i feel like crying!!!!

Nargleblast

It sounds like you would be better off seeing if one of the agencies you contacted will help you sort out a debt management plan (DMP) for the time being - I'm no expert but I am sure a DMP would be fairly quick to get up and running, and you can always consider other options like IVAs a few months down the line when things have calmed down a bit. It also means the agency would do the hard graft of working out pro-rata payments, and would give you a sample letter to send to all your creditors with an initial token amount to tide them over before the DMP kicks in. The agency would also be there to give you advice on dealing with the inevitable stroppy phone calls and letters. Don't try and do it all yourself - there's help out there, grab it. And happy birthday for tomorrow - you do have cause to celebrate because you are now starting to take control of your situation.

homealone_2

thanks everyone, i never feel lost with no family to talk too when i can get this much support from you all. for those that asked here is my latest soa

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
Petrol/diesel........................... 30
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 been told to add £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
Haircuts................................ 18
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 50
rent arrears............................ 40
pocket money 17yr old son............... 50
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

poorandindenial

I am just popping in a link to your other thread...

http://forums.moneysavingexpert.com/showthread.html?t=1491455

so that people can see everything in one place to save you from rehashing stuff

Forris

homealone wrote: »

thanks everyone, i never feel lost with no family to talk too when i can get this much support from you all. for those that asked here is my latest soa

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 These look a bit high. Are you in arrears?
Gas..................................... 42 Check for better prices, don't forget cashback!
Oil..................................... 0
Water rates............................. 28
Telephone (land line)................... 28
Mobile phone............................ 25
TV Licence.............................. 12
Satellite/Cable TV...................... 42 There are much cheaper all-in deals than this. £70 is a lot. We pay half that.
Internet Services....................... 0
Groceries etc. ......................... 350 Massive for 2 people! Check out Old Style board for ideas. Have a good look at what you buy, and what you throw away!
Clothing................................ 50
Petrol/diesel........................... 30
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 been told to add £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 A luxury you can't afford, I'm afraid.
Haircuts................................ 18
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 50 See 'Presents'
rent arrears............................ 40
pocket money 17yr old son............... 50 Does he understand your position? I'm sure if you had a chat, he would be happy to do his bit.
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

Hope I haven't come across as too harsh. I have every sympathy with your position, but you've made a big step with your SOA and you need to focus on some small victories to help you get through the financial stuff.

gratefulforhelp_2

God bless, you will be ok. My ex did a flit when DD 3 months old and on maternity leave no pay. You will get through AND be happier and better off.

Stick with it.

homealone_2

thanks everyone for your thoughts on soa. i have already made tracks into cutting down on things, was bad time for him to leave right on top of christmas and clearing the account before he went so alot of things were in arrears including gas and electricity so having to start in a minus position with most things. am hoping in 30 minutes time i will not just be a year older but a year wiser too. on thursday i will get back to the number crunching and see just what i can make out of this mess. i think i deserve a day off especially on my birthday. i will grab the best looking budget i have been given and will send a begging letter to everyone to try and get interest stopped/frozen and offer a pro rata figure and take it from there. i am right in thinking that i can use any agencies budget and any agencies letters but still have no other contact with them, but to do it myself??? or if i use their budgets/letters do i then need to go on a dmp with that agency??

poorandindenial

You are fine to use the documentation from the agencies and then do it yourself, just make it clear you are doing it youself and that they have to deal with you (ie remove any reference to them as running the DMP)

Happy birthday for a minutes time

Check the national debtline website for template letters

roomontheend

Well let me start by wishing you a happy birthday. Have you tried snowballing at whatsthecost, I personally found it very useful it actually showed me that there was light at the end of the tunnel.

tealady

Hi I don't know if this will help but try having a declutter and put your old junk (sorry preloved momentoes) on ebay, Amazon, Green Metropolis or whereever. It might bring in a few pennies to help the budget.
Daily clicks could be a small way to help (theres a link somewhere)
The old style board is a goldmine for cutting the budget but watch it as there is so much useful and interesting stuff you could loose half a day in there.
Hope this helps.

SmellyOldSock

Happy Birthday, I hope today is brighter than yesterday.

best wishes and hugs
charlotte