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
Releasing equity in 100% owned property
Comments
-
Not sure of all details but basically a lot of unsecured debt, at least one loan and a couple of credit cards I think - he's recently lost his job and can't cover even basic repayments which I think are in excess of £700 PCM. He doesn't want to do any sort of IVA or bankruptcy as he has a joint mortgage and thinks it will affect his other half's credit rating (and I was assuming he's right). He plans to repay the money when he's back on his feet - personally I think that's optimistic but I don't mind. I'm not well off but have very little debt, wouldn't swap with him for anything.
He made his bed, perhaps he should lie in it and learn a valuable lesson rather than have mummy and daddy bail him out.--
Peter Stones0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards