well i have done it made the first step :)

tnkabel24

been reading the posts all weekend and have realised i am not the only one who is in debt and struggling to keep up payments, so this morning i have rang up the national debt advice line and talked things through.
so plan of action so far is did there budget planner i will show u see if you can save me any money wrote out a copy of a letter to send the creditors just have to brave the weather to go and get stamps lol fingers crossed all goes well now any advice will be greatly recieved thanks xx
incomings
wages 856
tax credits 320
child benefit 120
=1357.89 a month
outgoings
rent 350
council tax 70
insurance 15
gas 45
electric 50
housekeeping 300 this includes family of 4 1 in nappys a dog and cat any left over will go torwards taxing the car and mot pot withought having to borrow
tv licence 12
petrol 40 for partner to get to work
mobiles x 2 20
clothing 10
tv phone
internet 50 looking to get this reduced
car insurance
and aa 65 up for renowel next month hoping to get cheaper
bus taking lad
to school 50 will hopefully cut this cost in summer and bless him he only 4 and its over half hour walk
=1077

1357.89-
1077.00= 255.89

priority debts
rent 50
council tax 40
gas 489 = monthly payments of 40 .00 leaving 215.89 for creditors


creditor owe proposed offer
welcome finance 2313 100.96
provident joint 750 32.74
mckenzie hall 429 18.73
jd williams 817 35.66
robinson way 454 19.82
morcroft 183 7.99
= 215.89 a month
just pray this works total debt is 4946

niksyg

Hello! Just bumping this up for you as no replies!

charlie2517

hello and welcome!!!

People will be along with lots of advice soon. Most of us on here use a statement of account see link -http://www.makesenseofcards.com/soacalc.html

it makes sure everything is covered (the current soa misses some things out eg buildings/contents insurance, car tax/mot/servicing, nothing for Xmas and B'days so doesnt give you the true picture) and presents it in a really readable way, so my first piece of advice would be to complete this and post that, it include interest rates etc etc and is very thorough.

Working on what you've posted so far, gas and elec seem high? can you shop around? Internet can be reduced that is v high.

Best of luck with it you'll get there!
Charlie

Tixy

Hi tnkabel and welcome and well done for making that first step.

My only concern is that you haven't budget for car tax & MOT etc, I know you hope there to be enough left from the groceries but it might be worth including a small budget rather than commit too much to your unsecured creditors.
Equally things like presents & haircuts need thinking about.

Does the salary mean just one of you is working? are you at home because of the age of your children? Are you entitled to any more benefits? I wonder if you could get any housing benefit towards your rent for example?

You seem to have identified that car insurance & internet etc can be reduced so hopefully you can give yoruself some slack there.

If you haven't yet sent the budget I would build in little extra costs (such as road, tax, haircuts etc) to show a slightly lower monthly amount for debts. It won't make much difference to them if your total is say £200 not £215, or even £180, its better to make sure you have a small cushion so you can keep to the agreements.

Good luck

You have split the payment correctly pro-rata though which is good. Have you found a template letter to put with your offer? have you also asked if they will freeze interest & charges?

How far behind are you with rent & ct - is it just those amounts mentioned above?

BringtheStoneshome

I tend to agree with most of what has been said on here so far.

Definitely look at your gas and leccy and see if a little can be shaved off there.

Consider making some form of provision for MOT etc on cars (they only go wrong when you have no dosh).

You might be able to get car insurance and AA down a bit. Shop around.

BTSH

PS Good luck with it. Every bit you pay off is less interest for the moneymen that have ruined this country.

tnkabel24

hi thanks for all the replys
well for gas we cant move as i owe them and where on a stupid card meter which takes 5 pound a week of what we put on, electric i am looking into. yes i dont work partner does we do get which i havent put down is some housing benefit but i didnt want to tell the creditors this as that means i will have a little money extra each month for the non essentals presents haircuts and such like is that very wrong we also have been looked into by housing benefit and they have come to the conclusion that we owe them over 2000 in overpayments so they are going to take that off the sum they are paying if that makes sense this is out of my power i have no say but they say it will be 10.00 per week
i have done my letters i got a template from the debline website which does ask to freeze interest for us just need to find another to ask welcome finance to stop our insurance payments then all are set to go THANKYOU XX

gonzo127

as another poster has put if you can put it in this format it makes it quite easy to read (especailly for us as this is the one we use most on the forums)

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

since you have all your figures already this should help but you might find it promts a few other things you hadnt thought off

tnkabel24

hi sorry yes the outstanding rent a cc are just those amounts xx

joedenise

Don't know if you use Tesco's for your shopping but if you do you can get RAC cover using the vouchers - which would save you quite a bit of money.
Good luck with getting sorted out.