Getting Even More Desperate

Rubie-blu

Hello

I've just done my soa as per one of the links provided - Im shaking, this is worse than I thought.

I went to CAB last Monday and wasn't sure that the advice I received was entirely accurate. Also my partner (who usually gives £700 - until november, then £500 (the extra is because he owes me some money)) was a tad overwhelmed by CAB and the implication that they want his whole income taken into account - well he's gone away to think for a while. Hoping to hear from him later as he will need some work clothes.

Can you tell me what you think of this? I have been trying to find the guts to ring CCCS and can't quite bring myself to do it but will try to do it tomorrow - can i ring them in the evening as I work in open plan office, don't what everyone to hear me, and def not see me distraught!!!

I got the figure for value of car off Parkers Guide - I take it this is fair enough to do?


Monthly income after tax................ 1544.46
Partners monthly income after tax....... 700
Benefits................................ 81.46
Other income............................ 0
Total monthly income.................... 2325.92

Monthly Expense Details
Mortgage................................ 1230
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 118.34
Electricity............................. 87
Gas..................................... 52
Oil..................................... 0
Water rates............................. 44.5
Telephone (land line)................... 0
Mobile phone............................ 60
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 455
Clothing................................ 52
Petrol/diesel........................... 60
Road tax................................ 10
Car Insurance........................... 15
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 45
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 10
Buildings insurance..................... 21.25
Contents insurance...................... 0
Life assurance ......................... 17.64
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 28
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 10
Total monthly expenses.................. 2415.73

Assets
Cash.................................... 0
House value (Gross)..................... 299000
Shares and bonds........................ 0
Car(s).................................. 3600
Other assets............................ 0
Total Assets............................ 302600

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 256000...(1230).....5.7
Total secured debts........... 256000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card....................6483......145.......0
Credit Card....................58834.....132.......0
Credit Card....................9716......350.......0
Credit Card....................3481......69........0
Credit Card....................4396......110.......0
Credit Card....................1509......32........0
Credit Card....................2003......52........0
Credit Card....................11075.....185.......0
Total unsecured debts..........97497.....1075......-

Monthly Budget Summary
Total monthly income.................... 2,325.92
Expenses (including secured debts)....... 2,415.73
Available for debt repayments........... -89.81
Monthly UNsecured debt repayments....... 1,075
Surplus(deficit if negative)............ -1,164.81

Personal Balance Sheet Summary
Total assets (things you own)........... 302,600
Total Secured debt...................... -256,000
Total Unsecured debt.................... -97,497
Net Assets.............................. -50,897

The lady at cab said 455 for household was fair because there is (normally) 4 of us living here.

I haven't listed a GE Capital Loan (not secured) that is in my name but my mother pays - I take it this would have to be included, but it's not physically part of my expenditure - how do i work that out?

My mum pays for the Virgin package we've got by way of her household contribution - this tends to be around £100 a month. We get the tv licence free because of mum being blind.

Also I was reading one of the other posts where the sender had decided to leave his/her house and went and found rented accommodation before going BR. He was still able to visit the old house until it all went through - does house repossession get dealt with in BR? Im a bit confused about the order of how it will all happen, can anyone offer me a dummies guide please? Im just going to go and find the last traces of alcohol and see if I can calm my nerves!! (I know I've posted on here before but i can't find what i've sent or what your advice was to them.)

shadowdragon

your OH only contributes 700 to that expenditure!!!! Its understandable why the CAB questioned there contribution, the OR would probably also question it too.

shadowdragon

is that second credit card debt a typo (58834)?

frugallass

Hi

The mortgage payment is huge - glad it's not mine - sorry that's not much help but it's a massive expense !

£450 for groceries - is there just the two of you? If so, this can be cut down considerably.

£60 for holiday fund - this isn't a necessity at the moment

£28 for haircuts - seems quite high

* apologies* just read the bottom of your post so some questions already answered x

blind-as-a-bat_2

Rubie-blu wrote: »

Credit Card....................6483......145.......0
Credit Card....................58834.....132.......0 as shadowdragon says this must be a typo
Credit Card....................9716......350.......0 Is this right payment seems hi
Credit Card....................3481......69........0
Credit Card....................4396......110.......0
Credit Card....................1509......32........0
Credit Card....................2003......52........0
Credit Card....................11075.....185.......0 Is this right? payment seems low?

Just wanted to check as the payments seem very differant for such a simaler sum

Lula-Hula

Hi,

I'm no expert but having had a quick look at your SOA the following things leapt off the page at me :

Groceries £455 ? - Astronomical, you can HALVE this
Clothing £ 52 - Is this absolute necessity spending every month ?
Mobile £ 60 - I'm sure you can at least halve this
Electricity £ 87 _ On top of £50 odd Gas ? Shop around or start switching things off

I'm sure with plenty of cutting back on non-necessity expenditure you could find another £ 300 to put towards debt repayment.

Try out the budget planner on the cccs website - It could prove enlightening. www.cccs.co.uk

Good luck

blind-as-a-bat_2

Rubie-blu wrote: »

(I know I've posted on here before but i can't find what i've sent or what your advice was to them.)

Your other threads, not sure which one you where looking for

http://forums.moneysavingexpert.com/showthread.html?t=1147319

http://forums.moneysavingexpert.com/showthread.html?t=1063089

http://forums.moneysavingexpert.com/showthread.html?t=1063251

Rubie-blu

Yes that is a typo - its 5834 - no wonder it all looked worse than i thought - sorry. I will amend on the site.

The payment on the £11k credit card is low - its MBNA and I don't know how they work it out. Normally it shoots up and I ring them and ask for another deal and they reduce it for 6 months or so.

There is normally 4 of us here. As I say, my OH has gone away to think - i thought his contribution was fair. He has 3 kids of his own that he pays maintenance for, plus some other school expenses as and when necessary. He was unaware of my situation until about 2 months ago, so it's all come as a bit of a shock to him really.

Rubie-blu

Hi Lula

The figures that I've put down are based on the allowable expenses that CAB said were reasonable based on 4 living here. She said £35 per person per week was reasonable? £87 on electricity includes arrears - I nearly paid that on a credit card, but decided not to - I have previously paid for utilities on them. My mother is here all day, she is 84 and virtually housebound so stuff will be used during the day that wouldn't normally if everyone was out.

blind-as-a-bat_2

What are your feelings on keeping the house?, i think you will already realise its looking like it may be difficult too

Rylynn

Can I just say that my own gas is 55 a month and my electricity is 67, and I pay monthly, have just had the bills in and this is the summer! OMG I am only just over £2 in credit on each. There are three of us in a three bedroomed semi, and we are careful. I know the prices given are slightly higher than mine but I can say that the fuel costs are sky rocketing, so it maybe that this persons are correct, and may even go up in the coming months.

On the food bill mine is around £400 per month, and yes maybe this can be cut down but surely you are allowed a certain amount on housekeeping?

I have also used the Parkers guide for my car and I am sure that is where someone here told me to go and look. I have just looked again and heck my car dropped from £1300 in June to £980 now! things are getting worse out there.

I hope you can get your situation sorted out and I am positive the people here will give you shed loads of help as they are all fantastic. Like others here though I can see why CAB questioned only £700 from your OH with the expenses you have each month that seems very low from him/her. Why have they gone off to think about things, are they earning a lot more and only giving you a small amount? and just read it is £500 that is a very low percentage of your outgoings?