dottyanne's debt diary

oOMiaOo

Well, if it's free, then knock yourself out! During your first year, you will come to realise how it's done, and then you carry on without the payroll bit afterwards.

Good luck :T

dottyanne

Thanks Mia for all your advice & tips and dont worry i will probably become a royal pain in the !!! now i have my grips on a 'virtual accountant' muhahhhhaaa (evil laugh & rubbing hands!!)

dotty xx

oOMiaOo

dottyanne wrote:

Thanks Mia for all your advice & tips and dont worry i will probably become a royal pain in the !!! now i have my grips on a 'virtual accountant' muhahhhhaaa (evil laugh & rubbing hands!!)

dotty xx

:rotfl:

Did I mention that I still use my fingers to count...:D (at least my BF says I look professional when I'm doing it...!)

dottyanne

hi everyone - after taking some advice ive been busying myself sorting business and personal debts and bills into separate folders, done excel spreadsheets for each (well not all personal but business is finished) so i can realistically see where i am up to - however im so behind with some things i dont know whether to:-

a: write to EVERYONE (business and personal) who im in arrears with and try to set up payment plans with them.

b: contact CCCS to see what they can do for us?

What does everyone suggest - as i said before if i WAS upto date then my budget would work perfectly - its the catching up thats cocking everything up??

any help/ideas please??

dotty xx

lynzpower

So, if you werent in debt youd break even ( that sum I bang on about)

So, you can do one of two things

1. Speak to CCCS and see what they can do
2. Get some extra income from somewhere to pay off the debts with.

Your getting there lady, your getting there :T

OberonSH

Can you do 2 budgets - a 'right now' budget that includes the catching up and an 'In a bit' budget for when you're caught up? That what I do, have a separet budget for after each little debt is paid off, so I can see where to putt he extra I get.

I would certainly write to everyone about the debts and set up plans, that way you're at least getting the debts paid. You could apprach the CCS about the personal stuff, but I'm not sure if they deal with business debts.

dottyanne

lynzpower wrote:

So, if you werent in debt youd break even ( that sum I bang on about)

So, you can do one of two things

1. Speak to CCCS and see what they can do
2. Get some extra income from somewhere to pay off the debts with.

Your getting there lady, your getting there :T

Yeah Lynz - with what i take from the business for myself and OH and the rest in other work/lodger/child benefit etc - we can cover everything (even paying a little over on some CC debts). Question is this :-

I can pay everything if i start from scratch with my bidget (so not trying to play catch up all the time ) but how to go about this??

Secondly - the business is doing a lot better but as you all know - there are arrears and debts there aswell - what can i do about these? is it best to do as i am and pay off whatever i can with whats left at the end of the week/month??

still not 100% sure of which way to do it but feel a lot more positive as im getting more orderely if you know what i mean??

Thanks in advance Lynz xx

dottyanne

OberonSH wrote:

Can you do 2 budgets - a 'right now' budget that includes the catching up and an 'In a bit' budget for when you're caught up? That what I do, have a separet budget for after each little debt is paid off, so I can see where to putt he extra I get.

I would certainly write to everyone about the debts and set up plans, that way you're at least getting the debts paid. You could apprach the CCS about the personal stuff, but I'm not sure if they deal with business debts.

Hey You!!

So you think to contact all personal creditors and be honest and explain the situation ?? You think they will help??

dotty xx

dottyanne

My bank have suggested a 'refinance loan' to pay off my 4K overdraft - does anyone now what this is? is it a standard loan and even with a not so great credit rating will i still get it ?

Careful_girl

Whats the rate Dotty?