A
anon4this
Guest
My husband and I both have quite a bit of unsecured debt. A lot of it was incurred after my husband lost his business due to ill-health and he is now on an invalidity pension.
I am earning a wage but all the unsecured debt repayments are eating into out disposable income every month and finding it hard to get them paid down. All our outgoings mean its a struggle to come up with any money for out of the ordinary expenses like repair work or car servicing.
Our unsecured debts are:
Credit Union : 600 (under 3 years to go - bal 16800)
Visa (aib) : 250 (bal 8000 - int 10.5)
UB (cc) : 100 (bal 3000 - int 16% approx)
MBNA (me) : 250 (bal 10000 - int 11.9)
MBNA (him) : 150 (bal 6000 - int 11.9)
total : 1350
We have asked the CC companies to reduce the interest payments but they won't and seem to suggest while we are paying the minimun balances each month they won't/can't do anything for us.
We missed 2 payments on my husbands MBNA cards and they sent out a form to fill in requesting loads of info on my income as well as his et... we didn't fill this out as yet.
I see some people on here have seccured write-off of some of their debts
with the credit card companies or have had their interest frozen. Any tips on making our situation better?
I am earning a wage but all the unsecured debt repayments are eating into out disposable income every month and finding it hard to get them paid down. All our outgoings mean its a struggle to come up with any money for out of the ordinary expenses like repair work or car servicing.
Our unsecured debts are:
Credit Union : 600 (under 3 years to go - bal 16800)
Visa (aib) : 250 (bal 8000 - int 10.5)
UB (cc) : 100 (bal 3000 - int 16% approx)
MBNA (me) : 250 (bal 10000 - int 11.9)
MBNA (him) : 150 (bal 6000 - int 11.9)
total : 1350
We have asked the CC companies to reduce the interest payments but they won't and seem to suggest while we are paying the minimun balances each month they won't/can't do anything for us.
We missed 2 payments on my husbands MBNA cards and they sent out a form to fill in requesting loads of info on my income as well as his et... we didn't fill this out as yet.
I see some people on here have seccured write-off of some of their debts
with the credit card companies or have had their interest frozen. Any tips on making our situation better?