We have a lot of unsecured debt (~50k) and also a healthy income (55k p.a). We have a credit card which is being serviced at 150 per month interest and i'm just wondering how long I would 'get away' with not paying my other loans (no problem increasing payments after a while to clear arrears), and paying off this blasted 10k credit card debt...
This is a question and, as my last post, don't need to lecture me on morals. My health and marriage are now at risk (recently admitted to hospital with heart problems and stress caused by my debt and FYI i'm 35 years old).
I need to sort this debt out but if I was to lose my job through ill health, the banks would have a lot less than 55k p.a. to take the repayments from
Any help appreciated
Cheers
This is a question and, as my last post, don't need to lecture me on morals. My health and marriage are now at risk (recently admitted to hospital with heart problems and stress caused by my debt and FYI i'm 35 years old).
I need to sort this debt out but if I was to lose my job through ill health, the banks would have a lot less than 55k p.a. to take the repayments from
Any help appreciated
Cheers