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how do I cope with a life of debt?

I am 31 year old woman who works full time. I earn a good salary for my position and although I hate my job with a passion it wouldnt be wise to move just yet. Since I was old enough to get a credit card I have had debt! This started when I lived in London and couldnt keep up with the lifestyles of colleagues and friends. I then had to buy a new car as my other died on me and I had to insure it fully comp/biz because of my job so this add to the debt. Then I was duped by a solicitors firm who promises me 9k and all i got was 1k, i took a risk to get on the property ladder by borrowing 5k. I then moved into house and found it needed loads of repairs,,, now I am in negative equity. My salary covers all my outgoings and debt BUT this is going to be the case for years and years. I have consolidated it but cant do it anymore. i have a wonderful partner who is older than me and we have just found out we cannot have kids (not that I would be able to afford them) so what do I make of my life now??? stuck in doors for years to come trying to keep up with my partners life. its making me down in the dumps and I keep wishing for them lotto numbers to pop up (dont everyone) but it aint going to happen. i dont dream about being rish i dream about how my life is going to be stuck in doors day in day out! not very stimulating is it. wouldnt debt management black list me, my friend is on this and she pays something about 90 quid a month for owing 40k but she is black listed now. i no longer live in london but in the countryside, i buy my clothes from primark not prada!

Asked By: Genuine Person! - 1/22/2009
Best Answer - Chosen by Asker
You sound like someone that needs a hobby or something else to focus your mind on, apart from dreaming of being rich. Still keep doing the lottery though, just in case.
Answered By: Scooby Doo 3 - 1/22/2009
Additional Answers (14)
If you're struggling with debt, try here - http://www.debtfreehelpline.co.uk/?adgroup=CAB+keyword=citizens_advice+matchtype=Exact - or here - http://www.citizensadvice.org.uk/
Answered By: taz c - 1/22/2009
 
Work towards getting rid of the debt. Live within your means, and don't get credit unless you have to. Cut up the credit cards and get a debit card. Im 27, and ive managed to live without any debt except a student loan. I have had to live within my means though, going without certain things. And learn to live by saving... More
Answered By: Sparky Gin and Tonic - 1/22/2009
 
would a debt management plan not be easier for you at least you would have money to live on after paying the debt and its one lower payment it may take a long time but you will be debt free in five years
Answered By: rennickelizabe - 1/22/2009
 
Stop borrowing money to buy things... More
Answered By: emucompboy - 1/22/2009
 
First write down all your out goings, eg rent rates etc, then collect all recepts that you purchase for a month, then look at the receipts and decide what you did not need, the following month do not buy them, thenuse the money that you saved to pay the debt. I did this and paid off loads
Answered By: helly - 1/22/2009
 
The bookstore has wonderful books. My two favorites are: Dave Ramsey Credit repair for dummies. You can do this yourself. You can do this. /
Answered By: Judy - 1/22/2009
 
Theres plenty of people out there who are in debt and are just digging a deeper hole for themselves by getting into more debt. If you dont do nothing about it now imagine how bad you will fill this time next year or in 5 years, if you get my point? Get help now, speak to someone in your local area?
Answered By: Boontee - 1/22/2009
 
1. Cut out all the stuff that you don't need. Such as alcohol and cigarettes... More
Answered By: No name. - 1/22/2009
 
For years I lived with nothing material... More
Answered By: spundtucker - 1/22/2009
 
I understand that you are in a depressing situation, having been there myself in the past. Take heart there is light at the end of the tunnel. You should not try to learn to live with debt, but rather deal with the debt and you will be happier in all areas of your life. Just taking positive steps will make you feel... More
Answered By: BBBB - 1/22/2009
 
You may not want to consider a debt management plan but to me it seems like a good option... More
Answered By: blondie - 1/22/2009
 
join the crowd ,did you learn ,if you did,now the healing can begin.if you learned,you have found that keeping up with the jones' is just a road to debt ,you might have also learned the jones' are in a financial mess also. tighten your belt you have made your bed ,cut out frivolous expenditures. if you are living in a... More
Answered By: tholeeder - 1/22/2009
 
The best thing to do will be to go for an IVA, then the debt should be written off in five years.
Answered By: Paula O - 1/22/2009
 
You could consider a debt management plan for budgetting, but the debts will not go away. The only way to get debts cancelled legally is if they are on credit cards or personal loans taken out before 1 April 2007. The website www.bdebtfree.info will help you do this.
Answered By: evie - 1/26/2009
 
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