In Debt - Reality Check in place!

Reddington85

RAS said:

For things like holidays, do you have friends/family for whom you can house sit? Or look at city breaks when some of the hotel chains have very cheap deals?

We have generous parents who paid for our last 2 breaks so that has worked well for us - we're not precious on the holidays - we had a whirlwind year of married abroad and an extended honeymoon which will see us through 

ManyWays

Some of those "APRs" cannot possibly be right:

Updraft Loan...................5158......170.......6

118 Money......................1850......34........8

Lendable.......................5056......276.......11

Those are very expensive lenders and you should look at affordability complaints against all of them,also possibly the large Santander and Natwest loans. This applies in a DMP  with a company or a DIY version

And these look surprisingly low

Marbles........................2320......134.......15

BIP New Day CC.................1530......83........22

Monzo CC.......................959.......100.......13

Reddington85

ManyWays said:

Some of those "APRs" cannot possibly be right:

Updraft Loan...................5158......170.......6

118 Money......................1850......34........8

Lendable.......................5056......276.......11

Those are very expensive lenders and you should look at affordability complaints against all of them,also possibly the large Santander and Natwest loans. This applies in a DMP  with a company or a DIY version

And these look surprisingly low

Marbles........................2320......134.......15

BIP New Day CC.................1530......83........22

Monzo CC.......................959.......100.......13

You are correct, I’m not sure what happened typing over 

updraft 23.9
lendable 13.5
118 47.9

The credit card ones are offers and will end in August and revert to standard 

Will Stepchange handle an affordability complaint for me? Not sure where one starts 

thank your

Rob5342

Stepchange won't handle an affordability complaint, you'll need to do that yourself. Www.debtcamel.co.uk is a good place for information on affordability complaints. 

sourcrates

Stepchange are a debt advice charity, they do not handle complaints against creditors.

You must make a complaint yourself, information on how to do this can be found in this Link to the debt camel website:

Affordability complaints for two credit cards from a lender · Debt Camel

The same process applies to loans as well.

tigergambit

You must have had a survey when you bought the house - did none of these necessary repairs come up? If not do you have cause to complain against the surveyor? Possibly worth getting some advice on this.

Can't help you on the wedding overbudget - never knew one that wasn't.

Reddington85

tigergambit said:

You must have had a survey when you bought the house - did none of these necessary repairs come up? If not do you have cause to complain against the surveyor? Possibly worth getting some advice on this.

Can't help you on the wedding overbudget - never knew one that wasn't.

Yes a small wedding abroad indeed amplified 

unfortunately under a year after moving in the roof gave in after a few heavy storms, it wasn’t assessed as storm damage and more wear and tear, followed by a botched new kitchen with a company that went insolvent, just a run of bad luck and poor management on our part, thanks for the suggestion however. It’s lovely how helpful everyone is here 

tigergambit

Reddington85 said:

tigergambit said:

You must have had a survey when you bought the house - did none of these necessary repairs come up? If not do you have cause to complain against the surveyor? Possibly worth getting some advice on this.

Can't help you on the wedding overbudget - never knew one that wasn't.

Yes a small wedding abroad indeed amplified 

unfortunately under a year after moving in the roof gave in after a few heavy storms, it wasn’t assessed as storm damage and more wear and tear, followed by a botched new kitchen with a company that went insolvent, just a run of bad luck and poor management on our part, thanks for the suggestion however. It’s lovely how helpful everyone is here 

You didn't make any of the kitchen payments on a credit card by any chance?

Reddington85

tigergambit said:

Reddington85 said:

tigergambit said:

You must have had a survey when you bought the house - did none of these necessary repairs come up? If not do you have cause to complain against the surveyor? Possibly worth getting some advice on this.

Can't help you on the wedding overbudget - never knew one that wasn't.

Yes a small wedding abroad indeed amplified 

unfortunately under a year after moving in the roof gave in after a few heavy storms, it wasn’t assessed as storm damage and more wear and tear, followed by a botched new kitchen with a company that went insolvent, just a run of bad luck and poor management on our part, thanks for the suggestion however. It’s lovely how helpful everyone is here 

You didn't make any of the kitchen payments on a credit card by any chance?

Sadly not - bank transferred to the company. I didn't make the same mistake with the roof

londoner2019

Just a thought, but how you are approaching splitting the bills is interesting. And of course, you say you've had a meeting so you're both aware of the income and outgoings for each of you. But if your debt is down to the house and the wedding, then should this not be joint debt? Have you taken a proper go at doing a joint SOA - I.e. having both your incomes on there, and then ALL the outgoings (including your wife's debt)? Her taking on a few more house bills is great, but it's the incidental spends, or holidays, where it might get messy.

No judgement here, and I know it doesn't work for everyone, but you might find things easier by treating your household income and expenses, and debts, all as one joint budget.