Newbie and in trouble

Sinkingindebt_2

How much is the car loan for?

Is there any way you can reduce the mortgage for his mother? I know I know, but if she knew you were in this debt she wouldnt want your money im sure of that. Can you cancel sky? I had to im ashamed to say, miss it terribly too.

pudding06

Hi in-trouble, well done on posting your soa!!!

I cant see any mortgage/rent on there ( or I may be both blind and stupid lol)

please listen to the others on here - fee paying DM companies are not the way to go - you'll end up paying them not your creditors!! please go to one of the free charity ones.

pudds

in-trouble_3

Imelda,

hubby is navy if its 31 days in the month his pay can be a bit higher.

my life cover is with scottish widows and if i dont die in 17 years i have to renew it, so 17 years left on it.

account charges is overdraft interest and using account

my dads bt i started paying 8 years ago when my gran died to keep in touch with dad

credit cards paying min payment apart from
capital one APR 3.9%
barclays 28.8%

need petrol hubby comes home weekends but next month that will reduce alot probably about 120.00 a month

over draft APR i have no idea.

in-trouble_3

hubby is forces so rent, water rates, council tax come straight out of his earnings before the money goes in the bank hope that makes sense?

Sinkingindebt_2

How much is outstanding on your car loan hun?

which company were you going to? Please call CCCS it was the best thing i ever did, my partner used to work for baines and ernst and the stories...well awful, a disgrace. He left out of principle!

in-trouble_3

sinkingindebt, found the details of the car, amount of credit is 5906.75 agreement 60 months at APR 16.6% total payable is 9353.60.

nobody knows we are in debt apart from you guys but we have been paying his mother this for 14 years, which i dont agree with and i think we should cancel it.

immoral_angeluk

in-trouble wrote:

Imelda,

hubby is navy if its 31 days in the month his pay can be a bit higher.

my life cover is with scottish widows and if i dont die in 17 years i have to renew it, so 17 years left on it.

account charges is overdraft interest and using account

my dads bt i started paying 8 years ago when my gran died to keep in touch with dad

credit cards paying min payment apart from
capital one APR 3.9%
barclays 28.8%

need petrol hubby comes home weekends but next month that will reduce alot probably about 120.00 a month

over draft APR i have no idea.

What???? You're syaing you're trapped in your life cover for the next 17 years and then you HAVE to renew????? There has to be a way out of that because that sounds ridiculous.... check your terms and conditions.

immoral_angeluk

in-trouble wrote:

sinkingindebt, found the details of the car, amount of credit is 5906.75 agreement 60 months at APR 16.6% total payable is 9353.60.

nobody knows we are in debt apart from you guys but we have been paying his mother this for 14 years, which i dont agree with and i think we should cancel it.

Cancel it. You need the money at the moment!!! to give you an idea.. times how much you pay her every month by 168. That's how much you've thrown away (I know it's helping his mum but to you it's throwing money away as it's not helping you!).

in-trouble_3

so do you think i should cancel this policy with scottish widows? so if i dont die by the time i am 51 i get nothing at all, but i would of paid into it when it ends 6480

Sinkingindebt_2

Ok, that loan is very high, well done for persevering, we will help and support you.

My 1st thought is "how can you support others when you can support yourself"

I really dont think its fair to be paying others bills, however £7 for your dad is not going to break the bank the £80 will certainly do!

Please reconsider changing to CCCS or Payplan.

Also I would be cancelling th life insurance, you cnat be tied in for 17 years, thats impossible. Also your partners should be around £40 even if he is a smoker.

Edited to say what is the point of thei policy IF you die after 51? You loose out, plus your partner is the main earner, it would be you that would struggle fianancially if he died not the other way around normally.