High income but deep deep in debt-any advice?

darkblue_2

He's already stated that there are other factors at play which mean he cannot cut out a lot of his outgoings.

To be honest, he lives in a different world from £28k per year and he obviously has a wife who is used to her luxuries as essentials, but he's asked that people don't pry.

This always happens on these boards. Instead of advice based on situations dictated by the OP; people give 2cents worth of abuse and crap.

If you're not part of the solution - you're part of the problem.

gizmo111

How did your wife manage when you were unemployed - she must have had an idea that money was short.

BoGoF

gizmo111 wrote: »

How did your wife manage when you were unemployed - she must have had an idea that money was short.

Maybe that's why the credit cards are maxed out ?

MyRubyRed

stephen25uk wrote: »

have you read his outgoings,£900 quid on food per month,myself wife and 3 kids spend £500 max,we have a total household income of £28,000 gross we go on hols every year eat out etc and save as well its all about living within your means,now someone else posted it,the op has lived outwith his means and by the looks of his in and out goings and by some of his posts he is unwilling to change his lifestyle,but blames banks for not giving him a loan...just what he needs more debt,he needs to cut back to the bone but seems unwilling to...he is taking about the occasional meal out,christ if that was me things like that would be first off the list....the op has problems fair enough,but if he lived within his means he would not be in the situation he is now...harsh but true,
i hope he gets his life sorted out i really do,and i hope other people reading his posts learn from it.

Stephen, I'm totally with you on this one. Thing is he doesn't even need to cut back to the bone. He could still have a very good standard of living AND pay off his debts but all he appears to be looking for is an avenue to allow him to keep up the facade

Wutang_2

MyRubyRed wrote: »

Stephen, I'm totally with you on this one. Thing is he doesn't even need to cut back to the bone. He could still have a very good standard of living AND pay off his debts but all he appears to be looking for is an avenue to allow him to keep up the facade

I think the point has been made (possibly about 50 times now)

MyRubyRed

darkblue wrote: »

He's already stated that there are other factors at play which mean he cannot cut out a lot of his outgoings.

To be honest, he lives in a different world from £28k per year and he obviously has a wife who is used to her luxuries as essentials, but he's asked that people don't pry.

This always happens on these boards. Instead of advice based on situations dictated by the OP; people give 2cents worth of abuse and crap.

If you're not part of the solution - you're part of the problem.

Addressing the problem is 99% way of solving it.

debthelp100830

bettyg41 wrote: »

Hi
Can you save some money and compromise with your wife by just sending your little one to nursery a couple of days rather than a whole week so she can look for a job then. At least she would be still getting the interaction from other children. How old is your daughter? When they are 3 you can get 15 hours a week for 38 weeks of the year free early education for them?
Betty

many thanks. thats a very good suggestion- something she is more likely to consider is me telling her that my daughter goes to nursery say 2 days a week rather than 5. and she is free to look for job as well as we cut on expense.

debthelp100830

darkblue wrote: »

Perhaps you should go in branch to a natwest and discuss that kind of proposal.

tried, they refused saying they have same systems in branch as on phone/internet and decision is function of credit score. they said they agree that its irrational to completely ignore my monthly salary while taking the decision but the decision is made from headquarters and they have limited powers in branches these days.

debthelp100830

BoGoF wrote: »

Maybe that's why the credit cards are maxed out ?

sorry, not a relationship forum but got a lot of abuse for useless, loser, etc. lets say my daughter is my weakness and i want to fight the relationship battle from a slightly strong financial and emotional position.

lets please leave this issue out of scope of the current debate please. i accept that end of day everyone is trying to help me which i genuinely appreciate.

stephen25uk

darkblue wrote: »

He's already stated that there are other factors at play which mean he cannot cut out a lot of his outgoings.

To be honest, he lives in a different world from £28k per year and he obviously has a wife who is used to her luxuries as essentials, but he's asked that people don't pry.

This always happens on these boards. Instead of advice based on situations dictated by the OP; people give 2cents worth of abuse and crap.

If you're not part of the solution - you're part of the problem.

another point to look at is the op clearly loves his daughter,but what kind of wife who loves you would threaten to leave with the daughter because you asked her to make a few cutbacks for 6mnths.......does she love me or my money would be the question i would be asking myself then i would have another decision to make