Scottish and English debt laws are different, so if you are a Scottish resident and have questions on debt, then this is the place to post.

Moderators: TalbotWoods, JaneClack

By laguna
#70135 I need some advice.

I registered a while ago and asked for advice on an unsecured bank loan and a couple of credit cards I have with Lloyds TSB.
I took the advice and opened an account with another bank to get my wages paid into. So far I have managed to keep up my payments with everything until now. I have now had a change of circumstances and I don’t think I can keep the payments up anymore.
I need to know what I do now.
At present I have,

£5000 loan

£9500 credit card

£3500 credit card

and a £750 overdraft

All the above are with Lloyds.

Is there any advice anyone could give me?
By JLP
#71094 Sorry for delay in replying-I havent been around.

You need to go to an advisor see http://www.moneyadvicescotland.co.uk who will give you a advisor in your area who can negotiate with Lloyds on your behalf.

They will work out a proper Income and Expenditure and see what you can afford to pay towards your debts without crippling you.