riverrushes
Registered User
- Messages
- 9
The other thing that is confusing is the fact you have said Yes to "do you own any investment or other property". I don't know how they all hang together and what levels of debt and/or equity you have on those.
If you have equity in the investment or other property, I think you need to seriously consider selling this and paying down the debt, if you are in a position to do so.
Other borrowings – car loans/personal loans etc 48,000
Do you pay off your full credit card balance each month? No
If not what is the balance on your credit card. 16,000
Savings and investments: Credit union 8,000
It all depends on whether the OP will be able to refinance the loan (unlikely in the short term) and whether fixed rates will drop in the next 12 months.GNF is also right about fixing with BoI. However, I would fix for one year, rather than three.
Not sure I agree with this. As @Gordon Gekko says, this is the OP's security blanket in case anything goes wrong and they need money in an emergency. Given current levels of debt, it is unlikely they would be able to borrow money elsewhere for emergenciesPut the 8k of the credit union immediately into the Credit card account.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?