Hey IM's,
I'm in so much debt. I seperated due to DV and the house is on the market and he has tried to use that to get me to do what he wants as my family are guarantors. Latest message from him was we have stuff to sort out before the house can be sold as someone is doing building and pest this weekend. Nothing needs to be sorted to enable the house to be sold. It just needs to be sold. He just thinks that if he holds onto the house he can get me to do what he wants but that's not going to happen.
I'm paying rent plus part of the mortgage and part of the rates. I'm currently on unpaid leave from work due to serious and rare health issues with my daughter she's had three surgeries in the past month plus more to come and lots of appointments. Centrelink gives me something but it doesn't cover everything. Due to the DV I requested through Centrelink I not have to collect child support so my fta and b weren't affected as I work full time and receive no other Centrelink normally.
I don't know how to get out of all this debt. $43000 I got left with when I left that's in my own name. Debts to parents they lent is for ex husbands court fees etc. I don't want to fight him for money, it's not worth the drama that comes along with it. i just want to get myself out of debt. I'm left with $100 per fortnight for fuel food clothes etc. I've got nothing of value I can sell besides my engagement ring which was $6000 unsure how much I would get for that tho probably only a few thousand dollars. I literally pay the bare minimum on things I've cut everything back as much as I can. Even the little things I have wouldn't get me anything much. I have regular medication which is $60pm.
I've done online calculators and if my interest rate was 5.15%pa I could afford to pay off within 4 years once the house sells and I no longer have to pay that. And I would be left with around $250pf.
My rent is low $290pw (it's actually my parents rental)
I'm currently two weeks behind in rent. I owe money to the ato when I do my tax return due to hecs I forgot about and now earning over the amount last financial year.
I feel so lost and it's depressing me every day trying to work out my finances. I just don't know what to do. I go without so my daughter has everything she needs. She will always come first. I have her full time and we do supervised visits in a public place once a week.
I'm currently filling for a divorce. That's costing me money too. $1500 which I need to pay off to the solicitor. I need to do a will and a trust fund so the ex can't get my money if something happens my daughter gets it. I've applied to legal aid for assistance to vary the DV order.
I don't know where to start what to do. I've already applied for the bigger personal loan to be less in payments. And my car isn't worth anything and I can't get a different car due to there being a special hand control fitted due to me being paralysed twice and that's $4000 to be installed so it's not viable to sell my car because I'd only get $7000ish for it. The money to my parents is a loan at a bank so I need to make those payments.
Anybody have any hints tips ideas? Please be constructive with comments I'm struggling daily and I'm that unhappy I'm putting on so much weight I'm trying to dig myself out of a hole that I don't know where to possibly start to see some light at the end of the tunnel. $500pf in loan payments plus rent mortgage health insurance insurance daycare all the other things I can't make anything cheaper.
Thank you in advance.
8 Replies
First things first with your job do you have any holiday pay owed ? If so you can request this to be paid out at any time. Perhaps you need to use some of this to help get your rent payments up to date. You also need to seek the help from a finacial advisor to do some debt consolidation they can work out ways you can pay one lump sum each week to pay things off. Use centre link to sort out chid support asap it will help. And lastly sort the house out put it on the market with a really good price so it sells very quickly.
I don't have any holidays. I've had to use them over the past 4 months for my daughter and also for myself due to having Crohn's disease I have time off from time to time. I don't want to start child support up again because it's not worth it. He doesn't want anything to do with our daughter much while he isn't paying child support and I don't want his money and the drama he's going to cause me getting it. Meaning the abuse and him only fighting for our daughter if he has to pay child support. It's not worth the drama.
The house is on the market. He's lived there for the past year and a half and has trashed it. It's disgusting. We will just break even if we are lucky. Which is fine because despite my money problems I just want it gone so my family are off the loan.
Please speak to a financial counsellor. They don't sell products but can help freeze interest rates on any debts in your name etc.
financial counsellors are often free through places like the salvos.
How do I do that? Do I just phone them up? Thanks.
Yes, and I think Centrelink have them too.
Thank you
I agree get in touch with a financial?debt consultant they will help you get things sorted, also get in contact with mission Australia and other charities they can point you in the right direction.
Will centrelink give you a sickness allowence? You would only get it while you have a doctors certificate stating why you couldn't work. Given that you are dealing with a long term illness surely there is something else other than ftb. I think a financial councellor would be helpful however centrelink also have social works. They maybe able to point you in the right direction. I know my friend who was in a DV relationship said something about getting a free divorce due to him being convicted of the domestic violence. maybe this is something the social worker could help you with.
Also have you thought about selling things from around your home that you dont use. Old kids clothes and toys etc?