If you lack money then there are certain things that you could do in order to save money like reducing your expenses. It could be that you are using a landline and a mobile phone. Since you are out of the house in most times of the day then it would be prudent to stop paying for subscription fees of a landline phone in order to lower your monthly phone bills.
Or, if you have an extra room in your house then you could rent the room. You may also apply for a second job or work overtime on certain days to increase your income. If you still lack money or don’t have enough to pay the mortgage then ask debt advice from a Shelter who has dealt with repossession cases.
Talk to lenders and advisors about your situation and be really honest about it. Tell them how much you can really afford. Lenders need to know that you can pay them a certain amount regularly. Tell the lenders that you sought debt advice from expert advisors to show that you really want to make matters better. You can find advice and information at the Debt & Loan Info centre online.
