OK Here Goes!!

dottyanne

Hi, i came on yesterday - im quite a newbie and got lost of debts - the probem is me n OH self-employed and whilst i can take a wage for him - mine is very variable, a few ppl suggested i write down my debts, starting with personal and deal with business debts later. I think that if i got my personal debt sorted then there wouldnt be as much pressure for me to take as much from the business and there wouldnt be a problem paying the business bills??

ok

Egg Loan - current balance - 20372.51 7.7% pay 361.80 per month (up to date)
Egg Card - bal - 899.42 pay £40 per month (up to date)
CARS - debt recvoery for mobile - bal - £93.71
DSS - OH - o/s 3630.64 - paying at £10 per month
Capital One - OH - 1014.65 (in arrears!) 17.9%
Barclaycard - OH - 858.24 (in arrears!) 19.9%
Robinson Way Debt Collectors - OH - 668.52 - £20 per month - up to date
Great Universal - 651.83 - just acccepted £30 per month
Barclaycard - 300.00 - 29.9%
Capital One - 290.00 - 17.9%
RBS Loan - pay 61.30 month - paid off this august
ALSO 4000.00 O/D at Royal Bank of Scotland!!!!
Car Loan - 37.19 (got about 18 months left)

Think thats it ??

All these on top of my monthly spends on mortgage, council tax, food etc!!! then business debts on top - god help me??

Help - any ideas??

Chortle_2

Not a lot we can do without knowing your income and monthly expenditure.

I know from your thread last night that you do not have a regular income from your business, but we'd need at least a breakdown of your income from benefits/cleaning/dad staying with you, and a list of monthly expenditure - including stuff like Christmas/birthdays/one-offs - then we might have some ideas

dottyanne

Ok - Income wise

weekly

Tax Credit - 178.57
Dad - 80.00
Child Benefit - 37.50
my second Cleaning job - £50.00
Maintenance - my ex should pay £25.00 per week but is always missing weeks!
OH income- 146.00

So before my income roughly - £2240.65 pcm

Then my income - i seem to take out just enought to get by but at the end of the month have to struggle like hell justto pay mortgage etc..


Outgoings -

All debts listed above and their minimum payments ( but alos behind with some)

Also,

Mortgage - 774.50
GE MONEY SERVCING £208.92
UNITED UTIL PLC £49.82
TV LICENCE £11.07
POWERGEN £120.00
SKY DIGITAL £42.50
DIRECT LINE INS £36.36
EGG BANKING PLC £361.80
PAYMENT 2 EGG CARD £40.00
RBS PERSONAL LOAN £61.39
DIRECT LINE LIFE £20.05
COUNCIL TAX - 98.00



Then of course food, phone, kids lunch money - the list is endless?

Then my income - i seem to take out just enought to get by but at the end of the month have to struggle like hell justto pay mortgage etc..

daisykate124

Why dont you get a freeview box you would save £42.00 per month We did and dont miss sky one bit!

You have made a step in the right direction, WELL DONE

dottyanne

Yep i have been thinking about this- alos we have a van for the business and its for sale so i will have some money left over from that once its sold, this can at least go towards paying the business debts of and getting me back on track in that area at least.

Any advice - from anyone would be very welcome!!!!!!!

daisykate124

if i was you i would concentrate on getting those debts you have with high APR down try getting a 0% intrest credit card and balance transfer and or a cheeper loan APR.


I think you have to give sky 30 days notice to terminate your contract


im sure someone more knowledgeable will be along soon

tigerlily

Hiya, it's difficult to give an answer as there are chunks missing e.g. electricity, food, gas, water......

My obs on what you have listed so far would be a huge????? to a sky bill of £42.50, the basic package is £15 and I would class that as a luxury (thats the package I have as its the only way to get a tv picture where I live but will be switching to freesat v.v.soon!!)

Chortle_2

According to that list, your outgoings p/month are £1824.41 - which should mean you have over £400 left each month.

Does that list of outgoings include ALL your debt repayments? Food? Contents/buildings insurance? Car MOT/Servicing/Petrol? Water? Electricity? Gas? Christmas?

We need to know what you're exact circumstances are, otherwise we really can't advise. At the moment, with the info you've given us so far, it looks like you should have plenty of money!

To make it easier for us to read it, could you show:

Income (including total)

Expenditure (everything - with subtotal)

Debt (totals, minimum repayments, APRs)

Sorry, I know it seems like a lot of info to provide, but its impossible to see where you are with the list as it is

D&DD

Hi Dotty gotta whizz off in a mo put the boys to bed well done on getting your bits sorted for us.
Is powergen your usual bill :eek: or is this backpayments on top?
If getting 0% deals i out of the question theres a thing called the credit card shuffle you can try also..shuffle the higher apr debts onto the cards with lower aprs..
Can you get the kids to take packed lunches?

dottyanne

Chortle wrote:

According to that list, your outgoings p/month are £1824.41 - which should mean you have over £400 left each month.

Does that list of outgoings include ALL your debt repayments? Food? Contents/buildings insurance? Car MOT/Servicing/Petrol? Water? Electricity? Gas? Christmas?

We need to know what you're exact circumstances are, otherwise we really can't advise. At the moment, with the info you've given us so far, it looks like you should have plenty of money!

To make it easier for us to read it, could you show:

Income (including total)

Expenditure (everything - with subtotal)

Debt (totals, minimum repayments, APRs)

Sorry, I know it seems like a lot of info to provide, but its impossible to see where you are with the list as it is

Hi the £50 per week cleaning, i have only been getting for 2 weeks, im behind on a few payments on cards etc so im trying to play catch up without missing any more payments.

The list of expenses should have included £104.00 school dinners

also, not taken into account food? etc

My car fuel, insurance etc are taken out of the business but like i said im having trouble there too as im straining the business trying to pay all my monthly outgoings. im more confused than anything?

dottyanne

daisykate124 wrote:

if i was you i would concentrate on getting those debts you have with high APR down try getting a 0% intrest credit card and balance transfer and or a cheeper loan APR.


I think you have to give sky 30 days notice to terminate your contract


im sure someone more knowledgeable will be along soon

Hi, thanks for the advice, prob cancel sky asap as done on here! Also got a crap credit score and have already applied for a 0% c/c but been knocked back??