Can you please advise me.

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gazp

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Post by gazp » Tue Apr 15, 2008 10:59 pm
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Hi Guys

I currently have a mortgage with NR for £236000 with no equity, I also owe them £10000 for a secured loan.

As for my other debts I owe @ £21000 on CC's.

My problem is just starting as some CC's have doubled my apr to 29.9% and upped the min payment to 5% and the re-payments are getting very tight .

I have a reasonably well paid job £44000 after pension deductions and my wife earns @ £13000.

Can you please advise me.
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Viki.W

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Post by Viki.W » Tue Apr 15, 2008 11:12 pm
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Hey gazp, an expert will answer you shortly, how many credit cards and to what companies? Any other unsecured debts?
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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emma_t

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Post by emma_t » Tue Apr 15, 2008 11:15 pm
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Hi there and welcome to the forum

I would hang around for an expert to answer your post, as I am another person in debt and don't want to give wrong advice.

Professional's post on the forum regularly, so one for them I think,
Emma
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
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ianmillington

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Post by ianmillington » Tue Apr 15, 2008 11:16 pm
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Do I read this right, the NR loan is secured as opposed to a "Together" Mortgage?

To use a very broad brush, and to add to Viki's question, roughly how much surplus income would you have each month, if the credit card debt wasn't there?

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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