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Hi All,

 

I’m after some help regarding my current circumstances.

 

I’ve been going through mental health issues over the past few months.

Which has led to me to work part time as this moment of time.

 

I have a debt of around 25k in personal loans and 15k in credit cards.

I’m in a position whereby I can not afford to pay anything towards these debts. 

 

What is the best solution towards this as I have to pay £550 towards the personal loans and around £300 for the credit card debts. 

 

I would be grateful for your advice as this moment of time

I could do with someone that can help me find a way through this mess I am in.

 

To follow up with additional information:

 

personal loans:

15k with Tesco bank 

9.5k with Halifax bank

 

credit cards:

3.5k Barclaycard

4k MBNA

3.5k Halifax 

4k Tesco bank 

 

I would be grateful if anyone can advise what to do in my current circumstances.

 

thanks 

 

@dx100uk would appreciate if you could look into this.

 

Thanks

 

kind regards,

 

 

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hey no sweat

don't worry about debt ..that's the least of your issues.

 

can I just confirm a few things so we have a firmer footing of where we stand.

 

when were these credit agreement attained roughly

and you've paid ok from then till of recent?

 

dx

 


please don't hit Quote...just type we know what we said earlier..

 

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Hi @dx100uk

 

many thanks for your response.


I’ve had both personal loans for under a year:

Tesco - attained April 19 - payments made from April 19 - Jan 2020

Halifax - attained September 19 - payments made from October 19 - Jan 2020.

 

 

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what about the cards etc?

 

dx


please don't hit Quote...just type we know what we said earlier..

 

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Barclaycard -  mid 2015

Mbna - late 2017

Tesco - Feb 2018

Halifax - Oct 2018

 

i have always been making payments on time even through these last few months where I’ve experienced very tough times.

 

appreciate your response.

 

thansk 

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thank you.

 

have you had issues paying credit before you took any of these out?

 

i'e were you keeping a good handle upon your credit file and it wasn't shot with any defaults or payment markers during the period when you applied and were successful in getting any of this additional credit?

 

my thoughts are ...should the above not be the case and your credit worthiness was good... so couldn't p'haps introduce some irresponsible lending complaints in association to them … it might be an idea to give all your creditors the heads up that times are hard and you wish them to help you, as they are duty bound to do, by freezing interest and any penalty fees to allow you to ride out this present financial hardship till things improve ...

 

how does that sound...

 

dx

 


please don't hit Quote...just type we know what we said earlier..

 

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