I respect you guys opinion so please help on this

Dave101t

2 full time workers, nice house and good pay?
what is their major malfunction?!

some people are asking to be taken advantage of.

1echidna

Dave101t wrote: »

2 full time workers, nice house and good pay?
what is their major malfunction?!

some people are asking to be taken advantage of.

Yes there is a problem. But why !!!! on them as it were? Not for the first time on different threads (which I was mainly referring to) by these two posters.

fc123

Things are always different when they happen to someone you know.

I pretty much had a judgemental, strong opinion, harsh view on loads of things 25 years ago. Then life goes on and each 'judging' situation alters as one gets to know people dealing with all lifes challenges.

Then some stuff happens to yourself too....which changes how one views things.

I'd put them in the direction of DFW board. Do Martins budget planner, which is great as it adds on Xmas exps and the like and the make sense of cards SOA so they can post it up for anonymous advice.

It could be dodgy secured loans where the interest rate has increased and credit card debt with massive interest rates.

The sell and rent back is usually a con, so best to see if they can resolve the problem in a different way.

harryhound

How old are the kids?
Don't shield them tell them at least the simple truth about money.
I find that from about 10 they have the basic skills to understand that 2 + 2 = 4 & mum and dad don't have a money tree..

Much better to face reality as a family, and stand up to the pressures from richer members.
"Oh I thought you would have taken advantage of the scrappage scheme with your old car!"

Get across that only fools become addicted to the consumer society.
Like all addictions you need a continually bigger fix to get the same high.

Nenen

neas wrote: »

i think they want to stay there you see... with two young kids think they dont want to move ;(.

I am going to talk with them tonight so need to get them to 'face the music' so to speak.

I read on another thread about rent back schemes that you usually only get one year secure tenancy then you go onto an AST (as with any other rental scheme where LL can give you two months notice at any time) so the property can be sold from under you - therefore this is not a way of staying there permanently or having stability for the children anyway! This is usually hidden in the small print apparently.

tomterm8

neas wrote: »

http://forums.moneysavingexpert.com/showthread.html?t=1777781

Prob posted it in wrong board, but would welcome help ideas for my wifes friend.

Am aiming to gather more info on their situation as neither have lost a job and am sure wife and husband get paid my wife salary x2 so cant see at all why they'd be in trouble on a 3 bed house in plymouth (circa 130k max cost) with prob 40k pre-tax pay.

They have 2 kids and will prob be getting tax credits or what not etc.

Buy back schemes are notorious. DON'T TRUST THE CONTRACT TO PROTECT YOU. Whatever it says, don't trust it. People regularly find that the purchasor company goes bust, and because the purchase was funded with a mortgage, the bank reposesses the house anyway.

neas

thanks all for info, i offered to take a look at their finances, but as these things are quite a private matter they are trying to sell on open market.. and not involving my wife and me.

Fair enough, i mean i wouldnt like someone prying on my stuff, i just fear they got alot of debt.

Oh and prob maximum income is 30k now as guy works part time due to ill health. (bad Back). Again if I was outside box i'd say was a bit lazy as there are many jobs were you dont need to lift, checkout work, mcdonalds, pc work etc.

harryhound

If you really do have a bad back then struggle to get it back into action again,
Slumping about on benefits is the very worst thing you can do.
That said I once spent "Christmas Dinner" lying on the floor as that was the least painful position. Dpn't think anyone would have employed me in that position.

Pee

I think if you have a really bad back even call centre work can be out of the question, desk job, etc

I can see why they wouldn't want you to look at funds, that's why posting on here or somewhere else or speaking to the CAB might be an idea. Sure CAB are even busier than they usually are at the mo though.

SingleSue

harryhound wrote: »

If you really do have a bad back then struggle to get it back into action again,
Slumping about on benefits is the very worst thing you can do.
That said I once spent "Christmas Dinner" lying on the floor as that was the least painful position. Dpn't think anyone would have employed me in that position.

I remember a period of about 2 weeks where I was left in the morning on the bedroom floor with a flask of drink, the telephone, some sandwiches for lunch and a magazine.....and then had to struggle to the toilet on my own without being able to actually walk!

I certainly wasn't able to work then either...the bummer was I was supposed to be on holiday so didn't actually take any time off sick!

I find with my back now that I can't stay sitting for too long so have to get up and move around...working is perfect for that as long as there is no heavy carrying, a desk job is ideal.