**Daily Chat Thread Fri 20 Mar 09 - Enlightenment is Always Preceded by Confusion**

(Land_of)_Maz

Numpty_Monkey wrote: »

I have a problem, what to do with my redundancy money
I know some it has to go towards the debts,
loan approx £2800,front loaded with intrest
Credit Card £2600, intrest still been added
Redundancy pay was £2000, but the way the jobs are (i haven't even filled an application form in for 4 weeks)

So what would you do,

hhhhmmmmmnnnnn......Are you behind at all? Would either take a F&F of say £1000 each, which would leave you with nowt but would free up money each month from having no payments?

or........

work out how much you pay your debts roughly each payment, divide the £2k by that amount and see how many sets of monthly payments you can stretch the redundancy money to cover.... so at least you know your debts are safely going to be paid monthly in the meantime, and live off your other job seekers and so on money without having to use it to pay debts...

I know the temptation might be to use it to bring DFD forward but i'd be more inclined just to use it to cover existing monthly creditors for say 5-6 months or however long it will last....

Except £50, which i would use to buy something nice like sweeties and alchohol!!!!





Edit - which is kinda what scaredy said... but different

(Land_of)_Maz

sammy115 wrote: »

Maz, I have just gone back to being boring brown again.....gone off the mystic violet...

i'm hoping it looks okay.... might go over to my mam's and get her to help me do it... normally looks like an explosion in a paint factory when i do it!! and i don't want hairdye on my new lino....!

Numpty_Monkey

I'm on a DMP Maz,so I'm a bit behind, but I understand what you're saying hun:kisses3:
My feeling is the only way to get intrest stopped is to go on "token payments" my creditors seem to have been happy recieving 2/3 of what they should be getting so that why intrest is still been added, I've booked a budget review with CCCS

I'm really tempted to offer a silly F&F after the review and see what happens

Numpty_Monkey

scaredy_cat wrote: »

hi Numpty,

i put 1/2 of my redundancy money into a saving account and the rest is in my new a/c, i'm using it to help suppliment my JSA, until i get a job.

You could offer them 30% f&f payments.

I an't got no savings:o

30%:think: I might try a bit lower:rolleyes:

(Land_of)_Maz

Numpty_Monkey wrote: »

I'm on a DMP Maz,so I'm a bit behind, but I understand what you're saying hun:kisses3:
My feeling is the only way to get intrest stopped is to go on "token payments" my creditors seem to have been happy recieving 2/3 of what they should be getting so that why intrest is still been added, I've booked a budget review with CCCS

I'm really tempted to offer a silly F&F after the review and see what happens

Thanks for the wee snog!

Numpty_Monkey

(Land_of)_Maz wrote: »

Thanks for the wee snog!

Any time sexy:A

Burlesque_Babe

afternoon all - back from work, lovely day here again.

Just to give you a minor 'phew' moment.......creme eggs are 175 calories each........it's 445 for 100g which is just over 2 eggs.......

fermi

I would be tempted to say "Accept this silly offer or I will go bankrupt and you will get zilch. Your choice"

Numpty_Monkey

fermi wrote: »

I would be tempted to say "Accept this silly offer or I will go bankrupt and you will get zilch. Your choice"

Can you put that in a nice letter please:T

(Land_of)_Maz

Burlesque_Babe wrote: »

afternoon all - back from work, lovely day here again.

Just to give you a minor 'phew' moment.......creme eggs are 175 calories each........it's 445 for 100g which is just over 2 eggs.......

BB - you will be making lots of people very happy with that post!!!

Still wouldn't want one though.... too rich for me.....