Debt, payplan and bank charges

danielleindebt

congrats for taking the first step.

im 24 and in loads of debt too. i dont include my 110k mortgage either.

you'll find it great here every one is so helpfull and nice

smilealot

Hi :hello:

Please don't worry too much - you've now started your journey to becoming debt-free.

I'm also 25, retrained last year to be a teacher. I've got lots more debt than you (see my signature!). It's not a tit-for-tat comment, I just want to help you see that you are one of many, many people in this situation.

You will have no problems what-so-ever regarding finding a job, even if you are declared bankrupt. I was not credit-checked at all.

Keep smiling poppet - concentrate on your new career!

smilealot :rolleyes2

P.S. Please be careful though, the bursary doesn't go far - especially if you live in London, as your proposed starting salary suggests.

chani1

hi gemma i'm 21 and in debt i posted my soa yesterday so im in the same boat i totally understand the debt situation i am currently going through the same feelings in regards to the guilt, ashamed embarrasment however after about 5 mins of posting my soa i realised how friendly and non judgemental these guys all are and instantly felt better. not only do they understand your situation but can actually suggest things to help you get out of it.... i want to live on the dfw board 4 eva......good luck for the future...chantellex

needawayout_2

hi there :hello:
I'm 26 and am in around £25K debt....(not including mortgage )you are SO not alone!
I'm new here so can;t help a lot just now but best of luck to you!!
x

gemsaysdontdodebtkids

Thanks everyone, I just needed to know that there was light at the end of the tunnel!

Felt ok last night, got home from work, had a nice bath and read until I fell asleep. Not usual!

Have decided to sell my car, as I can use the money from it to pay off the smaller niggling debts and it will definitely reduce my weekly expenses. A travelcard is only £57 a month here, I was paying that in petrol alone.

With regards to the teaching, I'll be teaching a shortage subject, so will get the £9000 bursary. In addition to that I've also applied for a grant and student loan, and should (touchwood) be entitled to the max amount (around £6000), so, financially I should be better off next year than I am now. Odd.

smilealot

Wow - you're lucky! (Sorry, nothing personal at all, I'm just bitter about the timing of when I went into teaching... first year not to get my £18,000 student loans repaid and didn't get grants etc). I trained as a maths teacher and got £7000 full stop. It was really tight, and it made my debt situation a lot worse, but you should be okay with £15,000 tax and NI free.

Good luck with it all!

gemsaysdontdodebtkids

Well still waiting to hear from Haringey council so you never know! I could get nothing!

I just want everything to be sorted and to know where I am. Seems ages away.