All,
Badly need some advice re my current financial situation, I've got myself in a mess and need direction as to best way to get out & move forward in best manner possible, pls see a breakdown of my debts:
Mortgage 1200
Top up 25 K -120 PM
Car loan 10 K 3 yrs left - 320pm
Personal loan 10K 2.5yrs left - 385pm
Other loan 4 k 3 yrs left - 130pm
CC1 - 6.5K
CC2 - 6K
CC3 - 5K
I don't really want to go into how I got in this mess in the first place as it's too depressing at this point, what I will say it's a combination of things and I've learnt some hard lessons & am determine to get out of this mess. I've been thinking of combining all my loans and cc's into one loan of approx 45K, but am not sure if banks will provide such a large loan. I keep telling myself that this mess will be nearly over in 3 yrs as my loans will be complete then freeing up 800 euro per month. The CC's are really worrying me and hence this posting as I find myself dipping in each month and taking out my payments, thus getting nowhere in trying to get balance down.. I've believe I've a good credit rating which has helped get me in this mess ! & have never missed a loan or mortgage pymt. I was also thinking of completley re-mortaging with a new provider and starting a fresh with a morgage of approx 340-350 K.. if a provider would be willing ! IF anyone out there has any worthwhile suggestions, pls advice many thanks...