This is our state of affairs:
240000 Mortgage 1200 per month
55000 Business Loan 697 per month
7000 Credit Card
35000 Creditors from husbands business
Van Leasing 385 per month
(6000 outstanding and husband under instructions to SELL!!!)
My dad has an old van and is willing to give it to us for FREE.
12900 Car Loan (50:50 deal) 2 years interest free, payments will start in Jan, however I dont know how much yet, have tel and they say they will be in touch. (So I have decided to sell the car, and hopefully there would be a few grands to buy an old banger.
INCOME
My husband was self employed, but was struggling to get paid, cheques bounching, so he had no option but get a job.
Presently getting 800 euros per week NET
I have been seriously ill for past year (husband left with newborn and 4 year old) while I was in hospital for a month and then recovering for a year.
Ive applied for part time work (net pay 150 per week).
Do we remortgage?
It has not been overspending personally, but having to take on the finances of a failing business that Im stressed about.
We plan to move to Oz end of next year, so interest only would be an option. However on present mortgage (offset First Active) they wont allow interest only.
Im going around in circles! Any advice would be much appreciated.
Getting angry calls from creditors, but he just doesnt have the money in the bank. Also bank reduced his overdraft by 5000 as if we werent struggling enough.
Kind Regards
Caz
240000 Mortgage 1200 per month
55000 Business Loan 697 per month
7000 Credit Card
35000 Creditors from husbands business
Van Leasing 385 per month
(6000 outstanding and husband under instructions to SELL!!!)
My dad has an old van and is willing to give it to us for FREE.
12900 Car Loan (50:50 deal) 2 years interest free, payments will start in Jan, however I dont know how much yet, have tel and they say they will be in touch. (So I have decided to sell the car, and hopefully there would be a few grands to buy an old banger.
INCOME
My husband was self employed, but was struggling to get paid, cheques bounching, so he had no option but get a job.
Presently getting 800 euros per week NET
I have been seriously ill for past year (husband left with newborn and 4 year old) while I was in hospital for a month and then recovering for a year.
Ive applied for part time work (net pay 150 per week).
Do we remortgage?
It has not been overspending personally, but having to take on the finances of a failing business that Im stressed about.
We plan to move to Oz end of next year, so interest only would be an option. However on present mortgage (offset First Active) they wont allow interest only.
Im going around in circles! Any advice would be much appreciated.
Getting angry calls from creditors, but he just doesnt have the money in the bank. Also bank reduced his overdraft by 5000 as if we werent struggling enough.
Kind Regards
Caz