we need more money

Today has been awful. Husband is now talking about bankruptcy. Is this the path we have to take. We cant look at an IVA because we dont have enough disposable income. We are trying to set something up with a company called payplan, they add all your debts up and contact your creditors for you. The problem we have is it will take us 57 years to pay off our debts doing it this way. I think we will both be dead before then. We have equity in the property we own but I really don't want to loose it. If only we could win the lottery our problems would be sorted.

Things can only get better

FIRST OF ALL LET ME EMPHASIS THAT I AM NOT AN EXPERT, I DON'T BELONG TO ANY PROFESSIONAL BODY THESE ARE JUST MINE AND MY HUSBAND EXPERIENCES. I can't believe the phone calls we were getting. We had only missed one months payments in fact not even a full month some were only a week late. One particular day we had 33 phone calls. So we took to leaving the phone off the hook but then we worried in case there was an emergency with one of the kids so we let the ansaphone take care of them. It was a nightmare even Sunday mornings at 8am the phone was ringing. All this happened in Dec 2007 so as you can see we are still going through all this. We are trying to sort things out we contacted National Debtline www.nationaldebtline.co.uk They have given us some good advice and we are working our way through it. I will update each time we sort something. If there is anybody out there reading this I would be grateful for your comments

up to my eyes in debt

How did it ever get this far. Can't sleep at night for worrying, crying,arguing all because of the mountain of debt we are in. We have both worked all our lives, husband is retired and I have been off with illness for four years. Loads of credit cards given to us. More credit pushed on us. You would think at our stage of life we would have had more sense. Two grown up kids who neede financial help so what did we do we used the vredit cards to help them. We found it increasingly difficult to make the payments each month, so we fell into the trap of using the cards to pay cards. Before we knew it we had hardly anything left on the cards. What next we foolishly remortgaged and £18000 which is what we got. How stupid could we be we started using that to make the monthly payments till it was all used up. Now the cards are all used up and no cash left to pay them. Desperation is setting in rapidly.