Debt free diary

Siberianski

Well this is mine and my partners state of affairs it is not good reading i am affraid

I owe:

Student loans 15550 approx
Personal debt 16635
Mortgage we owe 74575 approx

My other half has around 14000 personal debt no student loans.


We are both on dmp's with cccs re our debts so the letters/phone calls/ debt collectors are kept away from our door.

The debts and problems we got our selves in are partly down too us and partly the torys/local council. My partner by profession is a youth worker and within the last 1-2 years she has had 2 redundancy notices, we went from her earning 25000pa down too 15pa then now too 7000 per annum. I wont bore you guys with the gory details but the net result was we had too much debt couldnt keep up with the payments and the bubble broke.

I have started hammering as much as i can online surveys and my partner has just started a new job in a childrens home too top up her earnings but things are tight.

Siberianski

Does anyone else use online surveys too top up there income???

We have found by the pair of us spending maybe an hour or so a day doing them its boosted our income by 100pm

Siberianski

Well its Sunday i have the day off work me and my other half have had a cupboard clear out and we have put together about 6 boxes worth of junk which hopefully will result in money

I have listed on ebay some dvd's and some old watches i have which are damaged and beyond repair.

Cash for clothes is getting a visit tomorrow. Hopefully this will bring in some extra funds and i can zap some more money off our mortgage arrears/ or some more money off my debts.

Siberianski

We are having a nightmare at the moment ge money our mortgage lender are charging us 40pounds per month as we are in arrears. We were on a repayment plan which was set at 750 per month. My partners income is up and down some months its 600pm others its 1000.

I communicated this too ge money on saturday and it was like talking too a brick wall. I tried too renogiate the arrangement i have on saturday and it was useless, this month we have had a 250pound car repair bill but that didnt matter. The lady on the plan and i quote said let your plan fail we will charge you 40pounds then we can rediscuss the situation.

Has anyone on a debt management plan used cccs/stepchange too handle there mortgage arrears.

Siberianski

I am in such a rat i return too work after a 3month period of absence due too a severe hand injury and guess what my department is getting cut from 42staff too 26staff

Options are reapply for my role (third time i will of done this in 5 years)

redeployment for a lesser paid role

or redundancy

The only plus is i have worked for my employer (one of the high street big six banks) for nearly ten years. And they are offering redundancy at 3 weeks wages per year of employment.

I do not have a clue what too do, cut and run, stay, redeploy.


I would love too retrain and go into a totally different role i hate working for a bank

Siberianski

I am so depressed i have too wait 2months before i find out if i keep or lose the role

mum2one

Hi, sorry to hear about the hassles, the good thing is you have got stepchange on board, - I've been with them nearly 2 years now, too many to go.

I can imagine the car bill not welcome, - it might be a thought to recheck your budget, as when I started I thought right dont need x,y,z and a,b,c only need this, but it turned into I was robbing Peter to pay Paul, I asked for a review and I reduced my payments by 25%, which does make a difference.

Can't help re the mortgage, thou from my other creditors it has to go into problems/arrears before they are able to help, so it may be that you have to do their suggestion.

Re the redundacy - The way I see it, is yep the severance seems fair, but you need to look long term, as you said with your wifes jobs their sounds there has been uncertaintly there. If it does happen then thats sounds like a new chapter, as for debts, etc - you cross that bridge when it happens.

You mentioned retraining, if there a particular field that your looking into, I would say start searching it, see what job security is, pay, training etc xx

Siberianski

my partner is a youth worker by profession in the past she did work for the local council running after school clubs etc but this was cut when the tories came in and council budgets were cut.

My partner job wise at the moment is very stable she works permanent in a school up in Northumberland as a pastoral assistant, and she has a job in a children's home which is not permanent but it is good money and she is seeming too obtain regular hours.

re myself i work in a call centre for a bank, i could i suppose with my experience level easily move too a different call centre. Where i live i am spoilt for choice Npower/Sony/EE/Bt/EDF/tmobile etc, i would even go agency staff if it meant just getting a foot in the door.

After ten years in a call centre i am pig sick of them been honest, i was thinking of maybe moving into the nhs, my parents are both nurses and have done well out of it as a career. I would do anything that does not involve been stuck in an office/call centre.

Siberianski

i am guessing benefits wise i would get zero for redundancy too???? years of constantly paying income tax and i bet i am eligible for not even job seekers allowance.