What am I gonna do?I messed up real bad, it's just gonna get worse!Finances and bill s are getting on top of

Question

me!

Answer 1

revert back to beuing a caveman.

Answer 2

Wow... sounds like you feeling really anxious!

What has happened is done. Are you able to accept where you are?

From where you are today, is it possible for you to modify your cash flow so that your debt is no longer increasing? Are you okay with changing how you spend money?

First focus on stabilising the situation. Do you feel your survival is threatened? Are you afraid to lose your lifestyle?

Explore your fears about what is happening, and dig as far as you can into the consequences. Plan from there.

Then, find a way to consolidate your old debt, and slowly pay it off.

What will this look like ten years from now? Will it be a learning experience, or will you even remember? How will you have changed to prevent this from happening again?

Answer 3

Firstly, don't panic and don't bury your head in the sand.

Start by making a list on one side of all your income including any benefits etc then on the other side all your outgoings (being as honest as you can).

You then need to work out which debts are priority and which are non-priority. Ones which are priority are ones which affect your home and/or your liberty - that is, rent/mortgage arrears, gas/electric/water arrears, any court fines and council tax (you can be imprisoned for non-payment of council tax for up to 6 mths). Everything else is non-priority, no matter what the companies to whom you owe the money try and make out.

Once you have worked out what you've got coming in versus what you've got going out, you will have a remainder sum which in the first instance should be divided between your priority debtors. They will probably ask to see your income and expenditure list to verify your situation and they know what they expect to see for someone in your position so don't try to hide things like ciggies and booze etc under 'housekeeping'.

If there is anything less, this should be apportioned to your non-priority creditors with your biggest creditor receiving the most. Again, they will want to see your income and expenditure form.

You could consider an Independent Voluntary Arrangement or bankruptcy, depending on how much you owe. These are not things to be entered into lightly as they have very significant impact on your future. You will not be able to obtain a mortgage or any other credit for the bankruptcy term and a period of time, up to 6 years after. Some landlords will not rent to bankrupts. You will not be able to have a proper bank account. Your name will appear in the local press when your case is in court. If you own your own home or another valuable asset, such as a family heirloom, they usually require that you sell that to offset the debt. If you earn above a certain amount, they will take the remainder of your income to repay the debt. So it is a decision you need to take after receiving independent advice. The Citizens' Advice Bureau is a good place to start. There are also various debtlines which offer free advice. Please do not be tempted to use one of the companies that offers to do this for you as it will make the situation worse. Also, try to steer clear of consolidation loans, especially if they are secured on your home.

Finally, before the companies will enter into any agreement with you, they will be looking for evidence that you are serious about reducing your debt. They will look for you to return the cards all cut up. Can you sell any of your assets? Can you take on a part time job? Can you rent a room out in your house? Can you make or perform in some way to earn money?

Answer 4

1. stop spending money on luxuries and non-essentials like cable TV, cell phones, etc.

2. if you have a high car payment, trade the car in for something cheap, preferably used.

3. cut up your credit cards so you don't keep spending.

4. sell stuff you don't really need, like a second car, ATV, other luxury goods. These are probably the things that got you in trouble in the first place.

5. create a budget to live by. Just the essentials, please! cut out dining out, movies, that $4 morning latte

6. use ALL extra money to pay off your debts. Because you're paying interest on what you owe, the more you pay now, the less you'll pay overall.

7. find a better-paying job, or get a second job. you're in debt because you're trying to live a lifestyle you don't earn enough to support. So find a way to make that much money!

Answer 5

Speak to someone who can help. The citizens advice bureau can put you in touch with a specialist debt councellor who will help you. Avoid debt consolidation/debt fixing companies that are out to make a profit from you. Also, talk to your friends and family because at least once they know what's going on they can support you and help you look for solutions making it all a bit easier to cope with.

Answer 6

Go to your local citizens advice beareu and see if they can help,pay your priority debts first eg.mortgage/rent,council tax,gas/elec,things like credit cards don`t count as priority.

Or try the Consumer credit councelling service they are a charity that give advice and help you budget and come to an agreement with your creditors on your behalf.

Answer 7

Stop and think! If you carry on, it will continue to weigh you down. You have to radically change your behaviour. Understand the pattern of your daily routine and break it.

Otherwise get help from a debt counselling service, such as

http://www.cccs.co.uk/

Don't fall for loan sharks!!!

Answer 8

You have two good answers off seaside g & kon 1 uk.Follow there advice & Good Luck

Answer 9

You could try national debtline if its quite serious, free and confidential. Helped me loads.

Answer 10

you dont slove money problems with money you slove them with changing ur life style .. no need to fancy things just to show off