Over the hill and drowning

Chelleby wrote: »

Hello Fay. I’m also 51 and am in a mess. However no dog or cats. Couldn’t afford them. Offer your creditors a token payment and see what they say. I am currently in debt with £9000 and also wirk 40 hrs a week. I feel I go to work to pay bills. I am in the process of getting myself better and debt free. It will take me 3 years but I need to do it . It’s hard but you’ll get there ..

Nice to converse with you, do you have a plan as well ? it sucks doesnt it , if we have a holiday it has to go on tick , I ve only had one last year which is part of my credit card,

onthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 450 will reduce to 400 april 18
Management charge (leasehold property).. 0
Council tax............................. 156 includes 60 debt paid jan 18
Electricity............................. 28
Gas..................................... 28
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 0
Mobile phone............................ 88, ee mobile and pad contract ends jan 19 I know you're in contract but speak to them. You can't afford this
TV Licence.............................. 12
Satellite/Cable TV...................... 58 Same as above. Speak to them.
Internet Services....................... 0
Groceries etc. ......................... 200 includes dogs cats This can be lower reduce mine to 100 and animals to 50
Clothing................................ 50 will remove Go back to basics until you're debt's paid off you can't afford £50 a month right now.
Petrol/diesel........................... 120 miles 250 ew
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0 I know its through PIP so does cover everything that needs repairing?
Car parking............................. 0 Never?
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 25
Buildings insurance..................... 0
Contents insurance...................... 20 Shop around and use cashback sites
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50 You should lower this until your debts are paid off - reduced to 25
Haircuts................................ 30 Can you go an extra week in between etc to make it less expense? im grey so do have roots and cut in this this is cheap
Entertainment........................... 60
Holiday................................. 30 This isn't loads but while you don't have enough coming in to cover outgoings you can't afford this. will take out until feb council tax paid off
Emergency fund.......................... 50 will take this out until feb Do you actually save this?
Total monthly expenses.................. 1490


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly.. .APR
capital one....................200.......10........34.9
aqua...........................500.......48....... .34.9
ocean..........................1000......27....... .34.94
118 118 loan...................2788......145.......71.3
studio.........................100.......0........ .0
fashion world..................200.......0.........0
littlewoods....................450.......20....... .0 mum paying
very...........................300.......17....... .0
marbles........................4500......189...... .34.9
Total unsecured debts..........10038.....456.......-


Monthly Budget Summary
Total monthly income.................... 1,830
Expenses (including HP & secured debts). 1,490
Available for debt repayments........... 340
Monthly UNsecured debt repayments....... 456
Amount short for making debt repayments. -116 You need to at least make this balance

WannabeFree wrote: »

There is things that could be less see my comments in red. However it isn't that extreme.

Speak to a debt charity like Stepchange. Not one that charges you.
They will be best to advise you what to do and how to get out.

Remember this is the hardest step and the only way from here is up. There is light at the end of the tunnel x

MeenaM wrote: »

Hello and welcome!

OMFG that 118 118 loan interest rate is scandalous the representative apr is 99% !!! imo you should throw everything at that one first to get rid of it and then move on to the next highest interest rate and so

what phone have you got ? can you switch to a sim only deal? I got one recently with BT for £9 a month with a £55 amazon or itunes voucher offer

good luck

i havent got much excess at the moment but from Feb I should be £60 up and out of xmas