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I wonder if we are heading for another crisis with debt. Back in the mists of time (mid 2000) I had I am guessing £60K of unsecured debt. For about three years I paid this off with a DMP- firstly paying a total of £280 a month but latter down to about £15 when I lost my job. Then I found unenforceability. Every debt is now SB (with one ordered UE by a court) but since my credit file
has improved I have been applying for credit. I now have £50K of available credit card cash which I don't use but what if- I currently work 3 jobs and am on a reasonable income (to me anyway) of around £25K although some of that is tax free. This will drop by 8K in April so I am looking for more work.
If my position is like that, how many other people will be relying on CC - I am so blessed to have a partner who could support me if it all went belly up but do you see where I am coming from?
has improved I have been applying for credit. I now have £50K of available credit card cash which I don't use but what if- I currently work 3 jobs and am on a reasonable income (to me anyway) of around £25K although some of that is tax free. This will drop by 8K in April so I am looking for more work.
If my position is like that, how many other people will be relying on CC - I am so blessed to have a partner who could support me if it all went belly up but do you see where I am coming from?
