My soa

covlad1980

This is the soa I will be taking to cab tommorrow,





Statement of Affairs & Personal Balance Sheet

Summary

Monthly Budget SummaryAmount(£)
Total monthly income1,250Monthly expenses (incl. HP & secured loans)
1,170Available for debt repayments
80UNsecured debt repayments
565 Amount short for making debt repayments-485

Personal Balance Sheet SummaryAmount(£)
Total Assets (things you own)
2,800Total Secured & HP Debt-22
Total Unsecured Debt-27,257Net Assets-24,457
Income, Expense, Debt & Asset Details

IncomeAmount(£)Monthly income after tax1250
Partners monthly income0
Benefits0
Other income0
Total monthly income1250

ExpensesAmount(£)Mortgage0
Secured/HP loan payments0
Rent360
Management charge (leasehold property)0
Council tax0
Electricity50
Gas50
Oil0
Water Rates30
Telephone (land line)0
Mobile phone50
TV Licence12
Satellite/Cable TV44
Internet services14
Groceries etc.200
Clothing30
Petrol/diesel160
Road tax10
Car Insurance60
Car maintenance (including MOT)50
Car Parking0Other travel0
Childcare/nursery0
Other child related expenses0
Medical (prescriptions, dentists, opticians etc.)20
Pet Insurance/Vet bills0Buildings Insurance
Contents Insurance0
Life Assurance0
Other Insurance0
Presents (birthday, christmas etc.)20
Haircuts10
Entertainment0
Holiday0
Emergency Fund0
Total monthly expenses1170

Secured & HP Debt DescriptionDebt(£)Monthly(£)APR(%)
Mortgage0(0)
Hire Purchase (HP) Debt22
(0)0Secured & HP Debt totals22- -

Unsecured Debt DescriptionDebt(£)Monthly(£)APR(%)
hsbc loan20187 315 per month
hsbc credit card 4870 120 per month
overdraft 1500
barclays finance 300 20 per month
mutual clothing 400 110 per month
Unsecured Debt totals27257
565-

Asset DescriptionValue (£)Cash0House Value (Gross)0
Shares and bonds2000Car(s)800Other assets (e.g. endowments, jewellery etc) 0
Total Assets2800
Comments on the results
You do not have enough monthly income to meet your expenses and your minimum monthly debt repayments. Seek ways to increase your income and/or reduce your expenditure by £485. Your total secured debt is greater than the value of your house. Is this correct? Whatever your results show, it always pays to seek advice or comments from others. Why not post your SOA details on our Debt Management discussion board or on your preferred discussion forum elsewhere. Thankyou for using the SOA Calculator at www.makesenseofcards.com.

tigerfeet2006

Cov, please can you do it again and format it to MSE and then copy and paste it here. Thanks very much.

covlad1980

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1250
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1250
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 22
Rent.................................... 360
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0
Mobile phone............................ 50
TV Licence.............................. 12
Satellite/Cable TV...................... 44
Internet Services....................... 14
Groceries etc. ......................... 200
Clothing................................ 30
Petrol/diesel........................... 160
Road tax................................ 10
Car Insurance........................... 60
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1192

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 2000
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 2800

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 0........(22).......0
Total secured & HP debts...... 0.........-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Hsbc loan......................20187.....315.......0
hsbc credit card...............4870......120.......0
overdraft .....................1500......0.........0
barclays finace................300.......20........0
mutual.........................400.......110.......0
Total unsecured debts..........27257.....565.......-

Monthly Budget Summary
Total monthly income.................... 1,250
Expenses (including HP & secured debts). 1,192
Available for debt repayments........... 58
Monthly UNsecured debt repayments....... 565
Amount short for making debt repayments. -507
Personal Balance Sheet Summary
Total assets (things you own)........... 2,800
Total HP & Secured debt................. -0
Total Unsecured debt.................... -27,257
Net Assets.............................. -24,457
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

tigerfeet2006

Cheers m'dear

I am assuming you live alone and not with a partner

covlad1980 wrote: »

Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1250
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1250
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 22 what is this?
Rent.................................... 360
Management charge (leasehold property).. 0
Council tax............................. 0 is this included in rent?
Electricity............................. 50
Gas..................................... 50
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0
Mobile phone............................ 50
TV Licence.............................. 12
Satellite/Cable TV...................... 44 will not be allowed on your SoA for the OR. Will have to come from your surplus.
Internet Services....................... 14 ditto unless esential for work
Groceries etc. ......................... 200
Clothing................................ 30 £50
Petrol/diesel........................... 160
Road tax................................ 10
Car Insurance........................... 60
Car maintenance (including MOT)......... 50 this seems high. leave it but be aware the OR may cut to £30/40 though you may be lucky and he leaves it.
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0 no pets?
Buildings insurance..................... 0
Contents insurance...................... 0 you should insure your personal belongings especially get accidental damage. £20 ish
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 usually not allowed but leave and see.
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0 £25
Emergency fund.......................... 0
Total monthly expenses.................. 1192

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 2000
Car(s).................................. 800
Other assets............................ 0
Total Assets............................ 2800

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0
Hire Purchase (HP) debt ...... 0........(22).......0
Total secured & HP debts...... 0.........-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Hsbc loan......................20187.....315.......0
hsbc credit card...............4870......120.......0
overdraft .....................1500......0.........0
barclays finace................300.......20........0
mutual.........................400.......110.......0
Total unsecured debts..........27257.....565.......-

Monthly Budget Summary
Total monthly income.................... 1,250
Expenses (including HP & secured debts). 1,192
Available for debt repayments........... 58
Monthly UNsecured debt repayments....... 565
Amount short for making debt repayments. -507
Personal Balance Sheet Summary
Total assets (things you own)........... 2,800
Total HP & Secured debt................. -0
Total Unsecured debt.................... -27,257
Net Assets.............................. -24,457
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

Make sure your car insurance is fully comp. Get breakdown cover £10. Do you pay professional fees or union fees? Do you wear suits to work? Dry cleaning £10.

covlad1980

I had to live bk at home my council tax is exempt as my mum classed diasbled,so the council said.But in near future plan on moving in with girlfriend .
The 22 is for a laptop that I got through pc world on business account.Dont know why I still got it planning on getting rid lol.I t was for when I was away on work,so came in use.

The car maitenace increased as was told in previuos soa,and I have no perosnal insurance,my mum got house insurance

covlad1980

Well I went to cab got an appoitment on 24th with financial advisor, the woman I seen could not offer much advise just took my details took a copy of my soa to her supervisor ,when she came back told me about appointment on 24th.

covlad1980

I still feel low, really though yesterday I would get some answers

covlad1980

IS THis normal then for citizen advcie to set up an appiotment

Bethankim

yes quite normal, they are so inundated they changed their system, a drop in first to see if they can help there and and then followed by an appointment with one of their trained debt chancellors.

covlad1980

Thanks was hopingto get some answers. take it I need a trained debt conciler .

Bethankim

lol neither of us can spell the darn word...councilor

yes you will need to see someone who is trained to understand the ramifications of BR and be able to help you make an informed decision