Age:
27
Spouse’s/Partner's age:
31
Annual gross income from employment or profession:
E40 (Net 2900)
Annual gross income spouse:
0
Type of employment:
Private sector
Expenditure pattern:
Poor Money Management. Small over spend for 4 years, V high rent before home purchase.
Rough estimate of value of home
E150,000
Mortgage on home
E250,000 100% mortgage over 30 years (commenced 2009)
Shared Ownership with DCC
Owing E240,000 - we've been paying our mortgage for 2 years now.
5/6 missed payments to date.
Mortgage provider:
Dublin City Concil
Type of mortgage:
Fixed rate
Interest rate
5.39%
Other borrowings – car loans/personal loans etc
BOI Credit Card Visa: 3k
BOI Loan: 20K
Halifax Credit Card Visa: 5K
Family Loan: 2K
Mortgage Arrears: 6K
Do you pay off your full credit card balance each month?
No, pay off minimum | Extra when available
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 4
Life insurance:
Yes.
What specific question do you have or what issues are of concern to you?
I'm basically living hand to mouth every month, most months I need to take a small loan from the parents or sell something to get by (Put food on the table)
We dont drink or smoke.
Stuck in a rut the last 6 months with no end is sight.
The credit card dept is a killer (Used when we moved in - we bought an empty shell)
Also we cant make the payments on the 20K loan so expect this to go to court sometime in the future, went to mabs etc... and send in countless offers for payment, all rejected so I'm not too concerned about this. Will be happy when a judge means tests us and agree a sensible payment plan.
I'm looking for some advise the dept is clearly unmanageable for us or is it?
Thanks for any comments, Tom
27
Spouse’s/Partner's age:
31
Annual gross income from employment or profession:
E40 (Net 2900)
Annual gross income spouse:
0
Type of employment:
Private sector
Expenditure pattern:
Poor Money Management. Small over spend for 4 years, V high rent before home purchase.
Rough estimate of value of home
E150,000
Mortgage on home
E250,000 100% mortgage over 30 years (commenced 2009)
Shared Ownership with DCC
Owing E240,000 - we've been paying our mortgage for 2 years now.
5/6 missed payments to date.
Mortgage provider:
Dublin City Concil
Type of mortgage:
Fixed rate
Interest rate
5.39%
Other borrowings – car loans/personal loans etc
BOI Credit Card Visa: 3k
BOI Loan: 20K
Halifax Credit Card Visa: 5K
Family Loan: 2K
Mortgage Arrears: 6K
Do you pay off your full credit card balance each month?
No, pay off minimum | Extra when available
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 4
Life insurance:
Yes.
What specific question do you have or what issues are of concern to you?
I'm basically living hand to mouth every month, most months I need to take a small loan from the parents or sell something to get by (Put food on the table)
We dont drink or smoke.
Stuck in a rut the last 6 months with no end is sight.
The credit card dept is a killer (Used when we moved in - we bought an empty shell)
Also we cant make the payments on the 20K loan so expect this to go to court sometime in the future, went to mabs etc... and send in countless offers for payment, all rejected so I'm not too concerned about this. Will be happy when a judge means tests us and agree a sensible payment plan.
I'm looking for some advise the dept is clearly unmanageable for us or is it?
Thanks for any comments, Tom