Ron_Goulding
Registered User
- Messages
- 14
Age: 28
Annual gross income from employment or profession: 38,000
Type of employment: PAYE worker
In general are you:
(a) spending more than you earn: Will be from now!
(b) saving: No.
Rough estimate of value of home: 290,000
Amount outstanding on your mortgage: 247,000
Other borrowings – car loans/personal loans etc: See Below
Do you pay off your full credit card balance each month: No
Savings and investments: None
Do you have a pension scheme: None
Do you own any investment or other property: No
Ages of children: None
Hello all,
I recently took a pay cut from my job and also my partner moved out of my house so I have lost her rental income. I have quite a big personal loan that i took out for further education.(hasnt paid off so far due economy) With the loss of rental income and loosing on average 500 a month from the pay cut, its leaving things very tight. I have a variable ECB tracker mortgage. My figures are listed out below:
9500 Credit union loan (4,000 in savings)
13,000 on 2 credit cards
48,000 personal loan
247,000 left on mortgage
With household bills and the above monthly payments and a small sum for food and petrol i work out that next month my income will be 2500 and my outgoings will be 2700. I have thought that the bank my remortgage me to clear the CC and CU loans but do i really want to loose my tracker mortgage.
Any advice would be helpful as I starting to get worried now and want to try do something before things get bad. I also only drive a car worth about 2,000 so i cant really downgrade that any more?
Annual gross income from employment or profession: 38,000
Type of employment: PAYE worker
In general are you:
(a) spending more than you earn: Will be from now!
(b) saving: No.
Rough estimate of value of home: 290,000
Amount outstanding on your mortgage: 247,000
Other borrowings – car loans/personal loans etc: See Below
Do you pay off your full credit card balance each month: No
Savings and investments: None
Do you have a pension scheme: None
Do you own any investment or other property: No
Ages of children: None
Hello all,
I recently took a pay cut from my job and also my partner moved out of my house so I have lost her rental income. I have quite a big personal loan that i took out for further education.(hasnt paid off so far due economy) With the loss of rental income and loosing on average 500 a month from the pay cut, its leaving things very tight. I have a variable ECB tracker mortgage. My figures are listed out below:
9500 Credit union loan (4,000 in savings)
13,000 on 2 credit cards
48,000 personal loan
247,000 left on mortgage
With household bills and the above monthly payments and a small sum for food and petrol i work out that next month my income will be 2500 and my outgoings will be 2700. I have thought that the bank my remortgage me to clear the CC and CU loans but do i really want to loose my tracker mortgage.
Any advice would be helpful as I starting to get worried now and want to try do something before things get bad. I also only drive a car worth about 2,000 so i cant really downgrade that any more?