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yup
Guest
Hi, I hope I can get some help here... I seem to have gotten myself into a mess that I can't see any way out of...
The problem is that I now have three loan agreements, as well as a mortgage... I am struggling big time. I've reached the end of my overdraft, have maxed out my credit card.
Loan 1 repayment: 186 p.fortnight (9000 remaining)
Loan 2 repayment: 149 p.fortnight (2200 remaining)
Loan 3 repayment: 182 p. month (11000 remaining)
Mortgage: 700 p. month (200, 000 remaining)
So, all in all I'm paying approx. 1600 a month in loan/mortgage repayments.
My net income is 2000... so I have 400 a month left for bills and to live on.
I had intended on paying off Loan 2 by the end of this year but I was involved in a car crash in September and, to cut a long story short, I had a HP agreement and ended up having to pay the HP company the loss of the car and getting a new Loan to cover the new car. Thus I started paying for my car a lot sooner than I had planned (wasn't due to start repayments on the car until Mar 2010).
I'm also out extra health expenses due to the crash... so that is now adding to the burden.
Also due a pay cut in January, so I have no idea what I'm going to do... I'm looking ahead at 2010 and can't see any light at the end of the tunnel.
My mortgage is with AIB... would they allow me a payment break to pay off Loan 2 (which is also with them) and pay off my credit card (also with them).
I honestly don't know where to turn...
The problem is that I now have three loan agreements, as well as a mortgage... I am struggling big time. I've reached the end of my overdraft, have maxed out my credit card.
Loan 1 repayment: 186 p.fortnight (9000 remaining)
Loan 2 repayment: 149 p.fortnight (2200 remaining)
Loan 3 repayment: 182 p. month (11000 remaining)
Mortgage: 700 p. month (200, 000 remaining)
So, all in all I'm paying approx. 1600 a month in loan/mortgage repayments.
My net income is 2000... so I have 400 a month left for bills and to live on.
I had intended on paying off Loan 2 by the end of this year but I was involved in a car crash in September and, to cut a long story short, I had a HP agreement and ended up having to pay the HP company the loss of the car and getting a new Loan to cover the new car. Thus I started paying for my car a lot sooner than I had planned (wasn't due to start repayments on the car until Mar 2010).
I'm also out extra health expenses due to the crash... so that is now adding to the burden.
Also due a pay cut in January, so I have no idea what I'm going to do... I'm looking ahead at 2010 and can't see any light at the end of the tunnel.
My mortgage is with AIB... would they allow me a payment break to pay off Loan 2 (which is also with them) and pay off my credit card (also with them).
I honestly don't know where to turn...