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Please Help Me Please Frightened

245

Comments

  • Jesthar
    Jesthar Posts: 1,450 Forumite
    hectorcarol wrote: »
    Hiya

    Thank you much for replying....

    I have been following Martin's Money Tips for about 18 months.
    Done all of them.......
    Always open to more but we have reached the end of the line.
    I cannot put all my details on here,
    For one, it is too embarrassing
    Two, Don't want anyone to know how bad it is

    XXX
    Honey, no-one here is going to be judgemental of you. :) Whenever you're ready, we'll be waiting to help. :)

    ~Jes :)
    Never underestimate the power of the techno-geek... ;)
  • 10past6
    10past6 Posts: 4,962 Forumite
    hectorcarol wrote: »
    For one, it is too embarrassing
    Two, Don't want anyone to know how bad it is
    This is an anonymous forum no one is going to judge you, and there have been many, many members who may well be in a worse situation than yourself, where here to help, not judge.
    Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.

    All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional
  • savingholmes
    savingholmes Posts: 29,109 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The first step to recovery is understanding the size of the problem... it may be better or worse than you think. I was in about £2K of debt more than I thought... but things have got steadily better since then...
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £171.3K Equity 36.55%
    2) £2.6K Net savings after CCs 10/10/25
    3) Mortgage neutral by 06/30 (AVC £30.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 35.5/£127.5K target 27.8% 14/11/25
    (If took bigger lump sum = 62K or 48.6%)
    4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
    5) SIPP £5.1K updated 14/11/25
  • hectorcarol
    hectorcarol Posts: 40 Forumite
    Statement of Affairs and Personal Balance Sheet

    Monthly Income Details
    Monthly income after tax................ 1250
    Partners monthly income after tax....... 546
    Benefits................................ 119
    Other income............................ 0
    Total monthly income.................... 1915

    Monthly Expense Details
    Mortgage................................ 345
    Secured loan repayments................. 0
    Rent.................................... 249
    Management charge (leasehold property).. 0
    Council tax............................. 106
    Electricity............................. 63
    Gas..................................... 35
    Oil..................................... 0
    Water rates............................. 37
    Telephone (land line)................... 58
    Mobile phone............................ 0
    TV Licence.............................. 10
    Satellite/Cable TV...................... 0
    Internet Services....................... 0
    Groceries etc. ......................... 300
    Clothing................................ 20
    Petrol/diesel........................... 240
    Road tax................................ 28
    Car Insurance........................... 35
    Car maintenance (including MOT)......... 20
    Car parking............................. 0
    Other travel............................ 0
    Childcare/nursery....................... 0
    Other child related expenses............ 0
    Medical (prescriptions, dentist etc).... 0
    Pet insurance/vet bills................. 0
    Buildings insurance..................... 10
    Contents insurance...................... 23
    Life assurance ......................... 18
    Other insurance......................... 35
    Presents (birthday, christmas etc)...... 0
    Haircuts................................ 0
    Entertainment........................... 0
    Holiday................................. 0
    Emergency fund.......................... 0
    Total monthly expenses.................. 1964

    Assets
    Cash.................................... 0
    House value (Gross)......................0
    Shares and bonds........................ 0
    Car(s).................................. 3000
    Other assets............................ 0
    Total Assets............................ 68000

    Secured Debts
    Description....................Debt......Monthly...APR
    Mortgage...................... 0........(345)......0
    Total secured debts........... 0.........-.........-

    Unsecured Debts
    Description....................Debt......Monthly...APR
    Personal Loan..................29000.....384.......0
    Natwest credit card............10000.....224.......0
    Tesco credit card..............4000......124.......0
    Argos..........................900.......24........0
    Lloyds.........................650.......13........0
    M&S............................5500......140.......0
    Egg............................2000......96........0
    Total unsecured debts..........52050.....1005......-

    Monthly Budget Summary
    Total monthly income.................... 1,915
    Expenses (including secured debts)....... 1,964
    Available for debt repayments........... -49
    Monthly UNsecured debt repayments....... 1,005
    Surplus(deficit if negative)............ -1,054

    Personal Balance Sheet Summary
    Total assets (things you own)........... 68,000
    Total Secured debt...................... -0
    Total Unsecured debt.................... -52,050
    Net Assets.............................. 15,950

    Created using the SOA calculator at www.makesenseofcards.com.
    Reproduced on Moneysavingexpert with permission.

    ======== Enter any other useful information below ========

    e.g. the number of adults & children in the household, the number
  • hectorcarol
    hectorcarol Posts: 40 Forumite
    This is a quick summary
    Left bits out
    like insurance
  • hippychick1
    hippychick1 Posts: 593 Forumite
    Part of the Furniture 500 Posts
    Please don't panic about your situation - It's only money :D

    I know what you are going through now, as do most people who post on this board, and it's damn scary.

    You will feel 100% better once you have spoken to CCCS. I am in a DMP with Payplan, and they are non judgmental, they deal with people in debt all the time, this is what they are there for.

    I have never posted my SOA, as I have the same fears as you, though I know deep down no one knows who I am!!!

    Do you think you could tell your husband about how much debt you are in? It would lighten the load that you are carrying all on your own at the moment.

    You have admitted that you are struggling, and this is the worst part, things can only get better from here!!!
    Proud to be dealing with my debts
  • hectorcarol
    hectorcarol Posts: 40 Forumite
    Will check it again tomorrow

    There will never be a way out of this

    Thank you all so much
    XXX
  • SazM030306
    SazM030306 Posts: 1,317 Forumite
    Well done for posting your SOA, I'm sure you'll get some fab responses.
    Saz x
    :heart2: THANK YOU MARTIN!! :heart2:
  • hectorcarol
    hectorcarol Posts: 40 Forumite
    Perhaps
    when I have found a way out of it
    Been together 17yrs
    He has let me do everything
    I like to think that we still love each other to find a way out
    XXX
  • Jesthar
    Jesthar Posts: 1,450 Forumite
    hectorcarol wrote: »
    There will never be a way out of this
    *hugs*

    Yes there will! Might not seem like it right now, but there will. Yes, it will be hard, and it's likely to be a long road, but there IS light at the end of the tunnel - never forget that! And even if you do forget from time to time, we'll be here to help you remember. :)

    ~Jes :)
    Never underestimate the power of the techno-geek... ;)
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