Age: 33
Spouse’s/Partner's age: 34
Annual gross income from employment or profession: 60000
Annual gross income of spouse:Home maker
Type of employment: e.g. Civil Servant, self-employed
PAYE worker
In general are you spending more than you earn or are you saving? YES
Rough estimate of value of home :No idea, paid 260k towards end last year
Amount outstanding on your mortgage: about 258k,paying 1100 a month
What interest rate are you paying? ECB+.75%
Other borrowings – car loans/personal loans etc
MBNA cc 15400(paying 750/month)
AIB cc 15000(paying 300/month)
car loan 6000(377/month
Friends First loan 8000(300/month)
Do you pay off your full credit card balance each month? NO
If not, what is the balance on your credit card? ~30,000
Savings and investments:
0
Do you have a pension scheme?
Yes
Do you own any investment or other property?
no
Ages of children:
2 pre-teens
Life insurance: just to cover house
What specific question do you have or what issues are of concern to you?
Currently struggling under weight of loans/repayments.
These are over 1700 month.
When I make a payment on cc, later in the month I need to use it for day-to-day living expenses.
I have an overdraft of 1200 and I currently have this at 3300.
So once I do get paid(about 3500). It's only a few hundred in credit.
I've talked to my own bank about consolidating but they told me all loan requests are done centrally so that request was refused. I asked for overdraft to be extended from 1200 to 3300 so that I'd not have the extra charges and they would not do this either.
I was looking for a loan of about 44-45k over 5 years, which would be about 910-920 a month.
The way things are going it will take me probably 10 years to come out the other side as I have extra charges no matter where I turn.
Appreciate any thoughts
Spouse’s/Partner's age: 34
Annual gross income from employment or profession: 60000
Annual gross income of spouse:Home maker
Type of employment: e.g. Civil Servant, self-employed
PAYE worker
In general are you spending more than you earn or are you saving? YES
Rough estimate of value of home :No idea, paid 260k towards end last year
Amount outstanding on your mortgage: about 258k,paying 1100 a month
What interest rate are you paying? ECB+.75%
Other borrowings – car loans/personal loans etc
MBNA cc 15400(paying 750/month)
AIB cc 15000(paying 300/month)
car loan 6000(377/month
Friends First loan 8000(300/month)
Do you pay off your full credit card balance each month? NO
If not, what is the balance on your credit card? ~30,000
Savings and investments:
0
Do you have a pension scheme?
Yes
Do you own any investment or other property?
no
Ages of children:
2 pre-teens
Life insurance: just to cover house
What specific question do you have or what issues are of concern to you?
Currently struggling under weight of loans/repayments.
These are over 1700 month.
When I make a payment on cc, later in the month I need to use it for day-to-day living expenses.
I have an overdraft of 1200 and I currently have this at 3300.
So once I do get paid(about 3500). It's only a few hundred in credit.
I've talked to my own bank about consolidating but they told me all loan requests are done centrally so that request was refused. I asked for overdraft to be extended from 1200 to 3300 so that I'd not have the extra charges and they would not do this either.
I was looking for a loan of about 44-45k over 5 years, which would be about 910-920 a month.
The way things are going it will take me probably 10 years to come out the other side as I have extra charges no matter where I turn.
Appreciate any thoughts