Advice needed

Seashell517

Candika said:

This is very true. Although it will be less cos I will still have to pay bills on top of the £1350 a month. I am wondering if I am better of testing this for year to see how it goes. I just want to get to the point in my life where I have to worry less about money and be able to save which I’ve never been able to do so far. After the initial remortgage I got into financial trouble again and have just paid that off and sort of debt free now. 

You need to sit down and do a budget so you know how much you would have left over after paying all the bills, and preferably after saving a proportion of your earnings too. Either do it in a spreadsheet yourself or find an online budget tool that will do it for you (I'm sure MSE has one).

Candika

Thank you all for your wonderful advice. I think what I will do is test this for a year to see how I get on and  how I cope with the extra finance. This will give us time to sort out the house and I’m sure it will become clear if we need to sell or not in the coming months. I appreciate all the advice abs I know it’s difficult to give accurate advice without knowing all the details. But it’s given me the advice I needed to give my head a wobble and realise I’m in a better position than some out here in this current climate and I am grateful  to be in that position! Thank you all 🙏♥️

[Deleted User]

Please note you don't have a credit score, all that matters is your credit history. Your score can go up or down depending on which way the wind blows, it is not seen or used by lenders, they have their own scoring system based on your data. Your score going up doesn't make you any more (or less) likely to get credit. Clearing debts is good and will make you look more attractive to a lender but they will still see the past debt so the score you see is moot.