need help can't sleep

dontknowwhattodo_3

Please could somebody give me some advice on where to start - I have credit card debts of approx 20,000 pounds have a mortgage - interest only of 90,000 pounds which is in negative equity now - have tried to pay the minimum payments off my card payments but finding things really touch - my mortgage repayment is 500.00 pound per month - I am really feeling the pressure as I can't sleep and am suffering from depression not knowing which way to turn as I haven't got enough money to buy food and the basic essentials.

I amm full time employment but am finding it harder and harder to cope - I live on my own as my partner left me high and dry 3 years ago and it has got harder to pay everything on my own - I earn appro 1,200 per month.

Any advice would be appreciated.

HHH_2

Have a look at the CCCS website (sorry I cant do links!) (make sure it's CCCS not C-C-C-S) they are a charity who exist to help people like you and I and many other people on this site. There is a debt remedy thing you can fill in which gives you options it may well be you could do a Debt Management Plan I have one and I can afford to eat and pay my debts all be it at a reduced rate. CCCS can also help to get interest stopped. have a look now, many people on here will recommend tham good luck

Numpty_Monkey

Hi don'tknow
welcome to the board
I think you should post up your SOA
use this link
http://www.makesenseofcards.com/soacalc.html

our maybe check out one of the debt charities
Non-profit Debt Counsellors' List

hope you get some sleep soon

dontknowwhattodo_3

thanks for that - have gone onto the CCCS website and tried to fill in my details but I can't seem to go further when I add my debts in - will try again - the first time I did it they referred me to their phone line so will give it another try - it is nice to be able to talk about my debts as I have hidden them for to long and need to pick myself up - being on my own is so daunting

dontknowwhattodo_3

thanks for your reply will log onto the sites you mentioned

migwella76

hi dontknowwhattodo

welcome to the forum.

by coming here you should change your name to knowexactlywhattodo as you're in the right hands with some great supportive people.

i was at a similar stage to yourself when i came upon this board. stressed, depressed and i felt ashamed, but the people on here soon put me right.

i am with the cccs above and strongly recommend giving them a call.

sarriep

Hi Don't Know,
Welcome to the boards - there's lots of great advice here! I agree with NumptyMonkey you should post your SOA (statement of affairs) here so everyone can see your full picture and then the advice will flood in!
Don't panic, it's a very scary time but you CAN and WILL get through! For me the first few days after my LBM were awful but soon you will begin to see there are ways and means to cope with your situation.
Sx

dontknowwhattodo_3

[tt]
Statement of Affairs and Personal Balance Sheet



Monthly Income Details

Monthly income after tax................ 1200

Partners monthly income after tax....... 0

Benefits................................ 0

Other income............................ 0

Total monthly income.................... 1200



Monthly Expense Details

Mortgage................................ 500

Secured loan repayments................. 0

Rent.................................... 0

Management charge (leasehold property).. 0

Council tax............................. 69

Electricity............................. 25

Gas..................................... 40

Oil..................................... 0

Water rates............................. 15

Telephone (land line)................... 35

Mobile phone............................ 20

TV Licence.............................. 11

Satellite/Cable TV...................... 0

Internet Services....................... 5

Groceries etc. ......................... 148

Clothing................................ 10

Petrol/diesel........................... 100

Road tax................................ 12

Car Insurance........................... 40

Car maintenance (including MOT)......... 10

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..................... 16

Contents insurance...................... 16

Life assurance ......................... 15

Other insurance......................... 0

Presents (birthday, christmas etc)...... 0

Haircuts................................ 10

Entertainment........................... 10

Holiday................................. 0

Emergency fund.......................... 10

Total monthly expenses.................. 0



Assets

Cash.................................... 0

House value (Gross)..................... 95000

Shares and bonds........................ 0

Car(s).................................. 1000

Other assets............................ 0

Total Assets............................ 96000



No Secured Debt



Unsecured Debts

Description....................Debt......Monthly...APR

RBS loan.......................1800......48........0

abbey overdraft................1000......0.........4

halifax overdraft..............700.......0.........4

capital one....................1300......30........29

RBS............................600.......7.........26

halifax........................1500......20........26

abbey..........................600.......10........23

monument.......................1900......20........19

Total unsecured debts..........9400......135.......-



Monthly Budget Summary

Total monthly income.................... 0

Expenses (including secured debts)....... 0

Available for debt repayments........... 0

Monthly UNsecured debt repayments....... 135

Surplus(deficit if negative)............ -135



Personal Balance Sheet Summary

Total assets (things you own)........... 0

Total Secured debt...................... -0

Total Unsecured debt.................... -9,400

Net Assets.............................. -9,400

[/tt]
not sure what the above means other than I am showing a deficit and have no monies left to pay any debts which is a big big worry and feel desperate

dontknowwhattodo_3

br]
Unsecured Debts

Description....................Debt......Monthly.. .APR

RBS loan.......................1800......48........0

abbey overdraft................1000......0.........4

halifax overdraft..............700.......0.........4

capital one....................1300......30........29

RBS............................600.......7........ .26

halifax........................1500......20....... .26

abbey..........................600.......10....... .23

monument.......................1900......20....... .19

Total unsecured debts..........9400......135.......-

the above unsecured debts should have also included debt to Egg Card for 6500.00 and Tesco Credit Card for 5000 which makes it look even worse - is there any point in carrying on with all this debt - I can't cope any longer with the worry

Deep_In_Debt

Hi dontknowwhattodo.
Just wanted to say welcome - you are in the right place for all the help and support you need. If it's any consolation, I'm on my own with a mortgage and 27k of debts so I do know how you feel. It really is a struggle at times; sometimes it feels like trying to "push water up hill". It does get easier, believe me. I've had a lot of support from the good peeps on this forum.

I'm on a dmp with the CCCS and it's the best thing I've done. I now have a reasonable standard of living which I didn't before and can eat properly, which I didn't before.

Good luck and keep posting. We are all here to help.

Happytogetdebtfree

dont give up keep your head high we can all get through this just tackle one thing at a time each small step soon makes a big difference xxx welcome to the boards xx