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Hi All
Im new to all this so if this is the wrong place to post then ill apologise now.
Bit of background info on my situation, my marriage ended 18 months ago, my husband left the matial home and i kept it on so took over the mortgage. (£588.00) per month.
Between us we have a joint loan of £26k which we took out alongside our mortgage but as an unsecured loan, we currently pay this at £160.00 per month over 30yrs, we havent decided what route to down with this debt as yet! We have kept up the payments and its not included in our DMP plan. We pay half each every month.
When husband left i took over the mortgage, switched it to interest only so the payments were more managable. Reduced all my household bills, switched to a water meter, basically everything i could lower i did!!
I got myself into a DMP and currently pay £105 per month with TCF ( treat customers fairly but they have now been taken over by another company whos name i forget). I have 3 credit cards all with Barclaycard totalling approx £10k.
I recently received a statement from my DMP and noticed one of the cards only has a balance of £700 left on it, my mum has offered to give me £250.00 to help with my debt so i have written to Barclaycard and offered this amount as a 30% settlement offer, i only did this last week so not heard anything yet.
I also suggested to Barclaycard that if we could come to an arrangement where i sacked off the DMP and paid Barclaycard the full £105.00, it would benefit us both as they would get the full payment instead of only receiving £55 per month between the 3 cards as the DMP obviously keep some of my payment back for charges.
Ive seen the thread about saving £1 per day so am doing this from today and at the end of every month im going to put the money in a savings account and then when i have a few hundred pounds ill pile this into paying of some lump sums towards sone of the debt.
At the minute im trying to think of a better way of reducing my debt but keeping out of the courts, i really dont want CCJ's coming through my letter box but know i cant stay in the DMP forever, i may switch this to an IVA but not looked at it properly so not sure if this would be the right way to go ir if it would be suitable for me.
I also have a hobby of floristry and do this for family and friends, weddings etc so do sometimes have a little extra income to make ends meet and try to save where i can but those pseky things like MOT's and Car Tax keep popping up and then im back to square one!!
Ill keep you posted if i hear anything from Barclaycard! (but noth holding my breath!)
Jen
Im new to all this so if this is the wrong place to post then ill apologise now.
Bit of background info on my situation, my marriage ended 18 months ago, my husband left the matial home and i kept it on so took over the mortgage. (£588.00) per month.
Between us we have a joint loan of £26k which we took out alongside our mortgage but as an unsecured loan, we currently pay this at £160.00 per month over 30yrs, we havent decided what route to down with this debt as yet! We have kept up the payments and its not included in our DMP plan. We pay half each every month.
When husband left i took over the mortgage, switched it to interest only so the payments were more managable. Reduced all my household bills, switched to a water meter, basically everything i could lower i did!!
I got myself into a DMP and currently pay £105 per month with TCF ( treat customers fairly but they have now been taken over by another company whos name i forget). I have 3 credit cards all with Barclaycard totalling approx £10k.
I recently received a statement from my DMP and noticed one of the cards only has a balance of £700 left on it, my mum has offered to give me £250.00 to help with my debt so i have written to Barclaycard and offered this amount as a 30% settlement offer, i only did this last week so not heard anything yet.
I also suggested to Barclaycard that if we could come to an arrangement where i sacked off the DMP and paid Barclaycard the full £105.00, it would benefit us both as they would get the full payment instead of only receiving £55 per month between the 3 cards as the DMP obviously keep some of my payment back for charges.
Ive seen the thread about saving £1 per day so am doing this from today and at the end of every month im going to put the money in a savings account and then when i have a few hundred pounds ill pile this into paying of some lump sums towards sone of the debt.
At the minute im trying to think of a better way of reducing my debt but keeping out of the courts, i really dont want CCJ's coming through my letter box but know i cant stay in the DMP forever, i may switch this to an IVA but not looked at it properly so not sure if this would be the right way to go ir if it would be suitable for me.
I also have a hobby of floristry and do this for family and friends, weddings etc so do sometimes have a little extra income to make ends meet and try to save where i can but those pseky things like MOT's and Car Tax keep popping up and then im back to square one!!
Ill keep you posted if i hear anything from Barclaycard! (but noth holding my breath!)
Jen
Swanny will look after you on that score! Me trying to save a pound a day doesn't work, I do like my costa coffee and goodies....
leave my Take That boys alone
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