C
Cashless1
Guest
Age: 35
Spouse’s/Partner's age: 33
Annual gross income from employment or profession: 38,000
Annual gross income spouse: 21,000
Type of employment: me, store manager. her, former hr, now a pa
Expenditure pattern: In general are you spending more than you earn or are you saving? spend more
Rough estimate of value of home: 400,000 maybe
Mortgage on home: 400,000
Mortgage provider: bank of scotland
Type of mortgage: Tracker, interest only, fixed rate: 35 year variable
Interest rate:5.1%
Other borrowings – car loans/personal loans etc
two car loans worth 31,000 together, both half paid
credit union loan of 20,000, hardly paid
credit cards limit is a couple of thousands
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card? 8000 altogether
Savings and investments: none
Do you have a pension scheme? no
Do you own any investment or other property? no
Ages of children: 7 and 2
Life insurance: no
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sick with worry at the moment. wife was laid off recently from her job as a hr manager, had to take a big salary drop because she couldnt find any relevent work. shes still looking so im hoping she can get something better. meanwhile weve got so much debt were struggling to pay back that all of my wifes redundancy is gone just servicng bills. also, we just came off our discount mortgage rate, combined with the interest rate increases, were really been hit with repayments. we have already missed two of our mortgage repayments and the bank is sending out threatening letters. were also getting letters from the creditcard companies looking for money. ive tried to tell them we cant pay them all back but theyre saying theres nothing they can do.
should we get a topup loan to consolidate all the payments together?if we miss mortage payments, can we even get one? can the bank take our house? please help!
Spouse’s/Partner's age: 33
Annual gross income from employment or profession: 38,000
Annual gross income spouse: 21,000
Type of employment: me, store manager. her, former hr, now a pa
Expenditure pattern: In general are you spending more than you earn or are you saving? spend more
Rough estimate of value of home: 400,000 maybe
Mortgage on home: 400,000
Mortgage provider: bank of scotland
Type of mortgage: Tracker, interest only, fixed rate: 35 year variable
Interest rate:5.1%
Other borrowings – car loans/personal loans etc
two car loans worth 31,000 together, both half paid
credit union loan of 20,000, hardly paid
credit cards limit is a couple of thousands
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card? 8000 altogether
Savings and investments: none
Do you have a pension scheme? no
Do you own any investment or other property? no
Ages of children: 7 and 2
Life insurance: no
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sick with worry at the moment. wife was laid off recently from her job as a hr manager, had to take a big salary drop because she couldnt find any relevent work. shes still looking so im hoping she can get something better. meanwhile weve got so much debt were struggling to pay back that all of my wifes redundancy is gone just servicng bills. also, we just came off our discount mortgage rate, combined with the interest rate increases, were really been hit with repayments. we have already missed two of our mortgage repayments and the bank is sending out threatening letters. were also getting letters from the creditcard companies looking for money. ive tried to tell them we cant pay them all back but theyre saying theres nothing they can do.
should we get a topup loan to consolidate all the payments together?if we miss mortage payments, can we even get one? can the bank take our house? please help!