I am struggling paying my credit card minimum payments each month and have now missed two payments.

I have 9K with 3x different credit cards(one of them being 29.9apr!) and 12k unsecured loan (7.9apr% due to finish in 3 years). I was refused balance transfer onto lower interest rate(presume as I"ve missed some payments.

In an attempt to manage my monthly outgoings I approached my loan company and asked them to consilidate my credit card and loan they declined my loan request(unsecured).

My mortgage company cannot offer me any further funds.I am already on an interest only mortgage.

I feel my options are:-

a)Request reduce payments on my credit cards and put my house up for sale(if it sells under the current climate??..)

and clear my debts with the profit I have in the house and purchase a smaller property. I am concerned this will seriously affect my credit worthiness.

b) Obtain a secured loan to clear all my debts-dont really want to do this.

Please advise??...not sure what to do ....

If you take option (a) who's going to give you the mortgage for the new property?

If you take option (b) who's going to give you the secured loan, and can you affiord it any better than your existing debts?

Option (c), some serious debt counselling, seems to eb a good idea to me.