need out of debt

A question about : need out of debt

1st ever post and a little nervous don't even know why.
I got myself into huge debt of nearly Ј40k with loans credit cards overdraft and pay day loans , I went into a dmp nearly 2 years ago with a company I paid. I have now moved to Payplan i hope i have made a ok choice as not seen anyone speaking of them on here, Anyway i pay them 240 a month but i also owe 2 friends money which i pay 100 and 200 per month to and a guarantor loan of Ј57 ,
Does anyone have any suggestions to help me make more money to enable me to pay off friends quicker
have 200 left for food to feed family of 4 from my wages after houses bills of Ј800 paid

Best answers:

• hi, i don't know much about DMPs but i am sure that the absolute quickest way to increase income is to search high and low for a better paid job, more hours or a second part time job.(or get a rise promotion in your current job).
  There are lots of threads on how to make extra cash but i am convinced that in general for most people the is the most effective way to do that.
• Sell clothes for cash? is one of mine for starters, filling a bin bag or 2 relatively pain free even if for pennies, it's something, now I've said this, perhaps I should buy a lotto card just for once!
  I know it is hard, don't most of the charities expect your family and friends to write of debt you personally owe if it is between you - while you have done the right thing going with PP (just avoid their 'insurance cover' if they still try and add this)
  Check you are getting EVERY single benefit your entitled too and be assured if you get to much hassle from utilities company, well, you ALWAYS can make a complaint, might eventually get heard, if enough people make a noise x
  If you are prepayment, this might be of interest and hopefully help turn the way with a sign
  https://www.change.org/p/energy-supp...H8Pc1vjYictFdc
  If DMP gets to much, ask for a review, remember it is not set in stone, unlike some bills we can speak of eh, failing all that let it get as far as a Judge and don't be afraid, remember your children are the most important x
• Thank you for the comments I unfortunately got into debt being stupid and allowing one off my children to run me up the garden path and now I have seen sense but still have abusive phone calls from him if I don't give money . I have spoilt so much in my current marriage and now need to rebuild trust of my husband and my two younger boys because of my not being honest about the situation
  I have been selling lots of things thank god for facebook selling sites ,each month we are now Ј500 short a month to pay all bills but can normally earn this through hosting students but have to find something else
• [QUOTE=keepcalmandstayoutofdebt;67760446]Sell clothes for cash? is one of mine for starters, filling a bin bag or 2 relatively pain free even if for pennies, it's something, now I've said this, perhaps I should buy a lotto card just for once!
  This is a brilliant way to make extra cash. Although the unit price per kg paid is very low, they often take clothes, coats, belts,bras, bags, shoes etc and a lot of people have a lot of clothes that they never use or no longer fit etc. I made over Ј30 taking stuff there. It's not a fortune but if I had that much just for me I imagine that a family of 4 would have tons and tons of stuff to declutter and claim the money! It is probably enough to pay for a good stock up of food etc, especially if you buy things on offer etc.
  Good Luck
• I feel for you. So, basically, your son has abused you and put you in this situation. For a start, I assume he no longer lives with you, secondly - absolutely don't give him anymore money. Tell him that you are in serious debt because of him.
• He does not live with me , he did not when he used to ask for the money I gave to him all the time as big guilt trip as me and his dad split I am now remarried he has said some awful things and it scares me looks of emotional blackmail and even now when he calls I panic and give him money I can't afford even though I said to my now husband I will never do it again . I have today said no and apparently I will regret it even though my husband is aware of most of the situation I still worry to tell him everything still walking on egg shells
• What do your other children say? Surely they don't support their brother's bullying ways?
  You need to be strong and just don't answer the phone to him. If he asks for money you absolutely have to tell him that you don't have any, you have massive debts because of all this.
  We are all here to support you. Here is a virtual hug >
  You sound like a caring mother and wife. Your new husband can help you get through this. Your son has emotionally blackmailed you and you need help not judgement.
  Is there any way that, if your kids are grown up, they can pay rent to help you pay the bills?
• Don't let your son walk all over you.
  Good thing you've decided to put your foot down. If you didn't you'd lose your second husband too. (You say you've already broken his trust, and promised not to give your son more money... how long will he put up with that.)
  Your son is being a jerk, and you've been letting him. Keep being tough, and he might eventually come around and show some respect toward you.
• My other 2 sons are only 15 and 13 they are angry with him and don't understand but can't do anything . I have not told his dad as I worry that it will cause problems in there home . The reason I left his dad was he was violent towards me overall I got into the wrong relationship big time . I am not sure if I am reply correctly to posts so sorry if what I am doing is not correct and thanks for the hug by the way
• Does your phone have caller Id on it (does it display the number of an incoming call)?. If it does, then if you see your son's number showing on it when it rings, just do not answer (or get your husband to answer).
  Once the bullying brat understands that mum is no longer an easy tap for cash, he will leave you alone. I hate to say it, but if you make a will, leave this boy out of it.
  As for your debts, do you have any financial links to your new husband or are you on the mortgage for the house?.
  If not, then it might (i will repeat, might) be worth enquiring about a DRO.
  However, if you are named on the mortgage, have finacial links to your husband, or a DRO will affect your job, do NOT consider it further.
• I agree about not financially linking yourself to your new husband.
  He needs to support you as actually you were in a violent relationship and your son is following suit from his father but you need to take a step back and sort out your income and your debts now.
  You can't give that son another penny and make sure that you tell your other children what has happened as you don't want him to force them to hand over their pocket money either like a bully.
  Stick up for yourself. It might be tough but you need to look after yourself and your two other children.
  You can do this. You can sort everything out and pay everything off.
  Who is your DMP with?
• Call Stepchange charity. They give free advice, and may be able to help you.
• I am with Payplan
• My husband and I have a mortgage so we are financially linked . This has already caused problems as we had to arrange a new rate on mortgage and the only deal we could get was 4.99 on a 2 year fixed we owe 300,000.00 and on interest only could not at moment even think of repayment which is a real worry
• Right - ok.
  The most important thing is to act now (which you are doing).
  Have you already started getting together clothes, shoes, belts, bras, bags etc that can go to cash for clothes? While their unit price is small you could stock up your cupboards (if you buy things on offer) in cash just as a result of having a clear out.
  There is so much you can do to seriously reduce your expenditure. Can you work more hours to help you clear it all?
  Keep your head up, you CAN do this. You can get these debts paid off.
  xxxxxxxxx
• St Ј40k you will not live long enough to pay it down.
  Bankruptcy looks like the best option, clean slate in 12 months and clean credit in six years.
  The other option looks like paying interest until death.
  Do you own property ?
• Can your husband not cover more of the bills while you seriously attack the debt? If you worked very hard and used full and final settlements you could get rid of it in a few years.