Things Can Only Get Better!

One_step_forward

This is as bad as it gets!

Visa card £2168
GE Capital - Replacement Windows - £2503
Lloyds TSB - Conservatory Loan - £9816 (estimated, awaiting updated figure)
GMAC - Car Loan - £12908
First Active - Mortgage - £74,748

TOTAL: £102,143 :eek:


Have listed in order I need to pay off, my aim is to get rid of Visa and GE Capital before Christmas....

Tightening belts now.....

Thanks for listening... just had to tell someone!

Carol

debtfreewannabee_3

That's Good News At Least You Are Trying. We Don't Mind Listening To Other People's Sucesses.

ltm07

Your debts are similar to my OH's & mine,we have a £71,000 mortgage + £32.5k in debts,(down to £32.2k noW ). My Mum made me feel a little better yesterday when she said most people just starting out on the property ladder will have a mortgage of over £100k so we are only in the same position as them;) ! Seriously though it is a big weight on our necks. I'm not really in a position to give you much advice,but if you post your SOA on here then a few good people will reply to give you a hand. The only bit of advice i can give you is to go onto www.whatsthecost.com website,put in all your debts with interest rates on the snowball calculator & it will prioritise which debts to pay off first. It's the best thing we have done in a quest to get rid of our debts. Good luck.

In_Search_Of_Me

Welcome 1 step! The main thing is you are dealing wth it & in good company cos so are we!! If you post your SOA (& you dont have to!) people can help you to see where you can cut down. ALso have a look at old style boards, get a spending diary & write down EVERY penny you spend! You'll be gobsmacked! Also have a look at utilities etc (see tabs at top of board) & see where you can save (some switching companies also give cash back!) & get familliar with the site! Also a good idea to join a challenge for motivation! Big hugs!

One_step_forward

Thanks for your messages, difficult for me to work out SOA at moment.
Husband Self Employed, ususally his busiest time of year but due to broken wrist has been out of action for two months and now catching up with us!

In process of waiting for Accident & Sickness claims to pay out and various insurances!

There hopefully, will be a chance of compensation for his accident and am in the process of getting this claim registered which, if successful will help in the long term.

But now the invoices for work done prior to accident have been paid and only just returning to work but not at full strength yet and very physical job.

My own income is regular but not great, and over 50% of that goes to pay household bills and insurances each month.

Hope you don't mind me rambling........

Carol


PS: How do I get a signature at the bottom of my page?

Seaxwyn

HI Carol

Welcome to the board! Lots of us here are self-employed and struggling with irregular income so you will get lots of support.

To add a signature, click on 'User CP' at the top of the page. One of the options is 'Edit signature' - you can create a signature there and update it whenever you want.

I look forward to reading about your progress busting those debts.

dreamer999

Know how you must be feeling as my OH is also self-employed. He injured himself a couple of years ago and it was a nightmare. We did get some money back from his insurance but not as much as he would have earned. Also he is a builder so like your OH wasn't up to full strength when he returned to work.

To add a signature go to User CP on green tool bar above and you can add signature there.

cookie9

Hi One Step Forward,

Take note of all your income and outgoings. Can you cut back on anything eg switching utilities providers, getting a better deal on mobile phones, switching to own brand items, avoiding take aways and making things from stratch, living off of things in cupboards or freezer?

Can you increase your income at all eg overtime or an additional job?

Use the cashback sites when you can eg quidco and pigsback.

There is lots of good advice on these forums and everyone is friendly.

Good luck.