help wanted to make a decision DMP or not

anyhelptaken

Household Information[/b]
Number of adults in household........... 3
Number of children in household.........
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1500
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 160
Total monthly income.................... 1660

Monthly Expense Details
Mortgage................................ 729
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 0
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 48
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 777


Assets
Cash.................................... 0
House value (Gross)..................... 190000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 190000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 151000...(729)......6.75
Total secured & HP debts...... 151000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
all & leics ...................4500......149.......30
amazon.........................7900......138.......20
barclays ......................200.......190.......17
lloyds personal loan...........4900......103.......0
virgin.........................4600......121.......30.35
post office....................2123......54........18.32
next...........................1500......160.......0
mint ..........................2900......66........14
lloyds over draft .............3500......0.........0
lloyds.........................3400......70........14.4
hsbc...........................939.......25........19.9
cahoot.........................3000......75........0
Total unsecured debts..........39462.....1151......-


Monthly Budget Summary
Total monthly income.................... 1,500
Expenses (including HP & secured debts). 777
Available for debt repayments........... 723
Monthly UNsecured debt repayments....... 1,151
Amount short for making debt repayments. -428

Personal Balance Sheet Summary
Total assets (things you own)........... 190,000
Total HP & Secured debt................. -151,000
Total Unsecured debt.................... -39,462
Net Assets.............................. -462

[/tt]#

i also make a payment for my sister for £254.00 for a loan she took out for me

i ahve been on to CCCs and they have advised me to take a low start dmp with a 15 year completion.
before i do this can any body help

I an my sister have the mortgage between us and it is shown as my half on here,.

The mortgae payment is set in to the account one the mortage but three subsections
main mortgage £150149.17

Sub account 1 £14573.29 out standing payment 295.25 this is over 4 years 10 months
sub account 2 4884.27 o/s payment ( i pay half my sister the other 17.86) 4 years and 10 motnhs
sub accoutn 3 115983.91 0/s payment £415.61 22 years 10 motnhs

my sister also has a sub account for £14573.29

to make the total of £150149.17

We dont pay the rates, water or electricity, as my mum wants to pay thee to be part of things.

Trying to make a decision is hard but i want to do the right thing bankruptcy is not an option.

~Beanie~

If anything, your budget seems to be missing a lot of things which will make the figures worse.

Who pays for food? You have 2 cars mentioned but have included nothing for petrol / MOT / Tax / car insurance / maintenance.

You have also included nothing for clothing, haircuts, buildings/contents insurenace, presents etc.

anyhelptaken

Food is bought by my mother

I ahve a prt time job that pays £40 per week which i pay petrol out of

1 car is mone one car my sisters

house insurance paid by mother.

to many clothes is part of the problem!!

my haidresser cost £6.00 every 6 weeks

Burlesque_Babe

you need to factor in presents, holidays, entertainment.

anyhelptaken

how do i alter my soa