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Newbie needs advice
Comments
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Newbeginins wrote: »Mainly on the family( christmas, holidays, days out etc), but many expenses were lied about i.e I say" how can we afford that?", he says "No problem, have bonus, overtime pay, will pay it off when bills arrive!"
Oh, so you knew he had a credit card? Just not what sort of balance was owed?
You've enjoyed these treats as well, so I think you're both responsible for the balance. If you want it sorting out you'll have to stop the "treats" and ditch the card and clear the remaining balance to be debt free.0 -
As I said.. I do accept some responsibility but need him to accept it's a problem. Taking the card is one thing but as it's in his name only any negotiations with the company have to be done by him.....don't they??0
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if hes been managing to make £400 plus payments monthly on the card, on my calculations this would be a fair bit over the minimum payment, what kind of negotiations are you hoping for with the cc company? but yes as he is the card holder he would have to speak with them unless he gave full authorisation for you to deal with it .On the road to financial freedom.... one MSE penny at a time....:T0
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He probably can see the problem but admitting it will likely cause the anxiety to be much worse for him. As daft as it sounds sometimes denying something is a problem actually makes people feel its not one.
In his defence, he seems to have been spending the money in the past on stuff you want to spend it on now?0 -
Probably a waste of time. If he has any initiative, he'll just get another. You will only make headway when he hands the card over voluntarily, because he has to understand for himself.Newbeginins wrote: ».... BTW I took the card off him lastnight.
2 arguments to make- What happens if you lose your job and are unemployed for 6 months? That is £2400 we will have to find - and if we could find money like that when you are in a job, you would not be using the card
- Buying on a credit card is like renting the item, because you pay interest on the money - but you still have to pay for it in full at the end of the day.
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Thankyou all for the helpful advice. I intend to let him read it later and then we can discuss our options. Hopefully he'll see that we're not alone and we can resolve it to be debt free. Yay!!!, It makes me smile to say that
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