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Am I in the right place? Had my meltdown moment.

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  • katsu
    katsu Posts: 5,023 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    they would have to pay off the remainder of their contracts I think, and if she's got 11 months left and he's got 18 months... assuming the contracts are for £50 a month (typical contract with free iphone), that's £1450!

    even selling the iphones wouldn't cover that
    I appreciate OP has said the iphones are staying but thought I should clarify what I meant.. I wasn't suggesting ending the contract she has, just selling the handset and using an old handset or a cheaper handset, thus freeing up some money towards a debt. She can put the sim card from the iphone into another handset and still use all the minutes she is paying for on the contract. She still pays £50/whatever a month but gets say £200 or whatever the handset is worth, which she can then pay off a debt.

    Hope this makes more sense.
    Debt at highest: £8k. Debt Free 31/12/2009. Original MFD May 2036, MF Dec 2018.
  • It does Katsu and is a fantastic idea for the truely desperate if the phone is able to be unlocked.
    Mini Challenge - Halve 2nd Mortgage by Year End
    Starting: £10,000 Currently £8,142.62
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