*mbs1's* Diary..Updated SOA attached

mbs1

Anyone...?

mbs1

Not much to add.

Still no DMP setup.....god this is taking ages!

More phone calls

But now 3 days till C-section day

And i have made £297.20 in the "Summer Sizzler" already!

Hoping for a NSD today aswell

mbs1

2 days to go!!!!!!

mbs1

Updated SOA:

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1762
Partners monthly income after tax....... 0
Benefits................................ 130
Other income............................ 0
Total monthly income.................... 1892
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 575
Management charge (leasehold property).. 0
Council tax............................. 109
Electricity............................. 35
Gas..................................... 80 - on a meter!
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 15
Mobile phone............................ 60 - 2 contracts 1 finishes March
TV Licence.............................. 11
Satellite/Cable TV...................... 20
Internet Services....................... 17 Stuck with till Feb
Groceries etc. ......................... 200
Clothing................................ 30
Petrol/diesel........................... 120
Road tax................................ 12
Car Insurance........................... 30
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 80
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20
Entertainment........................... 40
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 1569

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1500
Other assets............................ 0
Total Assets............................ 1500

No Secured Debt
Unsecured Debts
Description....................Debt......Monthly...APR
DMP............................34471.....303.......0
Total unsecured debts..........34471.....303.......-

Monthly Budget Summary
Total monthly income.................... 1,892
Expenses (including secured debts)...... 1,569
Available for debt repayments........... 323
Monthly UNsecured debt repayments....... 303
Amount left after debt repayments....... 20

Personal Balance Sheet Summary
Total assets (things you own)........... 1,500
Total Secured debt...................... -0
Total Unsecured debt.................... -34,471
Net Assets.............................. -32,971
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.


Some of the amounts are generous.

My DMP should be starting in Feb, im hoping to increase payments and be able to pay one off large payments with the small amount of overtime that i do get...

mbs1

Yay.

NSD yesterday!

Rabbit-in-headlights

mbs1 wrote: »

Morning all.

Just a "Happy New Year" from me.

Lets make 2009 a good one.

More phonecalls from HSBC... A&L have understood as have AA.

Just HSBC being T**ts.

One a good note, As ive not paid any loans/Cards for 1 month, Jan will be the second month. i have enough cash to pay off 1 of the creditors in full. and another 1 nearly full.

Is this a good idea to do so soon or should i wait until the DMP has started for a few months?

Anyone?

Hi mbs,

I think it's pretty much a personal choice whether to pay one or two smaller creditors off before the DMP starts. I think if you decided to go bankrupt the OR might ask why some creditors were given preferential treatment but it shouldn't matter for a DMP.

If you were thinking of making f&f offers to them in a few months, it probably depends whether the amount of money you might save is worth it compared to the feeling of getting rid right now, iykwim?

If it makes you feel better to reduce the number of creditors, go for it. It's a new year!:D

rabbit

mbs1

Rang up CCCS, my DMP will more than likely start in Feb.

If i get any more hassle from HSBC, ill give them a token £5.

All my other creditors seem happy with the situation so far.

Decided to save up the cash and wait until a few months have passed being on a DMP and see how things are fairing...

Thanks for your input/advice

mbs1

Well.......

Coby was born wednesday morning 7/1/09 via C-section at 09:55 weighing 8lb, even tho he was 3 weeks early!!!

Mum and baby are doing fine, all home now

Also the DMP is finally up and running.

Oh joy!!!!!!!!!!!

Rabbit-in-headlights

Congratulations mbs1!:dance: :dance: :dance: :hello: :j _party_ :beer: :rotfl: :rotfl: :rotfl: :T

All the best for 2009, what a perfect start!!


rabbit

mum2one

Congratulations on the safe arrival of Coby, hope mum and baby doing ok.

Glad u got the dmp sorted out ok, I dont know if you are still getting hassle from HSBC, but on here somewhere is a template letter that you send, with the correct terms etc, so the companies concerned can not ring you.

Good start for 2009 xx