If you are struggling with your debts then you will need to take drastic action, and this will mean a few years of tight budgets and no luxuries to help you get back on your feet again.
Mortgage
This can be a heavy burden on your monthly expenses, and rather than lose your house because you have missed repayments it can be a good idea to ask relatives if you could temporarily move in with them, and then but your home on the rental market for a couple of years until you are back on your feet again.
The rent will pay for the mortgage, and you may even have some left over to help cover other debts, and at the end you will still have a home to move back into.
Sell your car
It can be difficult to part with your car, but if you can cycle to work or get the bus/train then it can save you a lot of money on running costs if you sell your car, and you can also use the proceeds to pay a large chunk off your debts as well. When you are back on your feet you can start saving up for a new car again.
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