Author Topic: WAYYYY Over My Head & Out Of Control  (Read 840 times)


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WAYYYY Over My Head & Out Of Control
« on: Aug 16, 2011, 11:53:33 PM »
I'm just wanting a bit of advice on what to do.
I've just turned 19, I'm sadly unemployed at the moment and in a lot of debt for my age.. Around £4000!

I'm getting a lot of debt collector letters and bailiff letters and I really dont know what to do, I simply cannot afford to repay these debts :( ..
Should I consider Bankruptcy? I know its a bit drastic, but at the moment I cant see any other way of dealing with it all..
Thanks guys xx

James Falla

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Re: WAYYYY Over My Head & Out Of Control
« Reply #1 on: Aug 17, 2011, 10:08:17 AM »
Hi there dione123
I assume that you are not a home owner. Given the amount of debt you have and that you have little or no income, the best solution for you would be a Debt Relief Order. This is an alternative to bankruptcy specially designed for people like you. Once you start the DRO your debts are taken away from you and after 12 months they are written off. You do not have to make any monthly payments and the initial cost is just £90. For more information about DROs have a look at [** sorry, no personal contact invitations allowed **].
Debt Expert & Author