G
ger2003
Guest
Hello all, would greatly appreciate any advice re below. My wife just started work again in January on 3 day week. For the last couple of years were living on mainly just my income and childrens allowance
Age: 43
Spouse’s/Partner's age: 40
Annual gross income from employment or profession: 35000
Annual gross income of spouse: 12000
Monthly take-home pay 3200 combined
Type of employment: e.g. Civil Servant, self-employed . We are both in private sector industry
In general are you:
(a) spending more than you earn, or . A - spending more
(b) saving?
Rough estimate of value of home 140000
Amount outstanding on your mortgage: 175000. €920
What interest rate are you paying? 2%
Other borrowings – car loans/personal loans etc
Credit card €8000 (maxed) . €220
Credit Union €9000- €280
Loan to a relative €5000 - paying back €200 per month 12 months left.
H.P €350 (7 months left)
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card? 8000
Savings and investments:have 3000 in credit union
Do you have a pension scheme? yes - have two - 1 is from previous employer
Do you own any investment or other property? no
Ages of children: 4 children 10 to 18
Life insurance: yes - only for 36k
What specific question do you have or what issues are of concern to you?
A lot of our debt was accrued due to a bad house move to what is now a ghost estate so we cut our losses and got out of there.
I have never missed payments on anything but in the last couple of years i tended to use the credit card to pay for clothes, doctors, occasional night out. The credit card is now maxd. I would like to get a loan so that i could reduce the interest I am paying. I am worried as an overtime ban has seriously reduced what I can earn. I cycle to work. My wife drives to work in 9 year old Peugeot. We dont smoke and rarely go out. Now that my wife is earning again but i still need to reduce outgoings.
Age: 43
Spouse’s/Partner's age: 40
Annual gross income from employment or profession: 35000
Annual gross income of spouse: 12000
Monthly take-home pay 3200 combined
Type of employment: e.g. Civil Servant, self-employed . We are both in private sector industry
In general are you:
(a) spending more than you earn, or . A - spending more
(b) saving?
Rough estimate of value of home 140000
Amount outstanding on your mortgage: 175000. €920
What interest rate are you paying? 2%
Other borrowings – car loans/personal loans etc
Credit card €8000 (maxed) . €220
Credit Union €9000- €280
Loan to a relative €5000 - paying back €200 per month 12 months left.
H.P €350 (7 months left)
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card? 8000
Savings and investments:have 3000 in credit union
Do you have a pension scheme? yes - have two - 1 is from previous employer
Do you own any investment or other property? no
Ages of children: 4 children 10 to 18
Life insurance: yes - only for 36k
What specific question do you have or what issues are of concern to you?
A lot of our debt was accrued due to a bad house move to what is now a ghost estate so we cut our losses and got out of there.
I have never missed payments on anything but in the last couple of years i tended to use the credit card to pay for clothes, doctors, occasional night out. The credit card is now maxd. I would like to get a loan so that i could reduce the interest I am paying. I am worried as an overtime ban has seriously reduced what I can earn. I cycle to work. My wife drives to work in 9 year old Peugeot. We dont smoke and rarely go out. Now that my wife is earning again but i still need to reduce outgoings.