I felt very low when I last posted here but now I think it needed to be done. At some point maybe I can start at the beginning; I don’t feel quite ready to face those demons now.
I had a fresh start three years ago but made the mistake of doing it wrong. It was an easy fix. My lesson from today is please don’t go down the route of a consolidation loan. I tried it many times. Too many times. It was suggested by my bank in 2015 and that’s how it all started. It ended up with me having a secured loan on the house.
Then at the start of the year when it was all going wrong I planned to take another loan. In some ways I’m grateful that it was pulled and the next best one was terrible even to my desperate mind. I looked for another way and have decided to go into a management plan. So far all the creditors I have had to speak to have been quite, dare I say it, kind. I am under no illusion though that they were happy to squeeze me for all they could by putting up my interest rates. Genuinely I think this should be classed as an addiction. I got myself addicted to credit and the feeling of buying things.
It put it into perspective when one company took off the late payment fee and waived two months of interest after I told them about my difficulties. I saw that the interest was around £50 per month and I’ve been paying that for probably a year, maybe two. I feel that they have had all they can and now can take the hit of having to stop charging interest.
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