I have a mortgage on my primary residence, which is a couple of thousand in arrears. It's not much - I had lost my job in January and had a traffic accident which meant I couldn't work. I missed a few payments as I was in hospital (always paid i/o) which at July were around 10k on a 190k mortgage (original mortgage 263k in 2004, always paid to date since 2004).
I did the MARP process, but just as I was being evaluated, I received a job offer of 6 figures. I started this in July, and since then am paying my usual amount (1152) plus 1500 towards arrears. Assessor has deemed my mortgage affordable (which it is) and I've been excluded from MARP (rightly).
My arrears as of today are 4k. Yet I'm still getting letters about legal action - I rang today, and BOI said I had to fill out an Income and Expenditure Sheet and they would tell me what I could pay.
My issue is that my salary at the moment is very good, but my contract is up next week! I'm pretty sure it'll be renewed, but is on a 3 month basis rolling. I would like to pay off my credit card (about 1k). I'm worried that if I do engage with BOI that they will tell me that I can afford more - which right now I can - but I have absolutely no certainty as to where this contract will go, and I would like to have a buffer.
Any advice, please?
I did the MARP process, but just as I was being evaluated, I received a job offer of 6 figures. I started this in July, and since then am paying my usual amount (1152) plus 1500 towards arrears. Assessor has deemed my mortgage affordable (which it is) and I've been excluded from MARP (rightly).
My arrears as of today are 4k. Yet I'm still getting letters about legal action - I rang today, and BOI said I had to fill out an Income and Expenditure Sheet and they would tell me what I could pay.
My issue is that my salary at the moment is very good, but my contract is up next week! I'm pretty sure it'll be renewed, but is on a 3 month basis rolling. I would like to pay off my credit card (about 1k). I'm worried that if I do engage with BOI that they will tell me that I can afford more - which right now I can - but I have absolutely no certainty as to where this contract will go, and I would like to have a buffer.
Any advice, please?