Hi All
I'm hoping I can get some advice if possible
At the moment i'm drowning in debt & the company I work for is offering voluntary redundancy.
I owe
20000 to to the bank (pay 501 a month)
4000 to the credit union (pay 200 a month)
300 to a HP company (pay 50 euro a month)
8000 on a credit card (Pay 200 a month)
2000 euro to family (pay nothing at moment)
550 rent (paid monthly)
I earn 1800 a month and really cannot survive ive already missed a few payments and i am worried about my credit rating.
If I was to be accepted for VR i would get around 40000 euro , i'm thinking i should take it and clean the slate , I could try and get a new job as soon as possible but would not have to worry about taking a pay decrease etc because my outgoings would be minimal.
My mind is saying I would be mad not to go for it but a lot of me is thinking about the uncertainty around getting another job..
any advice would be appreciated.. I know I would be left with not much to play around with but im thinking a clean slate would give me more satisfaction than my current job.
Many thanks for reading
I'm hoping I can get some advice if possible
At the moment i'm drowning in debt & the company I work for is offering voluntary redundancy.
I owe
20000 to to the bank (pay 501 a month)
4000 to the credit union (pay 200 a month)
300 to a HP company (pay 50 euro a month)
8000 on a credit card (Pay 200 a month)
2000 euro to family (pay nothing at moment)
550 rent (paid monthly)
I earn 1800 a month and really cannot survive ive already missed a few payments and i am worried about my credit rating.
If I was to be accepted for VR i would get around 40000 euro , i'm thinking i should take it and clean the slate , I could try and get a new job as soon as possible but would not have to worry about taking a pay decrease etc because my outgoings would be minimal.
My mind is saying I would be mad not to go for it but a lot of me is thinking about the uncertainty around getting another job..
any advice would be appreciated.. I know I would be left with not much to play around with but im thinking a clean slate would give me more satisfaction than my current job.
Many thanks for reading