Hi,
I am in severe finacial difficulty and I have decided to post up my problem here to see what advice people can offer.
I was travelling for a year or so and then when I came home I didn't cut my cloth to measure and I have being living beyond my means for the last two to three years......
This is the situation I am in and I have accepted that so I would appreciate if people didn't lecture me about getting in the situation...spilt milk and all that....I want to work on getting out of the situation......
Debts.....
Bank Of ireland 11,186.82
Bank Of ireland 7,386.23
Visa BOI 4,308
Visa MBNA 8,106
Credit Union 11,000
Total 41,987.12
Money Saved....
Credit Union: 6,000
SSAI(MAturing next May/June) 15,000
Monthly Outgoing
Loan 1 Bank Of Ireland 187.82
Loan 2 Bank Of Ireland 396.37
Credit Union 250
Rent 400
SSAI 254
VISAS9min Payment) 250
TV 35
Phone And Internet(needed for job) 65
ESB 35
OIL 50
PETROL 250
GYM 58
Misc 24
Sum 2255.19
Monthly Income
Income 2500 (In to hand after pension and VHI taken out)
Partime Job(Varies but on average about 1000 in to hand)
I don't have a house or morgage. I asked BOI last Thurs for a all in consolidated loan for about 38,000 and they said they wouldn't support my MBNA CC or credit union loan.
I would like to get a consolidated loan at low interest rates over 5 to 7 years.....Pay 10,000 of my ssai in to it next year. Try and save money at the same time and lump it in off the loan if I can as I go along.
Any feedback would be greatly apreciated. I understand that I have to stop living beyond my means and get my act together.
Thanks in advance,
TomThumb1