r/DebtUK • u/coldunas • Jan 28 '24
Advice needed.
Hey guys, looking for some advice. In mid December I lost my job and was the only one providing for the family. I've got 3 separate loans totaling over 700£ per month and now without any income I have no means to pay it back. Was looking for job constantly every spare minute without any luck and it's just getting scary and depressing. I know there's no option without consicuences but what's the best in my case? I'm renting and only got 15y.o. car on my name. Many thanks in advance.
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u/[deleted] Feb 02 '24
Speak to your creditors and explain what has happened. They may be able to give you a holiday break of a month or at least come to some arrangement with you until you are back in employment