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endowment

i dont know what to do! im struggling to pay my £80 a month endowment from my income support! its killing me, in five yrs time it ends being £25.000 short, i dont know what to do:mad:

Comments

  • Frogfish
    Frogfish Posts: 36 Forumite
    Are you still relying on the money from the endowment to pay off a mortgage?
  • dunstonh
    dunstonh Posts: 119,848 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The problem you have is that not paying it and not having the money to pay the mortgage will be a lot worse as that will take you to repossession.

    Go to the debt free wannabee section and get them to help. Some very good people in there.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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