Cannot see wood for the trees - persistent debt advice

inthezeroroom

EssexHebridean said:

Moving forward - you need a proper solid monthly budget that you both agree on, you need to ensure that your lifestyle in in alignment with the income you have to fund it, and you both need to sit down and review finances together on a regular basis - probably monthly initially.

This ^^

You don't need a debt management plan. You just need to work together.

ManyWays

You don't need a debt management plan. You just need to work together
We dont know whether she does need a debt management plan or not as we havent seen any numbers

Scarlet_to_Black

sourcrates said:

nachocheese said:

Thank you for your reply.

I'm reading on the forum about debt management and I wouldn't mind doing it myself and not through companies. My husband is less keen because of the implications to credit file. But how does it affect our remortgaging in a few months time? 

Sooner or later the decision will be taken out of your hands as these things seldom get better on their own.

Your credit file should be the least of your worries right now, easy to say I know, but getting rid of the debt is the priority.

As to re-mortgaging, if you do so with your current lender, no credit check is done, only if you change lenders will that be an issue.

Is this even if you’ve had debt with the same bank your mortgage is with…in my case 2 x loans and 2 x credit cards which will default. Can I still just rate switch at the end of the fix in 18months? 

EssexHebridean

Scarlet_to_Black said:

sourcrates said:

nachocheese said:

Thank you for your reply.

I'm reading on the forum about debt management and I wouldn't mind doing it myself and not through companies. My husband is less keen because of the implications to credit file. But how does it affect our remortgaging in a few months time? 

Sooner or later the decision will be taken out of your hands as these things seldom get better on their own.

Your credit file should be the least of your worries right now, easy to say I know, but getting rid of the debt is the priority.

As to re-mortgaging, if you do so with your current lender, no credit check is done, only if you change lenders will that be an issue.

Is this even if you’ve had debt with the same bank your mortgage is with…in my case 2 x loans and 2 x credit cards which will default. Can I still just rate switch at the end of the fix in 18months? 

Best to start your own thread @Scarlet_to_Black as there will probably be further information needed to be able to help you properly.