I wrote last week about my financial difficulties and how it would potentially affect my ability to buy a new car on finance. Well yesterday, I received the news I had feared, the finance company have turned me down. The idea of a new car to replace my existing one was a nice one, but I am forced to wonder if I actually need such a thing. If the current deal resulted in me actually owning my current little car then all would be well, but it doesn’t. I need over £3000 to make this happen. My job is county wide and I am expected firstly to have a car and secondly to use it as part of my job. I do try to plan my diary so that I am not crossing the county too much, but sometimes meetings are set by others and I have little control over where they happen. The choices we faced yesterday evening were that either my husband stands as guarantor for the planned purchase, or that we ask my inlaws for a loan and that I pay them the current car payments until that is paid off (about 15 months) or that I send the car back and buy an old runaround type car. After a pretty sleepless night on my part I have decided on the second option and hubby has phoned his mum to ask. Thankfully she has agreed and so she now knows the shameful truth.
As I have said before, I take full responsibility for the situation I am in. However there are some factors that contributed. I took all the debt myself personally, so that hubby didn’t share it, I was persuaded by banks to borrow more, but then continued to spend in a stupid way. Now I am paying the price. The good thing is that I have paid off a fifth of the debt in just over a year, and will be debt free in just over 4 years. The inability to obtain more credit is I believe a blessing, because who am I kidding, I am still the same person and I can still happily live beyond my means and hubby is great at doing that too if it involves my name on the dotted line. I am not an alcoholic, or a drug addict, but I believe this is a problem along the same lines. I have a problem, but I am trying to take control of it, I just sometimes lose sight of the reality of what needs to be done.
The above is the reason I am struggling to think straight when it comes to normal blog posts. Hopefully normal service will be resumed very soon as I have some quite interesting things going on at work and in the NHS in general right now!