Advice please :)

Pollycat

skint-at-19 wrote: »

I do feel as though i'm going to have a breakdown, also feel as though i don't have a life.

That statement is at odds with this one you posted an hour ago:

skint-at-19 wrote: »

I will manage

If you feel close to a breakdown you need to do something about your lifestyle, don't you?

You can start by posting your SOA on the DFW board as a number of other people have already suggested.

skint-at-19

I will do it when i get home from work, as i don't have the time to do it now. Thanks for your advice

floss2

skint-at-19 wrote: »

..No, my mum didn't take any loans out, she got items from a catalogue, but will never get that from her.
She applied for several loans and got declined from them all, which has led to my credit file being rubbish.

Did your mum apply for those loans in your name or hers? Have you actually checked your credit rating? And have you been keeping up the payments of your debts?

Pollycat

Floss
a little more info here:

http://forums.moneysavingexpert.com/showthread.html?p=29758983&highlight=#post29758983

Skint_at_19
Have you done the full SOA using the template in the link I gave you?

The info on your earlier thread isn't really sufficient:

Well i'll start off by saying i have a ridiculous credit rating! Due to my mother applying for loans and catalogues in my name and not paying them off!
So a breakdown of my debts are:
Littlewoods: £500
Studio: £180
Laptop: £600
Course Finance: £4500
Mobile Phone contract: £40 per month
Car: £400
Car Insurance: £128 a month

Doesnt seem much, but its getting me down, as i only earn £160 a week!

In reality, from what you say above, your income is just under £700 per month and you pay out almost a quarter of that (£168pm) just on your mobile phone and car insurance.

What about food, petrol, car tax etc?
Do you pay any board?

As a starter for 10 on your SOA, £40 pm on a mobile is a lot. Do you use it for your work? Can you get on a cheaper tariff or even go PAYG?

Is your car insurance really over £1500 per year?

Of the debts you've mentioned, what are the monthly repayment amounts?

skint-at-19

I done that one a few days ago, i'm going to do a proper breakdown now and post it

savingmummy

you posted your soa over on dfw and if you made a few cut backs you would manage fine as you have a suplus each month of over 100 after repayments.

I dont like the idea of the loan tbh! You need to really think about things....