Recently returned to UK, time to sort out the mess

edpvito

I have been living in Sweden for 3 years and struggled with finding work, although i did find work for the last year and a half. I found that i couldnt really survive without using my UK credit facilities - two credit cards, bank overdraft, mortgage overdraft. I made the decision to find work in the UK and come back which i have now done. Been in new job for 3 weeks. Luckily I had someone paying my mortgage for the last 3 years so I am probably marginally financially in the plus over the 3 years but I am paying lots of charges for the credit I have been using, so I need to sort that out. I have paid off one of the credit cards and closed this month but I am left with 1200 on a credit card thats 2.21 interest per month, an ovedraft with Santander that fluctuates between a few hundred in the black to a 1000 in the red depending on how close to pay day, which i will soon be paying 25 - 30 pounds a month for. I also have a loan I took out with Northern Rock a few years ago and that has a settlement figure of 3000. My mortgage reserve has a few thousand debt but my house equity is good so I am not worrying about that too much at the moment. I have been taking guests from airbnb since i returned but this has mostly just paid for a few things that needed doing on the house. Hoping to be debt free by Christmas. No credit card, no northern rock loan, not using the overdraft facility. Unfortunately whilst living abroad some of my admin skills went astray and I missed some payments here and there and therefore my credit rating is not too good so I cant really move my debt around to a better deal.

Takeaway_Addict

If you were renting your house out then you should be paying tax on the income created from this.

MEM62

Takeaway_Addict wrote: »

If you were renting your house out then you should be paying tax on the income created from this.

Possibly, it depends on the OP's residential and tax status. I don't see anything in the post that suggested that the OP has avoided his tax obligations - if, that is, there is any liability.

[Deleted User]

is the OP asking a question or making a statement ?

sourcrates

Deleted User wrote: »

is the OP asking a question or making a statement ?

Was actually thinking the same thing, was there a specific


question you wanted to ask OP ?

edpvito

Thanks for the responses, i realised that i should have put this as a debt free diary, i wanst asking a question...absolutely not dodging my tax responsibilities, i have honestly and accurately been declaring my earnings on my property from the beginning...but kind of you to jump to conclusions!