Help. Advice needed re: Cars

maxmycardagain

who does your OH get a car allowance off?

maxmycardagain

well for a start, going BR wipes all unsecured debts so these willbe gone, adding the total (£3242) to "surplus"

Unsecured Debts
Description....................Debt......Monthly.. .APR
cc.............................6500......248...... .0
cc.............................5278......300...... .0
cc.............................6200......200...... .0
PG for business................10500.....465.......0
PG for business................35000.....515.......0
cc.............................9300......0........ .0
cc.............................4200......0........ .0
cc.............................7700......200...... .0
cc.............................12000.....350...... .0
cars...........................27000.....764...... .0
cc.............................1472......200...... .0
Total unsecured debts..........125150....3242......-

In_Deep_2

Before anyone says thats alot going out bear in mind we had a net income of 120k between us so it was affordable. My husbands new job is 66k PA with 6300 car allowance.

In_Deep_2

maxmycardagain wrote: »

who does your OH get a car allowance off?

It will start in January when he starts work, he has accepted the position now.

maxmycardagain

with reference to the "PG's"

as they are either UNsecured - hence wiped by BR or SECURED on the property and in line for payment AFTER THE LENDER IS PAID i suspect they arent an issue

deedee_3

In Deep is your SOA for 2 adults and 1 child?

In_Deep_2

philnicandamy wrote: »

didnt you mention a son & school runs? as well as a son living away as well at the beginning of the post

Yes but have just put in petrol for the moment because there is no bus route to school so I have no idea of how much it would cost by taxi twice a day 5 days a week probalby £10/£12 a day.

I also have a son who has lerning difficulties and I have to do his shopping, washing and housework as well as take him for any specialist appointments. (when I can get him to go!)

philnicandamy

It helps to know how many people are living with you thats why deedee asked if it was an SOA for 2 adults and one child

deedee_3

OK will go and have a look at your SOA.

In_Deep_2

maxmycardagain wrote: »

with reference to the "PG's"

as they are either UNsecured - hence wiped by BR or SECURED on the property and in line for payment AFTER THE LENDER IS PAID i suspect they arent an issue

I would say they are secured after all other avenues are exhausted. But they have our book debts first but there won't be much of that left then assests, well we don't have any company assets except a 5 year old photo copier and a couple of computers we bought for £500 a couple of years ago. I think maybe they should have gone into the secured box actually because ultimately they will come ofter us for the money.