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  • FIRST POST
    • clariss27
    • By clariss27 14th Feb 18, 9:34 AM
    • 2Posts
    • 1Thanks
    clariss27
    In debt and unemployed
    • #1
    • 14th Feb 18, 9:34 AM
    In debt and unemployed 14th Feb 18 at 9:34 AM
    Hey everyone! Iím new to this site, not sure if posting in the correct place! Just after a bit advise really or perhaps thereís someone in the same situation as me! Iíve recently become unemployed and single, with 2 children to take care off! Iím in approx just a little under £3000 of dent. My main debt is with Barclays finance, thatís for just over £2000 the rest is made up of odd little things. I did start making payments towards this but had to stop when I found myself and struggling to feed my kids. I recieve income support, child tax credits and child benefit, housing benefit too! My childrenís dad does gives me child Maintenace but that all goes toward towards my rent! At the moment my main priorityís are to have a roof over over our heads, council tax paid, gas electric and food!! I spoke to a debt company who I gave all my budgeting info too and they worked out I have £110 spare a month? I really donít see how they worked this out! Some weeks I barely have £5 left!After this I done one myself online and it came up with -£220!! (No wonder Iím borrowing of my friends and family all the time) I really want to face my debt and pay it off Iím just after some advice! I am thinking of sending barclays first my budgeting sheet and offering them a token payment of say £20 per monthó- not sure if they will accept this but it is start?! I just donít know what else I can do. I asked about a DRO but the guy said Iíd be declined as I took out a payday loan a few months ago. Does anyone know if this is true? At the present time I havenít yet received any debt collector letters.
Page 1
    • Mumoffourkids
    • By Mumoffourkids 14th Feb 18, 9:41 AM
    • 431 Posts
    • 1,820 Thanks
    Mumoffourkids
    • #2
    • 14th Feb 18, 9:41 AM
    • #2
    • 14th Feb 18, 9:41 AM
    Hi and welcome to the forum. The first place to start would be to post a statement of affairs. The lovely people on here can then help you to work out your budget and see if there are any areas to cut.

    I don't know if this would be the right advice but what I did when I decided to tackle my debts was to write to all of them requesting a month or two break and a balance on the account so I could work out a plan to pay them back. They were fine with this but it might be because I hadn't paid anything for almost two years. I think the key is to communicate with your debts to let them know that you are struggling and that you are trying your best to get sorted.
    Total debt Dec 2017 £23090.83
    Feb 2018 £6955.3669.88% paid
    Emergency fund £400/£600
    Total Savings £1125.79
    • UncannyScot
    • By UncannyScot 14th Feb 18, 9:45 AM
    • 1,156 Posts
    • 7,052 Thanks
    UncannyScot
    • #3
    • 14th Feb 18, 9:45 AM
    • #3
    • 14th Feb 18, 9:45 AM
    Hi Clariss27

    Welcome to the forum.

    I would suggest using the Statement Of Affairs (SOA) tool here on the site to work things out on (if you want to post it up on here or not is up to you but folks here can help give advice on where possible savings can be made).

    Not sure on the info you have been given regarding the DRO, perhaps someone else will pop on to comment on that.

    You are of course spot on in prioritising what needs paying. Also, try your local Citizens Advice Bureau or StepChange for FREE independent advice on dealing with your situation.

    You may want to keep using this part of the forum as a journal / diary of your progress and it is a great wee online community here. We are a friendly and supportive bunch (ok, nutters but friendly nutters )

    No judgement here, only advice and support. Feel free to visit, read and comment on folks diaries and become part of it. We are all in same boat and happy to help each other on our journeys.
    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.
    • Mahsroh
    • By Mahsroh 14th Feb 18, 9:48 AM
    • 305 Posts
    • 266 Thanks
    Mahsroh
    • #4
    • 14th Feb 18, 9:48 AM
    • #4
    • 14th Feb 18, 9:48 AM
    Welcome Clariss27,


    Here's the link to complete the SOA as suggested by others:
    http://www.stoozing.com/calculator/soa.php
    • clariss27
    • By clariss27 14th Feb 18, 10:03 AM
    • 2 Posts
    • 1 Thanks
    clariss27
    • #5
    • 14th Feb 18, 10:03 AM
    • #5
    • 14th Feb 18, 10:03 AM
    Thanks for that link! How do I upload it to here? I completed it but somehow deleted it! It came up with £41 spare monthly! Will share it if I know how too. Thanks for your help
    • Mahsroh
    • By Mahsroh 15th Feb 18, 11:59 AM
    • 305 Posts
    • 266 Thanks
    Mahsroh
    • #6
    • 15th Feb 18, 11:59 AM
    • #6
    • 15th Feb 18, 11:59 AM
    Thanks for that link! How do I upload it to here? I completed it but somehow deleted it! It came up with £41 spare monthly! Will share it if I know how too. Thanks for your help
    Originally posted by clariss27
    There should be an option on there for format it for MSE - click on that, which will open a new window, then simply copy and paste.
    • doingitanyway
    • By doingitanyway 15th Feb 18, 6:53 PM
    • 2,535 Posts
    • 12,105 Thanks
    doingitanyway
    • #7
    • 15th Feb 18, 6:53 PM
    • #7
    • 15th Feb 18, 6:53 PM
    Wishing you luck. I've been there. Not easy but you can still make a difference
    JANUARY 2016/SECURED DEBT=24,822/February 2018=795
    MORTGAGE FREE 25/07/16
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