Help Please!!!

emmao_3

Hiya

think some of your advice on here is excellent and wonder if you can help me, last year my husband lost his job, and we missed two morgage payments, since january we have made every paymenment plus a extra £100.00 (agreed for arrears)
This month I was poorly and could only afford £250.00 (statory sick pay) so we are £450.00 behind in our morgage.

My husband has rang to speak to them to see how they can help, to be told they demand the balance today or will start legal proceedings, i am 3 months pregnant with a four year old chiild and petrefied we could now loose our house.

we cannot pay this money , only when i get paid on 25th Sept i can pay the usual £700.00

We are on interest only as it is, and have awful credit rating, we are with morgage express.

We have tried to speak to them a number of times, to be told there is nothing they can do to help,

Pretty poor considering we are practically begging for their help

can anyone advice what to do ??

Merlot

Welcome to the board.

Are you saying when you are paid at the end of September you pay the arrears as well as the normal mortgage amount, if not don't panic. Your priority debts are the mortgage,arrears, gas and electricity and secured loans. Only send in token payments to credit cards/unsecured loans this month in order for you to catch up on your mortgage arrears. There are letters on this board which can use to send to your credit card/unsecured creditors.

If you post an SOA (incomings and outgoings) we will see if we can help you reduce your outgoings.

Merlot.x.

emmao_3

ah bless you thanks for your relpy, i can still only afford max £900 at the end of the month, towards the morgage (and arrears)
when they say they are starting legal proceedings does that mean we will be repossesed, bearing in mind we are already in arrears..
I cant believe how unhelpful they are, fair enough we should pay them but when you ask for help and dont get it what can you do?

how do i fill in an income and expenditure form so you can see it xxx

Merlot

If you pay £900 at the end of the month, how much will the total arrears be then.

Merlot

http://forums.moneysavingexpert.com/showthread.html?t=107280

Take a look at this, its for first time posters. It may help you.

Merlot.x.

emmao_3

they will be about £1,400, due to missing two payment last yearxxx

Merlot

Ok, do you have a plan to reduce the £1400 arrears?

Are you in debt with credit cards and loans etc, I am trying to build a picture and then we know where we stand and can give you better advice.

Merlot.x.

P.s.I've got to go and make the dinner, but I'll check in on you later, don't worry, some more of the knowledgeable peeps wil be here to advise you on repros.

emmao_3

My in and outgoings as follows:

My salary - £1,100
Partners salary - £600
Benefits - £100

Total - £1,800

Monthly Outgoings:

Mortgage/Rent - £700
Council Tax - £140
Gas - £40
Electric - £45
TV License - £12.00
Sky £35.00
Phone - £50.00
Food - £300
Car Insurance - £45.00
Petrol - £80
Child care - £200.00
DMANAGEMENT £140.00

TOTAL = £1,792


Please help!! xx

emmao_3

yes we are in a lot of debt £30,000 we are doing debt managments which costs £140.00 a week, we have had a bad time this year, my husband is a compulsive gambler and a lot of our debt was due to the life style we lead and his addiction, he goes to GA now so is getting help and with a new baby onthe way we really want to start a fresh, be sensible with money and sort ourselves out, xxx

RAS

As a starter have you checked www.entitledto.com in case you can get extra benefits?

emmao wrote: »

My in and outgoings as follows:

My salary - £1,100
Partners salary - £600
Benefits - £100

Total - £1,800

Monthly Outgoings:

Mortgage/Rent - £700
Council Tax - £140 is this over 10 months or 12?
Gas - £40
Electric - £45
TV License - £12.00
Sky £35.00 - sorry this has to go. The mortgage is more important. Use freeview.
Phone - £50.00 - ditto and go PAYG as soon as posble
Food - £300 - if this is for you, OH and a 4 year old, you can cut it suubtantially
Car Insurance - £45.00 - this is high - go to the comparison sites and change it
Petrol - £80
Car tax?
MOT and maintenance
Child care - £200.00
DMANAGEMENT £140.00 - with CCCS or payplan, I hope?

TOTAL = £1,792

Clothes, holiday, presents? House maintenance?

Hi,


Sorry the above seems a bit blunt above.

If you are in debt on priority accounts, then you should not be paying anything to unsecured debtors, beyond £1 token payment, until you are sorted out.

Also, your budget is reasonable for a DMP, but the stark reality is that you cannot afford to live up to the allowance that offers and pay off your secured arrears, so you need to cut quite a lot off you monthly expenditure to cover the arrears.


if this is gambling debts are the accounts all in his name? Is there any equity in the house?

cady

My salary - £1,100
Partners salary - £600
Benefits - £100

Total - £1,800

Monthly Outgoings:

Mortgage/Rent - £700 this is the most important
Council Tax - £140 can you spread this over 12 monthis instead of 10??
Gas - £40
Electric - £45
TV License - £12.00
Sky £35.00 can this be cancelled or cut down??Phone - £50.00
Food - £300 look on the OS board for tips on bringing this down this is quite high for 3 or you
Car Insurance - £45.00
Petrol - £80
Child care - £200.00
DMANAGEMENT £140.00

TOTAL = £1,792

If i was you id miss the Gas elec Sky phone this month and look on OS board for cheap recipys try a store cubard challene or meal plan to bring the cost right down

HTH and good luck !!

Cady x