dottyanne's debt diary

*zippy*

Hi Dotty

Just been thinking about you, really glad you posted to let us know you are ok.

I'm trying to sort my books out too. I've had my head in the sand about them, accountant gave us a kick up the backside to get organised, so hubby and I have been doing a bit every weekend, hubby makes me do it with him TBH I hate them too. Starting to see light at the end of the tunnel now. Your book keeper sounds good will they be alot cheaper than having an accountant?

moozie_2

dottyanne wrote:

I will be on more and more now as i get my life back in order.

Life has a habit of taking over sometimes but I am only too pleased to see things are going the right way for you. I am sure the book keeper will sort things out and you will feel so much better not having to worry about those returns. It's a matter of time now hun. Hang in there xx

dottyanne

*zippy* wrote:

Hi Dotty

Just been thinking about you, really glad you posted to let us know you are ok.

I'm trying to sort my books out too. I've had my head in the sand about them, accountant gave us a kick up the backside to get organised, so hubby and I have been doing a bit every weekend, hubby makes me do it with him TBH I hate them too. Starting to see light at the end of the tunnel now. Your book keeper sounds good will they be alot cheaper than having an accountant?

Hi Zippy

The book-keeper took a look at the draft return done by my original accountant and says his fees are really high so i guess she will be a great deal cheaper - she did say that as he has done most of the work to answer his questions he has raised (even tho he left it over a year to ask them!!) and let him submit that years returns before she moves onto 05-06.......I will show my bum in gratitude when these bloody things are sorted!!:p

dotty xx

Pobby

How`s was it back in the shop today.A real belter I hope!

dottyanne

Hi Pobby - in essence the shop is doing fine - its just the fact that im in arrears with so many creditors that makes it hard..........basically i would say the business had to suppliment my personal life too much in the past (i.e. bills - no frills!) but now im on the DMP with the CCCS this should even out - only over time tho i guess.

However........im in arrears with various people to do with the business left right and centre and its hard to know who to prioritise if you know what i mean?

dotty x

Pobby

When we had the shop we owed fortunes to suppliers.In general the principle we stuck to was to try and keep happy the suppliers that were vital to our turnover by paying them first.Instead of waiting for a credit controller to ring us I would always ring them first and say that we would be late paying.I never had any problems with that.Or,if it was a big ivoice,say £4k,I would send them half on account.

Some suppliers were tougher,fine,I would pay them up and not bother again with them.

A little trick used by some,however I warn you that you have to be very careful and well organised with this,is to take your credit period from the supplier and then pay by credit card to gain more credit period.We tried it,and it was a disaster but I know it works for some.

pobby x

dottyanne

I though it was about time I had a look back overthe last couple of months to see how far, if at all i have come so i stepped back in time for an original SOA and am updating it below:-

help me please!!!!!!!!

---

Someone - help me please!!!!!!!!!!!

Monthly Direct Debits (personal)

Abbey Mortgage (6.50%) – 774.30 Now (31.20 untill January 2007 due to one missed payment through 3 and half weeks off work due to family bereavement
G E Money Serviving Limited (secured Loan) – 208.92 UP TO DATE
T V Licence – 11.07
Powergen – 120.00 NOW £130 PER MONTH DUE TO POWERGEN !!!!-UP
Sky Digital -42.50 CANCELLED SPORTS - NOW £36 PER MONTH
Direct Line (life) – 20.05
Direct Line (contents) – 36.36
Egg Card – 40.00 (15.9% Apr) PAYING THROUGH CCCS
Egg Loan – 361.80 (7.7% Apr) Payable Till Dec 2011
Rbs Personal Loan – 61.39 (paid Off In August This Year) o/S £174 BUT NOW PAYING THROUGH CCCS
United Utilities - 49.82

All Up To Date At The Moment!!

Monthly Bills (personal)

Council Tax – 98.00 – Up To DateNOW £120 PER MONTH BUT UP TO DATE
Kids School Dinners/snack Money – 111.00 CUT DOWN SLIGHTLY BUT 3 KIDS ON SCHOOL MEALS
Kids After School Club – 60.00 GONE
Food (approx) – 200.00ABOOUT £300 PER MONTH
Oh Smoking – 125.00 CUT RIGHT DOWN NOW ABOUT £80 PER MONTH

All Up To Date At The Moment!!

Debts (personal)

Ground Rent – 200.00 Overdue – To Be Paid In Full £170 O/S - PAYING £30 PER MONTH STANDING ORDER
Capital One Cc – Me – O/s Approx – 300.00 (17.9%) Up To Date CCCS
Barclaycard – Oh – O/s Approx – 858.24 (limit 700.00) Overdue- They Want 175.00 Asap CCCS

Bt – Home Phone – 154.51 – Overdue All Due PAID
Capital One Cc – Oh – O/s Approx – 1015.00 (limit 1000.000 Overdue – They Want 130.63 AsapCCCS
Robinson Way Debt Collectors (british Gas) – Oh – Approx 608.00 – 20.00 Per Month – OverdueCCCS
Scotcall Debt Collections Agency (dss) – Oh – 3630.64 – 10.00 Per Month - Up To Date CCCS
Inland Revenue – Tax Credits Overpayment – 646.12 – Overdue Since November 2005 – Not Paid Anything!!
Great Universal – Me – O/s 651.83 – Payments Of £30 Per Month – Up To DateCCCS
RBS OVERDRAFT - 4000.00CCCS
Dad – 3100.00
Mum – 500.00
Brother – Car Loan – 37.19 Per Month – Up To Date

NOT EVEN TAKEN ANYTHING INTO ACCOUNT FOR SAVING FOR BIRTHDAYS AND CHRISTMAS ETC............... NOW STARTED SAVING FOR THESE
Business Direct Debits

Shop Rent – 368.33
Motorline Insurance (van) – 52.14
United Utilities – 20.88
National Insurance – 10.50
Cardnet Charge – 25.57
Virtual Lease (every 3 Months) 84.60
Matsu – 30.00
Direct Line (car Insurance) – 50.00

Was Also 240.12 Hp Each Month On Van But Dad Has Paid This Off As Van For Sale – Will Be Paying Him Back Fully When Van Is Sold

All Up Todate At The Moment!!!!

Business Bills

Car Tax – 90.75 Due End Of This Month ******* PAID
Accountant – June 05 – 94.00 – Overdue
Accountant – Oct 05 – 94.00 – Overdue
Accountant – Jan 06 – 94.00 - Overdue
Cars Debt Recovery – 93.71 - 47.00 Overdue (due By 17/3/06) The Rest By Same Time Next Month PAID
Business Rates – O/s 538.00 Overdue For Last Year – Have Written To See If They Will Spread Over This Year With New Bill PAID
O2 (business Mobile ) – 60.45 – Overdue
Bt – Business Phone – 80.14 – Overdue
Inland Revenue – 05 Jul 05 – 120.85 Overdue PAID
Inland Revenue – 05 Aug 05 – 96.68 OverduePAID
Inland Revenue – 05 Sep 05 – 96.68 OverduePAID
Inland Revenue – 05 Oct 05 – 120.85 OverduePAID
Inland Revenue – 05 Nov 05 – 96.68 Overdue
Inland Revenue – 05 Jan 06 – 64.21 Overdue
Inland Revenue – 05 Feb 06 – 96.68 – Overdue

Petrol & Diesel – Approx £40 Per Month

I Don’t Think Ive Missed Anything Off If I Have I Will Let You All Know!!

Income

I Get 178.57 Per Week Tax Credits
Oh Gets 147.00 Per Week Wages (if We Can Afford To Pay Him)
Cleaning Job (me) 50.00 Per Week
Dad Rent 90.00 Per Week
Child Benefit – 39.80 Per Week
Ex Husband – 25.00 Week (not Reliable)

Then I Take Whatever The Business Can Afford To Pay Me???

So Without My Income – 2298.27 Month

At The Moment My Husband Is Being Re- Assesed For His 3 Kids By Csa So We Will Have This As An Additional Bill Each Month Too (estimate No More Than About £60 Per Month)

I started with the CCCS on 1st August 2006, but havent seen much less financail strain yet due to the fact that we were off work for 3 1/2 weeks with no pay when OHs mum took poorly and passed away.

Although on a positive note (really positive) have sorted 04-05 books out and they should be submitted by 22nd September. I have a brilliant book-keeper to do last years and this years books so things there are good at least -

love
dotty xx

*zippy*

Hi Dotty

Good to hear from you. I was thinking about you yesterday as I hadn't seen you around, I somehow missed your updated soa.

Looks like your doing okay, considering you have had a difficult month. Do you have enough income now your with cccs to cover all your outgoings? I do feel for you as your soa is so complicated compared to most as you have the business as well. Who says self employment is easy? If you are able to put a bit extra towards the outstanding bills its just a matter of time before you get yourself straight so hold tight. Are you nice and busy and how did you get on with your ebay shop or did you have to put it on hold because of the family bereavement?

Keep posting dotty, we miss you when your not around. :grouphug:
zippy x

dottyanne

Hiya Zippy - i'd say were not doing too bad considering the time off recently due to the death in the family. The CCCS budget is pretty tight but doable and ive just had an offer on the first of my charges reclaiming mission - capital one owe me about £900 in charges and have offered me about £370 - now this would more than cover what i owe them as its only about £285 but im tempted to go for the lot as this would clear at least 2 of my other debts aswell and therefore bring my CCCS balance down a lot and enable those payments to go elsewhere - although its crunch time and im gonna have to file a money claim to get it back!!

On the self employment side - business is ok but could be busier - we have really busy days and then really quiet ones but i suppose thats life? I feel so much more positive now we have the new book-keeper - shes a gem and has really helped us a lot. I feel more at ease now shes handling things for us/me.

As for e-bay - not been that bothered to be honest - sold one of two things but nothing to write home about. Am slowly but surely getting my house in order.

Thanks for thinking about me Zippy - i often do the same about you and others on here - just hoping everyones getting on ok.

love

dotty xx

spud30

Hi Dotty.

Dont give in with the bank charges. Hold out for the full amount.

I'm glad you're back :j :T