advise please wages dont cover outgoings

loopymadlover

hi there im new on here but have a quite good understanding of how i should pay my debt back.

i owe a fair bit over a few lenders as follows

lloyds c/card 4500 apr is 4.9 for 6 months
egg c/card 2k apr is 0 for 13 months
barclaycard 695 apr is 0 for 13 months
halifax loan 297 pcm till may 2010
barclays o/d 950 apr is 17.9 ish only pay off the interest each month
my sister 1k
my man £500

i dont know if its worth writing to my creditiors with a soa so they can see how much i have spare each month (which happens to be nothing ) my wages dont cover my basic payments and i work lots of overtime thru the month

any one advise me further thanks

loopy

Miss_Piggy_2

Hi and welcome.
Firstly I would recommend putting a full SOA on here. There may be lots of things people can suggest to help.
Miss P
xx

Rummer

Hello

Well done for posting! It might help if you posted a full SOA on here so people could give you more advice.

Horace

hi and welcome

Please post your SOA on here so that we can see what is coming in and what you are spending to see if we can advise on ways to cut down. Use this calculator https://www.makesenseofcards.com/soacalc.html (there is a button called MSE to configure it to the forum).

loopymadlover

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 750
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 750

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 200
Management charge (leasehold property).. 0
Council tax............................. 96
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 0
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 150
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
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........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 446

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

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
lloyds c/card..................4500......125.......19.9
egg............................2000......40........0
barclay card...................700.......15........0
barclays o/draft ..............950.......10........17.9
halifax loan ..................6000......297.......7
Total unsecured debts..........14150.....487.......-

Monthly Budget Summary
Total monthly income.................... 750
Expenses (including secured debts)....... 446
Available for debt repayments........... 304
Monthly UNsecured debt repayments....... 487
Surplus(deficit if negative)............ -183

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -14,150
Net Assets.............................. -14,150

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.

no children 1 car my partners the rent is the bill money i pay to him everymonth

loopymadlover

i buy the food and pay the bills ive checked an am on the cheapest tarriff for everything - gas elec water and broadband karoo is my only broadband provider my food budget includes toiletries cleaning product washing powder etc .

my partner pays all the mortgage and his debts including a loan and credit card over 1 k a month

loopymadlover

there is just me and my partner and our 2 dogs in the house

PoorPrincess

Hi Loopy,

before the professionals come along and give some answers, have you thought about selling things like books/cds/dvd on Amazon and all other bits & pieces on Ebay? It can really help and the money you make is extra money to off of your credit cards!

princess

x

loopymadlover

i am selling on ebay and amazon got a few things with bids on and im doing the 1k in 100 days challenge started last week, once ive sold this lots of belongings i will have to start looking at buying and selling from other sources. i did have a adult online store but had to shut it down as money became too tight with the credit crunch

thanks

loopymadlover

just to let everyone know who might be able to advise me i also owe my partner £500 (washing machine cooker and gas bills )and my sister 1K (to pay credit card when my gran passed away as was an expensive day to go to the funeral)

my wages are flexibile depending how much overtime i do through the month the most i earnt one month wage 1K (around 70+ overtime that month) but thats the least.

ive some how managed to get 2 new credit card recently and have transfered the balance of my highest apr card but the other one has ended so my balance is high again but im only paying 4.9 apr i think its only part of the balence tho not all

i also somehow manage to make the min payments occassionally late and im sometimes over my overdraft but im selling on ebay and hoping to clear the overdrafts i currently have at over 1K

my man wants me to go onto the mortgage in the next year oct 09 so i would like to avoid a dmp or iva although i would consider both !!!!

thanks in advance to anyones advice and please ignore the poor grammar and spelling .

loopymadlover

loopymadlover

oh and i forgot my phone bill and water rate which are 45 inclusive