hello everyone

jimpanzee

just wanted to say hello

im in serious !!!! and i knew it was bad but didnt know it was quite this bad been scraping my way through month by month but cause of the worry have had time of off work and my wage has got lower and lower month by month just sprialed in to a massive rut.

can anyone help im being chased all over the place and i dont know what to do.

im over my overdraft on the 4th of september am !!!!!!ed

even have my car up for sale but no one is interested but i know if i sell that i'll only have the same problem in october.

its all my own fault

boredofbeingathome

Hi jimpanzee, loving the name by the way. Welcome to the boards. You are not on your own here and everyone will do their best to help you. Why not put up a SOA using the calculator at the top of the forum. It will also help you become a bit more in control and also get some ideas about how to reduce your outgoings.
BOB X

**Amy**

HI and Welcome!

You have made the right move coming here.

First and foremost it would be a good idea to do an SOA (statement of affairs). If you use the link below you will be able to post it up on here using the MSE format button.

http://www.makesenseofcards.com/soacalc.html

Its a good idea to post it so that we can maybe help you save some money and also suggest good ideas to tackle your debts.

It might also be a good idea to contact one of the debt charities. www.cccs.co.uk or www.nationaldebtline.co.uk

xxx

jimpanzee

how do i post the soa

sorry am useless at this

boredofbeingathome

You have to fill the bits in and then save it..

jimpanzee

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1850
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1850

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 475
Management charge (leasehold property).. 0
Council tax............................. 86
Electricity............................. 157
Gas..................................... 0
Oil..................................... 0
Water rates............................. 10
Telephone (land line)................... 11.75
Mobile phone............................ 65
TV Licence.............................. 23
Satellite/Cable TV...................... 28.91
Internet Services....................... 0
Groceries etc. ......................... 50
Clothing................................ 0
Petrol/diesel........................... 10
Road tax................................ 180
Car Insurance........................... 76.5
Car maintenance (including MOT)......... 35
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 11
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1219.16

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1100
Other assets............................ 0
Total Assets............................ 1100

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
barclayloan....................20869.....306.......0
cahoot.........................9060......224.......0
aa account.....................4619......203.......0
capital one....................200.......0.........0
bcard..........................200.......0.........0
aa loan........................14338.....170.......0
aa credit card.................1100......19.61.....0
virgin credit card.............3912......100.......0
Total unsecured debts..........54298.....1022.61...-

Monthly Budget Summary
Total monthly income.................... 1,850
Expenses (including secured debts)....... 1,219.16
Available for debt repayments........... 630.84
Monthly UNsecured debt repayments....... 1,022.61
Surplus(deficit if negative)............ -391.77

Personal Balance Sheet Summary
Total assets (things you own)........... 1,100
Total Secured debt...................... -0
Total Unsecured debt.................... -54,298
Net Assets.............................. -53,198

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

======== Enter any other useful information below ========

e.g. the number of adults & children in the household, the number

of cars included in the SOA or anything else that may be useful.

boredofbeingathome

click the mse format button at the bottom of it.

jimpanzee

the word your looking for begins with f and ends in d

boredofbeingathome

well done you did it.

**Amy**

I have noted a couple of things below, however its obvious taht your incoming doesnt cover your debt repayments.

I would suggest contacting one of the debt charities. (www.cccs.co.uk or www.nationaldebtline.co.uk).

x

jimpanzee wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1850
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1850

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 475
Management charge (leasehold property).. 0
Council tax............................. 86 Can you pay over 10 months?
Electricity............................. 157 This is high, have you checked you are with cheapest provider?
Gas..................................... 0
Oil..................................... 0
Water rates............................. 10
Telephone (land line)................... 11.75
Mobile phone............................ 65 Can you lower this? If its contract lower it to cheapest tariff available and stick to it? Or get a PAYG sim?
TV Licence.............................. 23 This is normally £11.41?
Satellite/Cable TV...................... 28.91 You may need to cancel this
Internet Services....................... 0
Groceries etc. ......................... 50
Clothing................................ 0
Petrol/diesel........................... 10
Road tax................................ 180 Do you pay this per month? Seems a lot?
Car Insurance........................... 76.5 Are you with the cheapest provider?
Car maintenance (including MOT)......... 35
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 11
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1219.16

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1100
Other assets............................ 0
Total Assets............................ 1100

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
barclayloan....................20869.....306.......0
cahoot.........................9060......224.......0
aa account.....................4619......203.......0
capital one....................200.......0.........0
bcard..........................200.......0.........0
aa loan........................14338.....170.......0
aa credit card.................1100......19.61.....0
virgin credit card.............3912......100.......0
Total unsecured debts..........54298.....1022.61...-

Monthly Budget Summary
Total monthly income.................... 1,850
Expenses (including secured debts)....... 1,219.16
Available for debt repayments........... 630.84
Monthly UNsecured debt repayments....... 1,022.61
Surplus(deficit if negative)............ -391.77

Personal Balance Sheet Summary
Total assets (things you own)........... 1,100
Total Secured debt...................... -0
Total Unsecured debt.................... -54,298
Net Assets.............................. -53,198

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

======== Enter any other useful information below ========

e.g. the number of adults & children in the household, the number

of cars included in the SOA or anything else that may be useful.

jimpanzee

electric is paid quaterly i hurried doing the soa
just guessed the tv liecence i paid it in full in feb
road tax is for the year
mobile has be lowered to that from 99.00
car insurance will be lowered as im selling my car