major problem

[gingerflaps]

my freind is in �25k of debt and just found out she is pregnant, is there anything she can say to the companies that will allow her to make a small payment each week untill its paid off, her husband is on the sick only earning �65 a week, she is planning on going back to work when the child is 6 months old, and he will stay at home, as he cannot physically work. what are ur views

[Mrs_Pegasus]

Contact either the CAB or CCCS.  Both can help with a recovery plan.  They can speak with her creditors and arrange for interest to be frozen and a lower repayment plan. 

I have heard a lot of good reports about CCCS because they are a charity and receive income from the credit companies who they work with/for.

�25k is a large debt in your friends position but its not unbeatable and there are many in a lot worse positions but as long as they are willing to work with their creditors I am sure they will be OK and have the time and money to enjoy their new baby.

[spammylou]

if council/private tennants I would say bankrupcy as it clears the lot and clears your mind too, the worry is far worse than the debt itself.  If they own their own home it would be much worse so I would not go down this route.

However, after the 2/3yrs is up (may be less now, bankrupcy rules have changed)  they may find it difficult to get credit but after racking up that much I don't think I would want to!!