Age: 26
Spouse’s/Partner's age: 26
Annual gross income from employment or profession:
25,000 - 28,000
Annual gross income of spouse:
13,000 (198/week disability & 63/week blind pension)
Type of employment:
Customer Care Executive
In general are you spending more than you earn or are you saving? Spend more than i earn i think.
Rough estimate of value of home None
Amount outstanding on your mortgage: None (Rent 700/month)
What interest rate are you paying? None
Other borrowings – car loans/personal loans etc
BOI Loan: 10k 230/month over 5 years. Balance 7,000
BOI Loan Partner: 4k 85/month. Balance 3,000 approx.
GE Money: 10k 205/month over 5 years. Balance 6,000
Providen Loan: 1k 50/week for 6 months
BOI Overdraft Closed: Was 1,000 Balance now 350 Paying 100/month
Car Insurance 75/month
Car Tax 77 every 3 months
No car loan
Shopping: This is awful but we dont do a grocery shopping, just live on takeaways which is our biggest downfall, 15/night approx. Its a nightmare trying to get out of the habit & cook properly. I'm not a great cook & i'm so tired when i'm home from work.
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card?
BOI Closed: Was 2,000 now balance is 850 (arranged to pay 100/month)
AIB Open: 2,000 i pay the arranged 25% per month however not clearing it.
Savings and investments: None
Do you have a pension scheme? None
Do you own any investment or other property? None
Ages of children: None
Life insurance: None
Bills:
ESB: 200 Bi Monthly ( My parnter is at home every day, however we dont cook, the only things that are on during the day is the TV & PC. At night the TV & PC also.)
Bord Gais: I was cut off almost 2 years ago when i couldnt pay a bill. I paid the full balance which was 1,000 in Dec o6, however if i want to get connected i have to pay 800euros up front as a deposit (this will not used for future bills - i will get this back at the end etc) So for 2 years i have had no heat in the house. We have been using a small fan heater to keep whatever room were in warm & during the winter i light the odd fire.)
Smart Telecom: We dont use the house phone & dont pay line rental, however we pay 40 euros per month for the broadband. 8mb download & unlimited download.
Sky: We have sky + & multi room, this is costing us 98 euros per month. We barely use it as we watch & download movies/tv shows from the computer. We are def going to get rid of sky sports & movies.
What specific question do you have or what issues are of concern to you?
From speaking with Mabs about my situation, the girl on the phone laughed at me & said there was nothing we can do for you. We only deal with people who are more seriously in debt.
I got the loans in the beginning because i thought i was cool & because i was able to get them. However it all fell apart for me. I was in big trouble with debt, having lots of arrears on my loans, which has left me with a terrible x on my name. I have now cleared off all the arrears and I tried to apply for a consolidation loan (which no bank will now touch me) I dont want to apply for any more loans in future. I feel that i am paying alot back each month. I have no savings, no pension, i am falling behind with bills ie just yesterday i paid 98 euros for sky & today i have received a new bill for the same amount. This seems to happen with all my bills, i just find it hard to pay up front & get in line & not be in arrears with them. I just want to be debt free, pay all my bills on time & start a savings account. My partner & I have been together almost 9 years now, but with the situation we find ourselves in (from fault of our own) there is no chance that i want to get a mortgage, get married & have kids etc.
Our plan is to clear all debt, save & travel for a few years (or until were 30 at least)
Spouse’s/Partner's age: 26
Annual gross income from employment or profession:
25,000 - 28,000
Annual gross income of spouse:
13,000 (198/week disability & 63/week blind pension)
Type of employment:
Customer Care Executive
In general are you spending more than you earn or are you saving? Spend more than i earn i think.
Rough estimate of value of home None
Amount outstanding on your mortgage: None (Rent 700/month)
What interest rate are you paying? None
Other borrowings – car loans/personal loans etc
BOI Loan: 10k 230/month over 5 years. Balance 7,000
BOI Loan Partner: 4k 85/month. Balance 3,000 approx.
GE Money: 10k 205/month over 5 years. Balance 6,000
Providen Loan: 1k 50/week for 6 months
BOI Overdraft Closed: Was 1,000 Balance now 350 Paying 100/month
Car Insurance 75/month
Car Tax 77 every 3 months
No car loan
Shopping: This is awful but we dont do a grocery shopping, just live on takeaways which is our biggest downfall, 15/night approx. Its a nightmare trying to get out of the habit & cook properly. I'm not a great cook & i'm so tired when i'm home from work.
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card?
BOI Closed: Was 2,000 now balance is 850 (arranged to pay 100/month)
AIB Open: 2,000 i pay the arranged 25% per month however not clearing it.
Savings and investments: None
Do you have a pension scheme? None
Do you own any investment or other property? None
Ages of children: None
Life insurance: None
Bills:
ESB: 200 Bi Monthly ( My parnter is at home every day, however we dont cook, the only things that are on during the day is the TV & PC. At night the TV & PC also.)
Bord Gais: I was cut off almost 2 years ago when i couldnt pay a bill. I paid the full balance which was 1,000 in Dec o6, however if i want to get connected i have to pay 800euros up front as a deposit (this will not used for future bills - i will get this back at the end etc) So for 2 years i have had no heat in the house. We have been using a small fan heater to keep whatever room were in warm & during the winter i light the odd fire.)
Smart Telecom: We dont use the house phone & dont pay line rental, however we pay 40 euros per month for the broadband. 8mb download & unlimited download.
Sky: We have sky + & multi room, this is costing us 98 euros per month. We barely use it as we watch & download movies/tv shows from the computer. We are def going to get rid of sky sports & movies.
What specific question do you have or what issues are of concern to you?
From speaking with Mabs about my situation, the girl on the phone laughed at me & said there was nothing we can do for you. We only deal with people who are more seriously in debt.
I got the loans in the beginning because i thought i was cool & because i was able to get them. However it all fell apart for me. I was in big trouble with debt, having lots of arrears on my loans, which has left me with a terrible x on my name. I have now cleared off all the arrears and I tried to apply for a consolidation loan (which no bank will now touch me) I dont want to apply for any more loans in future. I feel that i am paying alot back each month. I have no savings, no pension, i am falling behind with bills ie just yesterday i paid 98 euros for sky & today i have received a new bill for the same amount. This seems to happen with all my bills, i just find it hard to pay up front & get in line & not be in arrears with them. I just want to be debt free, pay all my bills on time & start a savings account. My partner & I have been together almost 9 years now, but with the situation we find ourselves in (from fault of our own) there is no chance that i want to get a mortgage, get married & have kids etc.
Our plan is to clear all debt, save & travel for a few years (or until were 30 at least)