I
Ive2MuchDebt
Guest
Hi,
I'm 32 Years old, I have a mortgage (with my wife), I've a lot of debts at the moment and am struggling to keep ontop of them, I've never missed a payment on anything, but I'm finding things difficult at the moment:
I've 3 Credit cards, with balances of, 1300, 800, and the third is almost 9 Grand now. I've mortage payments of 700 per month, I've a Loan with a balance of about 25K, give or take a couple hundred and a personal loan with a balance of 6000, so all in all, I'm up to my proverbial neck in debt, totalling around 33000.
I want to honor my debts so I'm doing my best to pay what's owed, but as I've said, I'm struggling to manage everything along with my general monthly expenses and household finances.
Myself and My wife both have reasonably good jobs, we can cover most things, but after the 2nd week after pay day I'm finding difficult.
I've considered remortgaging the house to pay these off, but my wife is against this idea, but I've reconsidered this after our discussion and I guess she is right.
I'm basically looking for a bit of advice on what to do here, should I consolidate, or should I just keep on chipping away at them and in 5-6 years, I should be clear.
Any advice, help at all would be greatly appreciated.
Cheers !
I'm 32 Years old, I have a mortgage (with my wife), I've a lot of debts at the moment and am struggling to keep ontop of them, I've never missed a payment on anything, but I'm finding things difficult at the moment:
I've 3 Credit cards, with balances of, 1300, 800, and the third is almost 9 Grand now. I've mortage payments of 700 per month, I've a Loan with a balance of about 25K, give or take a couple hundred and a personal loan with a balance of 6000, so all in all, I'm up to my proverbial neck in debt, totalling around 33000.
I want to honor my debts so I'm doing my best to pay what's owed, but as I've said, I'm struggling to manage everything along with my general monthly expenses and household finances.
Myself and My wife both have reasonably good jobs, we can cover most things, but after the 2nd week after pay day I'm finding difficult.
I've considered remortgaging the house to pay these off, but my wife is against this idea, but I've reconsidered this after our discussion and I guess she is right.
I'm basically looking for a bit of advice on what to do here, should I consolidate, or should I just keep on chipping away at them and in 5-6 years, I should be clear.
Any advice, help at all would be greatly appreciated.
Cheers !