Cheesed off and confused

mike1966_2

Hi all, i'm feeling cheesed off with this, and demoralized as numbers just go over my head, the only numbers i understand are the ones on a tape measure.

You will see i've included the HP car on here, I've been in touch with the finance co, and explained the situation with them and they have agreed verbally not to repo the car.

Could you all please take a look, and if you comment on something can you spell it out to me, as me and numbers don't get on well.

This is just my SOA, as my wife will go BR later.

Also if by some miracle this is right could i use it as my SOA for BR and the OR.

Many thanks Mike

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 4 Female 14 years, Male 11 years, Male 9 years and male 6 years
Number of cars owned.................... 2 1 car Value £2225 1 Van value £400

Monthly Income Details
Monthly income after tax................ 720
Partners monthly income after tax....... 180
Benefits................................ 1144 £949 Family Tax/£195 working tax
Other income............................ 0
Total monthly income.................... 2044

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 125
Rent.................................... 272
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 108 with arrears
Gas..................................... 86 with arrears
Oil..................................... 0
Water rates............................. 36
Telephone (land line)................... 45
Mobile phone............................ 20 Needed for self employement
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 30 needed for self employement
Groceries etc. ......................... 650
Clothing................................ 160
Petrol/diesel........................... 260 Car & Van
Road tax................................ 34 Car and van
Car Insurance........................... 73 car and van
Car maintenance (including MOT)......... 60 car and van
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 136 school meals for 3 and after school activities
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 10
Presents (birthday, christmas etc)...... 0
Haircuts................................ 40
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 0
Total monthly expenses.................. 2207


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2625
Other assets............................ 0
Total Assets............................ 2625

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Visa...........................1030......32........0
ccj............................1800......250.......0
provident......................1279......124.......0
house repo shortfall...........18000.....0.........0
unofficial overdraft...........850.......0.........0
buy as you view................2194......60........0
greenwood credit...............172.......32........0
s and u credit.................499.......32........0
Total unsecured debts..........25824.....530.......-


Monthly Budget Summary
Total monthly income.................... 2,044
Expenses (including HP & secured debts). 2,207
Available for debt repayments........... -163
Monthly UNsecured debt repayments....... 530
Amount short for making debt repayments. -693

Personal Balance Sheet Summary
Total assets (things you own)........... 2,625
Total HP & Secured debt................. -0
Total Unsecured debt.................... -25,824
Net Assets.............................. -23,199

spenderblender

Hi Mike. I won't answer your question about your SOA as better people on here will do that for you but, can I just ask who you have your car with on finance please?

fiveyearplan

The SOA looks fine to me but I don't think you can put in arrears for utilities. The things you need for self employment could be taken off your soa and your income decreased by same. That way if they weren't allowed on your SOA (phone (incl mobile should be no more than £60 so if you took off mobile you'd be fine same with internet - you don't have to haggle if OR says its not allowed).

mike1966_2

Hi spender, the finance is with "family finance"

mike1966_2

fiveyearplan wrote: »

The SOA looks fine to me but I don't think you can put in arrears for utilities. The things you need for self employment could be taken off your soa and your income decreased by same. That way if they weren't allowed on your SOA (phone (incl mobile should be no more than £60 so if you took off mobile you'd be fine same with internet - you don't have to haggle if OR says its not allowed).

Hi FYP, Right o, so can i use this as my final SOA, any comments anyone else!.

Am i flapping to much do you think?

Mike

jenni75

looks fine to me Mike. Good news they are not going to repo the car.
Jen

mike1966_2

thanks jen i just got to convince the OR now

I had the money saved up for BR, and i've been dithering around you know, what if this, what if that, and so on. Not much work this week, and i,ve started to spend a little of it.

It sort of feels like the more i know, the more questions i need answered and i get frustrated by it.

HSBC on the phone now everyday, sometimes twice a day. when they phone i decline to give my DOB, and say i only what to communicate via letter or email.

It feels like i'm living on borrowed time at the mo, and the sooner i get this done the better.

Thank you all very much for your support, you are a great group of people

Mike

spenderblender

Hi Mike I am with Ford and not sure what they will do just hoping for a glimmer of hope that they will go easy.
Good luck and hope all goes ok for you.

mike1966_2

hi spender, i wrote a letter to them stating what i am gunna do re BR, and a chap phoned and said "thanks very much for getting in touch, i wish more people where like you" and started to give me advice about what i should say to the OR about keeping it.

mike1966_2

I hope it goes well for you to, but i've a feeling i'm not out of the wood yet with the car

dalip

mike1966 wrote: »

Hi all, i'm feeling cheesed off with this, and demoralized as numbers just go over my head, the only numbers i understand are the ones on a tape measure.

You will see i've included the HP car on here, I've been in touch with the finance co, and explained the situation with them and they have agreed verbally not to repo the car.

Could you all please take a look, and if you comment on something can you spell it out to me, as me and numbers don't get on well.

This is just my SOA, as my wife will go BR later.

Also if by some miracle this is right could i use it as my SOA for BR and the OR.

Many thanks Mike

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 4 Female 14 years, Male 11 years, Male 9 years and male 6 years
Number of cars owned.................... 2 1 car Value £2225 1 Van value £400

Monthly Income Details
Monthly income after tax................ 720
Partners monthly income after tax....... 180
Benefits................................ 1144 £949 Family Tax/£195 working tax
Other income............................ 0
Total monthly income.................... 2044

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 125
Rent.................................... 272
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 108 with arrearsNeed to put figures as the are without arrears as they will be included in your bc if in your name
Gas..................................... 86 with arrearsditto
Oil..................................... 0
Water rates............................. 36
Telephone (land line)................... 45
Mobile phone............................ 20 Needed for self employement
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 30 needed for self employement
Groceries etc. ......................... 650
Clothing................................ 160
Petrol/diesel........................... 260 Car & Van
Road tax................................ 34 Car and van
Car Insurance........................... 73 car and van
Car maintenance (including MOT)......... 60 car and van
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 136 school meals for 3 and after school activitiesbreak this down into two sperate things
Medical (prescriptions, dentist etc).... 0?
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 15£20
Life assurance ......................... 0
Other insurance......................... 10
Presents (birthday, christmas etc)...... 0
Haircuts................................ 40
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 0
Total monthly expenses.................. 2207


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2625
Other assets............................ 0
Total Assets............................ 2625

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Visa...........................1030......32........0
ccj............................1800......250.......0
provident......................1279......124.......0
house repo shortfall...........18000.....0.........0
unofficial overdraft...........850.......0.........0
buy as you view................2194......60........0
greenwood credit...............172.......32........0
s and u credit.................499.......32........0
Total unsecured debts..........25824.....530.......-


Monthly Budget Summary
Total monthly income.................... 2,044
Expenses (including HP & secured debts). 2,207
Available for debt repayments........... -163
Monthly UNsecured debt repayments....... 530
Amount short for making debt repayments. -693

Personal Balance Sheet Summary
Total assets (things you own)........... 2,625
Total HP & Secured debt................. -0
Total Unsecured debt.................... -25,824
Net Assets.............................. -23,199

Added a couple of things but the rest looks fine Dx