We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Facing up to debt
kazp11
Posts: 8 Forumite
Sorry if this is a long winded post!!!
My husband and I managed to get ourself into debt following our wedding, then having a baby. We thought we were totally in control but I was getting myself into more debt trying to make minimum repayment. Our marriage was really miserable, we argued all the time and could not afford to do anything.
I contacted the citizens advice bureau . They were brilliant. They contacted be loan provider and credit cad providers and agreed a payment plan based on the money I could realistically afford to pay. I now am reducing my debt, living within my means and most importantly SLEEPING at night and not worrying!!! Hubby and I are much happier
I cannot tell you how much more relaxed I feel. If I manage to save a little from my budget I can even treat us to a takeaway or treat.
The CAB think it will take 7 years to clear the debt (our payments will go up when we are not paying £790 a month nursery fees for my DD and DS).
I would love to hear any suggestions to help me pay this back quicker. I can't pull budget any tighter.
Thank you
Kaz
My husband and I managed to get ourself into debt following our wedding, then having a baby. We thought we were totally in control but I was getting myself into more debt trying to make minimum repayment. Our marriage was really miserable, we argued all the time and could not afford to do anything.
I contacted the citizens advice bureau . They were brilliant. They contacted be loan provider and credit cad providers and agreed a payment plan based on the money I could realistically afford to pay. I now am reducing my debt, living within my means and most importantly SLEEPING at night and not worrying!!! Hubby and I are much happier
I cannot tell you how much more relaxed I feel. If I manage to save a little from my budget I can even treat us to a takeaway or treat.
The CAB think it will take 7 years to clear the debt (our payments will go up when we are not paying £790 a month nursery fees for my DD and DS).
I would love to hear any suggestions to help me pay this back quicker. I can't pull budget any tighter.
Thank you
Kaz
0
Comments
-
Can you post a statement of affairs to give people something to comment on?Determined to save and not squander!
On a mission to save money whilst renovating our new forever home0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards