Just looking for some advice on the above please?
I have not worked since April due to illness and it doesnt look like ill be back at work anytime soon.
I have quite a few debts as i had a good job and good salary when i was working.
I havent paid any of my debts since May
i have now hit 6 months with no payments.
I have sold my house as managing the mortgage was also a hindrence due to my current situation,
i have some money that i have from the sale of the house, its probably about 70% of what i owe out.
I just want some advice on how i should approach the above.
Some of my debts havent defaulted yet,
should i wait til they have,
should i offer the companies now,
should i wait longer,
im currently at a loss as i dont think my situation will change soon
but i also feel a lot of stress due to the situation as its a situation i have never been in before and want to try and remove it as soon as possible.
I havent communicated anything to any of my creditors yet
which i know is wrong
but i just havent known how to face this situation or where to start.
Thanks in advance for your replies and help
Debts are currently 40K and are all unsecured credit card debts.