Credit card debt

bargainhunter121

Problem is mem62, I'm not keen to start using my money to pay it off for him. My money is included in the SOA. He spends 906 on childcare, 390 on the mortgage, 500 on miminum credit card payments and somehow then he has nothing left after fuel, rates, TV licence etc.
I pay the electricity, gas, fuel for the other car and car insurance, my own life insurance and health insurance ans all food bills. I only work part time.  He gets all the uc for the childcare costs, I get the dla for our child but use it on o/t, play therapy sessions etc. 

What budget should I give him per month moving forward, to allow the most to be paid to the cc debt but allow but essentials? £100?

Emmia

bargainhunter121 said:

Problem is mem62, I'm not keen to start using my money to pay it off for him. My money is included in the SOA. 

Could you do the SOA just for him?

I can see this is really tough for you though, being on lower income but not in this debt and having to take some of the burden (not necessarily financial) of getting through this.

How on board is he with trying to tackle the debt, or is it a case of taking the horse to water... but not being able to make it drink?

bargainhunter121

He says he's on board, has given me his cards and won't be using them/applying for more. It's hard to trust regardless. I'm not sure he understands how bad it is tbh. 

Emmia

bargainhunter121 said:

He says he's on board, has given me his cards and won't be using them/applying for more. It's hard to trust regardless. I'm not sure he understands how bad it is tbh. 

Has he also removed the cards from the delivery apps / deleted the apps?

prettyandfluffy

bargainhunter121 said:

He says he's on board, has given me his cards and won't be using them/applying for more. It's hard to trust regardless. I'm not sure he understands how bad it is tbh. 

As @Emmia has indicated, you need to be sure that no more spending can be made on those cards.  That means deleting them from all apps and online sites such as ApplePay or GooglePay, PayPal, Amazon, EBay etc etc.  If you can get a balance transfer card it might be better to just close the card accounts that are currently problematic.  Also, make sure there is no spending on any balance transfer cards you do get, mixing balance transfers and spending causes all kinds of expensive headaches.

TheAble

bargainhunter121 said:

Problem is mem62, I'm not keen to start using my money to pay it off for him. My money is included in the SOA. He spends 906 on childcare, 390 on the mortgage, 500 on miminum credit card payments and somehow then he has nothing left after fuel, rates, TV licence etc.
I pay the electricity, gas, fuel for the other car and car insurance, my own life insurance and health insurance ans all food bills. I only work part time.  He gets all the uc for the childcare costs, I get the dla for our child but use it on o/t, play therapy sessions etc. 

What budget should I give him per month moving forward, to allow the most to be paid to the cc debt but allow but essentials? £100?

Very rough numbers but I make it that even after deducting that little lot he still has a grand a month to throw at the debts. With a bit of diligence (and not spending) he could probably have them substantially paid off within a year.

I agree with you that you shouldn't shoulder the burden for him, that will be like trying to put water into a leaky bucket.

scourses

Problem is mem62, I'm not keen to start using my money to pay it off for him. My money is included in the SOA.

I understand what you are saying here, been through similar. Your husband has run up the debt unbeknown to you. Are you both in this together? Hopefully you can both come to an agreement as you do have enough to pay the debts down without taking out More cards and loans. Is there a possibility of your Husband having Pay Rise in next year. 

Good luck to you both. 

bargainhunter121

He's just told me he's due a pay rise in July (usually about 1200) I've told him it needs to all go on the debt. I think I'm due one in June too although nowhere near that amount.

bargainhunter121

Also is it better to wipe the debt on the marks card (he owes 2450) but it seems to have the highest interest rate rather than tackling the higher amounts on the others? He could close that one down once cleared. Just confirming...

RAS

There is some value in paying off very small debts and closing the cards, psychologically and potentially to improve your credit record.

In this situation round up the payments not on a low rate, as that'll keep out of the persistent debt arena, and hammer the card with the highest rate.