Just looking for some advice please.
Due to a relationship breakdown over a year ago, I have found myself going from Peter to Paul to try to keep my head above water, resulting in a lot of personal loans (30k) together with an overdraft of 5k and a Creditcard debt of 8k.
I have gone to MABS but unfortunately the lady whom I met with said she could not see any way out for me unless I was to sell my home, which of course I don't want to do.
I have contacted the bank to ask them to refrain from charging interest on the Creditcard to allow me to try clear the debt as opposed to just interest each month but again they said that on my creditcard application form I signed up to pay 18% so they have to charge it.
I was considering trying to negotiate with the again but just wondering if it would be worth my while, or as a really last resort what would be the consequences of me not paying the debt, apart from the obvious of bad credit rating. Just to say this is not a route I want to go but can see no other way out.
My brother has offered me a loan of 10k with no rush on repayment but I am weary of just adding more debt on top of debt, if I were to take it would it make sense to just pay the creditcard outright and the balance off the overdraft. thanks.
Due to a relationship breakdown over a year ago, I have found myself going from Peter to Paul to try to keep my head above water, resulting in a lot of personal loans (30k) together with an overdraft of 5k and a Creditcard debt of 8k.
I have gone to MABS but unfortunately the lady whom I met with said she could not see any way out for me unless I was to sell my home, which of course I don't want to do.
I have contacted the bank to ask them to refrain from charging interest on the Creditcard to allow me to try clear the debt as opposed to just interest each month but again they said that on my creditcard application form I signed up to pay 18% so they have to charge it.
I was considering trying to negotiate with the again but just wondering if it would be worth my while, or as a really last resort what would be the consequences of me not paying the debt, apart from the obvious of bad credit rating. Just to say this is not a route I want to go but can see no other way out.
My brother has offered me a loan of 10k with no rush on repayment but I am weary of just adding more debt on top of debt, if I were to take it would it make sense to just pay the creditcard outright and the balance off the overdraft. thanks.