Are You Really in Debt? Hmm,, YES YOU ARE !!
We are always moving the debt around, so all levels of life in balance with a credit card, they are zero when the balance was transferred to the card and the card is cut so that no expenditure on them. But we just have to make monthly payments min. The loan is about 6.5% so about the best price going. But it’s been like this for three years and we do not get anywhere.
I have read the various forums for several months now, and really convicing myself that I did not have a debt problem, how ridiculous.
Like most people we really live from pay check to pay check and we sat down to add to our debt goes up.
Halifax One Credit Card 赠 5000
Halifax NSPCC Credit Card 赠 5900
MBNA Credit Card 赠 10 600
Amex Credit Card 赠 13 400
Virgin Credit Card 赠 5300
7900 Egg Loan 赠
Overdraft 赠 5500
Loan smile 赠 8900
Loans 12 400 Amber 赠
Secured Loan 赠 28 000
Total Debt 赠 102 900
Shocked, well we certainly are.
We are always moving the debt around, so all levels of life in balance with a credit card, they are zero when the balance was transferred to the card and the card is cut so that no expenditure on them. But we just have to make monthly payments min. The loan is about 6.5% so about the best price going. But it’s been like this for 3 years and we do not get anywhere.
Like most couples debt caused difficulties, we are ashamed that we owe so much money.
Married with one child, my wife gave her job to take care of our children, so we have been on one income.
I have a very good job and bring home a month after taxes 赠 5300, because of my take home pay both the debt we have not seen, what I mean is that we always make min payments to credit cards, but we broke in the middle of the month.
We are considering remortgage our house, about equities 赠 150K, to clear the debt, then pay the mortgage.
We have vowed to have only one credit card and have canceled all store cards, M & S, NEXT, etc. etc.
Our whole focus is that if we are not able to make purchases on the card we switch then we do not make a purchase.
Are there other people remortgaged their homes to clear their debts? if you stick to your plan and keep it free of debt?
Do you recommend cleaning with a remortgage loans from try and stick with them because they only have 2 more years to run? Or just clean up the parking lot?
We never thought of ourselves in debt, but we really are and if we do not change the state of our children will suffer in a few years later with the increase in current debt.
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Published in: Personal Finance
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