Current situation
Spouse 45
Me 45
Current income 1340 per week
Dependents 2 age 9 and 11
Current debts: €10,000 AIB repayments €233 weekly
Credit card debit... sold to cabot €6,500 €140 weekly
Home loan €38,500 €118weekly
House owned fully €310K
We had a temporary increase in income which allowed us to decrease our debts. Where we stand now that income will fall substantially. We will not be in a position to keep up the same level of repayments. Do we consolidate all the loans into one loan and take out a 5 year loan for €55,000 to ensure we are meeting our commitments.
It has taken alot of hard work to get here and our circumstances have been really challenging
Our questions are would it be wise or foolish to roll all these loans together if we can get approval?- we see a big drop in income coming
We have worked with mabs and have concentrated on our spending habits and made necessary changes but we are also looking at the future, I do not have a pension my husband has a small one we have educational costs now and into the future. All help and advice is greatly appreciated.
Spouse 45
Me 45
Current income 1340 per week
Dependents 2 age 9 and 11
Current debts: €10,000 AIB repayments €233 weekly
Credit card debit... sold to cabot €6,500 €140 weekly
Home loan €38,500 €118weekly
House owned fully €310K
We had a temporary increase in income which allowed us to decrease our debts. Where we stand now that income will fall substantially. We will not be in a position to keep up the same level of repayments. Do we consolidate all the loans into one loan and take out a 5 year loan for €55,000 to ensure we are meeting our commitments.
It has taken alot of hard work to get here and our circumstances have been really challenging
Our questions are would it be wise or foolish to roll all these loans together if we can get approval?- we see a big drop in income coming
We have worked with mabs and have concentrated on our spending habits and made necessary changes but we are also looking at the future, I do not have a pension my husband has a small one we have educational costs now and into the future. All help and advice is greatly appreciated.