lizannecasey
Registered User
- Messages
- 24
Age: 34
Spouse’s/Partner's age: None - separated with two children
Annual gross income from employment or profession: 53k
Type of employment: IS Analyst developer
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending more than I earn
Rough estimate of value of home paid €272,000k in 2007
Amount outstanding on your mortgage: 251,000K
What interest rate are you paying? 5.4%
Other borrowings – car loans/personal loans etc
Personal Loan €3200
Credit union Loan €36000
Do you pay off your full credit card balance each month? Personal loan to pay credit card debt. Have gotten rid of Credit card.
If not, what is the balance on your credit card? 0K
Savings and investments: €9000 in Credit union but can’t touch it because of loan
Do you have a pension scheme? yes
Do you own any investment or other property? no
Ages of children: 9 and 5
Life insurance: €37 per month
Mortgage arrears €2492
Mortgage €1396pm (changed to a fixed rate before things started going bad and would cost me €8666 to change to variable)
Personal Loan €3200
Credit union Loan €36000
Utilities 150pm (ESB, Bin charges)
Oil – owe €200. costing approx €100 per month
Childcare 200pw (paid by my ex)
Phone bill €90pm (bill pay with meteor)
Cars (petrol, tax, insurance) 170
Health insurance 105pm
TV/Internet 55pm (sky and 02 broadband – cancelling soon)
Food etc 400pm
I’m panicking about the mortgage arrears. I’m cutting out as much as I can. I don’t go out at weekends. I purchased my house in 2007 on my own and I pay the mortgage on my own. I have my two children to support and I have a good job. When I purchased the house my mortgage was only €950 but then my TRS was capped and it increased to €1160pm. I didn’t realize that the TRS was capped after 8 years of purchasing your first home. My own fault I know but I wouldn’t have bought the house if I knew what I know now. I had to take out a Credit union loan to help purchase the house. I pay back €257 fortnightly straight out of my salary. I got into arrears at Christmas for December 2008 and January 2009. I have paid Feb and march.
I have phone the EBS and to be quite honest I found them very condescending and not helpful at all. All the debt sites tell you to contact the lenders immediately but I won’t be talking to them again. I know I’m behind and I don’t need them making me feel any worse.
Can anyone tell me what the minimum is that can be paid back? I’ve paid €500 and I agreed that I would pay €500 per month but I won’t be able to. I did take on an evening job in a Gym but because I’m on a high tax bracket it worked out that I was earning €9 for 3 hours work. I had to give €7 to my mam to get a taxi home as she was babysitting for me. The kids were in bed by the time I finished so I couldn’t drive her myself.
Spouse’s/Partner's age: None - separated with two children
Annual gross income from employment or profession: 53k
Type of employment: IS Analyst developer
In general are you:
(a) spending more than you earn, or
(b) saving?
Spending more than I earn
Rough estimate of value of home paid €272,000k in 2007
Amount outstanding on your mortgage: 251,000K
What interest rate are you paying? 5.4%
Other borrowings – car loans/personal loans etc
Personal Loan €3200
Credit union Loan €36000
Do you pay off your full credit card balance each month? Personal loan to pay credit card debt. Have gotten rid of Credit card.
If not, what is the balance on your credit card? 0K
Savings and investments: €9000 in Credit union but can’t touch it because of loan
Do you have a pension scheme? yes
Do you own any investment or other property? no
Ages of children: 9 and 5
Life insurance: €37 per month
Mortgage arrears €2492
Mortgage €1396pm (changed to a fixed rate before things started going bad and would cost me €8666 to change to variable)
Personal Loan €3200
Credit union Loan €36000
Utilities 150pm (ESB, Bin charges)
Oil – owe €200. costing approx €100 per month
Childcare 200pw (paid by my ex)
Phone bill €90pm (bill pay with meteor)
Cars (petrol, tax, insurance) 170
Health insurance 105pm
TV/Internet 55pm (sky and 02 broadband – cancelling soon)
Food etc 400pm
I’m panicking about the mortgage arrears. I’m cutting out as much as I can. I don’t go out at weekends. I purchased my house in 2007 on my own and I pay the mortgage on my own. I have my two children to support and I have a good job. When I purchased the house my mortgage was only €950 but then my TRS was capped and it increased to €1160pm. I didn’t realize that the TRS was capped after 8 years of purchasing your first home. My own fault I know but I wouldn’t have bought the house if I knew what I know now. I had to take out a Credit union loan to help purchase the house. I pay back €257 fortnightly straight out of my salary. I got into arrears at Christmas for December 2008 and January 2009. I have paid Feb and march.
I have phone the EBS and to be quite honest I found them very condescending and not helpful at all. All the debt sites tell you to contact the lenders immediately but I won’t be talking to them again. I know I’m behind and I don’t need them making me feel any worse.
Can anyone tell me what the minimum is that can be paid back? I’ve paid €500 and I agreed that I would pay €500 per month but I won’t be able to. I did take on an evening job in a Gym but because I’m on a high tax bracket it worked out that I was earning €9 for 3 hours work. I had to give €7 to my mam to get a taxi home as she was babysitting for me. The kids were in bed by the time I finished so I couldn’t drive her myself.