Realisation

Realisation hit me. I am 14 thousand pounds in debt and I am living off the near minimum income for a single person in their late thirties.

I did a calculation on a money programme that even if i was to increase my payments to 11 times more than I pay at the minute to my debtors I would only be free of debt by 2107. This simply isn't good enough. I feel a sense of resposnsibility to pay back what I owe and start living in the red again.

How I got to this position is relatively unimportant but I will outline it briefly to you. Under the direction of my then husband I remortgage my house, took out a large loan and ran up an overdraft all in my name. Technically the debt should be halved but the chances of me getting money from my ex are negligible. I have learned from this huge and costly mistake. In addition I lost my job in 2008 due to illhealth and my house was repossessed, costing me an additional 7,000 which I didn't have. I am one of those statistics you read about in the paper. I'm not bitter I just want to do something to improve my situation so I don't have the cloud of debt over my head. Why don't you follow me on my journey?