Token £1 payment- no hope

Sazzie23

Powered_By_Pies wrote: »

Not really. Usually credit facilitators like having set amounts paid each month by their customers and debtors, long and short of it is it makes it easier for them and their balance sheets.

At the same time, if you managed to save extra at the end of the month, I'd advise at least putting it into an emergency fund or something. Budgeting is key - I've learned that the hard way and being a typical 25-year-old male, I'm still pretty hopeless at it, but even so I'm a lot better at it now than I was a couple of years ago.

So without getting you to go into too much detail over a public forum, are you only earning enough per month that all other necessities like utilities, food, tax etc are just about paid for, leaving you virtually nothing as spare cash?

Don't do yourself down, wish I'd learnt about emergency fund and budgeting at 25 instead of 20 years later
Excellent advice though, am in similar position re mortgage though debts are higher but am currently able to make a reasonable payment to all of them, so there is a possible end in sight for me

unimaginative_user_name

Good luck with your debt free journey.

Do you have a spare room you could rent out by any chance? You can earn up to around £4200 tax free if you do. I know some of your bills will go up if you do this but it might help.

I would recommend posting your state of affairs as others have suggested. There's also the old style board which I've found really helpful for reducing grocery expenditure.

[Deleted User]

I would let things stay as they are at the moment; to be honest if you have loans secured on your property and they are willing to accept £1 per month, then actually that's a pretty good deal. Perhaps your situation will improve in the near future and you could offer more.