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 i am currently out of work and owe around £15000		  New Topic  Reply to Topic
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glenn-h
Starting Member



1 Posts
Posted - 08 January 2010 :  18:57:25  Show Profile  Visit glenn-h's Homepage  Reply with Quote
i am currently out of work and owe around £15000 on credit cards and a loan i am not a home owner what is my best option

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 08 January 2010 :  19:30:24  Show Profile  Reply with Quote
Hi Glenn and welcome.

If your debts don't amount to more than £15k, then you may qualify for a debt relief order. You can find out more via this link:

http://debtrelieforder.org.uk/

Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.

Jan
xx
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Richard P
Senior Member



United Kingdom
1701 Posts
Posted - 08 January 2010 :  23:10:50  Show Profile  Reply with Quote
Hi Glenn

as kallis states under 15K go for Debt relief order

Over 15K and No income you may qualify for a reduction in BR fees reduced by £150

What is the chance of work ? if it is still a realistic option you may be able to negotiate your way out

however as time progresses the options reduce, how many months in arrears are you ?

good luck regards Richard
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