WILL I LOSE MY HOME?

On Sat, 4 Mar 2017 08:51:48 -0800 (PST), wrote:

On Saturday, March 4, 2017 at 10:16:29 AM UTC, Judith wrote:
On Fri, 3 Mar 2017 11:24:28 -0800 (PST), wrote:

On Friday, March 3, 2017 at 5:39:15 PM UTC, harry wrote:



If you have to borrow money to buy something, one can hardly strut around boasting.
It's all a bit proll-like.

If I have £20000 on 0% cards payable by 2020, am I the mug or is the bank?

I would think if you have £20,000 on cards and you are about to borrow £35,000
at 4% using your home as security and you do not have a job then that is a
no-brainer.

But of course you originally chose a good thread subject.

I have £1300 pcm as a pension and £35000 is £350 pm over 10 years.
Driving a van is another £1300 pcm = £2500 pcm.


You will owe £55,000 which you need to pay back in 3 or 4 years

You have a pension income over those four years of £60,000

Therefore you will have only £5,000 to live on over those four years unless you
get a job.

You will therefore be totally dependent on getting a job: something you have
not done yet.

Forget the new car : you have spent good money on your existing one which you
cannot recover - it satisfies your needs.

Start paying off the credit card bill and live off your pension.

Enjoy your retirement : live off your pension : get a hobby - how about
cycling?


HTH

You have not been charged for this financial advise.

On Sun, 5 Mar 2017 20:38:12 -0800 (PST), wrote:

On Sunday, March 5, 2017 at 1:16:58 PM UTC, Judith wrote:

Therefore you will have only £5,000 to live on over those four years unless you
get a job.

You will therefore be totally dependent on getting a job: something you have
not done yet.

Don't worry - there are Hungarians working for Fedex around here for £25000 who can barely speak English.


What's happening about the job you were expecting to get after the interview
you had before Christmas?