I need financial advice

Subject: I need financial advice (UK)
From: the lemonade lady
Date: 01 Mar 05 - 01:10 PM

I don't find this embarrassing but I would rather be PM'd if anyone can help me.

Sal

8-)

Subject: RE: I need financial advice
From: open mike
Date: 01 Mar 05 - 01:29 PM

good luck--not sure i have any help,
and i am sure i do not know about
UK , but i hope you figure out what
you need to know.

Subject: RE: I need financial advice
From: the lemonade lady
Date: 01 Mar 05 - 01:35 PM

Thanks, I need any kind of support. Oh and if you find you're up the creek my way and you find my paddle, can I have it back. Same goes for my marbles!

Sal

Subject: RE: I need financial advice
From: wysiwyg
Date: 01 Mar 05 - 01:37 PM

I hope you will be very cautious about any advice you get online. The advice can only be as good as the info you supply, minus whatever experience the "helper" does or does not have. Perhaps the best help here might be that someone could help you discern the right questions to ask someone in person, the right areas to consider. Please, double-check any plans with someone local, face to face, before implementing them. Good luck!

~Susan

Subject: RE: I need financial advice
From: Morticia
Date: 01 Mar 05 - 01:38 PM

Sally, have you thought of the CAB? They are really spot on at finance stuff.

Subject: RE: I need financial advice
From: John MacKenzie
Date: 01 Mar 05 - 01:40 PM

Need to know what the problem is, perhaps PM would be a better way to do things.
Giok ¦¬]

Subject: RE: I need financial advice
From: the lemonade lady
Date: 01 Mar 05 - 01:47 PM

I have consulted the CAB and they can't help. Have spoken to an Independant Financial Advisor but things don't look too good. I'll PM you Morticia.

Sal

Subject: RE: I need financial advice
From: Clinton Hammond
Date: 01 Mar 05 - 01:50 PM

Keep buying lottery tickets!

Subject: RE: I need financial advice
From: the lemonade lady
Date: 01 Mar 05 - 01:52 PM

Ah! I hadn't thought of that. Any special numbers in mind?

Sal

Subject: RE: I need financial advice
From: breezy
Date: 01 Mar 05 - 02:02 PM

dont go on e-bay!!

Subject: RE: I need financial advice
From: Richard Bridge
Date: 01 Mar 05 - 02:09 PM

You will find many solicitors offer an initial half-hour interview free.

You may receive more expertise if you can find an insolvency practitioner who will do so. They however may be more reluctant to do anything free.

Subject: RE: I need financial advice
From: John MacKenzie
Date: 01 Mar 05 - 02:44 PM

Just read your post re CAB, Im surprised.
Giok

Subject: RE: I need financial advice
From: the lemonade lady
Date: 01 Mar 05 - 04:04 PM

Thanks for the PM's. I shall print and read them and get back to you all in due course.

Isn't Mudcat wonderful?

8-D

Sal

Subject: RE: I need financial advice
From: Leadfingers
Date: 01 Mar 05 - 08:39 PM

Jane - Having NO experience with financial matters I cannot suggest
ANY thing , but I do hope it all works out to your benefit .

Subject: RE: I need financial advice
From: the lemonade lady
Date: 04 Mar 05 - 03:54 PM

You're all so kind.

This morning I was all for selling my house, investing the money and renting using the interest. Then my solicitor says I can pay her off in installments so things may be looking up. The nightmare isn't over yet by any means.

Thanks for your concern.

8-)

Sal

Subject: RE: I need financial advice
From: Richard Bridge
Date: 04 Mar 05 - 06:03 PM

I hate to rat on another solicitor, but did your solicitor advise you about the possibility of your getting legal aid? If not you may be able to slip your solicitor's bill altogether. It is a solicitor's professional duty so to do.

Have you had proper advice about possibly going bankrupt - there are restrictions on taking houses to some extent - and so screwing your creditors?

Are you of an age where you might be able to do a house income plan, if you own your house free of mortgage?

It is NOT my area of expertise but unless there is a house price collapse, selling your house to pay debts and then using investment income to rent sounds like a bit of a high-risk plan.

If you threaten your creditors with going bankrupt, they might take a second charge on your house so they would be paid out if you moved or died...

Subject: RE: I need financial advice
From: catspaw49
Date: 04 Mar 05 - 09:27 PM

Although I am aware of a few members who are reasonably shrewd and knowledgeable, THIS has got to be the least likely place on the Net to get financial advice.....LMAO......Most of us are true members of the Hand-To-Mouth Brigade!!!

Hope your problems are soon resolved!!!!

Spaw

Subject: RE: I need financial advice
From: semi-submersible
Date: 04 Mar 05 - 10:50 PM

We all know this, but sometimes we forget: eating lower on the food chain cuts the grocery bill wonderfully, even if it's just some days of the week. (Good for the planet, too.) I'm a great beliver in oats (I don't usually cook 'em) with fruit or juice if not milk. With a second-hand breadmaker and whole-grain flour by the sack, we've cut down shopping trips too.

A car is a hugely expensive thing to keep, at least in North America. AtoB in the UK has tips for easing into alternatives where possible.

If winter heating is expensive, shut it all down and use one insulated room. Incandescent bulbs are highly efficient heaters.

Little things, but they can help to stop the leaks. Good luck. Stay in touch.

Subject: RE: I need financial advice
From: Richard Bridge
Date: 05 Mar 05 - 04:37 AM

I do have to agree about food (and drink).

You can make (I sometimes do make) a week's worth of veg stew (and it is very tasty) for under a couple of quid.

Subject: RE: I need financial advice
From: John MacKenzie
Date: 05 Mar 05 - 05:56 AM

1 x 4 lb Chicken and a few vegetables = 6 meals, and 4 pints of soup.
Giok

Subject: RE: I need financial advice
From: Richard Bridge
Date: 05 Mar 05 - 12:38 PM

Giok, post recipe, I may find it useful!

Subject: RE: I need financial advice
From: hesperis
Date: 05 Mar 05 - 09:09 PM

Ha, my husband can eat well over a pint of soup in one sitting! It is definitely still cheaper to cook large quantities and freeze what you can for later though.

Subject: RE: I need financial advice
From: GUEST
Date: 06 Mar 05 - 12:04 AM

Buy low - Sell high

Subject: RE: I need financial advice
From: Long Firm Freddie
Date: 06 Mar 05 - 05:17 AM

This is a link to the website of the UK Insolvency Service.

It does not give debt related advice itself, but the site gives many useful contacts from which to obtain sound advice.

Insolvency Service

Best of luck.

LFF