Our SOA, Can you take a look?

tommus

I had my OR interview yesterday and had 250 as groceries/housekeeping and 80 for clothing and that was fine and thats just for me so if you are a family then i would definitely up the amount you have for these.

philnicandamy

But remember.....what one OR gave they dont always allow someone else

no 2 OR's are the same i'm afraid.....

tigerfeet2006

Is the car MOT/maintenance really only £2?

The benefits, whose name are they in? Have you any money left to offer a repayment plan to the bank?

philnicandamy

tigerfeet2006 wrote: »

Is the car MOT/maintenance really only £2?

The benefits, whose name are they in? Have you any money left to offer a repayment plan to the bank?

if the maintainance is that low...maybe its a pedal car?

Sammy3008

tigerfeet2006 wrote: »

Is the car MOT/maintenance really only £2?

The benefits, whose name are they in? Have you any money left to offer a repayment plan to the bank?

Benefits we get are in Mark's name. Does it look as though we'll both have to declare ourselves Bankrupt then, so the debt doesn't fall onto me?

philnicandamy wrote: »

if the maintainance is that low...maybe its a pedal car?

:rotfl: I don't drive, so didn't know what to put, so £2.00 is a little low I guess

tigerfeet2006

Yeah! just a little low, try £20/30.

What you will need to do once OH is BR is look at your finances and maybe use the money you were going to put towards a holiday to paying the O/D.

Sammy3008

Ok NR have got back to me today.
Regards the property being valued @ £65000, we can put it on the market for this, and then contact NR when we have a sale pending on it! They will then contact the Manager, who will decide on whether they will allow us to make monthly payments, to pay off this shortfall when we move from here.

If we were to go down this route, could we then possibly look at putting all our debts onto a IVA? Including the secured loan we would still have outstanding from our mortgage.

tigerfeet2006

If you have a SL on the house they may not let you sell the house if they are not getting any money from the sale.

Sammy3008

Sammy3008 wrote: »

Ok NR have got back to me today.
Regards the property being valued @ £65000, we can put it on the market for this, and then contact NR when we have a sale pending on it! They will then contact the Manager, who will decide on whether they will allow us to make monthly payments, to pay off this shortfall when we move from here.

If we were to go down this route, could we then possibly look at putting all our debts onto a IVA? Including the secured loan we would still have outstanding from our mortgage.

tigerfeet2006 wrote: »

If you have a SL on the house they may not let you sell the house if they are not getting any money from the sale.

Sorry, I didn't word what I put properly.
We don't have a secured loan on the house, just the mortgage, but the lady I spoke to from NR, mentioned something about the shortfall being secured (obviously because its our mortgage) so are NR likely to try and secure the shortfall on another asset we have, like a car, or home possessions etc?
Its all confusing, lol!!