I really need advice

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New Member

Date Joined Aug 2009
Total Posts : 1
   Posted 8/27/2009 7:35 AM (GMT -6)   

in 2003 I started working for a large insurance company and took out a share save scheme paying in £200 a month. After 3 yrs I was eligible to sell the shares but after 5 years i could take the shares out tax free.

In 2006 i was made redundant from thee company and was paid just under £3000 redundancy pay. I was very down at the time as I was in a managerial position and I enjoyed the job and the people I worked with. I decided that with my redundancy pay I would get away and do some travelling so I took a loan secured on my shares which I was due to cash in April 09 for extra money to take away.

At this time my shares were going through the roof as the insurance company brought out another leading company. I went travelling enjoyed myself and came back in june 2008. I still had some money left and with my shares looking very well and due to be cashed April 09 I took out a mortgage and put down £7000 up-front,

I found a good job doing estimations for office removals, unfortunately two months later the economy came crashing down, the company could no longer afford to keep me and as I was only working for 2 months was not eligible for redundancy pay.

 I could not find a new job anywhere and lost my home august 08 after being assured the government would help me out. For that home I am now in debt £22k as the home was sold for a fraction of my mortgage costs. To add insult to injury my shares had dropped from an expected £19k to £3k, this amount not even covering my loans. I am now £31k in debt without a job or a roof over my head. I have no idea what to do? my only relative is 82 yrs old and in an old peoples home. I've followed all the rules in life and done everything honestly and would like to think I've helpeed alot of people in life.

 I can't believe this has happened to me, I can't write off my debts as I received £3k and I can't apply for any benefits as I received $3k and I can't stay in the hostel more than 7 days for free as I don claim any benefits.

I'm in a really bad situation and it seems there is no way out? No one can help and everyone refers me round and round in circles. There are people in life that have sponged off the government and never worked that are doing quite fine now but people like myself who have always worked for what they have are living in hell.

one thing I have learnt is that when you are at rock bottom their is no way back up and the majority of people that can help look at you as scum. The same people that had the time of day for me when I was doing well for my self no longer are interested. I just have no clue on how this can get better


Post Edited By Moderator (stkitt) : 8/27/2009 8:25:02 AM (GMT-6)

Regular Member

Date Joined Jan 2009
Total Posts : 64
   Posted 8/27/2009 7:55 AM (GMT -6)   
I am so sorry to hear about your situation. I can relate in a small manner to working your way honestly and hard to the top and then due to no fault of your own losing it all.

I went through a horrible divorce and custody battle 3 years ago. I was unemployed at the time as well. Thankfully, during this it was my family I had that stood by me and supported me...financially...(not to good at all with the emotional part).

I was hired on at a job with a huge financial firm and regained my independence and started a new life for myself and my children....I did this on my own. I was so proud...happy....and knew if I could do this....I could do anything.

Unfortunately, a year and a half into my new wonderful job I fell ill....and was not able to recover and eventually lost my job....my townhouse....my savings was drained, and totally hit rock bottom.

I am 36. I need to start over...I'm not too happy about this...BUT I have to remember that no one is going to start my life over accept for me.

Be strong...be confident...try not to see others for how they treat you. There is a way up. Grab onto that ladder and take that first step and keep going. We may slip down a few rungs but hang on tight....as "time" does really matter....and eventually with time you will get back to the top.

Keep positive....and if you have a chance read my below quotation....I picked this up from one of my friends on FB...and I thought it was perfect for me and my life situation.

Take good care!!
DX:  Migraines w/o aura, NDPH, Meniere's Disease, vertigo, insomnia, and anxiety.
RX:  Propanolol, Compazine, Buspar, Celexa, Zofran, Midrin, Ultram, Toradol IM, and Benadryl IM.
"It isn't what you have, or who you are, or what you are doing that makes you happy or unhappy....it is what you think about"

Elite Member

Date Joined Apr 2007
Total Posts : 32602
   Posted 8/27/2009 9:33 AM (GMT -6)   
I am sorry to hear of your financial problems but you are not alone.  I know many people who have lost their jobs and homes, are raising children and some are even living with extended family.
Please do know there is light at the end of the tunnel but it feels to me like you would benefit from some counseling to help you deal with the emotional effects of your situation.
The financial crises is fueling chronic stress and limiting some people's ability to think clearly, control emotions and regulate bodily functions in a healthy manner.

Productive worry is thinking on situations you can control, and you should use productive worry to take actions that reduce stress and relieve anxiety.

Unproductive worry is thinking about things you cannot control,"

Take a break. Don't saturate yourself with stressful information. Stay informed, but take a news break.

Now is the time to take control of emotions and better regulate the mind-body stress response.

Put yourself number one right now.  Never give up......you are a good person going through  tough time.

I wish you peace,




Moderator: Osteoarthritis, GERD/Heartburn
Anxiety/Panic, & Depression
http://www.healingwell.com/donate *~*
"When you find peace within yourself, you become the kind of person who can live at peace with others."
Not a mental health professional of any kind

Elite Member

Date Joined Mar 2009
Total Posts : 20279
   Posted 8/29/2009 7:14 AM (GMT -6)   
peace and harmony to you. with loving compassion jamie.
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