P
POD_06
Guest
Hello all. Just looking for some advice/opinions on whether or not I'm in a position to be less cash-strapped than I currently am?!
I'm one of those rare creatures lucky enough to be in a well-paid job of the permanent pensionable kind and can cover my monthly expenses without too much pain...but without having much left at the end of it, and certainly not enough to save.
My main monthly outgoings are my mortgage (1110), two personal loans (about 800 combined a month) and my credit card (on which 3000 is owed - I haven't used it in four months and won't until I clear that debt. So far I'm managing to pay over the minimum payment each month and am on target to have it cleared in 3 months max).
I accept those figures aren't pretty but I am genuinely able to cover them all each month, with enough left to get by.
I bought my house two and a half years ago for 300000 and it is now worth 425000 - does this give me any leverage in terms of a top up loan or a debt consolidation loan?
To be honest I know very little about these things and although I have studied the key threads on this site I still don't know what applies to my situation and what doesn't, if you know what I mean.
Should I just carry on as I am, clearing my debts month by month, or does the increase in the value of my home offer me other possibilities than might actually give me a few quid extra each month?
Any advice would be appreciated, thank you.
I'm one of those rare creatures lucky enough to be in a well-paid job of the permanent pensionable kind and can cover my monthly expenses without too much pain...but without having much left at the end of it, and certainly not enough to save.
My main monthly outgoings are my mortgage (1110), two personal loans (about 800 combined a month) and my credit card (on which 3000 is owed - I haven't used it in four months and won't until I clear that debt. So far I'm managing to pay over the minimum payment each month and am on target to have it cleared in 3 months max).
I accept those figures aren't pretty but I am genuinely able to cover them all each month, with enough left to get by.
I bought my house two and a half years ago for 300000 and it is now worth 425000 - does this give me any leverage in terms of a top up loan or a debt consolidation loan?
To be honest I know very little about these things and although I have studied the key threads on this site I still don't know what applies to my situation and what doesn't, if you know what I mean.
Should I just carry on as I am, clearing my debts month by month, or does the increase in the value of my home offer me other possibilities than might actually give me a few quid extra each month?
Any advice would be appreciated, thank you.