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New thread, new me - hopefully!

poppytattoo · 2023-12-06 11:50:49

I think it's time for a new thread. The last one I started in January 2018 after coming to the realisation in late 2017 that I was in a much bigger hole than I thought. Five years later things are better but I haven't made nearly as much progress as I'd hoped. I started with just under £40k debt and I'll be entering 2024…

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badmemory Posts: 9,640 Forumite

8 December 2023 at 5:23PM

If you look at this from the purely financial point of view. You will be paying around 20% on your debts & around 5% in new mortgage interest. You are a family. Which option would make that family better off. As long as you are no longer accumilating debts the answer is obvious. It grieves me to admit it but the man is right.

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