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  • FIRST POST
    • UncannyScot
    • By UncannyScot 21st Apr 17, 9:01 PM
    • 822Posts
    • 4,148Thanks
    UncannyScot
    Rambling on...
    • #1
    • 21st Apr 17, 9:01 PM
    Rambling on... 21st Apr 17 at 9:01 PM
    Where do I begin? This is hard...
    OK, I'll begin with my SOA:

    Household Info
    Number of adults - 1
    Number of children - 0 (they are with their Mum)
    Number of cars - 0

    Monthly Income
    After tax - 2104
    Benefits - 0
    Other Income - 0
    Total Monthly Income - 2104

    Monthly Expenses
    Rent - 295
    Council Tax - 80
    Elec - 30
    Gas - 30
    Home Phone/TV and Broadband - 45
    Mobile - 12
    TV Licence - 13
    Shopping - 170
    Clothes/Shoes - 30
    Childcare/nursery - 500
    Other Child related expenses - 500
    Haircuts/Shaving - 10
    Entertainment - 20
    Emergency Fund - 15
    Total - 1750

    Assets

    Cash - 0
    House value - 0 (N/A)
    Shares/Bonds - 0 (N/A)
    Car - 0
    Other Assets - 0
    Total - 0

    Secured/HP Debt
    Mortgage - 38500
    Secured Debt - 19500
    Total - 58000

    UnSecured Debts
    Loans/Short Term/Payday - 6060
    Credit Cards - 1450
    Old Mobile Account - 330
    Total - 7840

    Monthly Budget Summary
    Total Income - 2104
    Expenses - 1750
    Available for debt repayments - 354

    Personal Balance Sheet Summary
    Total Assets - 0
    Total Secured Debt; -58000
    Total Unsecured Debt; -7840
    Net Assets; -65840
    there may be a few wee errors here as I had to type it all out as it wouldn't let me paste it in...

    As you can see, it's BAD... How did it get so bad?
    When I left home and got my home of me own I thought I was doing great. Single lad, I had a good job, good income, social life etc.
    I had the mortgage with the bank, credit card with the bank, then a loan for my first car...then other loans... and so it began to build up.
    After a while I managed to clear the loans and the cards and was able to keep myself in the black.
    Eventually, I met a nice lassie, we got married, had kids and started to build up debts again... Loans for holidays, cars, furniture etc. Used Credit cards and the bank overdraft for emergencies... we thought we were doing alright.

    I rented out my old pad, the rent covered the mortgage.
    Then out of the blue I lost my job...
    I lost the the old place cos my tenant moved out, got married and set up on her own. I couldn't get another tenant who stayed long enough and paid the rent to keep it going... I lost it... repossessed.

    My marriage fell apart, I left my family and the family home... had a total meltdown/breakdown.
    I ended up homeless, going from friend to friend, whoever would put me up for a bit, let me have somewhere to sleep.
    This went on for a few years, until I was fortunate enough to land another job. The friend I was staying with encouraged me to apply for a flat with the local council and eventually I got one.

    I began to get back on my feet again, furnishing my wee place with second-hand furniture and other basic household items from the local charity shops. I don't have anything much (the old laptop I'm using is held together with duct tape and is veerrrryyyy sllloooooow...).

    Now, i am being chased for my debts, it's time to face up to the mess that I have made of my life and wipe out the debt and become and stay debt free....
    Last edited by UncannyScot; 21-04-2017 at 9:04 PM.
Page 1
    • moneyfacts
    • By moneyfacts 21st Apr 17, 9:13 PM
    • 67 Posts
    • 117 Thanks
    moneyfacts
    • #2
    • 21st Apr 17, 9:13 PM
    • #2
    • 21st Apr 17, 9:13 PM
    If you have no assets then you don't have to worry as much. I would get your life in order, but what you need for a healthy being, talk to a debt charity to discuss your options.

    So do you actually own a property now?

    Are you in contact with your kids?
    • UncannyScot
    • By UncannyScot 21st Apr 17, 9:17 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    • #3
    • 21st Apr 17, 9:17 PM
    • #3
    • 21st Apr 17, 9:17 PM
    Quick update...
    Have a consultancy booked with local CAB for the 15th May, worried but this needs to be tackled and quickly.
    Will be getting a new basic bank account too ASAP. Current bank is OK and i have no debts with them at all but I have been advised (not by them, by a good friend) to get another account.

    I am a council tenant...
    unfortunately, no I do not have contact with my kids but I do my best to provide for them
    Last edited by UncannyScot; 21-04-2017 at 9:20 PM. Reason: updating text to answer question by responder
    • UncannyScot
    • By UncannyScot 22nd Apr 17, 10:55 AM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    • #4
    • 22nd Apr 17, 10:55 AM
    • #4
    • 22nd Apr 17, 10:55 AM
    Todays' to-dos';
    Pop into town and enquire / apply for new basic bank account...
    Saturday housework...
    Relax and read... onto book 3 of Tad Williams' Otherland series
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • UncannyScot
    • By UncannyScot 22nd Apr 17, 11:17 AM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    • #5
    • 22nd Apr 17, 11:17 AM
    • #5
    • 22nd Apr 17, 11:17 AM
    Been reading through some other folks' diaries and it is sad to read of some situations that folks have found themselves in but it it is also inspiring to read their success stories too, of how they were able to get back.

    I hope folks don't think I'm just being nosey...
    I suppose they won't mind, particularly if I post a comment or thank them for an inspiration etc.

    Ok, must go, things to do...
    Will be back later to update....
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • UncannyScot
    • By UncannyScot 22nd Apr 17, 3:21 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    • #6
    • 22nd Apr 17, 3:21 PM
    • #6
    • 22nd Apr 17, 3:21 PM
    Update;

    OK - Basic bank account applied for, should be up and running with 10 working days....

    GOOD Charity Shop finds - A much loved, much read paperback copy of The Light Fantastic for 50p
    AND a Collectors' edition DVD boxset of the first season of ROME for £3

    If anyone is reading my ramblings please, please. check out charity shops for anything you need.
    Charities like Shelter (saved my life...), the British Heart Foundation, Cancer Research, local Hospice shops etc.
    I furnished my home from these kind of places and I still make a habit of popping in to browse, mostly for books or DVDs (which I usually read/watch and them donate back...)

    Time now for a cuppa and some reading... (OK noseying at other folks posts ;D )
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • phizzimum
    • By phizzimum 22nd Apr 17, 3:56 PM
    • 1,640 Posts
    • 8,918 Thanks
    phizzimum
    • #7
    • 22nd Apr 17, 3:56 PM
    • #7
    • 22nd Apr 17, 3:56 PM
    Hi Uncanny Scot

    I'm a big fan of charity shops too. Now you've discovered them you won't be tempted to get in debt to buy furniture etc. And charity shops will help you keep the entertainment and clothing spends on your SOA nice and low.

    Two questions

    Do you still owe on the mortgage if the house was repossessed?

    What are the interest rates for your debts? Have you asked that interest be frozen in the payday loans?

    All the best and keep rambling
    weaving through the chaos...
    • UncannyScot
    • By UncannyScot 22nd Apr 17, 4:10 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    • #8
    • 22nd Apr 17, 4:10 PM
    • #8
    • 22nd Apr 17, 4:10 PM
    Hi phizzimum

    The mortgage situation is a grey area to me at the moment (the house was repossessed and then sold at a loss by the bank) I was homeless and not in the best of minds and places at the time this happened. I heard nothing more about it until recently when I received a letter from a firm claiming to be acting on the banks behalf, however they had the wrong account numbers and references???
    A friend has suggested that they are therefore "fishing" and not to acknowledge them... however I am concerned about this and although I have not acknowledged it I will be discussing it at my meeting with the local CAB advisor...

    I have informed creditors that they won't be getting anything until I've a better idea of what's happening and that I am seeking financial advice and will be in touch. Will be sorting a moritarium (sp?) to help ensure that they give me the space and time to sort out the best solution...

    I am trying to stay positive and I will continue to Ramble On ....thanks
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • Toni'sfriend
    • By Toni'sfriend 22nd Apr 17, 5:32 PM
    • 939 Posts
    • 8,720 Thanks
    Toni'sfriend
    • #9
    • 22nd Apr 17, 5:32 PM
    • #9
    • 22nd Apr 17, 5:32 PM
    Just want to pop in to give you some support. A lot of year's ago I found myself in a not dissimilar situation. My husband left me with massive debts and a child to look after (with no support from him). I lost my home. my Mother took me in and I was allocated a small council flat. I'm still there because I have such wonderful. supportive neighbours. I had a lovely friend who is now my partner and he helped me emotionally through the bad times and my son financially through University. We now have a good life together. We are retired, live fairly modestly but have lots of little (and some big) holidays). We are now doing the things that we always want to to do. The CAB were terrific at showing me the way to go. It took a long time but I got there. I think what I'm trying to say is keep at it and stay positive.It will come right eventually. One thing I would like to ask (if I'm not being too nosy) is why don't you have contact with your children. I had major issues with my son's father but he was still his father and I never at any point said a negative word about him (although on many occasions I had to bite my tongue). Circumstances are all different, though. I'd like to wish you all the best. You seem to be getting things together now. Good luck.
    • UncannyScot
    • By UncannyScot 22nd Apr 17, 7:01 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Hi Toni'sfriend,

    thanks for your support...

    I'm not in contact due to the distance between us and I don't have a car (I do have my licence though) and cannot see at the moment how I could possibly afford one, that and I that I was "not there" for quite some time... Maybe, someday... maybe...

    I'm just trying to make sure that I can and that I am supporting them as best I can...
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • UncannyScot
    • By UncannyScot 22nd Apr 17, 7:14 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Quick Update
    Just received an e-mail that I have been accepted for new basic bank account... that was quick!
    One more step forward...
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • Toni'sfriend
    • By Toni'sfriend 22nd Apr 17, 7:59 PM
    • 939 Posts
    • 8,720 Thanks
    Toni'sfriend
    It's good that you are supporting them as best you can. You will get there.
    • Bobarella
    • By Bobarella 22nd Apr 17, 8:00 PM
    • 10,476 Posts
    • 69,667 Thanks
    Bobarella
    Just wanted to say good luck to you. I think the things that happened to you could so easily happen to anyone. All the best.
    " Your vibe attracts your tribe"

    Debt neutral 27/03/17 from £40k in the hole 2012.
    Roadkill 17 £56.58 2016-£62.28 2015- £84.20)
    RYSAW17 £1900 2016 £2,535.16 2015 £1027.20
    • UncannyScot
    • By UncannyScot 22nd Apr 17, 8:23 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Thank you all for your support.
    I will try and post an update each day when I can.
    All the highs n lows
    Please feel free to pop in and see how i'm doing offer words of support, advice etc
    I know I WILL get through this...
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • UncannyScot
    • By UncannyScot 23rd Apr 17, 10:01 AM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Browsing at breakfast... thought i'd pop on and list my to-dos

    Not in any particular order but what needs doing anyway...

    Finish breakfast and browsing.

    Finish the housework;
    Washing
    Cleaning / Tidying up etc

    Pop into town to pick up a few things for dinner etc

    Prepare things for work tomorrow...

    Then relax a bit and read or watch something.

    I was glad of being able to post a helpful comment last night regarding broadband use for lobsta100

    If I can help other folks as well as get my own stuff in order that's good, right?

    I may have to look at replacing / retiring this old laptop
    the keyboard has started acting up and missing keystrokes... borrowed a spare keyboard from a friend who has suggested popping into a local secondhand shop and getting a good PC she'd seen there for £80, decent build and condition and not too old, 6 months warranty on it as well...
    Maybe, maybe...

    Well, up and at it. Finished my breakfast, off to hit the chores...

    Be back later.
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • UncannyScot
    • By UncannyScot 23rd Apr 17, 3:37 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Not long back from town and thought I'd post a wee update.

    Finished all the chores YAY
    Prepped for work tomorrow
    Bought the odds n sods needed to prepare dinner for later

    I checked out the PC my friend recommended (the shop was shut but it was on display in the window) and it does look like a good deal... when I get paid I may either put a down payment on it or buy it outright... if it's still there...

    Time for a cuppa and a catch up on the boards
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • moneyfacts
    • By moneyfacts 23rd Apr 17, 5:25 PM
    • 67 Posts
    • 117 Thanks
    moneyfacts
    Hi Scott
    Sounds like you have made a good few steps forward. I presume you have ensured all your bills are on the best deals and you have no unnecessary direct debits (when you move your bank across). You should then start a budget, maybe put some money away on payday etc.
    • UncannyScot
    • By UncannyScot 23rd Apr 17, 5:37 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Hi moneyfacts
    Thanks for posting.

    I am on the cheapest Virgin Media package for home phone, broadband and TV (Player package - discounted til Dec)
    I have a sim only mobile deal (also Virgin)
    Unfortunately Gas and Elec are on PAYG meters and the supplier (British Gas) does not appear to be in any hurry to switch them to smart meters for me

    I am taking steps to reduce where I can and save as much money as I can.
    Have seen some folks mention having an emergency fund so I am going to put one together
    I hope to be able to get through all this and deal with everything as soon as possible.
    Folks on here have been great and I really feel supported in the short time I've been here
    Thanks everyone
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
    • maman
    • By maman 23rd Apr 17, 8:52 PM
    • 16,970 Posts
    • 101,501 Thanks
    maman
    Browsing at breakfast... thought i'd pop on and list my to-dos

    Not in any particular order but what needs doing anyway...

    Finish breakfast and browsing.

    Finish the housework;
    Washing
    Cleaning / Tidying up etc

    Pop into town to pick up a few things for dinner etc

    Prepare things for work tomorrow...

    Then relax a bit and read or watch something.

    I was glad of being able to post a helpful comment last night regarding broadband use for lobsta100
    Originally posted by UncannyScot

    Enjoying your diary, you seem very upbeat. Well done!
    This jumped out at me. Generally speaking, buying a few bits can be an expensive way of buying food. It's a good idea to make a plan for the week and buy it in one hit especially if you can go to Aldi or Lidl. If you have freezer space then cooking your own home made ready meals (like pasta sauce or chilli) is healthy and good value for money.
    • UncannyScot
    • By UncannyScot 23rd Apr 17, 9:46 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Thank you

    I'm trying to stay positive about everything.

    I do plan and bulk buy from ALDI & LIDL. The few things I needed were fresh ingredients...salad and herbs ;D

    Glad you appreciate my diary. Hope folks can get ideas and inspiration from me and I from them
    BUGGRITMILLENIUMHANDANDSHRIMP I TOLD EM! - Foul Ole Ron
    It is important that we know where we come from, because if you do not know where you come from, then you do not know where you are, and if you don't know where you are, then you don't know where you are going. If you don't know where you're going, you're probably going wrong.
    R.I.P. T.P.
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