F
Frankkk
Guest
Age 36
Spouse age 37
My income e40,000
Spouse's income e15,000
Type of employment
Self employed
Part time worker
We definetly spend more than we have
rough value of home is e420,00
outstanding mortgage e224773
interest rate 4.390%
payments e1225 per month
Other borrowings
Here's where the problems begin!!!
Two Top up Mortgages
Number one for home improvements
borrowed e13,000@ 3.490%
e12,124 remaining
payments e59.32 per month
Number two home for improvements and debt consildation BIG MISTAKE!!
borrowed e45,[email protected]%
e44499 remaining
payments e291.31 per month.
No other loans due to the mistake above
Credit cards
Myself Ulster bank credit card e 4,500 owed
NOT PAYED FOR LAST TWO MONTHS [cant afford it, stupid i know]
Spouse owes e5,000 to MBNA
making the minimum payments.
Overdraft of e2,500
Which we are permanetly in
Small savings in credit union e1300
Pension stopped
No investment property
Chidrens ages 2, 4, & 8
Childcare costs e900 per month
Life insurance apart from on the mortgages, no
MY questions to you all is where do i start to sort all this out??
Our money simply runs out before the end of the month.
Credit card balance run up again after paying it off with debt consildation.
Problems paying my card, payments around e140 per month.[can i come to some agreement with them?]
We have a spread sheet with our incomings and outgoings and there is a surplus but we dont ever see it.
Should i get a loan to clear the overdraft and start a fresh with a tight budget?
Can i switch my credit card now i'm recently self employed??
Anything i could with our mortgages and the life assurance policies that go with them?
We will have roughly e500 extra in our budget come September due to a child starting to school
We stopped our mortgages for three months to sort this mess out and it has come to a point now where i am worried when they start again that we'll be in real trouble if we dont have a solution by the first of July.
Its all very stressful for all involved.
Any help will be greatly appreciated.......
Spouse age 37
My income e40,000
Spouse's income e15,000
Type of employment
Self employed
Part time worker
We definetly spend more than we have
rough value of home is e420,00
outstanding mortgage e224773
interest rate 4.390%
payments e1225 per month
Other borrowings
Here's where the problems begin!!!
Two Top up Mortgages
Number one for home improvements
borrowed e13,000@ 3.490%
e12,124 remaining
payments e59.32 per month
Number two home for improvements and debt consildation BIG MISTAKE!!
borrowed e45,[email protected]%
e44499 remaining
payments e291.31 per month.
No other loans due to the mistake above
Credit cards
Myself Ulster bank credit card e 4,500 owed
NOT PAYED FOR LAST TWO MONTHS [cant afford it, stupid i know]
Spouse owes e5,000 to MBNA
making the minimum payments.
Overdraft of e2,500
Which we are permanetly in
Small savings in credit union e1300
Pension stopped
No investment property
Chidrens ages 2, 4, & 8
Childcare costs e900 per month
Life insurance apart from on the mortgages, no
MY questions to you all is where do i start to sort all this out??
Our money simply runs out before the end of the month.
Credit card balance run up again after paying it off with debt consildation.
Problems paying my card, payments around e140 per month.[can i come to some agreement with them?]
We have a spread sheet with our incomings and outgoings and there is a surplus but we dont ever see it.
Should i get a loan to clear the overdraft and start a fresh with a tight budget?
Can i switch my credit card now i'm recently self employed??
Anything i could with our mortgages and the life assurance policies that go with them?
We will have roughly e500 extra in our budget come September due to a child starting to school
We stopped our mortgages for three months to sort this mess out and it has come to a point now where i am worried when they start again that we'll be in real trouble if we dont have a solution by the first of July.
Its all very stressful for all involved.
Any help will be greatly appreciated.......