Never ending...

Sammy3008

Questions from me I spoke to CCCS again last night over the telephone, and the questions I knew I had to ask, completely went :rolleyes:

Basically all it is, at present, my DH hasn't been paying the Loans to the companies the money is due to, instead he has been doing a DMP.
What I was wondering, because DH is paying the minimum amount on the DMP a mth (150.00) when he shows his statement to the OR, will he/she take into consideration what DH should be paying out (to the companies he owes the money to) obviously then there would be more out-goings if he were paying the companies straight....

Does this make sense? :rolleyes:

Merry_Gentry

The OR will base any IPA on your income/expenditure form, not what your husband was paying through his DMP. Have you completed an SOA yet? If not, this may help you:

http://www.makesenseofcards.com/soacalc.html

Sammy3008

Merry_Gentry wrote: »

The OR will base any IPA on your income/expenditure form, not what your husband was paying through his DMP. Have you completed an SOA yet? If not, this may help you:

http://www.makesenseofcards.com/soacalc.html

Have completed one somewhere
But they keep appearing often on here from me :rotfl:

Obviously my DH isn't paying the creditors, so am I still to add them to the expenditure form?

Thank you.

peachyprice

You fill the form in as it will be after he has gone BR, so no creditors and no DMP.

Sammy3008

peachyprice wrote: »

You fill the form in as it will be after he has gone BR, so no creditors and no DMP.

How do I post my thread on here, that has my DH SOA on?

Sammy3008

Here is one of the SOA I did, however on my DH income, I have added any night rate he gets, but he doesn't always get nights every single month, should I change this just to his basic rate?

Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1750
Partners monthly income after tax....... 0
Benefits................................ 202 Child Benefit and Tax Credits
Other income............................ 0
Total monthly income.................... 1952
Monthly Expense Details
Mortgage................................ 495 This won't exist
Secured/HP loan repayments.............. 0
Rent.................................... 0 Likely to be between £625 & £650 per mth
Management charge (leasehold property).. 0
Council tax............................. 86 Possibly higher, dependant on area currently believe where in lower band here
Electricity............................. 35 Probably higher, as hopefully will be in a bigger house
Gas..................................... 58 Same as Electric
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 35
Mobile phone............................ 15
TV Licence.............................. 12
Satellite/Cable TV...................... 30 I know this comes out of surplus and probably won't have anyway
Internet Services....................... 0 Comes under Telephone at min
Groceries etc. ......................... 500 Is this about right for family of 4
Clothing................................ 20
Petrol/diesel........................... 120 This may possibly lower, as nearer OH work
Road tax................................ 14
Car Insurance........................... 35
Car maintenance (including MOT)......... 10
Car parking............................. 10
Other travel............................ 10 Bus fare for me & daughter
Childcare/nursery....................... 0
Other child related expenses............ 34 Daughter dinner money
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 0
Buildings insurance..................... 10 Won't be paying this when moved
Contents insurance...................... 10 Maybe slightly higher
Life assurance ......................... 0 Not got this at moment
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 18
Entertainment........................... 10
Holiday................................. 25
Emergency fund.......................... 5
DMP..................................... 150 Won't be running this
Total monthly expenses.................. 1808

Assets
Cash.................................... 500 Rough guess at what OH could lose
House value (Gross)..................... 75000
Shares and bonds........................ 0
Car(s).................................. 3500
Other assets............................ 0
Total Assets............................ 79000

Secured & HP Debts[/b]
Description....................Debt......Monthly.. .APR
Mortgage...................... 76029....(495)......0
Total secured & HP debts...... 76029 This will no doubt be higher, as when OH cancel's mortgage will incur charges
Unsecured Debts
Description....................Debt......Monthly.. .APR
Credit Card.................... 3500. Minimum payment varies
Loan........................... 16000.....202......6.5%
Loan........................... 10000.....109.01......7.8%
Loan........................... 24000......155.pence.....
Loan........................... 9500......198.00
Loan........................... 14000
Total unsecured debts..........77000

Monthly Budget Summary
Total monthly income.................... 1,952
Expenses (including HP & secured debts). 1,808
Available for debt repayments........... 144
Monthly UNsecured debt repayments....... 202
Amount short for making debt repayments. -58
Personal Balance Sheet Summary
Total assets (things you own)........... 79,000
Total HP & Secured debt................. -76,029
Total Unsecured debt.................... -77,000
Net Assets.............................. -74,029