question category: Debt Management

Are we going to lose our home ?


I have today found out that my husband owes more than £20,000 on credit cards and loans that I was totally unaware he had .Our home is owned outright with both of our names on the deeds so is it a safe bet we are going to lose it ? We currently have a teenage daughter at home so does this offer us any protection at all .She is currently studying for exams and I am worried sick enough now .He doesnt work and I only work part time so we are in reciept of tax credits as my income is so low .Please can anyone help .

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Re: Are we going to lose our home ?

There are a variety of free debt advisors that can help you negotiate with the creditors and agree a repayment plan for these debts. It is not a certainty that you will lose your house, so do not worry that this will automatically happen. Please see our list of TOP DEBT ADVISORS on our homepage who can provide free advise, such as:

The Debt Advice Foundation Click here

 

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