R
rath1
Guest
Age: mid 20s
Spouse’s/Partner's age: mid 20s
Annual gross income from employment or profession: 35k lost all overtime and weekend work. Shift bonus gone also.
Annual gross income of spouse: 0
Type of employment: employed
In general are you:
(a) spending more than you earn, YES
(b) saving? no
Rough estimate of value of home 300K
Amount outstanding on your mortgage: 190K
What interest rate are you paying? TRACKER 2.1%
Other borrowings – car loans/personal loans etc
Personal loan 1 - 12000
Personal loan 2 -
Personal loan 3 -
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card?
Credit Card 1 - 9500
Credit Card 2 - 5000
Savings and investments:
Online Savings - NONE
CU Savings - NONE
Do you have a pension scheme? no
Do you own any investment or other property? no, JUST MY HOME
Ages of children: Six - Four - 10 months
Life insurance: no
What specific question do you have or what issues are of concern to you?
Lots of debt, low enough income, is there any hope of getting out of it.
Monthly outgoings:
Mortgage - 680
House insurance 25
Car Insurance - 60
Loan 1 - 390 3 years left.
Bins - 30
eFlow - 30
Credit Cards - 300
Phone bill - 60
Petrol - 150
Shoping - 750
Gas and elec - 250
Broadband and sky gone.
There are also a lot of other smaller expenses during the year but these are the main ones.
Spouse’s/Partner's age: mid 20s
Annual gross income from employment or profession: 35k lost all overtime and weekend work. Shift bonus gone also.
Annual gross income of spouse: 0
Type of employment: employed
In general are you:
(a) spending more than you earn, YES
(b) saving? no
Rough estimate of value of home 300K
Amount outstanding on your mortgage: 190K
What interest rate are you paying? TRACKER 2.1%
Other borrowings – car loans/personal loans etc
Personal loan 1 - 12000
Personal loan 2 -
Personal loan 3 -
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card?
Credit Card 1 - 9500
Credit Card 2 - 5000
Savings and investments:
Online Savings - NONE
CU Savings - NONE
Do you have a pension scheme? no
Do you own any investment or other property? no, JUST MY HOME
Ages of children: Six - Four - 10 months
Life insurance: no
What specific question do you have or what issues are of concern to you?
Lots of debt, low enough income, is there any hope of getting out of it.
Monthly outgoings:
Mortgage - 680
House insurance 25
Car Insurance - 60
Loan 1 - 390 3 years left.
Bins - 30
eFlow - 30
Credit Cards - 300
Phone bill - 60
Petrol - 150
Shoping - 750
Gas and elec - 250
Broadband and sky gone.
There are also a lot of other smaller expenses during the year but these are the main ones.