Hi everyone, first of all thank you for spending some time reading through my situation.
I’m currently 15 weeks pregnant (which i am over the moon about) yet i can’t help but let my financial worries get the better of me.
Over the years i have taken out loans, credit cards and a phone contract which i managed to keep on top of until the day i lost my job. My credit limit increased slowly overtime and was automatically paid via Bank, so unfortunately i didn’t even realise how hard it would be to recover from until i started to miss payments. My life just went downhill to the point where i couldn’t even afford to get myself food to eat. my debt is constantly increasing because i can’t pay anything let alone the ‘monthly minimum payment’.
I am constantly being charged unpaid Direct Debits via my bank which means the very little amount of money i receive monthly (£180), around £85 is taken to take me back into my overdraft, so i can only use the remaining £95 to cover essentials, after this i am left with maybe £15-£20 if i’m lucky, which means i can not afford regular repayments, i try to save as much as i can but being in this situation is one of the hardest points of my life.
I know that this is my fault, I’ve always read about the dangers of credit cards & borrowing money but i was in a stable job for 5 years where i never thought i would end up in this situation.
I just really need some help, I’ve never wanted to ask strangers or depend on anyone other than myself but i am at the point where i have nothing else i can possibly do.
I just want to be able to get my debt to being somewhat manageable, so even £10 to help me get closer to covering a minimum payment would be so helpful to me!
Thank you SO much to anyone who can help, i am extremely grateful, hopefully one day i can pay it forward.
I’m new to this website so i am unsure if people are able to comment, but even any advice to help with my situation would be fantastic, it would be great to hear from people who have been though financial worries and how you resolved it as right now i am clueless on what i can do to help manage this in the best way possible.
My paypal link is paypal.me/hannahlouiseb26