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aliciaoggy
aliciaoggy Posts: 42 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Debt-free wannabe
Our mortgage deal ended with northern rock this month have looked around but not really anything available for us as our original mortgage was 100%. So our mortgage has risen by over £200, credit cards £200 month, Loan £300 and other bills means unless my husband can get overtime we are in over our heads. Has anybody got any suggestions on how we could try and sort our mess out. The way the housing market is at the moment i dont think we would be able to sell our house, so we are stuck with £740 a month on a £105000 mortgage I just want to try and sort something out before its too late and we start missing payments.

Comments

  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    hi there, why not put together your SOA and put it in this thread for the DFW crew to see where they can spot opportunities for change and cutback?

    Also, check out the "make £10 a day" challenge on this board to help you cover that additional £200 in other ways!
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • MrsTinks
    MrsTinks Posts: 15,238 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Name Dropper
    SOA calculator - put this together so we can see how best to address the situation :)
    DFW Nerd #025
    DFW no more! Officially debt free 2017 - now joining the MFW's! :)

    My DFW Diary - blah- mildly funny stuff about my journey
  • TotallyBrassic
    TotallyBrassic Posts: 102 Forumite
    You have taken the 1st step, post that all important SOA and the learned peeps from DFW will show you the path to enlightenment ( well they will save you money at least...lol)
    I am quite new to this myself, but the challenges are great worth joining, I am going to myself, I think you will be amazed what can be cut/saved just by mooching around in here

    Good Luck anyway
    xx
    :D Life is full of lessons...wish I had been awake in the one entitled 'Do you really need that stuff?' :D
    DMP mutual support thread member 242
    LBM>>:eek: Sept 08 £28357:eek:
    >>Jan2010 £25265
    >>June2010 £23995
  • LoulaBelle
    LoulaBelle Posts: 136 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Post your SOA as soon as you can in the meantime is there anyway either of you can get a part time job doing something - look on the jobcentre website its updated everyday
  • annamc75
    annamc75 Posts: 211 Forumite
    Can you change yoru mortgage to interest only for a wee while?

    Anna x
    £10 per day Challenge (Oct)

    £175 in paypal
    £15 from consumer pulse
    £5 M&S Voucher - thanks to direct line quote
  • aliciaoggy
    aliciaoggy Posts: 42 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Hi thanks for all you replies, now i might be having a blonde moment but can somebody tell me what an SOA is please as i'm new to all this and not really sure what it means. Many Thanks aliciaoggy.
  • Sunny_Donny
    Sunny_Donny Posts: 300 Forumite
    see Mrs Tine's post above, click on SOA and it will lead you to the template youneed to complete
    Mortgage free as at 1/9/13 :j
    To start work on the credit cards now!!
  • SunderlandBlackCat
    SunderlandBlackCat Posts: 1,225 Forumite
    If you have a look at MrsTine's post above she's put a link in to an SOA Calculator

    SOA stands for Statemaent Of Affairs, basically a breakdown of where all your money is coming from & going to.
  • aliciaoggy
    aliciaoggy Posts: 42 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Sorry to be a pain i've clicked on the link but can't find a template it takes me to the bbc homepage.
  • SunderlandBlackCat
    SunderlandBlackCat Posts: 1,225 Forumite
    aliciaoggy wrote: »
    Sorry to be a pain i've clicked on the link but can't find a template it takes me to the bbc homepage.

    Ha! so it does

    try this - http://www.makesenseofcards.com/soacalc.html
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