Frightened to take the step

supersleuth

Hello there Hettiecarro,
Firstly, sending a big hug.

Just wanted to say that you are not alone, I have just left a very well paid job in banking because of depression - I knmow how hard it is. I'm now doing some care work and I love it - no stress and not having to work with nasty self obsessed people (like I used to) is lovely. I'm on minimum wage but I don't care.

Your health comes first. I'm a better Mum and wife for not having the stress.

I've just started a DMP with CCCS and I honestly think it saved my life. I am stronger than I have been in years. I can't rate them highly enough.

Please stick around - the people on this board are amazing.

SS
x

Nargleblast

Well done on sorting out a new bank account Hettiecarro, that's a good start.
Think about your shopping habits - do you have Aldi's or Lidl's near you? Try them if you haven't done so already. is there a local market or greengrocer where you can get fruit and veg cheaper and better quality than in supermarkets? Likewise meat from a local butcher? Once your new bank account is up and running, get into the habit of reconciling your bank statements to the last penny. Keep an accounts book so you can do this.
Once you have sorted out some kind of repayment scheme for your debts, brace yourself for some stroppy letters and phone calls from your creditors - there will be a few of these before things settle down, but CCCS and us lot on here will offer you support and advice on how to deal with any correspondence.
You are in for an exciting ride which will be rough in places but you can and will handle it. We have all been there (some of us still are!)

BeautyandtheBeast_3

even better - have you space to grow your own veg etc - cuts down on food shops - i know its not huge amounts but it a small step - plus its very relaxing and tkes your mind off other orries even if only for a short time. xxx

hettiecarro

You lot are AMAZING!:A

I'll post my SOA this evening.

hettiecarro

Hi all

This is the frightening state of affairs.:eek:



Household Information

Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly income after tax................ 0 Please refer to original post
Partners monthly income after tax....... 1300
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300


Monthly Expense Details

Mortgage................................ 526
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 111
Electricity............................. 50
Gas..................................... 60
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 30
Mobile phone............................ 8.50
TV Licence.............................. 12
Satellite/Cable TV...................... 30
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 10
Petrol/diesel........................... 50
Road tax................................ 16
Car Insurance........................... 36
Car maintenance (including MOT)......... 30
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..................... 10
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 5
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1274.5

Assets
Cash.................................... 0
House value (Gross)..................... 130000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 135000

Secured & HP Debts
Description.................... Debt Monthly APR
Mortgage...................... 76000 (526) Non negotiable -in my

Mums estate name
Total secured & HP debts...... 76000

Unsecured Debts
Description Debt Monthly APR
Barclaycard.................... 4514 90 23.9
Capital one.................... 17206 516 16.83
Nationwide c/card............ 11352 340 16.9
Beneficial Fin c/card........ 7093 141 17.47
M & S c/card................. 3891 97 20.9
N'wide Loan (approx)....... 11000 352 6.7

Total unsecured debts.......... 55056 1536


Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,274.5
Available for debt repayments........... 37.5
Monthly UNsecured debt repayments....... 1,536
Amount short for making debt repayments. -1,510.5


Personal Balance Sheet Summary
Total assets (things you own)........... 135,000
Total HP & Secured debt................. -76,000
Total Unsecured debt.................... -55,056
Net Assets.............................. 3,944

hettiecarro

I think this is now complete. Totally confused.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1300
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300
Monthly Expense Details
Mortgage................................ 526
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 111
Electricity............................. 50
Gas..................................... 60
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 30
Mobile phone............................ 8.5
TV Licence.............................. 13
Satellite/Cable TV...................... 30
Internet Services....................... 20
Groceries etc. ......................... 200
Clothing................................ 10
Petrol/diesel........................... 50
Road tax................................ 16
Car Insurance........................... 36
Car maintenance (including MOT)......... 30
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..................... 10
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 5
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1290.5

Assets
Cash.................................... 0
House value (Gross)..................... 130000
Shares and bonds........................ 0
Car(s).................................. 13000
Other assets............................ 0
Total Assets............................ 143000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 76000....(526)......0
Total secured & HP debts...... 76000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................4514......90........23.9
Capital one....................17206.....516.......16.83
Nationwide c/card..............11352.....340.......16.9
Nationwide overdraft...........3600......0.........6.3
Beneficial Fin c/card..........7093......141.......17.47
M & S c/card...................3891......97........20.9
N'wide Loan (approx)...........11000.....352.......6.7
Total unsecured debts..........58656.....1536......-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,290.5
Available for debt repayments........... 9.5
Monthly UNsecured debt repayments....... 1,536
Amount short for making debt repayments. -1,526.5
Personal Balance Sheet Summary
Total assets (things you own)........... 143,000
Total HP & Secured debt................. -76,000
Total Unsecured debt.................... -58,656
Net Assets.............................. 8,344
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Katy_M_2

hettiecarro wrote: »

I think this is now complete. Totally confused.

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 2
Do you desperately need 2 cars?
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1300
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1300
Monthly Expense Details
Mortgage................................ 526
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 111
Electricity............................. 50
Gas..................................... 60
Oil..................................... 0
Water rates............................. 50
Telephone (land line)................... 30
Mobile phone............................ 8.5
TV Licence.............................. 13
Satellite/Cable TV...................... 30 Could you cancel this as it is a luxury??
Internet Services....................... 20
Groceries etc. ......................... 200 Could this be cut down on by shopping somewhere else like Lidl/Aldi or Asda?
Clothing................................ 10 I know this is a small amount but maybe put monthly clothes shopping on hold for a while?
Petrol/diesel........................... 50
Road tax................................ 16
Car Insurance........................... 36 Have you tried shopping around to make sure you are getting the best deals?
Car maintenance (including MOT)......... 30
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..................... 10
Contents insurance...................... 15
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 5
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1290.5

Assets
Cash.................................... 0
House value (Gross)..................... 130000
Shares and bonds........................ 0
Car(s).................................. 13000
Other assets............................ 0
Total Assets............................ 143000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 76000....(526)......0
Total secured & HP debts...... 76000.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................4514......90........23.9
Capital one....................17206.....516.......16.83
Nationwide c/card..............11352.....340.......16.9
Nationwide overdraft...........3600......0.........6.3
Beneficial Fin c/card..........7093......141.......17.47
M & S c/card...................3891......97........20.9
N'wide Loan (approx)...........11000.....352.......6.7
Total unsecured debts..........58656.....1536......-

Monthly Budget Summary
Total monthly income.................... 1,300
Expenses (including HP & secured debts). 1,290.5
Available for debt repayments........... 9.5
Monthly UNsecured debt repayments....... 1,536
Amount short for making debt repayments. -1,526.5
Personal Balance Sheet Summary
Total assets (things you own)........... 143,000
Total HP & Secured debt................. -76,000
Total Unsecured debt.................... -58,656
Net Assets.............................. 8,344
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

I'm sure that someone else will be along soon that will be more helpful.
You have come to the right place though and things will start getting better from now on with all the great advice you will receive on these forums xx

ladylumps45

hi hettie
was just reading through your thread and although im no help on the debt side of things i just thought that you may be elegible to apply for DLA if you have care and/or mobility needs from your illness plus you could apply for ESA.

Katy_M_2

Just an afterthought.......your cars being worth £13,000

If you do need two....could you not sell them then buy smaller cheaper ones and save the extra cash for paying off debts. Smaller car may be cheaper to run, tax and insure?

****Edit - sorry, I missed your earlier post about selling one car - silly me. Still though, maybe you could trade the remaining one in for a smaller run-a-round?***

hettiecarro

Internet Services....................... 20

Petrol/diesel........................... 50
Road tax................................ 16

Satellite/Cable TV...................... 30 Could you cancel this as it is a luxury??
My partner has been exceptionally good about all this. The sky package is really the only thing he has of his own - he is a sport fanatic. He has already given up his football trips and any other social activities - so I am loath to ask him to do this aswell.

Groceries etc. ......................... 200 Could this be cut down on by shopping somewhere else like Lidl/Aldi or Asda?

Am going back to the 'home cooking' thing - was good at it years ago. I've also started a budget diary so may be able to report some improvement soon.

Clothing................................ 10 I know this is a small amount but maybe put monthly clothes shopping on hold for a while?

You're absolutely right about this. Part of the problem was the clothes buying trips with my Mum - hence I need to do some ebaying to shift stuff on.

Car Insurance........................... 36 Have you tried shopping around to make sure you are getting the best deals?

I can try a few others, though I did shop around quite a bit. I had a company car for over 20 years so had no 'no claims' or anything.

I'm about to send the letters to tell my creditors stating that I can't pay them.
I just want to go to bed and put the duvet over my head - while I've still got one! - sorry - feeling sorry for myself - and I shouldn't be!


Thanks for your support