Unable To Sleep With Worry

carole1811

Hi, have just joined and for too long have been pretending I do not have serious problems - now I am acknowledging that I do and I desparately need help.

I have debts of just under 17k spread over 5 cards with 10k on one card that is charging £225 per month minimum payment and taking £202 in interest per month. I have lost money at work through privatisation so my wages are a lot less and have split with my boyfriend who had been helping me with around £400 per month (there is no chance of a reconcilliation).

I need to know what to do for the best - can anyone advise me please? the smaller debts have easier repayments that I can just about manage it is the 10k one that I can no longer pay. Any advice would be so welcome. I do not own my own home and have an oldish car so no value there. Thanks

Mrs.D

Morning Carole

I'm not an expert, but having been a lurker on these boards for a while, I know someone will be along soon to help.

It would help everyone to help you if you put up your SOA?

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

In the meantime... hugs (())

gfplux

Hello carole1811,

Make out your SOA and post it here. (link - http://www.makesenseofcards.com/soacalc.html ) This will automatically total the numbers. It can be saved (see the help) and you can change it every day if you want.
When making out your SOA (Statement Of Affairs) try not to guess at the figures, dig out the paperwork! However remember a partial completed one is better than none. It is in fact one of the most IMPORTANT things you will ever do to start on the road to recovery. If you want a lot of help on this forum, posting your SOA is the first and most important step. After it is done it is very easy to keep it up to date. In my opinion everyone should have an up to date SOA even if you have little or no debt. It is a great tool to manage your life with.
If you post it on the forum answer the obvious questions before they are asked so you get immediate feedback, such as :-
If there is “other” Income explain what it is
Mortgage – interest only or not.
What is the age of any children.
Council tax is it over 10 or 12 months.
Electricity and gas any arrears.
Water rates meter yes or no.
Mobiles, how many and when are the contracts up for renewal.
If no contents insurance is it include with buildings insurance.
If pets cost money, what are they.
House or flat value, has it been valued by an Estate Agent and when.
The more that can explain about the financial figures and circumstances the quicker the post will get advise rather than lots of questions.
When you have posted it and it does not look right or you want to change it, do so and repost it.


Good Luck

fermi

SOA was posted as a separate thread by Carole here:

----> Unable To Sleep - posting my SOA as suggested