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  1. #21
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    Yes you could use that $50 a fortnight would wipe 300 of your quarterly electric bill.

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  3. #22
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    Do you have a redraw facility on your home loan?

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    what's caused this financial pickle? is it debt (home loan aside)?

    you've said that you can't cancel private health insurance as you'll be up for the Medicare surcharge. at that level, I'm guessing your combined family income is not too shabby.

    what's making it so hard to catch up?

    feel like there's more to the story here.

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    VicPark  (19-09-2015)

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    Quote Originally Posted by BigRedV View Post
    Do you have a redraw facility on your home loan?
    no. just no.

    don't redraw on your home loan to pay for bills.

    have you got an offset account? any investments you can sell down?

    seriously, getting into more debt to dig yourself out of a whole is pointless.

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    Quote Originally Posted by turquoisecoast View Post
    no. just no.

    don't redraw on your home loan to pay for bills.

    have you got an offset account? any investments you can sell down?

    seriously, getting into more debt to dig yourself out of a whole is pointless.
    Better than defaulting loan payment and late bills. Every late bill gets marked against your name.

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    Ashram  (25-08-2015),gingermillie  (25-08-2015),moosey  (25-08-2015)

  10. #26
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    Quote Originally Posted by BigRedV View Post
    Better than defaulting loan payment and late bills. Every late bill gets marked against your name.
    it's perpetuating the cycle of debt. you're not actually getting ahead, just deferring the problem.

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    Can you buy only what you really need , ie food wise , buy some bread , 2 minute noodles, cheap fruit , make soup as another poster suggested.

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    moosey  (25-08-2015)

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    Default Help! I've got no money for bills

    Quote Originally Posted by turquoisecoast View Post
    it's perpetuating the cycle of debt. you're not actually getting ahead, just deferring the problem.
    $2k isn't much on a redraw in the grand scheme of things to get a bit of a buffer and break the cycle.

    Plus if they have access to a redraw it means they're actually ahead on their mortgage.

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    yeah I get that. look I'm not trying to be unsympathetic but I just feel like there is more to the story.

    cooking cheap soups and redrawing on your home loan to pay a few bills isn't going to fix a major underlying problem. I'm guessing there is more to the story and probably bigger issues that need to be addressed before OP is able to get on top of things.

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    VicPark  (19-09-2015)

  17. #30
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    If you're trying to refinance your mortgage, I suggest talking to a Mortgage Broker. They do all the work for you, finding the best loan for your budget and situation.

    Good luck


 

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