Q&A

What to do next....

Hi there, Myself and my partner are both 24 years old. We both work full time, and have a mortgage with the Halifax for our first home which we bought 13 months ago. I have 3 credit cards with a combined balnace of around £3500, but as I earn a good salary this is perfectly manageable. We also have a couple of bits of finance which is interest free, for furniture. We have been getting by reasonably well, paying off more than miniumum payments when we can, putting a little away for emergencies or holidays and living a decent lifestyle. My partner has dropped a bomb on me this week. He has a gambling addiction, and has run up an overdraft of £3000 with the Halifax- who also hold our mortgage. I am obviously distraught about the lying and deceipt but to be honest I am more concerned about the financial implications right now. I do not know how we can pay this back- the maximum we can afford is about £150 a month, this will take years. He has gradually increased the overdraft, meaning lots and lots of credit search done on him in a short period so no doubt his credit rating will be screwed- no option to get a low interest loan, or credit card. I know it is a long shot but I thought I would ask if anyone has any ideas to help me/us? I am from a family who has been bankrupt in the past and I worry about money alot- I am worried about the mortgage, and how this is going to affect everything we want to do for years to come. Thank you for reading this. Ali