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A lot of advice needed please :-(
lisal0u
Posts: 406 Forumite
Hi,
Ive posted on here before but my situation just got a lot worse. My boyfriend and I have split up and are having a 2 week break so that we can think clearly about everything before making it totally final.
We have a house together and I have a lot of debt. When everything is split down the middle I only have £100 spare cash a month after paying for essentials and my debts.
This would be my SOA if I was to pay for everything, as you can see its not good at all:
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 1,615.14
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 0.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile Phone(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
TV Licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.00
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home Phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cleaning Products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Garden Maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Household Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.00
Council Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75.00
Overdraft Cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63.00
Bank Account Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.80
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700.00
Plumbing/Boiler Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage Payment Protection . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and Household Shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Drinks for Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Rail/Bus/Taxi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Breakdown Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Debt Repayments
Credit Card Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320.00
Hire Purchase Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 122.30
Personal Loan Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 230.53
Car Loan Repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202.98
Savings & Investments
Pension Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Buying Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mini Cash ISAs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump Sum Saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular Saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family
Pet Food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket Money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby Extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry Cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Children's Travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby Sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Childcare/Play Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Travel Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44.00
Family Days Out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big Days Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Shopping for Fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
IT/Computing (eg Anti-virus etc). . . . . . . . . . . . . . . . . . . . . . . . 0.00
DVD Rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Drinking Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Clothes, Health & Beauty
Complimentary Therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Optical Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Beauty Treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Healthcare Cashplans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dental Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Medical Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Work Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New Children's Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New Clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Education & Courses
University Tuition Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your Courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One Offs
Funeral Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Winter Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Odds & Sods
Newspapers & Magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 0.00
Regular Charity Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.75
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,615.14
Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,103.36
Most of my debt has been accumulated through renovating the house for the last year and a half. We have only been moved in 2 months and this has happened.
Ive been trying to thing of options as I dont really want to be 32, in a lot of debt and no longer have a house to show for it and living with my Dad.
Ive been thinking of options to try and keep the house, such as renting it out. If I lived at home it would be free and if I could rent the house out for most of the mortgage that might work. Say if I had to pay £200 towards the mortgage then the rest of my pay £1,400 could go towards debt repayment.
I have filled in the questionnaire on cccs and it says to ring them rather then advising a DMP so Im guessing thats not good!
Has anyone got any advice for me, my head is a bit of a mess so I dont really know what would be the best action.
All advice greatly appreciated
Lisa
Ive posted on here before but my situation just got a lot worse. My boyfriend and I have split up and are having a 2 week break so that we can think clearly about everything before making it totally final.
We have a house together and I have a lot of debt. When everything is split down the middle I only have £100 spare cash a month after paying for essentials and my debts.
This would be my SOA if I was to pay for everything, as you can see its not good at all:
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 1,615.14
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 0.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile Phone(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00
TV Licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.00
Internet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home Phone. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cleaning Products/Cleaner . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Garden Maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Household Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.00
Council Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75.00
Overdraft Cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63.00
Bank Account Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Home Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.80
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700.00
Plumbing/Boiler Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mortgage Payment Protection . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Food and Household Shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Drinks for Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Rail/Bus/Taxi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Breakdown Cover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Debt Repayments
Credit Card Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320.00
Hire Purchase Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 122.30
Personal Loan Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 230.53
Car Loan Repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202.98
Savings & Investments
Pension Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Buying Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Mini Cash ISAs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Lump Sum Saving . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Regular Saving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Family
Pet Food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pocket Money. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Nappies/Baby Extras . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Laundry/Dry Cleaning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Children's Travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Baby Sitting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Childcare/Play Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Travel Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44.00
Family Days Out . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Cinema/Theatre Trips. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Books/Music/Films/Computers . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big Days Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Shopping for Fun. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Pet Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Hobbies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
IT/Computing (eg Anti-virus etc). . . . . . . . . . . . . . . . . . . . . . . . 0.00
DVD Rental. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Drinking Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Eating Out. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Clothes, Health & Beauty
Complimentary Therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Optical Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dentistry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Beauty Treatments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Healthcare Cashplans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Dental Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Medical Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Fitness/Sports/Gym. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Work Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New Children's Clothes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
New Clothes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Education & Courses
University Tuition Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
School Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Your Courses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Big One Offs
Funeral Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Wedding Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Sofa/Kitchen/TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Birthdays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Winter Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Summer Holiday. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Christmas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Odds & Sods
Newspapers & Magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 0.00
Regular Charity Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.75
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,615.14
Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,103.36
Most of my debt has been accumulated through renovating the house for the last year and a half. We have only been moved in 2 months and this has happened.
Ive been trying to thing of options as I dont really want to be 32, in a lot of debt and no longer have a house to show for it and living with my Dad.
Ive been thinking of options to try and keep the house, such as renting it out. If I lived at home it would be free and if I could rent the house out for most of the mortgage that might work. Say if I had to pay £200 towards the mortgage then the rest of my pay £1,400 could go towards debt repayment.
I have filled in the questionnaire on cccs and it says to ring them rather then advising a DMP so Im guessing thats not good!
Has anyone got any advice for me, my head is a bit of a mess so I dont really know what would be the best action.
All advice greatly appreciated
Lisa
0
Comments
-
How many bedrooms?
Does your BF want you to buy him out? What is the house worth?
APRS on al the debts.
If you have petrol, then you need tax and insuranceIf you've have not made a mistake, you've made nothing0 -
you need to press the MSE button and use that soa it is much clearer and easy to sort out.
Sorry your having trouble right now, do you think you will be seperating for good?
I will take a look at this soa and advise where i can xDebtFree FEB 2010!Slight blip in 2013 - Debtfree Aug 2014 :j
Savings £132/£1000.0 -
Hi Ras,
My house has 3 bedrooms but one is only a box room really or a childs/babys bedroom.
I havent had it valued yet but the outstanding mortagage is £104,000. He put £3000 towards the deposit and we have an agreement of trust that he will get his deposit back and the rest is 50/50.
Its amicable between us and he is still paying for half of everything at the moment.
The biggest debt I have is a virgin credit card at 15% and a loan at 9%. I have smallish amounts on other credit cards too. My car is on HP with about £4000 outstanding. We are still paying £244/month for the kitchen on 0% but this ends in June.
Yes Ive forgotten tax and insurance. My tax is £35/year and my insurance was about £300 last time which could be paid by direct debit monthly.
Its all a big mess really. Completly gutted as weve been together 14 years
. There still might be a chance its all resolved but I need to have a plan of action for my peace of mind!
Thanks
Lisa0 -
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 1,615.14
Monthly Expense Details
In Your Home
Mobile Phone(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00 go payg, haggle your contract company
TV Licence. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.00
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Gas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.00
Water . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.00
Council Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75.00
Overdraft Cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63.00
Home Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.80
Mortgage/Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700.00
Food and Household Shopping . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Drinks for Home . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Motoring & Public Transport
Petrol/Diesel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80.00
Parking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Debt Repayments
Credit Card Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320.00
Hire Purchase Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 122.30
Personal Loan Repayments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 230.53
Car Loan Repayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202.98
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44.00 cancel this
Clothes, Health & Beauty
Complimentary Therapies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Odds & Sods
Newspapers & Magazines. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Tax & NI Provisions (self-employed only). . . . . . . . . . . . . . . . . . . . 0.00
Regular Charity Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.75 cancel for now
Meals at work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Smokes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Coffees/Sandwiches/Snacks . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,615.14
Total monthly expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,103.36
Most of my debt has been accumulated through renovating the house for the last year and a half. We have only been moved in 2 months and this has happened.
Ive been trying to thing of options as I dont really want to be 32, in a lot of debt and no longer have a house to show for it and living with my Dad.
Ive been thinking of options to try and keep the house, such as renting it out. If I lived at home it would be free and if I could rent the house out for most of the mortgage that might work. Say if I had to pay £200 towards the mortgage then the rest of my pay £1,400 could go towards debt repayment.
I have filled in the questionnaire on cccs and it says to ring them rather then advising a DMP so Im guessing thats not good!
Has anyone got any advice for me, my head is a bit of a mess so I dont really know what would be the best action.
All advice greatly appreciated
Lisa
I think you will need professionL HELP tbh.
Hopefully your situation won`t change BUT if it does you will need support so ensure your close friend or family know xDebtFree FEB 2010!Slight blip in 2013 - Debtfree Aug 2014 :j
Savings £132/£1000.0 -
Thanks Savingmummy,
My family and friends know all about it and my Dad knows all about my debts. He said he could help me out short term but that really isnt the answer.
Im hoping my situation wont change too but if it does I need a plan. If it is all final then Im going to book an appointment with the bank to discuss the mortgage and my loan.
Im not in any arrears or missed any payments so I dont want to ruin my currently good credit rating.
Ive just ordered credit card statements so that my boyfriend and I can split the money weve spent of the house. Hes going to get a loan to pay for his half. Apparently they would normally charge £4 each for them but because I've been with them 5 years they arent going to charge me. Thats one good thing.
Thanks again
Lisa0 -
It is good you have a plan.
I really feel for you as you`ve been together a long time and built a home together.
At least he is sharing the debt that is something!
Your main priorities is the mortgage, council tax and utilities.
IF you do seperate will consider selling? renting out a room?
I think it is a good idea to get some help regarding your debt repayments, this will take some pressure off of you.DebtFree FEB 2010!Slight blip in 2013 - Debtfree Aug 2014 :j
Savings £132/£1000.0 -
hi
Is the mortgage payment £700 in total per month or £1400 in total?If you've have not made a mistake, you've made nothing0 -
Hi,
Ive posted on here before but my situation just got a lot worse. My boyfriend and I have split up and are having a 2 week break so that we can think clearly about everything before making it totally final.
We have a house together and I have a lot of debt. When everything is split down the middle I only have £100 spare cash a month after paying for essentials and my debts.
This would be my SOA if I was to pay for everything, as you can see its not good at all:
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Income from Employment (after tax). . . . . . . . . . . . . . . . . . . . . . . 1,615.14
Income from Self Employment (before tax). . . . . . . . . . . . . . . . . . . . 0.00
State Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Private Pension / Annuity Payout. . . . . . . . . . . . . . . . . . . . . . . . 0.00
Benefits (Inc. Child Benefit/Tax Credits & Income Support). . . . . . . . . . . 0.00
Income From Savings & Investments . . . . . . . . . . . . . . . . . . . . . . . 0.00
Gifts From Family / Friends . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Monthly Expense Details
In Your Home
Mobile Phone(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.00 REDUCE THIS
Overdraft Cost. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63.00 WHAT IS THIS FOR?
Motoring & Public Transport
Car Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Car Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00
Entertainment
Satellite/Digital TV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44.00 CANCEL THIS
Clothes, Health & Beauty
Haircuts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00 NEVER??
Odds & Sods
Regular Charity Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.75 CANCEL FOR NOW
Total monthly income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,615.14
Has anyone got any advice for me, my head is a bit of a mess so I dont really know what would be the best action.
All advice greatly appreciated
Lisa
Comments above, but you really need to re-post having hit the MSE button
I was born too late, into a world that doesn't care
Oh I wish I was a punk rocker with flowers in my hair0 -
Savingmummy - I will consider selling if I really have to but it would be awful. We have spent the last year and a half renovating it and it would kill me to have to sell it. But if I have to I obviously will aslong as it will sell for the outstanding mortgage.
I have thought about renting out a room but I dont think I could charge what I would need to which is why I was thinking of renting out the whole house.
RAS - the total mortgage is £700.
Lisa0 -
Your deficit is £500 ish. You can get £370 permonth tax free for a lodger.
Cancel the unnecessary expenditure and that is £50 ish.
You need to give us the proper details of the debts, APRs, card limits, end dates for loans.
But I cannot see how you would be able to remortgage the house in your name only, on your salary.If you've have not made a mistake, you've made nothing0
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