of that process with some not complying with SAR, others refusing point blank to reduce interest or refund charges.

I was paying the minimum payments but it was KILLING me. Example; one card had minimum payment of £350, interest each month is around £330. I can't go on like this and it's making me depressed and near suicidal. I'm generally a positive person and I always try and do things to help myself but this is just too much.

In May I was made redundant again and have been unemployed ever since, I have NO income. I have applied for Job Seekers Allowance and am awaiting a decision but even then, it's a minimal amount and I won't get help with my mortage, so that's a priority. I just don't have a penny to pay towards these debts.

I would really like for them to reduce interest to a reasoanble amount and agree a sensible payment plan however have no clue how to go about this.

I have written to them saying I am unemployed, included my debts and for some even complained to FSA as I have reached deadlock stage.

I would like to write a letter but have no idea what to write. I am also thinking I should request a copy of the original true signed agreement to ensure they are indeed enforceable. Finding out they weren't might give me some breathing space.

I know the best advice is to keep up with minimum payments but that's not possible. I don't have nearly £3k a month because that's what minimum payments are and that isn't likely to change because that £3k, well it's nothing but interest.

Any advice would be much appreciated, thanks in advance.

Hi you might want to look at this site Debt Questions? Forum

Andy