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Spendaholics - BBC3 now.

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  • Yorkielass
    Yorkielass Posts: 2,235 Forumite
    Part of the Furniture Combo Breaker
    It's got to be one of the most shocking yet - mainly due to her age and how quickly she got into that much debt.

    Feel really sorry for the Fiance too.
    Initial Mortgage January 2024 - £160,000
    Initial Mortgage free date - January 2058
    Mortgage as of 1st February 2024 - £159,134.98
    Overpayments to date - £79.62
    Current Mortgage free date - January 2058
  • BettiePage
    BettiePage Posts: 4,627 Forumite
    They've told her to sell her house and rent it back. With the £25k equity, she was told to offer it as full and final settlement of her debt, therefore writing off the other £27k.

    Edit: She's thinking about it.
    Illegitimi non carborundum.
  • jillie1974
    jillie1974 Posts: 6,997 Forumite
    wonder if they'll do a follow up so we can see how she got on
    'Children are not things to be moulded, but are people to be unfolded'
  • BettiePage
    BettiePage Posts: 4,627 Forumite
    jillie1974 wrote:
    wonder if they'll do a follow up so we can see how she got on
    Do they usually on this programme? First time I've seen it :confused:
    Illegitimi non carborundum.
  • Tonight's episode is repeated on BBC3, Sunday 14th January at 7 p.m.
  • mizmir
    mizmir Posts: 3,710 Forumite
    Debt-free and Proud!
    Was anyone else shouting at the telly??! An attic full of unworn clothes. 30 pairs of shoes, half not her size. Designer jewellery and makeup.
    And noone suggested ebay???! :eek: :D
  • Bargain_Rzl
    Bargain_Rzl Posts: 6,254 Forumite
    There was no mention of the fact that she would probably be able to claim back the bank charges that made up £10k of her debt!

    And when they tried her on the cheap makeup and then asked her whether to swap back the pricey stuff, they only gave her those two options. Cheap stuff or pricey stuff. No option 3 - yes I'll have the pricey stuff back please, use both, and when they've all run out I'll buy the cheap stuff?...
    :)Operation Get in Shape :)
    MURPHY'S NO MORE PIES CLUB MEMBER #124
  • Bargain_Rzl
    Bargain_Rzl Posts: 6,254 Forumite
    BettiePage wrote:
    Do they usually on this programme? First time I've seen it :confused:
    After series 1 (I think) they did one general followup on all the people who appeared in the series. Most were successful.
    :)Operation Get in Shape :)
    MURPHY'S NO MORE PIES CLUB MEMBER #124
  • kathfisch
    kathfisch Posts: 3,042 Forumite
    This epsiode was a bit disappointing really, compared to last week anyway. No real progress was made on the reasons behind her spending, can't help feeling she might slip back into her habits. And lots of shouting at the telly moments:

    1) We've reduced your monthly clothes budget to £40 What, with all those bags in the attic?!?! She doesn't need to buy clothes for ages! Or she could sell old ones on ebay and use some of that money for ones that fit her! :rolleyes:

    2) You're not in £42,000 of debt, it's £52,000. "Oh, I forgot to include interest and charges in my calculations." :eek:

    3) No mention of the new car(s) and the fact that she couldn't drive :confused:

    4) Sell your house and rent it back. I thought these schemes were to be approached with a lot of caution, in terms of not getting market value for the house etc.

    5) You're getting lots of bank charges. You can claim them back!!!

    6) And it just has to be said again - no mention of selling all the stuff she's accumulated!

    I've no doubt that a lot of this was covered off camera but the trouble is people watching it who are in similar trouble don't see that bit do they?! That's not what spendaholics is all about, fair enough, but they were going on about how she was over her overdraft etc and surely there could have been a quick mention of selling some shoes... 2 pairs would do it by the look of it :rolleyes: ... to raise the £200 to get back within the limit and stop the charges.

    Rant over!! Lets hope next week's is more satisfying! ;)

    Don't forget.... :j

    Picture2-2.png
    Don't stress, relax, let life roll off your backs. Except for death and paying taxes, everything in life is only for now... Avenue Q
    Official DFW Nerd Club - Member no. 003 :DProud to have become debt free... and striving to keep it that way
  • I nearly swooned when she said the debt was actually 52,000. FIFTY TWO!? On here salary too? I can't get my head around how she could get that kind of credit on her salary- wasn't she bringing in less than 10,000 a year?

    I do wish they'd factored in what she could make from selling her unused clothes- they talked about selling the house long enough. Some of these fashion labels become collectors items, and in BNWT condition, surely could have been worth a mint?!
    When you're going through Hell, Keep going!
    If you can keep your head when all around you are losing theirs, then you probably haven't understood the seriousness of the situation
    Just when you think human beings can't get any stupider, they get behind the wheel of a car...
    Become eternally poor in one easy step- decide to love Horses... :rolleyes:
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