Search found 13 matches

by cheshirecat
September 3rd, 2018, 8:04 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

Thank you, Hariseldon58, for your kind and considerate comments. I do not think in the whole time I have been ignoring this issue that I have ever dealt with the 'why'.
by cheshirecat
August 23rd, 2018, 9:54 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

[quote="MikeyWorld"] Will your lender move you over to interest only / payment holiday? - 4% on 50K is £2k per year - £170 per month. - This isn't something I had considered, however I may look at that in more detail You've then got an extra £400 per month to throw at the cards. You've sti...
by cheshirecat
August 23rd, 2018, 9:51 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

Statement of Affairs and Personal Balance Sheet Groceries etc. ......................... 250 No-one has mentioned this, yet it is your biggest expense after your mortgage. I'm assuming this is an estimate now you have revealed your partner is moving out. if so, and based on my spending in this cate...
by cheshirecat
August 22nd, 2018, 10:52 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

Loan 1 settles in 50 months and loan 2 in 53 months. My plan was to throw any surplus to the mastercard, as this is the debt with the highest interest but that kind of goes against the snowball principle does it not? That is the snowball principle. If you pay off some of the debt with the highest A...
by cheshirecat
August 22nd, 2018, 10:49 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

Can you get another loan? - even at 12.9% it would be better than the credit cards. Alternatively is remortgaging a possibility, given the apparent equity in the property, which may not be impossible given the loans appear to be unsecured, and it might therefore spread the repayments further into t...
by cheshirecat
August 22nd, 2018, 10:40 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

malkymoo wrote:The building insurance seems a bit steep. I suggest shopping around before the next renewal.


Will do - I agree, it does seem excessive
by cheshirecat
August 22nd, 2018, 10:38 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

Council Tax - Are you getting the single person deduction? Life Insurance - Why do you need this? Easy Money making stuff Rent a room - do you have a spare room? Ebay - Most people have loads of junk other people love to buy Paul Council tax - I can apply for the single person deduction once my par...
by cheshirecat
August 22nd, 2018, 10:36 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

I can't see much fat to trim in your spending. Any stuff you can sell/car boot etc? Amount left after debt repayments....... 511.18 If this figure is true, i.e. you really have an extra £511 left at the end of each month, then personally I would save a couple of months into an emergency fund of £10...
by cheshirecat
August 22nd, 2018, 10:33 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

Unsecured Debts Description....................Debt......Monthly...APR Halifax loan 1.................10489.....227.......3.9 Halifax loan 2.................7941......196.......12.9 Halifax mastercard.............9113......93........19.2 virgin card....................8532......106.......17.5 barcl...
by cheshirecat
August 22nd, 2018, 10:31 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

Hi all

Many many thanks for all your replies.

I shall try and respond to each in turn but bear with me
by cheshirecat
August 19th, 2018, 7:05 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

[tt] Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 1 Number of children in household......... 0 Number of cars owned.................... 1 Monthly Income Details Monthly income after tax................ 2895 Partners monthly income aft...
by cheshirecat
August 19th, 2018, 6:36 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

Re: advice sought please

Thank you

I shall get onto it
by cheshirecat
August 12th, 2018, 3:13 pm
Forum: Dealing with Debt
Topic: advice sought please
Replies: 30
Views: 5341

advice sought please

Hi I have found this board again after a number of years away and I am in really big need of advice. I have accrued an enormous amount (eye watering in fact) of unsecured debt over the last few years and whilst I have been aware I need to address it, I have not done so. A change in my personal circu...

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