Just read your post again, surely they couldn’t totally freeze it if the account itself is in good standing- not saying that they couldn’t inform me of a closure, but not withhold funds from wages etc- how would I be expected to feed my kids?

Thanks for the advice on the savings accounts, I’ll go with the ford one looks easy to setup. For the 2nd extra bank account, would monzo or chase be suitable?

Quick update- I’ve completed an I&E with step change, all online, so that I’ve a realistic budget and they advised that if I entered a dmp around £450 pcm- so I’ll aim to put that aside as a contingency each month. Obviously not intending to do this but at least I’ve got a reference number and have a budget worked out in a similar manner to the library on here. I’ve got my Starling bank parachute account setup, next step is to set my wages up for being paid into there, and I’ll create a sub savings account for the savings fund. I’ve cancelled all my non priority direct debits.

Really appreciate the non judgemental responses, thanks means a lot. that’s a really good idea about the savings fund, I’ll see if I can do that. As for the phone- will that work? Or do you think they’ll just go back to my existing number?

Going to buy a filing box to store them. Starling looks good, that’s who I’m going for. I really like the idea of the money management aspect of it too, going to need it Thanks

Thanks for the reply, Point noted re:very, and my van, appreciate it. credit file still clean currently. I’ll get the parachute account and income sorted for there. then stop all payments to non priority debts. ignore all until defaults registered then offer, in writing only, pro rata payments based on proportion of the individual debt vs available spare funds? I’ll keep reading all the self help materials here in the meantime so I’m ready. Thanks again

Hi, been reading up on the forums for a while, like a lot of others I’m in a mess. I’ve got a lot of unsecured credit that as interest rates have risen, has become unmanageable, It’s pretty embarrassing facing up to it, and I probably should have done this a lot earlier instead of robbing Peter to pay Paul. All debt is currently up to date but I’m paying out more than I get in. If I don’t face this now, I’ll end up missing priority debts out within a month or 2 max, or leave my disabled wife or kids short. Mortgage debt- £180000 over 2 mortgages, payments £1600 per month- TSB & 2nd charge from oplo (taken out to extend the house and build a shower room to help my wife) tsb open since 2007 and oplo 2019 Obviously they (with my ct and utilities) are must pay. unsecured debts current balances Aqua card, £6000 £300 pm opened 2016 MBNA cc £14000 opened 2019 £250 pcm Tesco card 1 £3000 opened 2019 £90 pcm tesco card 2 £1000 opened 2016 £40 pcm vanquis card £2600 opened 2013 £146 pcm very £4500 bnpl due November opened 2018 virgin money card £9300 opened 2019 £245 pcm zopa credit card £3000 opened apr 2022 £90 pcm zopa loan 1 £9700 only opened jan 2023 £300 pcm zopa loan 2 £8200 opened march 2022 £220 pcm nb - I’ve had a number of zopa loans paying off then refinancing- so I’ve been in debt to them for about 3 years sky mobile devices - £2700 - £146 pcm opened 2019 elfin market - £1900 - £90 pcm opened 2020 Livelend loan £7500 - £246 pcm opened 2019 mycommunity bank - £9200 - opened 2021- £300 pcm novuna - £521 - £23 pcm opened 2019 secure trust - £850 £21 pcm opened 2022 TSB unsecured loan - £20000 - £491 pcm - opened 2022 TSB credit card - £3500 - £100 pcm - opened 2007 duologi finance - £2000 - £70 pcm - opened 2021 ive also got studio account with no balance, 1 capital one card with £500 with no balance I’ve a car that could possibly fetch £12-14k (camper van I did up) but if I just sold that, and carried on, that would literally only buy me a couple of extra months. i figure I’ve got to do some kind of arrangement with TSB. They are my current account provider, and following the advice here I’ll setup a parachute account with starling. However they also have my main mortgage, happy to take advice from here. I have to pay very, I’ve family who work in the back office. I couldn’t face them chasing me for payment. I earn approx £4500 after tax pcm, have 2 kids and a wife whom cannot work due to illness, and built a lot of the above up when building costs overran, and later burying my head in the sand. All solely in my name i would be happy to setup pro rata payments that are sustainable, but if I have to play hardball to get there- so be it. thanks in advance for the understanding.