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T O P I C R E V I E W
sonjump
Posted - 23 October 2008 : 08:46:29 I have vey little funds coming in at the moment my overdrat limite has been reached and the bank is rejecting paying may standing oreders and I am being charged with a great amount. I don't see any change until february. My total debt is £25,000 I am not a house owner. What are my options?
2 L A T E S T R E P L I E S (Newest First)
Jo.
Posted - 24 October 2008 : 12:32:36 Hi Sonjump
I have just read over your post also and know as Paul has said that a little bit more knowledge is needed to be able to offer the best advice, therefore i would either call our helpline or failing that contact Paul.
Either way you do need a bit more one to one with this.
Posted - 23 October 2008 : 09:54:35 Hi Son Jump and welcome to the forum.
Probably not sufficient information to give you a definative recomendation, HOWEVER the first thing you should do is to take control of the money you are making each month. The best way to do this is to change your bank account.
This means that you have a fresh start and can actually see what is really left each month after basic bills have gone out.
At that point you can review the options ;
Debt management IVA Bankruptcy Rescheduling the payments
In order to get the right advice I would recommend you speak to a professional who can clearly go through ALL the options and help you decide on the right way forward. It might be that you need a temporary debt Management plan for 6 - 12 months while you get back on your feet but you can decide this after speaking with a specialist.
COOP bank is a good place to start for a basic bank account. They offer a debit cars, telephone & internet banking and do standing orders and direct debits. 0845 602 7057
Hope this helps a little
Paul Johns Assisted Bankruptcy Specialists Reviva UK www.revivauk.com
