Debt of over £110,000

sunnydais

don't think you are snobby
just maybe have to change expectations for a bit and maybe forgo a holiday or so to get the debts down
am in the process of ending borrowing to live so I can be debt free one day
its scary carrying that amount of cc debt coz life can throw unexpected things at us

Denis_UK

mfp wrote: »

Problem is (and this is the snobby part), with only a few hundred pounds left each much we can't really save for a decent holiday (please don't strike me down!!).

Sorry I'm striking you down,camping holidays in North Wales this time of the year are quite cheap,but I don't think I would inflict you on the lovely locals in that area:p

doobiesis_2

I've checked her posts and they all relate to taking out more loans, if you ask me you're making a mockery of the people on this site who are genuinely trying to sort their debts out... tut tut:mad::mad:

mfp wrote: »

OK - this is going to sound very snobby and spoilt!! We currently have around £112k in debts spread over loans and credit cards etc. The issue is that we are comfortably paying the loan payments and credit cards and still have a couple of hundred pounds left each month after all our bills etc. are paid. Problem is (and this is the snobby part), with only a few hundred pounds left each much we can't really save for a decent holiday (please don't strike me down!!). Is there a good way to get this debt down quickly?

slummymummyof3

Obviously our replies have not been what the OP wanted to hear as they have not replied to recent messages left on the thread.

JES_F1

slummymummyof3 wrote: »

Obviously our replies have not been what the OP wanted to hear as they have not replied to recent messages left on the thread.

OP obviously wanted us to say "get a loan for your holiday" ... :mad:

When I posted earlier in the thread, I was sort of sympathetic because going away on too many fancy short breaks was part of the reason for me getting into financial doodah. Having had my lightbulb moment, I know the credit cards were paying for these rather than me.

Now I just want to go :mad::mad::mad::mad: ... which isn't very caring sharing of me!

Ames

I don't want to sound mean, but a few hundred a month = £3.5k a year. The thinking that you can't get a decent holiday for that much is what's led to so much debt!

slummymummyof3

Ames wrote: »

I don't want to sound mean, but a few hundred a month = £3.5k a year. The thinking that you can't get a decent holiday for that much is what's led to so much debt!

Aaahh, yes but you haven't taken into the equation things like Xmas (say's sarcastically!!)

mfp

Thanks for your replies. I don't get to come on here very often, which is why I haven't replied. Your responses are all very good and I need time to digest them, please.

I had posted on here previously about loans, got one, then things went wrong and started re-using credit cards. I'm not at my credit limit yet, but just paying off the minimum payments.

Will do the SOA thing and post it.

lynzpower

Do that, increased borrowing is a one way route to nowhere. It seems you are getting to the point where yo uare using one debt to pay off another, and you want to run away from it all? Ive been there.

needless to say, its not pretty and can go one of 2 ways. You either pay your debt off or manage it the DFW way or you may well go under.

Please take the first option, its a lot better all round.

Nargleblast

Welcome back mfp, look forward to seeing your SOA so some of us can help you make sense of your situation and hopefully improve things.