enough faffing, i need to make a decision

homealone_2

Originally Posted by homealone
Household Information[/b]
Number of adults in household........... 2 have put 2 as son 18 next month
Number of children in household.........
Number of cars owned.................... car through motability so running costs
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 1658
Other income............................ 386.24
Total monthly income.................... 2044.24
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 520
Management charge (leasehold property).. 0
Council tax............................. 0 have not put council tax as dont know how much it will be but think will get full benefit for it
Electricity............................. 79
Gas..................................... 42
Oil..................................... 0
Water rates............................. 28
Telephone (land line)................... 28
Mobile phone............................ 25
TV Licence.............................. 12
Satellite/Cable TV...................... 42
Internet Services....................... 0
Groceries etc. ......................... 350
Clothing................................ 50 £70/80
Petrol/diesel........................... 30 £50
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 0 £5 per week activities. £3 per day dinner
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 25
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40 some OR's allow some do. leave and see
Haircuts................................ 18
Entertainment........................... 0
Holiday................................. 0 £50
Emergency fund.......................... 50 some allow, some don't. leave and see
rent arrears............................ 40
pocket money 17yr old son............... 50 not allowed
Total monthly expenses.................. 1459

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 7000
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 7000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR
hmrc...........................12289.....0........ .0
lloyds card....................5638.07...0.........0
halifax loan...................8940.71...0.........0
marks & spencers...............400.......0.........0
Total unsecured debts..........27267.78..0.........-

Monthly Budget Summary
Total monthly income.................... 2,044.24
Expenses (including HP & secured debts). 1,459
Available for debt repayments........... 585.24
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 585.24
Personal Balance Sheet Summary
Total assets (things you own)........... 7,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -27,267.78
Net Assets.............................. -20,267.78



have been advised to try self negotiation by national debtline who will be sending me a fact file with sample letters to end in etc. they have said that i can deduct £286 from my benefits as DLA should not be counted so that brings down disposable income by quite a bit but i know creditors and br allowances are bound to be different so could someone take a look at the latest tweaks tigerfet did and see if anything else needs adjusting. after that i need to work out what pro rata weekly payments i should offer my creditors. i will probably sell smallest shares and pay off m |& s and my other small bits and pieces which will leave 3 main creditors. if i give you total amounts owed to them and disposabled figure has been reviewed perhaps someone could advise mw what pro rata hould be offered INLAND REVENUE £12289.45 HALIFAX £8490.71 LLOYDS £5638.07 WHAT DO YOU THINK?

tigerfeet2006

If you are going to do a DMP then the creditors will want to see your SoA cut to the bone. The best bet for you is to join the DMP support thread on the DFW board and get advice from them.

http://forums.moneysavingexpert.com/showthread.html?t=1360759&highlight=DMP+support+thread

Merry_Gentry

Also, according to Marlowian (I think) DLA is counted as income now

philnicandamy

Merry_Gentry wrote: »

Also, according to Marlowian (I think) DLA is counted as income now

although IF the only source of income is benefits the DLA wont be taken into account for an IPA

homealone_2

philnicandamy wrote: »

although IF the only source of income is benefits the DLA wont be taken into account for an IPA

yes this was the exact reason i was given