£30,000 debt, better suggestions if possible of dealing with it.

splishsplash

Hi again,
You know, you really sound lovely and caring, but you do realise this is not your debt, and it's putting you under severe pressure, and to be honest, a token payment from April for who knows how much is just not good enough for a debt this size! It's her debt - does she not realise this?
If your mum is living with three others in a two-bedroomed house, then her outgoings are minimal, and she should have enough to give you a half-decent payment plan - but she's obviously not treating your debt as a priority, and it sounds like you're not making her treat it as a priority - which it is!
It's awful that she's lost her house, but it will be twice as bad if you end up with no food to put on the table because of it!
I understand you are making excuses for her, but to be honest, you can't afford to... sorry if that sounds harsh, but it really does sound like she's not really making an effort to deal with this at all. She must realise the situation she's put you in - doesn't she
Best of luck.

marcus79_2

still looking for suggestions guys
thru here managed to save £20 p/m but still looking on ways.

is there anything i can do with minimal effort making some extra money?

tesuhoha

Has your mum's house been sold yet and if so, what happened to the money?

firesidemaid

just a few thoughts...

we have a large 3 bed detached house and are with anglian water and pay only £30 a month on a meter (they used to charge £48 on rates) and we use wash machine and dishwasher daily and have baths - so you could get this down to less than this. ring up now it costs nothing.

do you buy weekly or monthly bus pass? look into this. also there is a scheme whereby your employer can lend you the annual amount and you pay it back monthly - you also save the tax on this (- 22%) and they save the NI conts.

prescriptions - get an annual prepayment certificate for approx. £100 a year. you can also buy them 3 or 6 monthly, they still save money.

does your wife get dla? has she ever claimed?

is interest still being applied to your debt? if so then maybe you should speak to one of the free debt charities such as cccs?

good luck x

Robflh

Hi marcus79

Can you clarify the two loans you took out for your Mother? A payment of £20 per month for a £5,000 loan would seem to be way too low and the same goes for the £20,000 loan.

Can you also explain what the £25 HFC payment is for. I am presuming that it is for a loan. In which case, how much were the loans for, what is their current balances and what is the APR for each of them.

marcus79_2

Robflh wrote: »

Hi marcus79

Can you clarify the two loans you took out for your Mother? A payment of £20 per month for a £5,000 loan would seem to be way too low and the same goes for the £20,000 loan.

Can you also explain what the £25 HFC payment is for. I am presuming that it is for a loan. In which case, how much were the loans for, what is their current balances and what is the APR for each of them.

no mate you mis-read it.
in order to get payments down i let them go to a collector and just aranged with them what i could afford each month which i said was the amount i am paying.
HFC is a comapny that aproves credit, where you pay monthly which is the wifes laptop, which she had before we moved in together which i think has maybe £200 left to pay on it, so thats not to bad.

no intrest is charged on top of the loans we paying off, and as things stand both loans to pay off work out at £28,955
if i payed it all off id proberly get money back or beable to come to an agreement with companys on what they would except but not in that position.

marcus79_2

sazzacat wrote: »

just a few thoughts...

we have a large 3 bed detached house and are with anglian water and pay only £30 a month on a meter (they used to charge £48 on rates) and we use wash machine and dishwasher daily and have baths - so you could get this down to less than this. ring up now it costs nothing.

do you buy weekly or monthly bus pass? look into this. also there is a scheme whereby your employer can lend you the annual amount and you pay it back monthly - you also save the tax on this (- 22%) and they save the NI conts.

prescriptions - get an annual prepayment certificate for approx. £100 a year. you can also buy them 3 or 6 monthly, they still save money.

does your wife get dla? has she ever claimed?

is interest still being applied to your debt? if so then maybe you should speak to one of the free debt charities such as cccs?

good luck x

water metre is great idea ill get on that tomoz morning
a weekly bus pass up here is £7, but daily pass is £1 which is what she gets.
As my wife only gets 2 perscriptions per month going on a payment plan saves only £9 a year for us, big savings start on 3 perscriptions plus a month.
wife is unable to claim anything as she can still work so they wont do nothing until she drops below 20hrs and when we looked at it, she would be earning same money if she did drop down to 20 hrs and get benifit same as work now, we never claimend benifit before and would both sooner work.

no intrest is being applied to debt.

chevalier

So you mother had NO equity in the house at all when it was sold? What was raised for the sale, JUST covered her mortgage, and none left over? I am only asking because with the way house prices have been rising, I would be surprised if the sale only covered the mortgage.

ref earning some income here is a list of sites I use to earn money. They can all be done from your computer

regards
chev
www.lightspeedpanel.com - this is a survey site, where you get points that turn into vouchers (you choose). May not help with the cash flow, but the vouchers could be saved towards birthday/xmas or given as presents.

www.ciao.co.uk - survey site that gives money. A bit fits and starts i.e. no surveys for a couple of weeks, then three or four the same day.

www.yougov.com - again paid surveys. However takes a while to get to the minimum payout level

www.mytns.com - again this is a survey site, but it pays you in points that convert into Nectar points at Sainsbury’s.

www.pigsback.co.uk - this is a points site, i.e. they give you points for buying things via their site. BUT you also get points for signing up for news letters (some of which are even interesting!), and also for clicking on adverts with pink borders. I have spent NOTHING with them but got £40 vouchers through (been registered since January). There is also a thread in the freebies section, of https://www.moneysavingexpert.com that gives you all the daily answers to the competitions so you can have a better chance of winning on them. I won £20 of points recently on the daily quizzes so a nice boost to the Christmas fund.

www.mutualpoints.com - another points for clicks site. You can also buy things via their site and get points too. For a long time, I just clicked the links in the emails they send you, and that gets you 5 points. At 3000 points you get £20 I think. You can do searches via their site and that gets you points too.

www.quidco.com - this is a cash back site, so very good, for checking if any potential new insurers (i.e. if you have checked your contents insurance say and found a new provider), are offering cash back. E.g. Lloyds was offering £120 cash back on new policies at one point (the offers do change). You can also get small amounts of cash again for doing searches via their site. You can earn 52p a day by doing this. Every little helps.

www.greasypalm.co.uk - another cash back site, where you can do searches and get small amounts of money. But it all adds up. I think you can get about 50p a day on there for nothing. Minimum payout is £20 I think, but you can sign up to survey sites via there, and get extra money that way for nothing.

www.topcashback.co.uk - another site where you can do daily clicks to get money for nowt.

www.britishrewards.co.uk - same as topcashback, daily clicks to do searches for pennies a time.

neverdespairgirl

Have you checked on rightmove to see if you can get a cheaper place to rent? Obviously I don't know exactly where you live (and you don't need to say) but you did say you were in Forest Heath - there are places to rent in, say, Mildenhall for a lot less than you are paying, such as a 3 bed flat for £495 per month:

http://www.rightmove.co.uk/viewdetails-16708810.rsp?pa_n=1&tr_t=rent

or a 3 bed terrace for £550:

http://www.rightmove.co.uk/viewdetails-17273252.rsp?pa_n=2&tr_t=rent

firesidemaid

you can work and get DLA -disability living allowance.

just the fact that you said she can't work any more than .... hours means that she has a disability.

does she need help (even if you provide it) with housework, shopping, walking distances or any personal care?