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
planning for debt
calamity
Posts: 43 Forumite
New here so please stay with me if i get this wrong.
We have quite high outgoings each month which we currently manage.
However I am on long term sick leave and will go onto half pay in roughly 6weeks--at this point things are not so manageable.
I am considering asking our mortgage lender for a 2 mth payment break as this would allow us to mop up all our credit card debt in advance of half pay.
After this we would only have one loan which would have 14mths left to run and our other outgoings --which are still quite high but we would scrape through.
Has anyone any experince of this and what are your thoughts.
Our lender is the Abbey--do not know how approachable they would be.
Many thanks.
We have quite high outgoings each month which we currently manage.
However I am on long term sick leave and will go onto half pay in roughly 6weeks--at this point things are not so manageable.
I am considering asking our mortgage lender for a 2 mth payment break as this would allow us to mop up all our credit card debt in advance of half pay.
After this we would only have one loan which would have 14mths left to run and our other outgoings --which are still quite high but we would scrape through.
Has anyone any experince of this and what are your thoughts.
Our lender is the Abbey--do not know how approachable they would be.
Many thanks.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards