Ashamed to be back again

PippaGirl_2 · 14 September 2017 at 5:27AM

I had one won a loan of £50 (the lowest amount they'll lend, I'd only needed £30) for 3 days then I had a 50 loan again but for 9 days, both were paid back. I currently have £80 but can't see/know how to prevent it being paid back in 8 days time as they have my debit card details, can the Co-op bank stop that payment?

The stepchange lady told me that the Co-op bank would close my cashminder account if I went BR because the Co-op have pulled out of allowing a basic bank account to BR people so I've opened a Barclays basic account at her instruction, online yesterday morning but obviously not received anything through yet. That's a shame as I've had fantastic service from the Co-op bank for 6 years now.

My figures are jumbled in fortnightly and 4 weekly for income and monthly for expenditure. I will convert everything to calendar months and come back this morning with an SOA.

Thank you DD. Nice to see you're still here, the only poster so far I recognise from all those years ago.

philnicandevan · 14 September 2017 at 8:10AM

PippaGirl wrote: »

The stepchange lady told me that the Co-op bank would close my cashminder account if I went BR because the Co-op have pulled out of allowing a basic bank account to BR people so I've opened a Barclays basic account at her instruction, online yesterday morning but obviously not received anything through yet. That's a shame as I've had fantastic service from the Co-op bank for 6 years now. Wonder where she gets her info from?...i've helped people within the last few days with cashminder accounts & opening..not once have they told me they no longer take bankrupts...IF and its a big if they did barclays will offer a basic account along now with a small handfull of other banks..

My figures are jumbled in fortnightly and 4 weekly for income and monthly for expenditure. I will convert everything to calendar months and come back this morning with an SOA. Soon as you can then we can cast an eye over things...

Thank you DD. Nice to see you're still here, the only poster so far I recognise from all those years ago.

Few thoughts Pippa....and it's NOTHING to be ashamed of..I went bankrupt in 2006 and then looked at DRO a few years ago so your not alone thats for sure

luvchocolate · 14 September 2017 at 8:31AM

Hi Pippa,I am so sorry you are having a tough time, I remember you as we were going through it a few years ago now.
I cannot offer any further advice but please do not feel bad you are a good person and will come through this.
Take care and try to keep strong and positive. x

StepChange_Private_Messages · 14 September 2017 at 8:35AM

Hi Pippa,

I’m a Debt Advisor at StepChange Debt Charity. I’ve just come across your post; I hope you don’t mind me responding. First of all I would say you don’t need to be ashamed, problem debt can happen for all kinds of reasons often outside of your control. Whatever your situation, at StepChange we’re always here to help.

You’ve mentioned that you’ve had recent credit from Wonga. Whilst a creditor can object to a DRO on the basis of recent credit, to reassure you this would not rule you out and we would not refuse to submit a DRO application for you on this basis.

In terms of the spending areas you’ve mentioned, the Insolvency Service does have a guidelines which they use when reviewing the budget. However, if you have a good reason why these need to be higher (such as care costs and special dietary requirements) and you’re paying for these costs using your PIP, this can be explained to the Insolvency Service with your application.

I can’t say for certain without seeing your full circumstances whether a DRO would be your best advice but I’ve sent you a private message so that we can get in touch and look into this further for you.

All the best,

Kirsty

PippaGirl wrote: »

I'm ashamed to have to come back here again. I went bankrupt in May 2012 and was discharged January 2013. All that debt was through no fault of my own, having left a DV relationship with little more than the clothes on my back I moved into a small empty flat. I had no idea I was entitled to benefits except child benefit so having had a nervous breakdown gained debts and hid under the duvet crying.

This time I have to take responsibility for it, I made a stupid decision. The garden had been 6ft-10ft brambles since I moved to this LA property and the wooden fences surrounding it had collapsed. So after 6 years of having nowhere for children to play or hang the washing out I stupidly paid for replacement fencing and the brambles to be cut, all on a credit card of 39.9% for which I thought I'd manage the repayments and more and would pay it off quickly. Things went from bad to worse and in trying to keep up repayments other debt appeared, I couldn't afford to eat etc and I've finally phoned stepchange for advice. The only feasible option is bankruptcy again. Stepchange say that as I've been bankrupt less than 6 years ago I will be treated in a harsher way, be bankrupt for longer, have a payment plan in place for 3-6 years and be constantly monitored.

I'm still just as ill. Been detained under the Mental health act twice in the last 2 years, I'm living on income related employment support allowance and PIP and that's very unlikely to change. I feel so low I'm fighting off 'way out' thoughts but I've got to try and take this one day at a time. I'm paying my 4 creditors £1 a month as the stepchange calculator says I have £5 a month spare however they said that the insolvency service are unlikely to allow me the allowances I've got on their form. That's help with my disability and specialist food for my eating disorder.

Apparently I have to open an account with the insolvency service and start paying installments and when I've paid £680 I can file for bankruptcy. That could actually take me ages. So I'm here for the long haul, paying £1 a month to 4 companies and saving in dribbles for the bankruptcy. I'm unsure how my mental health will hold up if the 4 companies don't agree that figure, give the debt to debt agencies or threaten court action. I am in pieces right now. And this time it's all my fault.

PippaGirl_2 · 14 September 2017 at 10:15AM

luvchocolate wrote: »

Hi Pippa,I am so sorry you are having a tough time, I remember you as we were going through it a few years ago now.
I cannot offer any further advice but please do not feel bad you are a good person and will come through this.
Take care and try to keep strong and positive. x

Thank you, nice to see someone else I know well. Yes we went through much the same.

PippaGirl_2 · 14 September 2017 at 10:17AM

philnicandevan wrote: »

Few thoughts Pippa....and it's NOTHING to be ashamed of..I went bankrupt in 2006 and then looked at DRO a few years ago so your not alone thats for sure

II I don't have to leave my cashminder account with the co-op I won't, so I won't be switching anything over until I know for sure. They've been brilliant and really helpful.

PippaGirl_2 · 14 September 2017 at 10:39AM

Okay here is my calendar month SOA

Outgoings

EON (gas & elec) 102
Virgin Internet 34
02 mobile 26
Water 50
Pets 260 Includes food, flea protection and worming for 1 dog 2 cats and
three dog walks per week as I'm physically unable to walk her due
to physical disability
Hair 25
Travel 200 Can only use taxis or train. Taxis to hospital & back, Doctors and
everywhere. One train trip monthly to visit family.
Netflix 8
TV Licence 12.12
food 300 Have eating disorder with lots of fear foods, only eat
unprocessed foods, no refined sugar, very low/no carbs and buy i in these prepared meals when extremely depressed
Social 22.08 Annual membership of a social club & £20 spending money
Rent 472.20

Total outgoings £1511.40

Incomings

ESA 814.67
Housing benefit 406.08

Total Incomings £1220.75
Plus PIP 360.10

Total including pip £1580.85

Debt

Capital One 2089 and rising as unfrozen
Vanquis 538.49 and rising as unfrozen
Next 1111.67 and rising as unfrozen
Local Authority 2184.75 for fencing works billed to me, also about to have broken w wndow replaced

Total debt £5923.91

I hope that's clear. TIA

StopIt · 14 September 2017 at 11:01AM

Please use this link:

http://www.stoozing.com/calculator/soa.php

Click Format for MSE.

Just makes it easier for those trained in checking these things to go over easier.

Your total income shows more than £50 surplus but PIP doesn't count for a DRO so you should be OK. I'm sure a good debt advisor at the CAB can make sure a DRO application works for you.

One thing to look into is the local authority debt. It will certainly need looking at by an expert to make sure it is able to be put into the DRO.

PippaGirl_2 · 14 September 2017 at 12:03PM

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1220.20
Other income............................ 0
Total monthly income.................... 1220.20

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 472.2
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 82
Gas..................................... 20
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 0
Mobile phone............................ 26
TV Licence.............................. 12.12
Satellite/Cable TV...................... 8
Internet Services....................... 34
Groceries etc. ......................... 300
Clothing................................ 34
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 200
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 21
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 35
Haircuts................................ 25
Entertainment........................... 22.08
Holiday................................. 0
Emergency fund.......................... 11
Total monthly expenses.................. 1382.4

Assets
Cash.................................... 29
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 29

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
capital one ...................2089......0.........39.9
vanquis........................538.49....0.........39.9
Next...........................1111.67...0.........29.9
Local authority................2184.75...0.........0
Total unsecured debts..........5923.91...0.........-

Monthly Budget Summary
Total monthly income.................... 1220.20
Expenses (including HP & secured debts). 1,382.4
Available for debt repayments........... -162.20
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -162.20

Personal Balance Sheet Summary
Total assets (things you own)........... 29
Total HP & Secured debt................. -0
Total Unsecured debt.................... -5,923.91
Net Assets.............................. -5,894.91

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

I didn't include my PIP in the benefits as it's not used in calculations? which is 360.10 or housing benefit of 406.08 as there was no space to write the rent down which is

PippaGirl_2 · 14 September 2017 at 12:12PM

I do actually have a daughter who is at Uni. She comes home sometimes. When she settles permanently in a job in a year my housing benefit will reduce and I will pay additional shortfall due to the under occupancy reduction in benefit. At the moment I have a 1 bed reduction, this will change to 2 in a year. I've had a disabled facilities grant adapting the property for my spinal problems plus I've adapted it further so I won't be moving. I just hope labour get in and remove the under occupancy reduction one day!

Oh and on this format I hadn't put down the dog walking costs either, but that along with the deficit is covered by my PIP

Ashamed to be back again

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free