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In debts and new to this board
crystaljoan
Posts: 8 Forumite
Hi all
I am joanna and I am £ 49000 with my husband .after my husband blew money for a job which lost all 2 months wages.I got panicke and missing 2 months payment i thought I ca not do this anymore.We were arguing and nearly start be domestick violence.
I made a move and called cccs.Well if I pay £500 a month we should be debt free in 8 years.
But I have a question to all of you who already are under debt managemnt plans.
Can I take mortgage if I am under this plan?We have a part buy part rent propert and would like to buy another half in 2 years time.
Do you end up with bad record?
What about taking car on finance?
Please let me know
thank you
joanna
I am joanna and I am £ 49000 with my husband .after my husband blew money for a job which lost all 2 months wages.I got panicke and missing 2 months payment i thought I ca not do this anymore.We were arguing and nearly start be domestick violence.
I made a move and called cccs.Well if I pay £500 a month we should be debt free in 8 years.
But I have a question to all of you who already are under debt managemnt plans.
Can I take mortgage if I am under this plan?We have a part buy part rent propert and would like to buy another half in 2 years time.
Do you end up with bad record?
What about taking car on finance?
Please let me know
thank you
joanna
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Comments
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:wave:
Welcome to MSE ~ its good to see that you are only ready on the home straght of being debt free.
I, for one, however wouldn't advise taking out any more credit agreements until you are in a much better financial situation.
If you look at the top of the board there is a newbies guide to DFW. Have a look through and then post your SOA (statement of affairs) ~ there could be plenty of ways for you to cut back.
HTH
tigtag:heartpuls baby no3 due 16th November :heartpulsTEAM YELLOWDFD 16/6/10"Shut your gob! Or I'll come round your houses and stamp on all your toys" The ONE, the ONLY, the LEGENDARY Gene Hunt :heart2:0 -
i dont really know much about DMP's but just wanted to say you are in the right place to get help, there are loads of really supportive people here who will help you outDFW NERD NO.656 DEBT FREE 24TH NOVEMBER 2010 TOTAL DEBT AUGUST 2007 £39000MFiT T2 NO.56 WE OWN [STRIKE]25%[/STRIKE] 31.5% OF OUR HOUSE SO FAR!0
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I think that DMPs stop you taking out anymore credit so it will probably be a no for the new car, but do you really want to drag your debt free date further and further away?Debt Free - done
Mortgage Free - done
Building up the pension pot0 -
I have no idea but am bumping the thread as i think it was at a funny time of day and didnt get the usual attention....another happy bug.........sorry,blogger embracing the simple life0
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Just wanted to say welcome! If your relationship is that bad have you considered some marriage counc? Just a thought & may help you talk thigs through rather than them escalate....big hugs for you!Nerd no 109 Long haulers supporters DFW #1! Even in the darkest moments, love and hope are always possible.0
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Just wanted to say hello & welcome to MSE.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0
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