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
Can't access funds
Comments
-
I know it doesn’t make a difference to what’s best now, but how did they end up with so much saved yet no ability to service their debts?exploringbeaches said:
Fixed term lasts another 15 months. Talking about £25k debts. But savings are around £70k! Bank said they'd release the money if she declared bankruptcy... Bit late by then!Grumpelstiltskin said:How much are talking about and how long does the fixed term have to run?
Once they are through this it’d be a good idea for them to try to build up an emergency fund to avoid this type of problem in the future.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards