Getting a loan after paying a large amount of debt

thriftylass

John-K wrote: »

That does not follow at all, it all depends on outgoings.

My mortgage and the service charge on my building alone come to more than the OPs take-home pay, leaving nothing at all to live off.

OP, you clearly are spending an awful lot of money on something, what is it all going on? This is what you need to address, shuffling debts is unlikely to fix anything.

Your mortgage and service charges are more than 6k a month? No pitty from me not having any money to live off. Move somewhere cheaper. Most outgoings at that level are by choice.

Unless.....

If they meant they only take home 6k a year together after tax, time to look for more income and stop spending.

Totally agree a SOA would be good to give more tailored advice as were guessing income and outgoings here and might be coming to the wrong conclusions.

MEM62

John-K wrote: »

That does not follow at all, it all depends on outgoings.

My mortgage and the service charge on my building alone come to more than the OPs take-home pay, leaving nothing at all to live off.

OP, you clearly are spending an awful lot of money on something, what is it all going on? This is what you need to address, shuffling debts is unlikely to fix anything.

We may never know. The OP might have bailed as they haven't been back to the thread in three days.

Calmfab

I'm sorry, I'm back and I now have a computer so I can do a soa. We have now paid our loan and one of our credit card. We are going to put as much as we can on what is left to be paid, we just would like to try to lower the interests if we can. Anyway off to do the soa

Sncjw

If you get a loan to pay off your debts your effectively doubling your debt. The lender won!!!8217;t know your using it pay off debts so they will asses affordability and loan rate based on the double the debt amount

John-K_3

thriftylass wrote: »

Your mortgage and service charges are more than 6k a month? No pitty from me not having any money to live off. Move somewhere cheaper. Most outgoings at that level are by choice.
.

It is pity. Single t.

And I am not sure where you are coming from there, we have plenty to live off, the mortgage is comfortably covered by either of our wages. Why did you assume that either ai was struggling or asking for sympathy?

There are some very strange posts on here sometimes...

thriftylass

John-K wrote: »

My mortgage and the service charge on my building alone come to more than t
he OPs take-home pay, leaving nothing at all to live off.
.

The bit in bold let me to assume you struggled. Sorry if I was wrong.

And sincere apologies for a slight spelling mistake, English isn't my first language.

John-K_3

thriftylass wrote: »

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The bit in bold let me to assume you struggled. Sorry if I was wrong.

And sincere apologies for a slight spelling mistake, English isn't my first language.

OK, I see where you are coming from. I meant that if the OP had my outgoings then he would have nothing to live off. I can understand the misunderstanding, but not the weird comments about pity. Why would I want your pity, even had I been asking for advice?

Did it make you feel good, superior perhaps, thinking that you were talking down to someone who may have made some mistakes? I cannot thinkmof any other reason for such a mean spirited post.

thriftylass

John-K wrote: »

OK, I see where you are coming from. I meant that if the OP had my outgoings then he would have nothing to live off. I can understand the misunderstanding, but not the weird comments about pity. Why would I want your pity, even had I been asking for advice?

Did it make you feel good, superior perhaps, thinking that you were talking down to someone who may have made some mistakes? I cannot thinkmof any other reason for such a mean spirited post.

I apologise if that came across wrong or I chose the wrong words. I just didn't understand the choice to have a house that costs 6k a month if that leaves nothing to live off. And no it didn't make me feel superior and it wasn't mean spirited. I apologised, no reason to have a go at me.

Sorry for distracting from the original line of discussion