very first soa (eeek)

gilligansyle

alfiemama wrote: »

Hi Merlot

ps I have just googled debt management and filled out some info for something called www.trapped.co.uk for a debt management plan and someone is going to be in touch in 24 hours, worth ago

:eek: NO, please don't go to a debt management company that charge you fees. Go to one of the free ones, Payplan are paid by the credit companies, I think, CCCS get their money by holding on to your money for a few weeks before paying your creditors.There are links all over this forum. I don't know about the others but you can fill in the CCCS form online, you don't have to wait until Monday morning.

National Debtline have lots of factsheets etc.
If you are struggling as it is, what is the point in paying fees as well?

alfiemama

Hi everyone
I did contact cccs and they gave some advice but as we wasnt in debt couldnt really help us, I suppose we have to make the decision as to whether to let them go as "debts"

Updated version

Monthly Income Details
Monthly income after tax................ 1800
Partners monthly income after tax....... 0 I have tried to work but dont have the appropiate childcare having 2 little ones under 4
Benefits................................ 160
Other income............................ 0
Total monthly income.................... 1960

Monthly Expense Details
Mortgage................................ 876 interest only with tsb fixed rate for 2 years at the beginning of term
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 147
Electricity............................. 100 this was £54 with npower until fell in arrears and then very nicely advised I wasnt paying enough having meters fitted 15th aug
Gas..................................... 100 this was £45 with npower and same as above meter fitting on 15th aug
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 35
Mobile phone............................ 85.5 this is made up of £35 18month contract 02 (mine) and £45 plus £7.50 bolt on 02 unlimited calls for husbands work
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 30 made up of £9.99 aol broadband contract and £20 dongle for mob wireless (hubbys work)
Groceries etc. ......................... 70 this is for 4 of us plus petfood, nappies, wipes etc
Clothing................................ 20 I shop charity shops and put this to cover sons school uniform as he goes in sept
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 35
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 20 toddler groups, swimming etc
Medical (prescriptions, dentist etc).... 8 contacts
Pet insurance/vet bills................. 0
Buildings insurance..................... 35
Contents insurance...................... 0
Life assurance ......................... 29
Other insurance......................... 41
Presents (birthday, christmas etc)...... 20
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 10
Total monthly expenses.................. 1833.5

Assets
Cash.................................... 0
House value (Gross)..................... 205k
Shares and bonds........................ 0
Car(s).................................. £200
Other assets............................ 0
Total Assets............................ 205,200
Secured Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 195......(876)......4.9
Total secured debts........... 195.......-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
caravan........................3,400.........104.....I think 7.5% apr. . 33 payments left
blackhorse.................... 6,000.borrowed but with interest 8,827.............. .13.9%
settee.........................989.........27....... .0% apr £940 outstanding
capitol 1......................0.........15........We think this is 30% apr:eek: amount outstanding £339
barclays.......................0.........20....... . apr 0% amount outstanding £60
Total unsecured debts..........0.........303.......-

Monthly Budget Summary
Total monthly income.................... 1,960
Expenses (including secured debts)....... 1,833.5
Available for debt repayments........... 126.5
Monthly UNsecured debt repayments....... 303
Surplus(deficit if negative)............ -176.5

Personal Balance Sheet Summary
Total assets (things you own)........... 405
Total Secured debt...................... -195
Total Unsecured debt.................... -0
Net Assets.............................. 210

Gemmzie

Is Barclays a credit card?

alfiemama

Hi Gemmzie
Sorry it was my hubbys isa card which should have never let him get overdrawn but aol get taking out of it even though we had changed the details.

Merlot

If CCCS couldn't help you, try national debt line or Payplan, DO NOT USE THE COMPANY YOU HAVE CONTACT TODAY UNDER ANY CIRCUMSTANCES PLEASE.

alfiemama

I wont I promise, thanks for the advice everyone, appreciate it, really.

Gemmzie

Okay, so that one will be gone in three months, then you can concentrate on the Capital One.
So you need about 30 hours a month at minimum wage to break even, that's about 7 hours a week - could you do a couple of nights in a bar when hubbie is home?

alfiemama

Oh my god, eek, that fills me with dread.
I am going to get in touch with paypal, just filled in the online form, tried cccs but kept kicking me out and will try the others, really want to make things a bit easier for us.

We could sell the caravan it is pitched up at the mo (which we paid in advance for) but we prob wouldnt get enough to pay the finance back, so we were waiting for the season to end.
Like I said in the first posting some months hubby does get more, this is based on a worse case scenario,

Gemmzie

Seven hours a week isn't very much - two evenings tops

Merlot

alfiemama wrote: »

Oh my god, eek, that fills me with dread/quote]

I know what you mean, I'm returning to work in September, its just a wee part time job and I am dreading it, the first two days will be awful but I keep thinking after that it'll get better, it takes a lot to get a job after being out of work for sometime, but If I can do it, you certainly can.

Merlot.x.