Age: 34
Spouse’s/Partner's age:34
Annual gross income from employment or profession: € 15,028
Annual gross income of spouse: € 10, 920
Monthly take-home pay €2,100
Type of employment:
I am in the private sector, my partner is a student on BTEA.
In general are you:
(a) spending more than you earn,
Renting/ no mortgage
Other borrowings – car loans/personal loans etc
Credit Union: €11,000 , paying €220 p/m
Aib VISA : €4600 paying €80 p/m
National Irish: €1000 paying €35 p/m
Halifax :€670 paying €35 p/m
Avant: €5100 paying €80 p/m
Also €1000 ESB bill, paying €152 per week fo r the next 6 weeks.
All bills and debts are in my name, my partner has no debts at all.
After all my usual bills including childcare is paid I have €330 left to pay the creditors.
I have agreed to pay €450 per month to my creditors but I cannot meet these payments and have tried to re negotiate.
Do you pay off your full credit card balance each month? no, all restructured and no interest charged.
Savings and investments:
None
Do you have a pension scheme?
No
Do you own any investment or other property?
No
Ages of children:
1 and 2
Life insurance:
No
What specific question do you have or what issues are of concern to you?
I am considering a debt management company handling my debts as I have restructured 3 times and I still cant afford the repayments.
If I stay as I am I have been told that my creditors will not accept a further reduction in payments by the collection sections. If I stay as I am, I will make payments for what I can afford and have to deal with the calls and letters from the companies and what ever legal action they decide to take.
If they accept what I can offer, they will be paid off in 5 years.
If I go down the debt management route, it will take 7 years and I will pay €330 once off payment and €49.50 per month.
What can my creditors do if I under pay on the arrangements that I have made with them?
[/B][/B][/B][/B]
Spouse’s/Partner's age:34
Annual gross income from employment or profession: € 15,028
Annual gross income of spouse: € 10, 920
Monthly take-home pay €2,100
Type of employment:
I am in the private sector, my partner is a student on BTEA.
In general are you:
(a) spending more than you earn,
Renting/ no mortgage
Other borrowings – car loans/personal loans etc
Credit Union: €11,000 , paying €220 p/m
Aib VISA : €4600 paying €80 p/m
National Irish: €1000 paying €35 p/m
Halifax :€670 paying €35 p/m
Avant: €5100 paying €80 p/m
Also €1000 ESB bill, paying €152 per week fo r the next 6 weeks.
All bills and debts are in my name, my partner has no debts at all.
After all my usual bills including childcare is paid I have €330 left to pay the creditors.
I have agreed to pay €450 per month to my creditors but I cannot meet these payments and have tried to re negotiate.
Do you pay off your full credit card balance each month? no, all restructured and no interest charged.
Savings and investments:
None
Do you have a pension scheme?
No
Do you own any investment or other property?
No
Ages of children:
1 and 2
Life insurance:
No
What specific question do you have or what issues are of concern to you?
I am considering a debt management company handling my debts as I have restructured 3 times and I still cant afford the repayments.
If I stay as I am I have been told that my creditors will not accept a further reduction in payments by the collection sections. If I stay as I am, I will make payments for what I can afford and have to deal with the calls and letters from the companies and what ever legal action they decide to take.
If they accept what I can offer, they will be paid off in 5 years.
If I go down the debt management route, it will take 7 years and I will pay €330 once off payment and €49.50 per month.
What can my creditors do if I under pay on the arrangements that I have made with them?
[/B][/B][/B][/B]