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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 9
    • doingitanyway
    • By doingitanyway 17th Jun 17, 6:28 AM
    • 2,089 Posts
    • 9,670 Thanks
    doingitanyway
    Have a great weekend. My appraisal yesterday went well too
    JANUARY 2016/SECURED DEBT=24,822/November 2017=4,490
    MORTGAGE FREE 25/07/16
    • UncannyScot
    • By UncannyScot 17th Jun 17, 12:53 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    It's gonna be BUSY...
    I have managed to get time off work in the next week or so to sort out decorating and carpeting my home.

    This is a major step forward for me and one of my key milestones / goals for this year...

    I may not be on the boards as often as usual but don't worry, I am not disappearing, I will just be VERY busy.

    Hope everyone is having a good one
    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.
    • parsniphead
    • By parsniphead 17th Jun 17, 1:11 PM
    • 2,239 Posts
    • 14,227 Thanks
    parsniphead
    Its so nice to get work done in the home. Have loads of fun.
    My August to Christmas challenge:.
    Pay off £2500 debt - £1088/2500 43.52%
    Completely declutter the house by Christmas day...all of it.

    Nothing gets better until you get better.
    • UncannyScot
    • By UncannyScot 17th Jun 17, 5:33 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Thanks Parsniphead
    I do actually enjoy decorating and DIY.
    As I said, this is a major achievement for me, another one of my goals for this year. Will enjoy doing it and savour its completion.
    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.
    • Hiddenidenity
    • By Hiddenidenity 17th Jun 17, 5:39 PM
    • 5,320 Posts
    • 26,124 Thanks
    Hiddenidenity
    Mine really needs painting, its awful! I just never seem to have enough hours, or hands I got a quote from a decorator and he wanted over £500 nothing major, magnolia walls/white ceilings and woodwork. basically a freshen up of whats there! At that price I will make sure I find the hours
    DFW £1783.71/£7348.71 Rent Arrears £571.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • UncannyScot
    • By UncannyScot 17th Jun 17, 8:22 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    That is an extortionate quote Hiddenidentity even for a full house job

    I was fortunate to learn from my Dad how to paint and hang wallpaper, he wasn't a decorator to trade, he was just one of those guys who could turn his hand to anything and do a good job of it...

    All I'm doing is freshening up too, magnolia walls and white ceilings and white gloss on doors and woodwork. Should take me a few days. I really need to have it done for before the carpets get fitted. I'm taking a few days off to do the work but I am looking forward to it and I know it will be great when it is done
    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.
    • Sun Addict
    • By Sun Addict 17th Jun 17, 8:49 PM
    • 4,623 Posts
    • 26,387 Thanks
    Sun Addict
    We have been gradually stripping the wallpaper off room by room and replacing it with painted walls. Hey even I can paint HiddenIdentity even if you just do one wall a day it'll get done.
    Virtual Sealed Pot £671.22
    November NSD 4/12
    Weight loss 1/7lbs
    Mr SA finally in remission December 2013
    • UncannyScot
    • By UncannyScot 19th Jun 17, 7:48 AM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Happy Mondays...
    Good Morning everyone
    Another day and another start to the working week...

    Remember, don't let the B's grind you down cos you are all
    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 20th Jun 17, 6:25 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Creditors... PITAs...
    As I get nearer and nearer to my application date (end of July) I am getting more and more hassle from creditors...

    Have spoken to my CAB advisor about it and was advised to basically ignore them, as I am going for sequestration anyway...
    Apparently it is irrelevant as to whether or not your creditor puts your account on hold as when you go bankrupt, you pay what your IP / Trustee has advised for four years regardless of what the debt was... at the end of the four years it is all written off.

    I am not going to let them get to me.
    Positive plans are being put in place for the future and I will get there.

    Now it is time for my tea and then more Twin Peaks. I am on to the new series now and it is fantastic, Lynch is still a stark raving genius!

    Thanks for reading
    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.
    • Sun Addict
    • By Sun Addict 20th Jun 17, 6:29 PM
    • 4,623 Posts
    • 26,387 Thanks
    Sun Addict
    Sounds like the creditors are trying for one final push for money It will be good when it's all sorted and they can't hassle you anymore.

    Enjoy your evening.
    Virtual Sealed Pot £671.22
    November NSD 4/12
    Weight loss 1/7lbs
    Mr SA finally in remission December 2013
    • Hiddenidenity
    • By Hiddenidenity 20th Jun 17, 6:33 PM
    • 5,320 Posts
    • 26,124 Thanks
    Hiddenidenity
    I agree, they are just pushing because they know soon they won't be able too!

    Don't even answer the calls, totally ignore

    Hope you've had a nice day
    DFW £1783.71/£7348.71 Rent Arrears £571.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • UncannyScot
    • By UncannyScot 20th Jun 17, 6:34 PM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Yeah, i keep telling them, "I'm sorry, I have nothing to give you and I am taking debt advice from CAB and will be in contact when I have made suitable arrangements".
    Like a broken record...
    Will be a great weight off my shoulders when the application goes through...
    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.
    • Hiddenidenity
    • By Hiddenidenity 20th Jun 17, 7:55 PM
    • 5,320 Posts
    • 26,124 Thanks
    Hiddenidenity
    Yeah, i keep telling them, "I'm sorry, I have nothing to give you and I am taking debt advice from CAB and will be in contact when I have made suitable arrangements".
    Like a broken record...
    Will be a great weight off my shoulders when the application goes through...
    Originally posted by UncannyScot
    Hopefully won't be long
    DFW £1783.71/£7348.71 Rent Arrears £571.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • doingitanyway
    • By doingitanyway 20th Jun 17, 8:18 PM
    • 2,089 Posts
    • 9,670 Thanks
    doingitanyway
    You are about to feel a weight lifted from your shoulders. Not long to wait now
    JANUARY 2016/SECURED DEBT=24,822/November 2017=4,490
    MORTGAGE FREE 25/07/16
    • parsniphead
    • By parsniphead 20th Jun 17, 8:24 PM
    • 2,239 Posts
    • 14,227 Thanks
    parsniphead
    Keep strong uncannyscot. July will soon be here. We're rooting for you.
    My August to Christmas challenge:.
    Pay off £2500 debt - £1088/2500 43.52%
    Completely declutter the house by Christmas day...all of it.

    Nothing gets better until you get better.
    • UncannyScot
    • By UncannyScot 21st Jun 17, 7:56 AM
    • 822 Posts
    • 4,148 Thanks
    UncannyScot
    Prayers needed...
    Please pray and / or send positive energies for my lass...
    She's going through a REALLY rough time at the moment
    Doing my best to support her through
    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 21st Jun 17, 8:12 AM
    • 939 Posts
    • 8,720 Thanks
    Toni'sfriend
    I'm really sorry to hear that. It's so difficult when someone you love is suffering and you can't seem to find any way to make it better. I'm sure just being there for her will be an enormous help. I'll be thinking about both of you.
    • doingitanyway
    • By doingitanyway 21st Jun 17, 9:19 AM
    • 2,089 Posts
    • 9,670 Thanks
    doingitanyway
    Thinking of you both too...
    JANUARY 2016/SECURED DEBT=24,822/November 2017=4,490
    MORTGAGE FREE 25/07/16
    • Hiddenidenity
    • By Hiddenidenity 21st Jun 17, 9:25 AM
    • 5,320 Posts
    • 26,124 Thanks
    Hiddenidenity
    Thinking of you both xx
    DFW £1783.71/£7348.71 Rent Arrears £571.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • glass_half_full
    • By glass_half_full 21st Jun 17, 8:27 PM
    • 203 Posts
    • 494 Thanks
    glass_half_full
    Hi Uncanny Scot,

    Sending positive thoughts and prayers to you...
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