Another OH with debts

ladybez

Many thanks RAS but not all the debts have been copied onto statement, I think I will have to do the rest manually!! so may take some time

RAS

ladybez wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 3
Number of children in household......... 3
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 2050
Partners monthly income after tax....... 2200
Benefits................................ 189
Other income............................ 0
Total monthly income.................... 4439
Monthly Expense Details
Mortgage................................ 300
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 45 - This is high - look to turn everything off and see what is costing you the most, then keep stuff turned off if you are not using it.
Gas..................................... 32
Oil..................................... 0
Water rates............................. 78
Telephone (land line)................... 11.5
Mobile phone............................ 75 - this is extremely high - reduce and consider going PAYG ASAP>
TV Licence.............................. 11.5
Satellite/Cable TV...................... 21 - cancel
Internet Services....................... 0
Groceries etc. ......................... 480 - wiothin the allowances that CCCS or Payplan would use but you could reduce it.
Clothing................................ 20 - sign up for www.freecycle.org for kid's stuff in particulalr. Do clothes swaps.
Petrol/diesel........................... 360 - this is massive - how far do you have to travel
Road tax................................ 10 - is this enough for two cars?
Car Insurance........................... 45
Car maintenance (including MOT)......... 10 ditto
Car parking............................. 27
Other travel............................ 28
Childcare/nursery....................... 240 - when can they go on the free sessions for 3 year olds?
Other child related expenses............ 100 - what is this?
Medical (prescriptions, dentist etc).... 21
Pet insurance/vet bills................. 0
Buildings insurance..................... 18.72 - you should be able to get this and the contents for a lot less. Use www.quidco.com to swap and get cash-back.
Contents insurance...................... 24.48
Life assurance ......................... 54 - seems expensive - is this full life rather than term insurance?
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 10
Holiday................................. 0 - do you not take these?
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
professional subs....................... 12
Total monthly expenses.................. 2154.2

Assets
Cash.................................... 0
House value (Gross)..................... 178000
Shares and bonds........................ 1000
Car(s).................................. 8000
Other assets............................ 0
Total Assets............................ 187000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 66000....(300)......4.24
Total secured & HP debts...... 66000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
tsb............................14877.....289.......19.2
rbs............................10327.....232.......22.4
amex...........................8622......307.......25.6
egg............................8000......240.......0
rbs............................632.......25.4......0
barclaycard....................24.08.....5.........0
capital 1......................14300.....420.......14.88
loans direct...................12000.....356.1.....0
direct loans...................4000......151.......0
burtons........................1359.1....54.36.....29.9 - this would be the one to clear first unless there are balance transfer possiblities.
creation fin...................3001.2....111.8.....28.2
citibank.......................9314.59...453.......24.9

Do you know the maximium limits on the cards adn the number of outstanding payments on the loans?

ladybez

Remainder of Total Unsecurred debts £86456.97

Assets
Cash
House value £178000
Shares £1000
Car £8000
Total assets £187,000


Monthly income £4439
Monthly exp inc HP &sec £2154.20
Available for repyt £2284.66
Shortfall -£359.86


Assets £187,000
Secured debt £66,000
Unsecured debt £86456.97
net assets £34,543.03



RAS, many thanks for the comments Electric We already try to turn off everything not in use. Are currently looking at the cost of both contents and buildin insurance. Mobile phones, OH & I have one each and eldest 2 also have contract phones (we have found them cheaper than PAYG)

Diesel OH is mobile throught a large part of the N West and puts about 250.00 pm in his, the rest is mine. His tax, insurance and servicing are included in the lease so only mine are shown
Child care is for the 2 youngest to be looked after before and after school and the three youngest full time in the hols. Other child related expenses are 17.00 per week for 2 of them to have school dinners, then subs for Cubs, Guides, Rangers and for 3 of them to play hockey. Life is full life coverand yes we do take holidays, usually paid for out of child benefit. Will look for aprs, limits etc and post back.

lazy_daisy

I'm sorry I can't offer you any advice, but just want to wish you all the best sorting this out.
Have just noticed this thread has had 1,558 views - just think of all those people right behind you thinking of you and willing you to do well!

ladybez

Sorry for being a pain, hit the wrong key
Tsbcc limit £14700 Apr 19.2
Rbs limit £10000 Apr 22.4
Amex limit £8400 Apr 25.6
Capital 1 limit £14000 1.488 pm
burtons limit £2000 apr 29.9
creation fin limit £3500 apr 28.2
citibank limit £9000 apr 24.9
these plus the two loans are in oh name, in arrears and over balance, have not been able to find details about his loans

Egg Limit £10000 int 1.3%pm
Rbs limit £6,800 int 1.45 %pm
barclaycard limit £5200 int 1.45%pm
These are in my name and up to date without any problems.

RAS

ladybez wrote: »

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 66000....(300)......4.24
Total secured & HP debts...... 66000.....-.........-

Unsecured Debts

His debts

Description....................Debt......Monthly...APR
tsb............................14877.....289.......19.2 limit £14,700 - over limit
rbs............................10327.....232.......22.4 limit £10000 - over limit
amex...........................8622......307.......25.6 limit £8400 - over limit
capital 1......................14300.....420.......19.28% - limit £14000 - over limit
loans direct...................12000.....356.1.....0
direct loans...................4000......151.......0
burtons........................1359.1....54.36.....29.9 l- this would be the one to clear first unless there are balance transfer possiblities.
creation fin...................3001.2....111.8.....28.2 limit £3500 apr 28.2
citibank.......................9314.59...453.......24.9 limit £9000 - over limit

these plus the two loans are in oh name, in arrears and over balance, have not been able to find details about his loans

My debts
egg............................8000......240.......0 limit £10000 int 1.3%pm or 16.77%
rbs............................632.......25.4......0 limit £6,800 int 1.45 %pm or 18.86%
barclaycard....................24.08.....5.........0 limit £5200 int 1.45%pm 0r 18.86%

These are in my name and up to date without any problems.

Total debt £86456.97

Assets
Cash
House value £178000
Shares £1000
Car £8000
Total assets £187,000


Monthly income £4439
Monthly exp inc HP &sec £2154.20
Available for repyt £2284.66
Shortfall -£359.86


Assets £187,000
Secured debt £66,000
Unsecured debt £86456.97
net assets £34,543.03

Do you have any joint bank accounts?

Or separate ones?

First thing for you to do is to pay off that barclay card and then see if you can get a balance transfer at 6.9%?

is the Cap 1 debt at 14.88 % per annum or 1.488% per month

Forris

Hi, just wanted to add my support.

Does your OH know yet that you have been through his mail, or are you still trying to do things 'on the quiet'? While this may seem like a safe way to go, if and when he finds out his reaction could go either way.

Please be careful. Take care of yourself and the kids first.

ladybez

Forris, no he doesnt know I have been thru his stuff, but having been asking for this info since last Sept. felt justified in doing it. At least I know where I stand now and I am trying to be careful.

clearing_out_my_pockets

Just popped by to give you a hug - can't imagine the stress you're under. I have an ex who had debts (from gambling, alcohol and drugs) although his was a fairly low amount. I'd be very reluctant about helping him too much.

Have you checked your credit file recently?

RAS

Hi added questions to previous post.