In debt crisis never posted on here before please help...

angelfacecuti75

Please let me explain this, i have put 350 down here because me and partner split the bills so he deals with c tax water etc so this is half - i wanted to discount partners wages as dont share money between us and want it to stay this way really.

[tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 979
Partners monthly income after tax....... 1000
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 2099
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 350
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 35
Mobile phone............................ 30
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 100
Clothing................................ 80
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 120
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 5
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 12.5
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
taxi.................................... 30
Total monthly expenses.................. 817.5

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 1000
Total Assets............................ 1000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
next catalogue ................458.......57........29
additions......................2881......127.......40
dotty p card...................250.......10........10
payday loan defered............150.......30........0
payday loan this mont..........168.......168.......0
catalogue .....................42........20........0
cap one card...................112.......12........30
vanquis cred card..............274.......24........35
new look card..................125.......5.........29.9
simply yours...................1000......36........30
Total unsecured debts..........5460......489.......-

Monthly Budget Summary
Total monthly income.................... 2,099
Expenses (including HP & secured debts). 817.5
Available for debt repayments........... 1,281.5
Monthly UNsecured debt repayments....... 489
Amount left after debt repayments....... 792.5
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -5,460
Net Assets.............................. -4,460

DarkConvict

There are a few things missing from the budget unless your OH pays them.

But the big issue you have is simple

Amount left after debt repayments....... 792.5

Where does it go! You can be debt free in 12 months if all of that goes to your creditors using snowballing - http://www.whatsthecost.com/snowball.aspx

Keep a spending diary and write down everything you spend to gauge where it is going.

churchrat

hi
had a quick look--are you missing few things from the soa. I see nothing for council tax, or fuel --are these in with your rent?
It looks not too bad at all if everything is in there.

churchrat

angelfacecuti75

[hey there to the lady who just posted, i think part of it is due to being sacked from my job after having my lil boy, then using credit to pay rent and bills etc as was in desperate situation. then temping, again having not enuf money but being miserable about it, then getting in to more debt, then having a really low paid job, using my savings to get me out of debt and then in this job which isnt going so well using money to make me happy and for treats and taking out payday loans for xmas and not being able to keep up with it.
emma

angelfacecuti75

hi partner splits these with me, its the payday loans that get me and me and partner dont split money so his money is his and mine is mine, had od charges this month which was £150 x

churchrat wrote: »

hi
had a quick look--are you missing few things from the soa. I see nothing for council tax, or fuel --are these in with your rent?
It looks not too bad at all if everything is in there.

churchrat

angelfacecuti75

and if this is meaning car fuel - i dont drive partner does xxx

churchrat wrote: »

hi
had a quick look--are you missing few things from the soa. I see nothing for council tax, or fuel --are these in with your rent?
It looks not too bad at all if everything is in there.

churchrat

Nottoobadyet

I think the surpluss is showing up because you're putting in all of your partners salary, but from what you're saying thats not really avaliable to pay your debts. Am I missunderstanding or can you revise the SOA?

DarkConvict

Payday loan APRs are in the 1000s pay these first

Sadly you have spent loads on high apr catalogues aswell additions and simply yours. Whilst these are higher than some other cards, i would honestly pay off cap one, vanquis and new look cards before working on these debt purely to reduce the amount of paperwork and stress coming though the door as they can be paid off quickly.

Description....................Debt......Monthly.. .APR
next catalogue ................458.......57........29
additions......................2881......127...... .40 (make this your main target, due to high apr)
dotty p card...................250.......10........10
payday loan defered............150.......30........0 (Pay asap)
payday loan this mont..........168.......168.......0 (Pay asap)
catalogue .....................42........20........0 (small debt so get it paid next)
cap one card...................112.......12........30 (small debt so get it paid next)
vanquis cred card..............274.......24........35 (small debt so get it paid next)
new look card..................125.......5.........29.9 (small debt so get it paid next)
simply yours...................1000......36........30 (make this your 2nd main target, due to high apr)

Ask creditors to reduce/freeze interest - http://www.nationaldebtline.co.uk/england_wales/debt_advice.php#6

angelfacecuti75

i could do i am on my own for the evening so plan to get this a bit sorted whilst i have a bit of time xxx one soa coming up x

angelfacecuti75

[tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 979
Partners monthly income after tax....... 0
Benefits................................ 120
Other income............................ 0
Total monthly income.................... 1099
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 350
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 35
Mobile phone............................ 30
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 100
Clothing................................ 80
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 30
Childcare/nursery....................... 120
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 5
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 12.5
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 817.5

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 1000
Total Assets............................ 1000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
simply yours...................1000......36........30
additions......................2881......127.......40
next...........................681.......101.......29.9
vanquis........................274.......24........35
cap one .......................118.34....18.34.....30
payday loan defer..............150.......30........0
payday loan....................168.......168.......0
hsbc overdraft.................1240......0.........20
hsbc loan......................224.......56........11
other catalogue ...............42........20........0
dorothy perkins ...............250.......10........29.9
new look ......................5.........125.......29.9