User Input|
Type of household|Single Adult
Type of transport|Private Vehicle
No. of primary schoolers|1
Reasonable Living Expenses|€
Total Before Deductions|1,428.27
|
1,428.27
Less Child Benefits|(130.00)
Total Set Costs
|
1,298.27
Childcare|180.00
Total Costs
|
1,478.27
|€
Net Income|2,900.00
Total Net Income
|
€2,900.00
Reasonable Living Expenses|1,478.27
Available For Creditors
|
€1,421.73
You have sufficient income available to pay your mortgage repayment in full.
Could you get suitable accommodation for less than your mortgage repayment of €1,248?
How much would it cost to rent similar accommodation?
Forget your daughter's education - your problem is now
Pay off your creditors rather than build up savings. Your Credit Card is costing you around €600 a year in interest. Paying the€1,700 off it, would save you €300 a year. You are probably earning €40 a year on your savings. This makes no sense.
What discussions have you had with KBC?
You got a one year interest only period. What happened after that?
I had an extremely negative experience with my bank and this has meant that I was reluctant to contact them again.
You have to get over this. You can't resolve your problems without talking to KBC.
They have already given you an interest only period, so KBC is not all bad.
You need to be in the MARP. They might give you breathing space to pay off your expensive unsecured creditors, which should be your priority.