Interesting case study if somebody would be kind enough to give their opinion please:
Monthly Income
Monthly After Tax: 4,350.00 (inclusive of income from second property)
Monthly Outgoings
Family Home (Mortgage): 2,400.00 (No arrears but in NE)
Investment property: 120.00 (No arrears but in NE)
Unsecured Debt: 200.00 (100k of unsecured debt. €200 Paid by agreement)
Food bill: 240.00
Heat: 40.00
Electric: 50.00
House ins: 30.00
Life Policy: 25.00
Health Ins: 45.00
Misc: 200.00
Revenue: 500.00 (Paying off a debt of 15k)
Left over: 950.00
The above case (individual) is exhausting a PIA. They were turned down for a DSA as PIP wants the family home restructured to allow for the unsecured debt to be cleared off as best as possible. It has also being suggested that the mortgage debt be drastically reduced in interest rate.
The above is neither our friend who I have mentioned in other threads who is also exhausing a PIA process nor is it myself but an individual we have meet along the way.
Monthly Income
Monthly After Tax: 4,350.00 (inclusive of income from second property)
Monthly Outgoings
Family Home (Mortgage): 2,400.00 (No arrears but in NE)
Investment property: 120.00 (No arrears but in NE)
Unsecured Debt: 200.00 (100k of unsecured debt. €200 Paid by agreement)
Food bill: 240.00
Heat: 40.00
Electric: 50.00
House ins: 30.00
Life Policy: 25.00
Health Ins: 45.00
Misc: 200.00
Revenue: 500.00 (Paying off a debt of 15k)
Left over: 950.00
The above case (individual) is exhausting a PIA. They were turned down for a DSA as PIP wants the family home restructured to allow for the unsecured debt to be cleared off as best as possible. It has also being suggested that the mortgage debt be drastically reduced in interest rate.
The above is neither our friend who I have mentioned in other threads who is also exhausing a PIA process nor is it myself but an individual we have meet along the way.
