Frightened about my future

savingwannabe

Hello poppet.

You deserve a big hug and a big medal for being so brave. I hope you have been out in the garden. I have taken my best friend out for a birthday meal and she is so wonderful. We must remember our greatest blessings are our wonderful friends and not focus on nasty things.

I have had a fab day. I havent beaten myself up for about 4 hours which is fab!!!! I have even sold some cds on ebay!!!

I hope you are ok.

:j

mouseann

Thanks Savingwannabe,

Glad that you have had a good day.

Am also sorting out some stuff to Ebay - it is good to keep occupied!

And you are so right about friends and family being so important!

BLT_2

mouseann wrote: »

Have finally cracked the technology to prepare an SOA.
Not sure about the formatting, but that is the least of my worries.
Now wondering what will happen - wish I wasn't so worried!


Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1150
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1150
Monthly Expense Details
Mortgage................................ 250
Secured/HP loan repayments.............. 125
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 75
Electricity............................. 60
Gas..................................... 0
Oil..................................... 0
Water rates............................. 15
Telephone (land line)................... 20
Mobile phone............................ 5
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 100
Clothing................................ 0
Petrol/diesel........................... 10
Road tax................................ 10
Car Insurance........................... 35
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 25
Contents insurance...................... 14
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 807

Assets
Cash.................................... 0
House value (Gross)..................... 130000
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 132000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 30000....(250)......0
Secured Debt.................. 7500.....(125)......0
Total secured & HP debts...... 37500.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Tesco Visa.....................9920......197.......29.9
Barclaycard Visa...............10370.....234.......27.9
BarclaycardMastercard..........7238......145.......26.8
Next Directory.................264.......25........29
Laura Ashley store ............936.......38........24.9
Debenhams store card...........2490......100.......29.9
Capital One Visa...............2290......46........22.48
American Express...............7500......186.......24
M&S Reserve ...................4890......147.......29.9
RBS Mastercard.................9960......225.......29.9
HSBC Mastercard................9990......247.......29.9
Bank of Scotland Visa..........14950.....340.......29.95
Barclaycard Goldfish...........10330.....207.......26.8
Barclaycard Platinum...........7240......145.......26.8
John Lewis Mastercard..........8450......255.......16.9
Egg Visa.......................8050......230.......29.9
First Direct Visa..............8200......245.......19.9
M&S Credit Card................5050......127.......28.9
Total unsecured debts..........128118....3139......-

Monthly Budget Summary
Total monthly income.................... 1,150
Expenses (including HP & secured debts). 807
Available for debt repayments........... 343
Monthly UNsecured debt repayments....... 3,139
Amount short for making debt repayments. -2,796
Personal Balance Sheet Summary
Total assets (things you own)........... 132,000
Total HP & Secured debt................. -37,500
Total Unsecured debt.................... -128,118
Net Assets.............................. -33,618


The only reason I have managed up to now is by playing my cards off against each other. Now I am no longer working I do not have the additional cash needed for this!
Also, the interest rates have been racked up unrelentingly!
Can't blame anyone else, though. My own stupid fault!
Mouseann

Arrrghhh, this makes me so mad :-( Clearly the responsibility for taking out the credit cards lies with the OP, however yet again companies act irresponsibly, lending without restraint to an individual, probably on the basis of her being a homeowner.

Then as soon as they believe she may be having difficulties do they offer help, do they b*llocks, the vultures circle and raise their interest rates to see how much they blood they can squeeze out of the stone.

My advice would be to contact NID, provide details and see how many of them are unenforceable

mouseann

Thanks BLT,

I appreciate your view on this - it was my responsibility but I was hoping events would work out a bit differently!

And I have contacted NID who is giving me some invaluable advice - not sure what I would have done without him (or her?)

savingwannabe

Ann,

Just focus on one day at a time do NOT beat yourself up. Nice people who are v clever will be able to offer advice I am sure based on experience for things as they occur. You can only do your best and you are certainly doing that. We are all proud of the way you are handling this.

Everyone has such strange names. It is like the Dukes of Hazzard on their walkie talkies. Remember?

Big hugs,

:j

jinny

Well just opened a well deserved bottle of red wine. I've been on all day sorting paperwork into piles all of my debts Phew!. Ive put them away in their own files until tomorrow night after work when I will go through them more accurately to write off for CA's. They are all unsecured loans totaling around £8500 most taken out more than six years ago I think but I haven't scrutinized them properly yet. I have been concentrating on paying off my priority debts first as I am near to retirement age, so those are fine. I have a quantum gas meter for £400 owed The question I have is do I send off a letter to everyone because I only get pestered by about two of them pesky's and do I send a request to take me of their phone database at the same time.

macgirl

zippychick wrote: »

You're in control of it now and your head is in the sand no more:j. If you think about it logically - you can't do any more than you are doing , and you can't change what happene d in the past - but you can your future

Exactly that. No more beating your self up. The future is bright

jinny

jinny wrote: »

Well just opened a well deserved bottle of red wine. I've been on all day sorting paperwork into piles all of my debts Phew!. Ive put them away in their own files until tomorrow night after work when I will go through them more accurately to write off for CA's. They are all unsecured loans totaling around £8500 most taken out more than six years ago I think but I haven't scrutinized them properly yet. I have been concentrating on paying off my priority debts first as I am near to retirement age, so those are fine. I have a quantum gas meter for £400 owed The question I have is do I send off a letter to everyone because I only get pestered by about two of them pesky's and do I send a request to take me of their phone database at the same time.

I've posted this over on the templates thread as i think this thread is about support for mouseann but will look on here as well. Have a good evening everyone. I wish we could ask those three politicians tonight what they would do to help us struggling with debt.

mouseann

Hi Jinny,

That was exactly what I was thinking! If only someone was brave enough to ask them - making the banks reduce their interest rates to be in line with the Bank of England would have helped - too late for me now, but I am sure there are people out there who would benefit.

After you with the red wine!

savingwannabe

To cheer us all up:


A little girl asked her father, 'do all fairy tales begin with "Once upon a time"?
The father replied, 'No, some begin with - If I am elected.'


The government is sneaky. They raise the tax on alcohol, then make sure that the country is in such a mess that you drink more.


Don't vote - it only encourages them.


It's tough being a politician. Half your reputation is ruined by lies the other half is ruined by the truth!


Some people tell political jokes... we HAVE them!




I think, therefore I'm not an MP. - (Member of Parliament)

Only in America......do we use the word 'politics' to describe the process so well: 'Poli' in Latin meaning 'many' and 'tics' meaning 'bloodsucking creatures'.

:j