help needed

barneydee_2

I have been on this site befor and found the help offered very good, i have changed my bank account from barclays to alliance and leicster, i am having mine and some of my OH money paid in there the problems i have that i need help with are as follows

• what do i do about the old over draft on our old account as at the moment even though we are not using it and are paying £120.00 into it a month how do we go about stopping them adding charges of £22.00 every 5 days.
• i am know paying the minimum on two cc barclay card and rbs however on both these card i have arrears bc 169.77 rbs 550.00 they are still pestering me about these amounts i did write asking if they would concider freezing intrest for 6 months but neither said they could , i must admit bc have said if i contact them they will look into it. rbs however are saying that my account is know closed and they want the whole account paid in full or it gose to det recovery. i can not call them as a beacause my darling dd2 run up a phone bill of £692.00 my phone line is bard and i only have pay as you go.
• I also have arrears on my electric which i am paying monthly,i only have arrears of £125.60 on my mortgage which will be up to date next month, and my ctax is up to date i have cut my shopping down from £150.00ish a week to £60.00 and a doing a lot of oldstyle money saving i.e. cooking from scratch, taking pack lunches to work and car booting. please can any of you kind people out there offer any advice.

Thanks
Dee

marsden_pete

think you need to post your SOA then people will be able to help more.

barneydee_2

will do just need to up date it as just got new ctax bill in.

thanks
Dee

doodledo_2

Hi Barneydee, definately post up your SOA and you will get lots more advice come your way.

I think with your overdraft they will keep charging to be honest. Have you contacted them regarding them freezing charges whilst you pay back?

barneydee_2

not yet still having a it of a head in the sand moment just wanted to know the best way to go about it.

Thanks for replying

Dee

barneydee_2

hi here is a copy of my original SOA it needs a few changes which i will try to do soon but here gose
aving Newbie


Join Date: Nov 2008
Post Count: 13
Thanked 28 Times in 5 Posts


just starting out ondebt journey
Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 849.25
Partners monthly income after tax....... 1240
Benefits................................ 115.82
Other income............................ 0
Total monthly income.................... 2205.07

Monthly Expense Details
Mortgage................................ 701.36
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 138
Electricity............................. 78
Gas..................................... 41
Oil..................................... 0
Water rates............................. 32.72
Telephone (land line)................... 0
Mobile phone............................ 85
TV Licence.............................. 11.61
Satellite/Cable TV...................... 36
Internet Services....................... 18.47
Groceries etc. ......................... 500
Clothing................................ 0
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 31.57
Car maintenance (including MOT)......... 10
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..................... 39.16
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 60
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 25
Total monthly expenses.................. 1912.89


Assets
Cash.................................... 0
House value (Gross)..................... 245000
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 245500


Secured Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 100000...(701.36)...0
Total secured debts........... 100000....-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
barclay card...................4647......104.......0
rbs............................8127.3....177...... .0
barclays o/d...................1388......0.........0
gus............................300.......0........ .0
Total unsecured debts..........14462.3...281.......-


Monthly Budget Summary
Total monthly income.................... 2,205.07
Expenses (including secured debts)...... 1,912.89
Available for debt repayments........... 292.18
Monthly UNsecured debt repayments....... 281
Amount left after debt repayments....... 11.18

Personal Balance Sheet Summary
Total assets (things you own)........... 245,500
Total Secured debt...................... -100,000
Total Unsecured debt.................... -14,462.3
Net Assets.............................. 131,037.7

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

Last edited by barneydee : 29-12-2008 at 4:18 PM.
[EMAIL="abuse@moneysavingexpert.com?subject=Reporting%20post%20http://forums.moneysavingexpert.com/showpost.html?p=17101899"][/EMAIL]

doodledo_2

Well done on posting your SOA.

Things that stick out to me are:

- mobile is this for two?? Even so its huge and can be reduced.
- £500 groceries is huge this could be halved. Check out the Oldstyle board for some ideas.


Groceries is definately an area for improvement as this would free up a large sum to throw at your debts.

barneydee_2

hi have just updated my statement of affairs any advice would be a great help, plus from this month i have been doing a little bit of overtime so should get a bit more pay but few a far between .
Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 849.25
Partners monthly income after tax....... 1240
Benefits................................ 115.82
Other income............................ 0
Total monthly income.................... 2205.07

Monthly Expense Details
Mortgage................................553.24 plus one payment of £125.60 arrears left to pay
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 141
Electricity............................. 100.00 (50.00 to account 50 00 arrears)
Gas..................................... 41
Oil..................................... 0
Water rates............................. 32.72
Telephone (land line)...................62.50 (this is a gray as i have an outstanding bill with them of £690.00 approx run up by DD2 2 mobiles so phone is completly barred)
Mobile phone............................ 65.00(25.00 dd2 phone,20.00 oh,20.00mine both payg)
TV Licence.............................. 11.61
Satellite/Cable TV...................... 36
Internet Services....................... 18.47
Groceries etc. ......................... 300.00 (have got food bill down over the last few weeks from £125.00 to £75.00)
Clothing................................ 0
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 31.57
Car maintenance (including MOT)......... 10
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..................... 39.16
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 60
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 25
Total monthly expenses................1757.87


Assets
Cash.................................... 0
House value (Gross)..................... 245000
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 245500


Secured Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 100000...(701.36)...0
Total secured debts........... 100000....-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
barclay card...................4647......104.......0
rbs............................8127.3....177...... .0
barclays o/d...................1388......0.........0
gus............................300.......0........ .0
Total unsecured debts..........14462.3...281.......-


Monthly Budget Summary
Total monthly income.................... 2,205.07
Expenses (including secured debts)...... 1757.87
Available for debt repayments...........447.20
Monthly UNsecured debt repayments....... 281
Amount left after debt repayments......166.20

Personal Balance Sheet Summary
Total assets (things you own)........... 245,500
Total Secured debt...................... -100,000
Total Unsecured debt.................... -14,462.3
Net Assets.............................. 131,037.7

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

Last edited by barneydee : Today at 2:54 PM. Reason: changes in ctax, mortgage
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Nargleblast

Just a couple of things - your presents budget amounts to £720 a year. You may have to seriously limit your spending here, just close family and friends and maybe agree maximum amounts to be spent. The old style board sometimes has ideas for low cost presents.

Also your emergency fund - you have no room for an emergency fund at present, you will just have toi deal with emergencies as and when they arise and there are often ingenious hints and tips around this site for such things.

Well done on cutting the food bill though.

barneydee_2

nargleblast yes i agree this dose need to be cut, i will try and put some of this in to a savings account for an emergency fund , when i opened my new account with A&L we opened a savings account as well.

Thanks

Dee