37 yo, newly single after 9 years, 16 yo teenager at college to support, a dog, a cat, a pet hedgehog, full time job - 40k debts

How?

Same as everyone else in here I guess, no point in going into why/how. Better to concentrate on “What now?”?

Applied for every consolidation loan there is trying to reduce monthly repayments of 1200 - “Computer says NO”. Ok. Computer says no to lower than current payments over longer time. I can not afford to pay 400 per month. Hmmm - how am I paying the 1200 now? Can’t they see I can not afford to pay that?

Another sleepless night. Will find an extra job.

Several more sleepless night - can not find an extra job to fit in with family and current job.

Nobody understands - “But you have 35k pa, surely you can not possibly have money problems?”. No, sorry - can not meet you for a coffe, can not afford even the tube fare.

Slepless night.

Last try - own bank, for the past 7 years. Surely they should be able to help as they can see all my income/outgoings etc…..10 minutes later - “Computer says no”.

OK

Google my dear friend - what should I do?

www.iva.co.uk

12 hours later, 47 cigarettes later - starting this blog.

Reading others - scared like hell to go for IVA. What if it is refused? What if circumstances change?

Will keep you posted.

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