AFRAID>>Should i send token payments to my creditors

Merlinexcalibur

but regarding the 'token payments' - I think the idea is that as long as you are payinga tiny amount

Already said that. But, like RAS said. I, everyone here has been through all this so in retrospect we mostly all know the pitfalls. Particularly right at the beginning, when you are floundering, not sure what to do, where to go and who to take advice from. What to do next. Take it from me, too, I also know the real fear behind it all - I ended up stroking as a result of the harassment I had for example. But I have some gumption about me since. But being human, I also get afraid from time to time. 'What if's. That's all I really meant TBH. I don't take sides BTW. But there really is only one way to put things where debt is concerned. I had this myself one year ago. Everyone has.

I hope any of that made sense to you. And that you will get help. Because you know what I would most like to do for people right now, going through all this? To make it stop.

SOA = statement of affairs. Essentially it's your budget income/outgoings per month. To issue to your creditors, it's what CCCS will or should have drawn up for you to send with your letters. They go by different names, I always refer to them as 'financial statements' for example.

elsie52

Statement of Affairs......SOA......its your income and expenditure. If you post it on here then we may be able to see where you could make some savings on your outgoings, thus giving you more money to pay towards your debts.

keithdonnamoneytroubles

Im very afraid what might or could happen, but with so many people willing to give there time to advse for me its fantastic, i didnt have a clue a week ago, now i can see a glimmer in the distance, I hope you are well now, im very stressed and emotional and tired, i lay awake for hours and hours wondering where we went wrong and what to do, but i have to take a deep breath and step back because i have an unborn child to think of now, im sure it must be feeling all my anxiety and stress, but hopefully we will get out of this hole asap. Thanks again. xxxx I wish anyone in this situation would get on here and take all this wondeful advice to help, like it has me.

keithdonnamoneytroubles

i will put a soa on here asap. xx

elsie52

You have done the hard part, by contacting CCCS. Its not easy on a DMP but you can afford to pay bills, buy food and pay your debts, so for us it was the way to go. Just take a look at my figures, and you can see that I was also afraid of what could happen etc. We have a long way to go, and so will you, but you can do it, and you have your baby....your future to do it for. Be STRONG and you will get out of this. Keep posting and draw strength from others who have been and are still going through this.

keithdonnamoneytroubles

Well here is the SOA

per month

take home pay £507
tax credit £87
Child benefit £48

total £642

mobile/internet £36
repairs £11
HP £155
vehicle £10
Road tax £23
Insurance £50
school meals/work meals £31
emergencies £11
Loan (family) £195

total income £642
total expense £572
Surplus £70

2 adults
1 dependant (for now)

credir card and catalogue payments £362 per month

so im - £292 short.

elsie52

I don't know anything about any benefits which you may be entitled to, but I would expect that someone will be able to point you in the right direction to check that you are claiming everything that you should be.

Would your family let you reduce your payment to them?

keithdonnamoneytroubles

No i pay my OH that for a loan he took out in his name and i have to pay it you see, confusing i know, i automatically added it to the DMP but then realised i probably couldnt do that as its not in my name its in his although there isproof i pay it......

elsie52

There is nothing on there for mortgage or rent payments...if you follow this link and post your SOA it makes easier reading https://www.makesenseofcards.com

elsie52

do you and OH have separate accounts, is it just you that is doing the DMP?

Can OH not help you out. or am I missing something.