Somebody switched a light on today...

lmw1977

The bank is starting to hound me again...

Hold on let me rewind a few years; I got myself into all sorts of financial trouble a few years ago (before I met my wife) after a very stressful and c*** (not the best) time I managed to somehow claw myself back into debt freeness by selling assets etc.

However I didn't learn my lessons (not something I'm proud of but ho hum - I'm here right now!). So here I am now; with a wonderful family (wife and 2 young beautiful kids). I've already spoken to my wife she knows the situations etc., I'm not losing her just because of the debt!

Basically the debt is as follows:-

13k HSBC Loan
1600 on HSBC Credit Card
1352 Overdraft (limit of 500: temporarily extended to 1200 but no further!)

I'm doing everything I can to get that Overdraft within it's limit in the first instance to avoid the hefty charges (I'm in the latter stages of reclaiming these hoping that the bank doesn't file a defence)

What sparked off this "lightbulb moment" is I can't buy the wife anything nice for her birthday...the bank are pestering me: At work...I don't reckon they should be allowed to have quite so much power over you (but in the interest of fairness although I don't think this excuses the bully boy tactics: I am over my limit they are just doing what any other business does on a daily basis trying to get it's "invoices" paid)

Ok, so I know this isn't everything you need but I wanted to introduce myself and say "Hi, I have a debt problem but I'm proud to be facing up to it here!" I thought I'd post now whilst I'm reasonably on top of it, some days I'm way down...luckily though never to the edge!!!

Full SOA to follow...

thanks for taking time out to read this post.

lmw.

slowlyfading

Just wanted to say :hello: Posting a SOA will help us help you further

cunni884

slowlyfading wrote: »

Just wanted to say :hello: Posting a SOA will help us help you further

Just want to say gl and will bve watching with interest

Paul

calleyw

lmw1977 wrote: »

What sparked off this "lightbulb moment" is I can't buy the wife anything nice for her birthday...

Nice does not mean expensive. As long as it is well thought out and something that you know she will like it does not matter if it cost 50p or £50K.

All the best with everything.

Take care


Yours


Calley

moonlightpjs

Hi :wave: and welcome to the wonderful world of DFW's
Well done on having your LBM :T look forward to seeing your further posts.

As Calley says its not what you spend on your wifes birthday, its the thought that goes into it
Good luck xx

PigginSkint

Hi and welcome! :hello:

Well done on your LBM. :T This is the first day of a new way of life - enjoy the ride!

LJD1_2

Well done on taking the first step. It will be worth it xx

Kaz2904

Why don't you make her a lovely cake, get the kids to take breakfast in bed with some flowers from the garden and have a free day out with a picnic? £less than 10, value, priceless!

lmw1977

Thanks storm, I'll take a look at the main article and the boards.

Kaz2904

I'm with tiscali and am quite happy but we're looking to go with sky as we will then get tv and calls for £11 a month more than we pay at present but quidco are doing £60 cashback atm.

Lucie_2

Another "free" birthday idea - make her a jar of promises.
Make up "promise vouchers" on the PC and put them into an old jam jar, shoe box, whatever really.......
Things like: a foot massage, washing up, ironing, washing the car, babysitting, cooking dinner, breakfast in bed, lie in on a Sunday, watching coronation street all week without me moaning (;)) - basically anything that she normally does for you or would be a nice treat. If you can think of 12 things then she can use one a month for the next year.
Much more valuable than an expensive prezzie in a big box.