What a mess!!

WASHER

Sososad wrote: »

Oh dear, just did the SOA would someone mind having a look to see if i have done this correct, even more scarey now that i see it in black and white.

Statement of Affairs and Personal Balance Sheet
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................ 1700
Partners monthly income after tax....... 1000
Benefits................................ 167.47
Other income............................ 0
Total monthly income.................... 2867.47
Monthly Expense Details
Mortgage................................ 592
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 119
Electricity............................. 40
Gas..................................... 60
Oil..................................... 0
Water rates............................. 0 = Do you not pay Water?
Telephone (land line)................... 0 _ Do you not have a landline?
Mobile phone............................ 88 - This is high
TV Licence.............................. 12.01
Satellite/Cable TV...................... 28 - A luxury, you probably could do without it
Internet Services....................... 0 - how are you receiving the internet?
Groceries etc. ......................... 390
Clothing................................ 50 - Too much each month, try supermarkets
Petrol/diesel........................... 80
Road tax................................ 20
Car Insurance........................... 36
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 75.6 - What is this?
Medical (prescriptions, dentist etc).... 22
Pet insurance/vet bills................. 0
Buildings insurance..................... 36.86 _ this is alot.
Contents insurance...................... 0
Life assurance ......................... 86.56 - this is very important, but it is too high.
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 1826.03

Assets
Cash.................................... 0
House value (Gross)..................... 138000
Shares and bonds........................ 0
Car(s).................................. 25000
Other assets............................ 0
Total Assets............................ 163000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 134995...(592)......0
Hire Purchase (HP) debt ...... 25000....(0)........0 - Where is the monthly amount here, have this been included on the SOA?
Total secured & HP debts...... 159995....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................8232.82...366.......0
HBOS...........................22881.2...494.......0
Hitachi........................1416.75...73.13.....0
RBOS...........................3917.35...89........0
Next...........................564.54....56.56.....0
MBNA...........................11934.4...45.84.....0
Total unsecured debts..........48947.06..1124.53...-

Monthly Budget Summary
Total monthly income.................... 2,867.47
Expenses (including HP & secured debts). 1,826.03
Available for debt repayments........... 1,041.44
Monthly UNsecured debt repayments....... 1,124.53
Amount short for making debt repayments. -83.09
Personal Balance Sheet Summary
Total assets (things you own)........... 163,000
Total HP & Secured debt................. -159,995
Total Unsecured debt.................... -48,947.06
Net Assets.............................. -20,942.06
:mad::mad::mad:

I have added comments in above. Could you clarify if the secured loan monthly repayments are included in your SOA. I think you need the help of a debt charity, try the CCCS, National Debtline or Payplan. They are free to use and DO NOT USE ANY COMPANY WHICH CHARGE.

I apologise in advance if I duplicated comments, I haven't read the whole thread yet.

*Jellie*

I've posted a thread on the main board asking people to take a look at your SOA. Hope you don't mind!
Click here to get to the thread:_
http://forums.moneysavingexpert.com/showthread.html?p=25651517#post25651517

fermi

*Jellie* wrote: »

I've posted a thread on the main board asking people to take a look at your SOA. Hope you don't mind!
Click here to get to the thread:_
http://forums.moneysavingexpert.com/showthread.html?p=25651517#post25651517

Hi.

I've copied the SOA post over to the main board to make a new thread, and then merged.

Is now here: SOA - Not good - Please help (further info in diary post)

Fire_Fox

Just popped over from Jellie's diary to say hello! I usually post on new diaries, must have missed yours. Definitely come and join the Grocery Challenge, the Old Style crew are just as friendly as the DFW gang.

Sososad

Thanks everyone, going to try and change/edit the SOA wish me luck lol .

*Jellie*

Good luck with it! Let us know how it goes!

Sososad

Hi everyone,

Just thought i would pop in and say hello, feeling really down today i have waited and waited for CAB to put me forward for a DAS scheme and yipee!! they have and i should hear this week sometime whether i can basically get on with my life or not (fingers crossed!!) dont know why i feel so down today i guess i am just fed up of the not knowing whats next.

Anyway, enough of my moaning i hope everyone is well and having a good Sunday.

SSS x

Sososad

Hi everyone,

A quick update at last, well i heard today that no creditors objected to us going into a DAS, although my money adviser says that he will call me this week some time when he has heard back from the DAS Administrator, now im thinking something is going to go wrong as its too good to be true that we are actually getting some where. Does anyone know if this is normal?

Sososad

Just a quick note to say merry christmas to everyone and a happy new year when it comes, i know my year will be a lot happier (hopefully) having been accepted into a DAS scheme my first payment will be in January and that will be 1 out of 100 payments - im trying to keep positive by thinking as each month goes by that is 1 less and 1 nearer to the 100 payments if that makes sense!!.

Happy new year to all.

Take care x

Sss x

claire0788

We all have our ups and downs Sososad, so dont feel like your alone. Im glad to see you are trying to see the payment scheme as a positive. Good luck