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
Additional borrowing on mortgage whilst in DMP
Comments
-
Hi all. An update.
For everyone asking about my position, I had saved a healthy emergency fund which needed to be used after life throwing me things over the last 3 months. I was glad to have the money aside, but it now sits at about £500 left which obviously is not covering a boiler replacement. No one can generally plan for their boiler being condemned, and I'm only a year in, so cut me some slack please. I haven't used any type of credit since April 2024 now.
I am doing my very best, with two children & being a single income household not entitled to any benefits at at all & working full time.
Okay so officially I guess the DMP hasn't started as I am not paying anything towards my debts yet. I just save this into my emergency fund.
My SOA is up to date & working well, with me saving each month & I have pots for planned annual spending.
I was just looking for some emergency help/ideas as I'm sure others in my situation would too.
0 -
Just the two creditors. No other debts except mortgage0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards