Please Help Since the credit crunch and its effects on my business (Insurance), over the last couple of years my finances have nose dived to their current problems. I had taken a Nat West "Secured Loan" (£90k) to help the business, which I now can not afford the monthly payments and Nat West have passed to Ascent Legal to commence possession proceedings. We current live in the property with 9yr old son. I have also defaulted on my Nat West "Overdraft" (£10k) which has also been passed to Ascent Legal, who in turn are demanding full payment or "Court Proceedings" Nat West terminated my banking facilities. I also have a couple of credit card companies chasing for settlement, but it is the Nat West that I am concerned about. The Secured Loan is in joint names and the Overdrafts in my name only. Currently my earnings are not guaranteed, preventing a repayment plan. After discussion, we intend to sell our property in order to clear the debts and move to a smaller property. With the "Secured Loan" attached to our residence, surely the bank know they will be paid. At present our home , mobiles and work telephones are being rung repeatedly by Ascent 7 days a week. In what is a stressful situation, I am not denying the debt, just looking for the correct way to handle the situation. I have had a spell in hospital recently and Work/Business is struggling resulting in lack of cash. Do I request a SAR from Ascent ? or Nat West ? Do I acknowledge the Ascent Legal letters ? Where do I start ?