S.O.S, It was decided to get me out of my job, at the moment I have over £50,000 loans & mortgage to pay?

Question

* I got all those loans trusting & believing my job would be continued!

Answer 1

A debt management company may be able to help you by negotiating lower monthly repayments on your debts.

If things are quite serious you may also wish to think about an IVA.

Try http://www.debt-line.org.uk

Answer 2

Bad mistake on your side never borrow money that you cant afford to borrow you have over stretched your finances now have you got ppp on any of your loans get in touch with them.
get a balance of in-comings and from this you must pay your mortgage regardless of anything else PAY that.
next your poll tax and your general living expenses gas,electric,food,if you have a car loan they will try to re posses it and sell it to reduce the balance once you have separated the normal living expenditure ring the write to the finance companies with a offer of payment i fiver a week pay this without missing
if they take you to court then te judge can see you have been trying to pay and more often than not he will dismiss it.
you would really be better going to c.a.b.they can really help.
Don't get involved with these reduce your bills merchants it will cost you more in the long run and they make money out of what i have just told you to do contact the finance companies explain your problem and make a voluntary payment . hope this helps you
leave Iva and bankruptcy's alone at this early stage or you will cause yourself more probs

Answer 3

Unless your employer gave you a written contract of length of employment, which has been broken, then you're stuck with it.

You need to get another job fast !

Answer 4

well some myths exist about a Two year law or something ask the employmeny agency !

Answer 5

citizen's advice for you I think