Should I ring my cardand loan companies?

tobyd10

Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 800
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 800

Monthly Expense Details
Mortgage................................ 330
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 70
Electricity............................. 20
Gas..................................... 35
Oil..................................... 0
Water rates............................. 25
Telephone (land line)................... 24
Mobile phone............................ 20
TV Licence.............................. 6
Satellite/Cable TV...................... 16
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 150
Road tax................................ 18
Car Insurance........................... 45
Car maintenance (including MOT)......... 30
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 55
Buildings insurance..................... 25
Contents insurance...................... 10
Life assurance ......................... 30
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 919


Assets
Cash.................................... 0
House value (Gross)..................... 160000
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 161000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 137000...(330)......6
Total secured & HP debts...... 137000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
halifax card...................11500.....130.......0
mbna...........................8000......160.......0
Barclaycard....................4500......100.......0
Egg............................7700......227.......0
Virgin.........................5000......100.......0
Capital One....................1900......55........0
Paypal card....................1900......55........0
Total unsecured debts..........40500.....827.......-


Monthly Budget Summary
Total monthly income.................... 800
Expenses (including HP & secured debts). 919
Available for debt repayments........... -119
Monthly UNsecured debt repayments....... 827
Amount short for making debt repayments. -946

Personal Balance Sheet Summary
Total assets (things you own)........... 161,000
Total HP & Secured debt................. -137,000
Total Unsecured debt.................... -40,500
Net Assets.............................. -16,500

Created using th e SOA calculator
Reproduced on Moneysavingexpert with permission, using Firefox browser.

Gemmzie

tobyd10 wrote: »

I have direct debits paying the minimum on credit cards what should I do about them?
Thanks vvv much

Do you online bank? If so, you should be able to find out the sortcode and account number (your reference number is your plastic card's number - the long one). Then you can cancel the direct debits and set up standing orders for £1 each.
Will save you on postage and the postal orders too

tobyd10

Is it important to pay the £1?
thanks

tobyd10

Should I send the income/expenditure details at this stage or will that just scare them into doing something rash?
Thanks