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Advice!
Nicolapink
Posts: 45 Forumite
Hi there, I am stressed out to high heaven and I need advice! I have lost my job, and am in debt,
I have one of the vanquis cards that i am in default with, a post office card that im in default with, a abbey nat that I am in default with. i have a loan and a mortgage, not defaulted.
i have buried my head in the sand and i dont know what to do!
all these debts amount to about 8 grand or so. I was going to try to reclaim some charges from these accounts but that seems a bit wrong in a way! but I am happy to do it, but can I
I dont want to make my credit history any worse than it is, when the debt is sent to a collector have the cardholder sold the debt? what happens there??I want to try to remortgage in a couple of years too.
I am not looking for an easy way out, just solid advice! I need to get myself debt free.
I am sure i have left some valid info out...
thanks for reading
Nxx
I have one of the vanquis cards that i am in default with, a post office card that im in default with, a abbey nat that I am in default with. i have a loan and a mortgage, not defaulted.
i have buried my head in the sand and i dont know what to do!
all these debts amount to about 8 grand or so. I was going to try to reclaim some charges from these accounts but that seems a bit wrong in a way! but I am happy to do it, but can I
I dont want to make my credit history any worse than it is, when the debt is sent to a collector have the cardholder sold the debt? what happens there??I want to try to remortgage in a couple of years too.
I am not looking for an easy way out, just solid advice! I need to get myself debt free.
I am sure i have left some valid info out...
thanks for reading
Nxx
0
Comments
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Set up payment plans on your defaulted account and do your best to pay the minimum on your non-defaults.
Post a SOA up and we'll see if we can help you make cut backs to pay off these debts.
I'm sure someone else will be along to help a lot more than me shortly
Starting debt: 3399.39 / Debt now: 2975.39VSP Challenge 2012: £39.58/£100 Crazy Clothes Challenge 2012: £3.00/£150
£2 savers club #20: £302012 earnings: £67.50Long Haul DFW Supporter #2040 -
Hi, thanks for that, whats a SOA?? sorry to be so clueless!!0
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No problem
An SOA is a Statement Of Affairs. You can find a good one here; http://www.makesenseofcards.com/soacalchelp.htmlStarting debt: 3399.39 / Debt now: 2975.39VSP Challenge 2012: £39.58/£100 Crazy Clothes Challenge 2012: £3.00/£150
£2 savers club #20: £302012 earnings: £67.50Long Haul DFW Supporter #2040 -
hi nicolapink
an SOA is a statement of affairs, which explains where all your money needs to go each month. There is a sticky at the top of the dfw page which gives you the link to the best format to use.DFW 228 LONG H 68
DFD 2017 :eek:0 -
Remember to pay the priority bills first your mortgage, utilities, food and normal living costs
are any of the debts secured? as secured is a priority aswell
Did you have any PPI?
Also check you are getting all the benefits you are entitled to, use this
http://www.entitledto.co.uk/Default.aspx?AspxAutoDetectCookieSupport=1PROUD TO BE DEALING WITH MY DEBT NERD #869
DFD 5/1/16Numpty,Not sure why but I'm crying
. Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & 
for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
xx0 -
income £62 per week
Landlord Housing benefit £320 per month
Mortgage (interest only 62,000) £296 per month0 -
income £62 per week
Landlord Housing benefit £320 per month
Mortgage (interest only 62,000) £296 per month no defaults
Loan 130 PM No defaults
Rates £88 per month these are on rental property tht my mum lives in.
vanquis 2000.00 PPI but have buried my head and dont know if i can get it, I have written to them
Post Office 1700.00 No PPI
Abbey Nat 1900.00 same as vanquis .....
My husband covers our household bills at the min0 -
sorry people I keep sending the posts before I have finished. i wanted to add none of the debts are secured except the mortgage.0
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[FONT=Arial, sans-serif]Debt normally comes by spending MORE than you EARN. That is you are living a lifestyle you can not afford. We all know that, but sometimes we can not see the wood for the trees. If you want to get out of debt you have to change that habit today.[/FONT]
[FONT=Arial, sans-serif]Make out your SOA and post it here. (link - http://www.makesenseofcards.com/soacalc.html ) This will automatically total the numbers. It can be saved (click on the help) and you can change it every day if you want. [/FONT]
[FONT=Arial, sans-serif]Also read this great post by southernscouser http://forums.moneysavingexpert.com/showthread.html?t=107280[/FONT]
[FONT=Arial, sans-serif]When making out your SOA (Statement Of Affairs) try not to guess at the figures, dig out the paperwork! However remember a partial completed one as a first step is better than none. [/FONT]
[FONT=Arial, sans-serif]It is in fact one of the most IMPORTANT things you will ever do to start on the road to recovery. [/FONT]
[FONT=Arial, sans-serif]If you want a lot of help on this forum, posting your SOA is the first and most important step. After it is done it is very easy to keep it up to date. [/FONT]
[FONT=Arial, sans-serif]In my opinion everyone should have an up to date SOA even if you have little or no debt. It is a great tool to manage your life with.[/FONT]
[FONT=Arial, sans-serif]If you post it on the forum answer the obvious questions before they are asked so you get immediate feedback, such as (not all will apply to you:-[/FONT]
[FONT=Arial, sans-serif]If there is “other” Income explain what it is[/FONT]
[FONT=Arial, sans-serif]Mortgage – interest only or not.[/FONT]
[FONT=Arial, sans-serif]What is the age of any children.[/FONT]
[FONT=Arial, sans-serif]Council tax is it over 10 or 12 months.[/FONT]
[FONT=Arial, sans-serif]Electricity and gas any arrears.[/FONT]
[FONT=Arial, sans-serif]Water rates meter yes or no.[/FONT]
[FONT=Arial, sans-serif]Grocery's does this include gambling, booze and cigarettes.[/FONT]
[FONT=Arial, sans-serif]Mobiles, how many and when are the contracts up for renewal.[/FONT]
[FONT=Arial, sans-serif]If no contents insurance is it include with buildings insurance.[/FONT]
[FONT=Arial, sans-serif]If pets cost money, what are they.[/FONT]
[FONT=Arial, sans-serif]House or flat value, has it been valued by an Estate Agent and when.[/FONT]
[FONT=Arial, sans-serif]The more that can explain about the financial figures and circumstances the quicker the post will get advise rather than lots of questions.[/FONT]
[FONT=Arial, sans-serif]When you have posted it and it does not look right or you want to change it, do so and repost it.[/FONT]
[FONT=Arial, sans-serif]Do not put off till tomorrow what can be done today, if you are serious.[/FONT]There will be no Brexit dividend for Britain.0
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