For starters - thank you in advance for your thoughts on my situation - which I am disgusted to be in - unfortunately some people mess up once in life - this is my time - and I have no clue what to do.
Age:35 Single Female.
Annual gross income from employment:
Gross Pay
Actual gross income After Including Bonus's & Overtime Last P60 /2008: Euro54670.10. Total Net Tax Deducted E11,120.26.
Weekly Take Home Pay Now : E591.00 Basic - Averaging E700 when I include Overtime weekly & Bonus's. Pension [38 ]& VHI [17] supplement paid out before take home.
Type of employment: Private Sector Multi-National Corp. Promotion due within 2 months, resulting in raise/increment - factual, not pie in sky - figure not decided yet.
Rough estimate of value of home: 4 Bed Semi Detached. Last Valuation 3 Yrs Ago; 2 valuations @ E365,000.00, 1 @ E380,00.00. Since then I have built on garage & further upgraded fully landscaped decked garden etc..
Mortgage on home: Euro301,000 - 100% Mortgage - Paying 4 yrs now - Over 20 Years - Fixed at 4.99% until April 2010 - I have tried to buy out of this - spoke in length with bank - it would cost me most to do this - advised to hold out until April.
Mortgage provider: Bank of Ireland.
Monthly Mortgage Payment - E1667.00. Tax Relief of E163 received.
No Car Loan - own outright. No Cell Phone /BB Bill - paid by company.
Other Incomings; Normally 2 Tenants - 350@head per month. Right now awaiting new tenants - so no 700 extra a month - expect to have tenants within a month.
Savings and investments: Stocks - Right now I can exercise an amount of shares that will give me approximately Euro3000.00.
Do you own any investment or other property? No.
Ages of children:None. Life insurance:Yes.
What specific question do you have or what issues are of concern to you?Other Borrowings - Here is the Issue;
I Took out a Loan of 11000.00 to pay off Credit card bill 1.5 yrs ago - balance of 9000 on this now - paying 273.00 a month.
Current Credit Card Bill of Euro11,000 also - I have cut up card. Unfortunately I helped out a friend out of work and now am paying the price literally, my own stupid fault.
I need to clear off this 11,00 primarily - How Do I do it - Spoke to Bank - I asked for Loan to pay off this new 11,000, as I can manage the 273.00 for the 1st credit card loan [9000 now] - They will not give it to me. They can see I pay my credit card bill every month on time and up to 3 months ago I always paid off an extra 400 a month also - good history with them - Mortgage payments always on time and in full but no go on a 2nd credit card loan. Maybe I should have asked for a Personal Loan……….I really don’t know - I actually am an intelligent young lady but obviously not in this inst……at all.
Right now I can pay my mortgage, I can live, I'm not a shopper thank god, but this 11,000 specifically is hanging over my head with a big knot in my stomach and I have to do something about it - What do I do ? I have obviously tightened down on everything and taking in 2 tenants will help but…………………………?
Thank you for your thoughts - I do appreciate your time. JP
Age:35 Single Female.
Annual gross income from employment:
Gross Pay
38186.30
Notional Pay / BIK674.61
Deductions from Gross836.00
Taxable Pay38024.91
26600.00 @ Std Rate (a)5320.00
11424.91 @ High Rate (b)4684.21
Tax Credit (c)2829.10
Actual gross income After Including Bonus's & Overtime Last P60 /2008: Euro54670.10. Total Net Tax Deducted E11,120.26.
Weekly Take Home Pay Now : E591.00 Basic - Averaging E700 when I include Overtime weekly & Bonus's. Pension [38 ]& VHI [17] supplement paid out before take home.
Type of employment: Private Sector Multi-National Corp. Promotion due within 2 months, resulting in raise/increment - factual, not pie in sky - figure not decided yet.
Rough estimate of value of home: 4 Bed Semi Detached. Last Valuation 3 Yrs Ago; 2 valuations @ E365,000.00, 1 @ E380,00.00. Since then I have built on garage & further upgraded fully landscaped decked garden etc..
Mortgage on home: Euro301,000 - 100% Mortgage - Paying 4 yrs now - Over 20 Years - Fixed at 4.99% until April 2010 - I have tried to buy out of this - spoke in length with bank - it would cost me most to do this - advised to hold out until April.
Mortgage provider: Bank of Ireland.
Monthly Mortgage Payment - E1667.00. Tax Relief of E163 received.
No Car Loan - own outright. No Cell Phone /BB Bill - paid by company.
Other Incomings; Normally 2 Tenants - 350@head per month. Right now awaiting new tenants - so no 700 extra a month - expect to have tenants within a month.
Savings and investments: Stocks - Right now I can exercise an amount of shares that will give me approximately Euro3000.00.
Do you own any investment or other property? No.
Ages of children:None. Life insurance:Yes.
What specific question do you have or what issues are of concern to you?Other Borrowings - Here is the Issue;
I Took out a Loan of 11000.00 to pay off Credit card bill 1.5 yrs ago - balance of 9000 on this now - paying 273.00 a month.
Current Credit Card Bill of Euro11,000 also - I have cut up card. Unfortunately I helped out a friend out of work and now am paying the price literally, my own stupid fault.
I need to clear off this 11,00 primarily - How Do I do it - Spoke to Bank - I asked for Loan to pay off this new 11,000, as I can manage the 273.00 for the 1st credit card loan [9000 now] - They will not give it to me. They can see I pay my credit card bill every month on time and up to 3 months ago I always paid off an extra 400 a month also - good history with them - Mortgage payments always on time and in full but no go on a 2nd credit card loan. Maybe I should have asked for a Personal Loan……….I really don’t know - I actually am an intelligent young lady but obviously not in this inst……at all.
Right now I can pay my mortgage, I can live, I'm not a shopper thank god, but this 11,000 specifically is hanging over my head with a big knot in my stomach and I have to do something about it - What do I do ? I have obviously tightened down on everything and taking in 2 tenants will help but…………………………?
Thank you for your thoughts - I do appreciate your time. JP