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!

debt repayment proposal

2»

Comments

  • ~Beanie~
    ~Beanie~ Posts: 3,043 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You may have no choice but to give up your home - the loan and your overdraft are secured on it. The whole point of a secured loan is to allow the lender some way of recouping their money if you fail to repay them.

    Thats why adverts for secured loans include the phrase: THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS ARE SECURED ON YOUR HOME.

    I really think you should sell up and repay your debts.
    :p
  • lauraocal
    lauraocal Posts: 73 Forumite
    I have taken into account all my bills in the 880 not so much any extras you mentioned clapton.
    But yes this is a figure I'm comfortable with. I have set up a repayment with tsb for £35.00 a week, not added to my outgoings.
    the mortgage is in my partners name only.
    Some times all you need to get along is nothing at all.
    :p
  • lauraocal
    lauraocal Posts: 73 Forumite
    Sorry thats £35 a month not a week
    Some times all you need to get along is nothing at all.
    :p
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.