F
Floating
Guest
Age: 25
Spouse’s/Partner's age: 25
Annual gross income from employment or profession: 33000 + Over-time & partime Job €9000 appox
Annual gross income spouse:29000 + part-time work 11000appox
Type of employment: e.g. full time
Expenditure pattern: In general are you spending more than you earn or are you saving? Yes
Rough estimate of value of home
Mortgage on home N/a - rent 800
Mortgage provider:N/a
Type of mortgage: Tracker, interest only, fixed rate
Interest rate
Other borrowings – car loans/personal loans etc
Personal Loans €6500
Partners Loans €15000
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? Both us about €11000
Savings and investments:None
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: N/a
Life insurance: n/a
What specific question do you have or what issues are of concern to you?
As you can see we are in major debt and at the moment there seem to be no way out, have approached a number of 0% credit card companies to transfer the balance but are been rejected(which is very frustrating and annoying), our own bank is also refusing to refinance the lot. So that we can't get out of the circle of credits cards, paying an average of €150 a month interest so every time we pay our CC it feels pointless by the time I open the next bill. We would love to buy a house but it seems pointless to even consider going to talk to a bank about a 100% mortgage considering our current position. We are both taken on part-time jobs to try and clear the debt but don't really seem to be going anywhere. How can we fix this? Are plan was to have our House by next March But I can't see this happening. Our debt is from a long travelling session and return to major family issues so not working on return for 5 month's. Our combined living cost a month is very low, cooking, socialing at home, shopping at lidi etc. so, not sure if I can cut our expenses in any other way than reducing the loans. Any suggests as to where to start
Spouse’s/Partner's age: 25
Annual gross income from employment or profession: 33000 + Over-time & partime Job €9000 appox
Annual gross income spouse:29000 + part-time work 11000appox
Type of employment: e.g. full time
Expenditure pattern: In general are you spending more than you earn or are you saving? Yes
Rough estimate of value of home
Mortgage on home N/a - rent 800
Mortgage provider:N/a
Type of mortgage: Tracker, interest only, fixed rate
Interest rate
Other borrowings – car loans/personal loans etc
Personal Loans €6500
Partners Loans €15000
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? Both us about €11000
Savings and investments:None
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: N/a
Life insurance: n/a
What specific question do you have or what issues are of concern to you?
As you can see we are in major debt and at the moment there seem to be no way out, have approached a number of 0% credit card companies to transfer the balance but are been rejected(which is very frustrating and annoying), our own bank is also refusing to refinance the lot. So that we can't get out of the circle of credits cards, paying an average of €150 a month interest so every time we pay our CC it feels pointless by the time I open the next bill. We would love to buy a house but it seems pointless to even consider going to talk to a bank about a 100% mortgage considering our current position. We are both taken on part-time jobs to try and clear the debt but don't really seem to be going anywhere. How can we fix this? Are plan was to have our House by next March But I can't see this happening. Our debt is from a long travelling session and return to major family issues so not working on return for 5 month's. Our combined living cost a month is very low, cooking, socialing at home, shopping at lidi etc. so, not sure if I can cut our expenses in any other way than reducing the loans. Any suggests as to where to start