newbie needing support

Nargleblast

Hello spookey and welcome. Perhaps one of the techno whizzkid DFWs could shift this to a thread of its own so we can give it individual attention?

Merlinexcalibur

Just jumping on the bandwagon, as I'm new to these forums, and not quite sure how it all works;

Quite easy. There's a button top of this forum says 'New Thread'. Always better starting your own, not barging in on someone elses. Just confuses it for everyone and the OP let alone yourself.

spookytookey

Aha - will havew a go at a new thread then - thanks

wolfbane

here's SOA, included a few little footnotes because i couldn't help myself

Household Information[/b]
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 300
Other income............................ 0
Total monthly income.................... 300
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 168.....after housing benefit of £53 per week

Management charge (leasehold property).. 0
Council tax............................. 30.....council tax is basically a guess because im yet to recieve the revised amount (iv already had enough to repaper my house)

Electricity............................. 50
Gas..................................... 40
Oil..................................... 0
Water rates............................. 23
Telephone (land line)................... 0
Mobile phone............................ 10
TV Licence.............................. 27
Satellite/Cable TV...................... 18
Internet Services....................... 30...they supposed to taking off £5
Groceries etc. ......................... 100.......food is high for a single person but im including pet food which is over half that ammount

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).... 7.1
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 503.1

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Lloyds duo cc..................2557......30........2.075%
ulster bank cc.................1000......50........1.873%
Total unsecured debts..........3557......80........- [/b]

Monthly Budget Summary
Total monthly income.................... 300
Expenses (including HP & secured debts). 503.1
Available for debt repayments........... -203.1
Monthly UNsecured debt repayments....... 80
Amount short for making debt repayments. -283.1
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -3,557
Net Assets.............................. -3,557

i have a further commitment of £30 per week that doesn't come under any catagory but there isn't an 'other' section

things like clothes and stuff i haven't the first clue on really but that i can do without for now anyway because im hardly in rags

unfortunatly i am a smoker but iv always had cheap bacca so i spend maybe £10 a week

i should maybe add also that min payments on cc are based on what i was previously oblidged to (i was paying more than min payment) but due to being unable to pay they have rocketted already despite me contacting them

scaredy_cat

wolfbane wrote: »

here's SOA, included a few little footnotes because i couldn't help myself

Household Information[/b]
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 300
Other income............................ 0
Total monthly income.................... 300
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 168.....after housing benefit of £53 per week

Management charge (leasehold property).. 0
Council tax............................. 30.....council tax is basically a guess because im yet to recieve the revised amount (iv already had enough to repaper my house)

Electricity............................. 50 - this is high - can you check comparison sites to see if you can switch to cheaper, maybe jiont with gas
Gas..................................... 40
Oil..................................... 0
Water rates............................. 23
Telephone (land line)................... 0
Mobile phone............................ 10
TV Licence.............................. 27 - this is high, can you pay monthly at £12
Satellite/Cable TV...................... 18
Internet Services....................... 30...they supposed to taking off £5
Groceries etc. ......................... 100.......food is high for a single person but im including pet food which is over half that ammount

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).... 7.1
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 503.1

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Lloyds duo cc..................2557......30........2.075%
ulster bank cc.................1000......50........1.873%
Total unsecured debts..........3557......80........- [/b]

Monthly Budget Summary
Total monthly income.................... 300
Expenses (including HP & secured debts). 503.1
Available for debt repayments........... -203.1
Monthly UNsecured debt repayments....... 80
Amount short for making debt repayments. -283.1
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -3,557
Net Assets.............................. -3,557

i have a further commitment of £30 per week that doesn't come under any catagory but there isn't an 'other' section

things like clothes and stuff i haven't the first clue on really but that i can do without for now anyway because im hardly in rags

unfortunatly i am a smoker but iv always had cheap bacca so i spend maybe £10 a week

i should maybe add also that min payments on cc are based on what i was previously oblidged to (i was paying more than min payment) but due to being unable to pay they have rocketted already despite me contacting them

http://www.nationaldebtline.co.uk/

have a look on the National Debt Line site, they have template letters you can send to the cc compaines asking them to accept a token or no payment as you are out of work. It also asked them to freeze the interest.

wolfbane

thanks scaredy_cat
don't know where i got 27 for tv license from (need more coffee lol), i am actually paying £11.95 per month

the reason for my massive electric bills is due to the large collection of reptiles me and my partner had and they have been left in my care now she's gone

i have already written to cc explaining my situation and requesting that they freeze the cards and that we come to some sort of arrangement - however they don't seem to be taking much notice so im putting together another letter to send

RAS

Wolfie

Your situation is not sustainable.

Any way you can get a house share, go back to the folks for a bit. At least until you are over 25. Sorry but the current regs on younger adults are punative - thanks maggie.

rachelkate

Hi, i'm looking for a bit of advice if someone can help. I've been given the wonderful task of helping the mother in law with her problems. Can't do IVA - not enough spare cash so have been advised to do reduced mortgage payments and pay £1 to creditors for the time being. The house is up for sale and will be approx £10k in negative equity with the penalty of the mortgage. My question is... how can we cancel the direct debits? She went in to her bank yesterday - Hal - and was told she could not cancel them - it's up to the creditor. The letters were sent yesterday advising the change in payments but they can still take the full amount if they have the DD's?I hope i'm right in the last bit. We are taking the mortgage don from 750 per month to 300 and by the way hal have said unless the mortgage company agree e're stuck. Changing bank accounts on wed but the mortgage payment goes out on the first so i want the payment changed to lower amount prior to that. Any suggestions?

wolfbane

rachelkate wrote: »

Hi, i'm looking for a bit of advice if someone can help. I've been given the wonderful task of helping the mother in law with her problems. Can't do IVA - not enough spare cash so have been advised to do reduced mortgage payments and pay £1 to creditors for the time being. The house is up for sale and will be approx £10k in negative equity with the penalty of the mortgage. My question is... how can we cancel the direct debits? She went in to her bank yesterday - Hal - and was told she could not cancel them - it's up to the creditor. The letters were sent yesterday advising the change in payments but they can still take the full amount if they have the DD's?I hope i'm right in the last bit. We are taking the mortgage don from 750 per month to 300 and by the way hal have said unless the mortgage company agree e're stuck. Changing bank accounts on wed but the mortgage payment goes out on the first so i want the payment changed to lower amount prior to that. Any suggestions?

admittedly i don't know about the rest of the stuff with the mortgage and IVA ect. but cannot understand why the bank will not let you cancel DD's. the second my partner left me without any money at all was also (surprise surprise) just before all DD's were due out of my account. i telephoned the bank rather than the creditors because i knew they wouldn't have time to cancel them from their end. the bank however could cancel them with immediate effect and did so straight away with no quibble.

Nargleblast

Just a note to move this thread back to first page so people can keep track of it. Hope advice received so far is useful. Keep posting.