why did it get this bad?

sweetpeas_2

okay guys-bit of a pickle.
need to pay off enough of overdraft in next 3 weeks so that our mortgage will defo come out. if we dont reduce overdraft by £400 the mortgage might not come out as the bank have reduced our temporary overdraft by £500 (which happens to be the amount of our mortgage). what a state our finances are in for goodness sake. such a mess. why did we let it get this bad?

any help (aside from the town hall steps) would be good

thanks guys x

jessicamb

Hi Noggin

Sorry I dont know your personal circumstances - but is there anything you can e-bay? Get a bit of agency work for some quick cash?

southernscouser

Don't just hope it will be OK. Work out an action plan and perhaps ask the bank for a temporary extension with you paying it off by £100 a month or something.

Have you got an up to date SOA?

Is this a one off problem or do you see it being a regular thing? :think:

southernscouser

yung wrote:

I suppose it is a lack of financial self discipline and complacency.
sorry can't help

How terribly helpful of you. :beer:

But thanks for posting! :rolleyes:

Broken_hearted

Can you not meet the bank half way reduce it by £200 this month and £200 next month.

Emmzi

emergency temp work? mate had rock steady interview tomorrow so they must be hiring. eat out of store cupboard, no grocery shopping. I know you're on a £50 a week challenge, get it down to a tenner! car boot this weekend.

yung

southernscouser wrote:

How terribly helpful of you. :beer:

But thanks for posting! :rolleyes:

sorry did not mean to sound nasty I was just giving an answer to the heading.

southernscouser

yung wrote:

sorry did not mean to sound nasty I was just giving an answer to the heading.

I'm sure you didn't!

We just try to post positive! :beer:

moozie_2

yung wrote:

I suppose it is a lack of financial self discipline and complacency.
sorry can't help

If you can't help, why post???

:rolleyes:

Broken_hearted

I try to post answers, sometimes people don't like them. I will support but I won't kiss bum bum because that doesn't help.


Me and my PMT are off to bed night all

sweetpeas_2

my dh has been on to the bank and we can send our incomings/outcomings list in by fax and they will consider what they call a "management loan" where they pay off your o/d at a small fee each month. but that will only add to our long term outgoings. they remove your maestro cards and give you a solo card. but to be honest-we dont ever really go in a shop and use our maestro anyway-so i cant see it being that much different.
weve asked them to reduce it gradually but they said no.its a one off thing simply because we started a small business up a few months ago and are still recovering from the costs of setting up. we have both taken on an extra job each and i am currently looking for a christmas job aswell. we are doing all we can but until the extra jobs start paying off and the money starts rolling in we are struglling a bit.

if we can find a few hundred we dont have to have this management loan which i think is the best option.
???????
x