We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Please Help: Partner's debt threatens our future
tigger24_2
Posts: 1 Newbie
Hi, i could really do with some advice here- my boyfriend is 24 and in quite a bit of debt. He took a £10,000 loan out a few years ago and he currently pays back £180 a month. This won't be paid off for at least 3 years. He also has finance on a car, which is now in negative equity, and pays about £500 a month on it because he has some points on his licence. He earns about £16500 a year but he has practically nothing to live on. He still lives at home with his parents, as do i, but i want to move out and for us to get our own place. I have a clean credit rating and have no debts. What can he do to get rid of his debt quicker? I want to settle down and have a family but can't afford to even live with him until his debts clear. Please help! 
Also, the finance on the car had to be taken out under his mum's name because he was refused credit - thats how bad his situation is! thanks so much.
Also, the finance on the car had to be taken out under his mum's name because he was refused credit - thats how bad his situation is! thanks so much.
0
Comments
-
I'm not an expert but there are plenty who are on here so can you post an SOA for you and him?Sealed pot challenge number 5130
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards