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

angelfacecuti75

that was new one , xxx

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

angelfacecuti75

did anyone look at this? can anyone help? its got worse...

Nottoobadyet

angelfacecuti75 wrote: »

[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 is there any way to up your income at all? sorry if I missed it earlier in the thread, but is there a good reason you dont get CSA?
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 this seems quite high if you also have a mobile
Mobile phone............................ 30 can you get this any cheaper? maybe on PayG?
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 15 can you maybe tie this in with the landline for a better rate?
Groceries etc. ......................... 100 Good!
Clothing................................ 80 :eek: you spend almost as much on clothes as food! Thats huge per month. Use what you have for a bit, not sure how old your son is but maybe you can go with bundles of clothes off ebay etc for now?
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 30
Childcare/nursery....................... 120 Do either you or OH get credits through work or anything that could help with this?
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 what is this? can you sell it to pay off the simply yours debt?
Total Assets............................ 1000

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
simply yours...................1000......36........30 :eek:
additions......................2881......127.......40 :eek:
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

Im no expert on this but I've added my thoughts. Have you looked into a DMP?

angelfacecuti75

hi i was thinking of getting a 2nd ob but this isnt really possible, i am a mum as well. I have a bit of ebay stuff to sell but thats about it. The 1000 as what my laptop is worth i spose.... x

Nottoobadyet wrote: »

Im no expert on this but I've added my thoughts. Have you looked into a DMP?

katsu

angelfacecuti75,

Welcome Does your partner know about the debts? If you have a child together then the finances really are a joint issue. Is he in a position to help you clear the payday loans?

Could you do a joint SOA together and look at the best way to manage your joint expenses and money - just looking at what you spend, what the things you split between you are etc? Maybe you are paying too many of the child costs or something, proportionate to your income?

You could try contacting your local credit union to see if they can lend you a loan to pay back the payday loans. This would help make your situation more manageable.

Good luck.

angelfacecuti75

whats a dmp? like an iva?

angelfacecuti75 wrote: »

hi i was thinking of getting a 2nd ob but this isnt really possible, i am a mum as well. I have a bit of ebay stuff to sell but thats about it. The 1000 as what my laptop is worth i spose.... x

Nottoobadyet

A DMP is a debt managment plan where you make informal agreements with your creditors to take reduced payments if you cant afford full ones. There is loads of information here on DMPs, take a look at the sticky threads on top of the board.

angelfacecuti75

hey there,
he does know and tries to help - my work have a vouchers scheme for childcare maybe i cud do that?

katsu wrote: »

angelfacecuti75,

Welcome Does your partner know about the debts? If you have a child together then the finances really are a joint issue. Is he in a position to help you clear the payday loans?

Could you do a joint SOA together and look at the best way to manage your joint expenses and money - just looking at what you spend, what the things you split between you are etc? Maybe you are paying too many of the child costs or something, proportionate to your income?

You could try contacting your local credit union to see if they can lend you a loan to pay back the payday loans. This would help make your situation more manageable.

Good luck.

NorthernLas

Hi there - Have you looked at the links posted by Dark Convict in post 2? They are for debt charities who can help like CAB, CCCS (they do not charge for this service). You might find it easier talking things through as well as posting on this board.
Writing to creditors and telling them is a good suggestion (also one of DC's posts) as is investigating if there is a credit union or whether your OH can help with paying off the payday loans.
You have made steps and realise there is a problem - well done, keep going!