T
toadettee
Guest
Me and my partner had a shop open for a year and a half which closed down early last year.
I was running the shop and t the same time it closed down he got let go from his job. We have a bank loan and credit union loan from this shop.
We also have a mortgage and as we have been unemployed, we have been receiving mortgage relief. We still have to pay almost €200 a month to make up the difference but the problem is we have not been able to pay off any of the loans we owe and now we are starting to owe more than we borrowed in interest, not only this but as there is only a small amount going into our current accounts and credit card (the minimum, when we were working we always paid well over the minimum) the bank have started sending us letters to cancel all our overdrafts and my partners credit card.
We no longer use the credit cards, just trying to pay them off little by little. We have an appointment with MABS for later in the week, is this the right way to go, we want to keep our house. And if we could we would obviously keep our bank accounts out of overdrafts but it is impossible earning a third of what we used to earn per month. We have already bit the bullet and put our house up for rent and are willing to move back home to try and keep our bills down but i fear we still wont be able to keep up with all the debt.
Any advice on this, the loans are quiet big adding upto about 46g not including the credit card or overdrafts.
I was running the shop and t the same time it closed down he got let go from his job. We have a bank loan and credit union loan from this shop.
We also have a mortgage and as we have been unemployed, we have been receiving mortgage relief. We still have to pay almost €200 a month to make up the difference but the problem is we have not been able to pay off any of the loans we owe and now we are starting to owe more than we borrowed in interest, not only this but as there is only a small amount going into our current accounts and credit card (the minimum, when we were working we always paid well over the minimum) the bank have started sending us letters to cancel all our overdrafts and my partners credit card.
We no longer use the credit cards, just trying to pay them off little by little. We have an appointment with MABS for later in the week, is this the right way to go, we want to keep our house. And if we could we would obviously keep our bank accounts out of overdrafts but it is impossible earning a third of what we used to earn per month. We have already bit the bullet and put our house up for rent and are willing to move back home to try and keep our bills down but i fear we still wont be able to keep up with all the debt.
Any advice on this, the loans are quiet big adding upto about 46g not including the credit card or overdrafts.