debt help

[littlemiss74]

the last 2 years iv managed to blow �13.000 on loans and credit cards. stupid i know and i could afford the monthly payments but my working hours have been cut leaving me stuck. in the same week i fell out with parents who iv been staying with since split with hubby so now need to move also. im earning say roughly �650 a month at the min which goes knowhere. my credit rating is poor due too applying for to many loans and as i have more than enough credit cards etc so dont think i can get a loan to concilidate...by the time i pay rent etc iv not much money left...could i get a mortgage maybe with enough to pay debts to so there will be only 1 monthly payment or the credit consumer people?? any advice at all will be great as this is really stressing me out xxxx

[CheekyChops]

With a credit rating like that you will not get a mortgage from any normal lender, only one that charges astronomical rates. A mortgage is a loan on a property or to buy a property and based on your earnings, you are unlikely to be able to get a mortgage large enough to buy a house/flat anyway.

Speak to the CAB or one of the Debt Management Companies, they will be the best people to advice you.

In answer to your other question, Payment Protection Insurance (or whatever it is called) doesn't usually pay out if you work less hours. Unfortunately I was in the same situation last year, got made redundant and was working temporarily for an agency for loads less. I couldn't claim on my loan / card protector insurance and came to the conclusion I would have been better off signing on and getting my debts paid :-(

[littlemiss74]

cheers mate.....sad is'nt it but yes all my debts and my rent would be paid if not working with a wee bit of spending money to xx