Late in the day blonde moment

Charliecharge

Hi,
Just trying to work out or monthly expenditure to see what amount the OR will consider 'surplus' for IPA. We are currently paying £150/ month on credit cards (min payments, of which only £20 is off the actual balance :eek: ). Is this classed as expenditure or not ? If it is we have just £140 surplus and can prob get it under £100 (and possibly avoid IPA?) if tweak some guestimates. If not then our surplus is £300 and will prob face a substantial IPA.
Any advice appreciated.
PS. Can someone post the link where i can see the sliding scale for IPA payments please.
Many thanks

Merry_Gentry

I must admit I'm confused by your query - you won't have any credit cards if you go BR, and no debts to pay, so this wouldn't be on your income and expenditure for afterwards....

skylight

Why dont you post up your SOA here and we can take a peek. Tweek a few bits for you.

And as Merry pointed out, you will have no debt once you are BR, so debt repayments will not be in your SOA.

dalip

Check out energised thread a couple of days ago. Phil posted the scale on that.

Yes me too merry:D .

Charlie if you post your i&e sheet on here we can help and tweek if need be.Dx

Charliecharge

I suppose my query is based on a worry that when our credit card repayments are taken out of the equation we appear to have a surplus of £300/month, which seems alot but soon gets eaten up by extras here and there. At least with an IPA we will be paying towards our debts and not just interest.:T

dalip

Charlie, the allowances for after bc are far more generous than when on a DMP or even when struggling on your own. Post your income and expenditure as it is now without your debts and let us look at it for you.Dx

Merry_Gentry

http://www.makesenseofcards.com/soacalc.html

Here you go!

Charliecharge

Many thanks!
Will post I&E tomorrow as my duvet is calling.