When Did I Upset Karma Gods So Much- HELP

masueuk

Only 2 days ago I put all of my money woes on here.... had a couple of people reply but basically we have outgoings twice what our income is and to pay off just the loans would take 14 years even with snowballing. So the upshot is we are now looking to up sticks, sell the house, pay the debts and start all over somewhere else without anything but that nothing includes no debts. So you might think... what is wrong with her.... well my darling OH got a letter today from his daughters mother saying we can see her.... oh boy does that cow know when to kick someone. We have a house worth about £145k and debts of £139 inc mortgage....... so what would you do ?

AA loan 17965 5.9%
northern rock 29964 5.6%
Barclaycard 7356 17.9%
Cahoot 10855 8.9%
MBNA 12972 19.9%
Total 79112

Income
Salary £1070pm
Incapacity ben: 347pm
total 1417

Expenditure £2943.22 made up of

Mortgage / Rent £310.00 varies depending on borrowing total, as at £65k
Buildings & Contents Insurance £41.97 legal and general
Council Tax £105.00
Water Rates / Meter £20.97
Electricity Bill £55.00 Dual energy until Oct 2007
Home Phone Bill £50.15 ntl ASKED THEM TO REDUCE THEY SAID NOOO
Internet Bill £9.99 ntl
Mobile Phone Bill(s) £70.89 mostly business related calls vodafone
garage £35.93 needed for work car and storage
Mortgage Payment Insurance £40.32
Mortgage Term Assurance £64.06
Pet Insurance £49.95
Gas & Plumbing Cover £7.31
Other Insurance £17.44 loan insurance for northern rock
Food & Household Shopping £433.00
Eating Out £15.00
Coffee / Sandwiches Out £5.00
Pet Food £75.00 3 dogs, two big ones
Drinks for Home £10.00
Other Eats, Drinks & Smokes £20.00 no smokes though, both of us quit 3 years ago.
Car Maintainence £10.00
Car Insurance £73.76 Class 2 for work car plus old car of mine
Car Tax £18.33
Parking £5.00
Petrol / Diesel / Gas £125.00 mostly work running
Personal Loan Repayments £537.34
Credit Card Repayments £110.00 does not include MBNA which OH pays from business.
Other Loan Repayments £30.00
Children's Travel £150.00 OH daughters live 70 plus miles away but that isnt happening just now... not a saving we welcome though
Hobbies £0.00
Pet Costs £52.00
Big Days Out £0.00
Book / Music / Films / Games £0.00
Cinema / Theatre Trips £12.00
TV Licence £11.00
Cost of Christmas £33.33
Cost of Winter Holiday £25.00 week in UK
Cost of Summer Holiday £25.00 week in UK
Cost of Birthdays £20.00
New Clothes £41.67
New Childrens Clothes £17.00
Work Clothes £20.00
Your Courses £20.00
Regular Charity Donations £0
Newspapers / Magazines £2.80
Dentistry £3.33
Haircuts £4.16
Optical Bills £4.17
Complimentary Therapies £23.00 Sports Physio for OH who has real problems with joints

I've tried to switch to First telecom but they called me back when I was out... no doubt they dont want me now as a customer.

Basically, we are totally screwed. the choices seem to be
1. Speak to CCCS and spend the next 15 years or so dreading phone calls and looking guilty all the time
2. Run away to Rio... too hot so thats not a goer
3. Go down the IVA route... again that isnt likely to make me or OH feel anything other than a failure
4. Sell up and rent... when we are old, if we move back to my home country (Scotland) we will get more spent on us than we would here (England) and not worry too much about having to sell assets for long term care... if we dont have them we cant sell them and in the meantime we can live our lives together without having to feel beholden to some little $h1t in a call centre who would have been a model Gestapo henchman 60 yrs ago. And anything we save in the meantime will be ours.... get my name down for a nice little flat by the sea for when I go doolally and bob is my father's brother.

if I seem a bit bright and breezy that is only a disguise, inside I am totally wrung out with tears and despair.

So... what would you do ?? answers please...

Mrs_Arkwright

masueuk wrote:

well my darling OH got a letter today from his daughters mother saying we can see her.... oh boy does that cow know when to kick someone.

Hi

I don't understand this bit - why is this a bad thing?

That was the first thing that stood out - I'll have a look at the SOA now

mrcow

Hi

Well firstly, I wouldn't sell my home, especially as the equity isn't going to anywhere near cover what you owe and then you've the worry of where are you going to live (if anything, once you've paid ea fees etc, you could well be worse off).

My honest opinion looking at your SOA is that you are throwing hundreds of pounds down the toilet every month. I'm reluctant to put what I actually think, as I worry that it may offend.

You are living WAY beyond your means (and I'm not talking about the debt repayments!) and I think by upping and moving on, you are just going to take your terrible habits with you.

You need to have a drastic rethink about what you're doing with your money, as most things that you have listed need to be scrapped as with an income of £1400 pm, you simply can't afford to live like this.

masueuk

sorry, what I meant was she said we cannot see his daughter, ... cant even type properly now.

Mrs_Arkwright

Ok

Your buildings and contents insurance seems high - we are with Esure for 20 quid a month.

Mobile - if they're business calls are you getting paid expenses for them?

Pet insurance/pet costs - what are these, as you already have accounted for pet food? Is the insurance an absolute necessity?

Food shopping - how many is that for, it's very high. I've just done last month's for two adults and two children for less than 240 - have a look on the Old Style board.

Coffee/sandwiches out - ditch. Take a packed lunch.

Drinks/eats for home - isn't this included in your food shopping?

Cinema/theatre - ditch.

Holiday costs - if you're in real trouble, then you may have to consider not going on holiday for a bit.

Some of this may sound harsh and I apologise for that, but when you're in the financial poo you have to make some sacrifices. I'm sure others will be along to give better advice than I have

Mrs_Arkwright

masueuk wrote:

sorry, what I meant was she said we cannot see his daughter, ... cant even type properly now.

Ah right, that makes more sense.

Well, if he's named on her birth certificate, he will have some rights. Visit the Citizen's Advice Bureau, or find a solicitor that will give you an initial half hour free consultation.

As for the rest of the SOA, I'm in agreement with the previous poster I'm afraid - there's an awful lot of money there going on nothing at all. But have a good old look around these forums and you will find loads of ideas on how to cut things down and pull the reins in.

frankie1_2

Well done for seeing the light!!
Many on the site have been through similar pains and will be happy to help and advise. It is natural to feel uncertain as to your options.
Why not give speak to CCCS. You are not bound to take this option on. I bet if you do speak you will have a clearer view.These guys can take a lot of the burden off you and they do not charge you a penny!
Selling up is another option. Do you really want to leave your home?
I took the Payplan option. I've got about 9 years of tough living ahead but feel better for dealing with my debts

sparklymessygirl

Here are my thoughts :eek: hope you don't mind me being blunt?

masueuk wrote:

....... so what would you do ?

AA loan 17965 5.9%
northern rock 29964 5.6%
Barclaycard 7356 17.9% can you transfer to lower lob rate?
Cahoot 10855 8.9%
MBNA 12972 19.9%again - transfer to lower rate?
Total 79112

Income
Salary £1070pm
Incapacity ben: 347pm can one of you get another job? the one who isn't incapacitated I mean
total 1417

Expenditure £2943.22 made up of

Mortgage / Rent £310.00 varies depending on borrowing total, as at £65k
Buildings & Contents Insurance £41.97 legal and general
Council Tax £105.00
Water Rates / Meter £20.97
Electricity Bill £55.00 Dual energy until Oct 2007
Home Phone Bill £50.15 ntl ASKED THEM TO REDUCE THEY SAID NOOO Why so high? can you stop using the phone so much?
Internet Bill £9.99 ntl
Mobile Phone Bill(s) £70.89 mostly business related calls vodafone
garage £35.93 needed for work car and storage
Mortgage Payment Insurance £40.32
Mortgage Term Assurance £64.06
Pet Insurance £49.95 shop around - my two big dogs cost £30
Gas & Plumbing Cover £7.31
Other Insurance £17.44 loan insurance for northern rock
Food & Household Shopping £433.00 agree - reduce
Eating Out £15.00stop
Coffee / Sandwiches Out £5.00stop
Pet Food £75.00 3 dogs, two big oneswhy so much? I get big 15Kg bags for about £20 - good quality too Purina Beta for adult maintenance
Drinks for Home £10.00should be in reduced shopping budget - no fancy stuff
Other Eats, Drinks & Smokes £20.00 stopno smokes though, both of us quit 3 years ago.
Car Maintainence £10.00
Car Insurance £73.76 Class 2 for work car plus old car of mine
Car Tax £18.33
Parking £5.00
Petrol / Diesel / Gas £125.00 mostly work running
Personal Loan Repayments £537.34
Credit Card Repayments £110.00 does not include MBNA which OH pays from business.
Other Loan Repayments £30.00
Children's Travel £150.00 OH daughters live 70 plus miles away but that isnt happening just now... not a saving we welcome though
Hobbies £0.00
Pet Costs £52.00 insurance and food is already covered so what is this?
Big Days Out £0.00
Book / Music / Films / Games £0.00
Cinema / Theatre Trips £12.00stop
TV Licence £11.00
Cost of Christmas £33.33downsize
Cost of Winter Holiday £25.00 week in UKstop
Cost of Summer Holiday £25.00 week in UKstop
Cost of Birthdays £20.00could this be reduced
New Clothes £41.67stop
New Childrens Clothes £17.00economise
Work Clothes £20.00
Your Courses £20.00
Regular Charity Donations £0
Newspapers / Magazines £2.80stop
Dentistry £3.33
Haircuts £4.16
Optical Bills £4.17
Complimentary Therapies £23.00 Sports Physio for OH who has real problems with joints

..

Sparkly x

halloweenqueen_2

Sorry to hear about your troubles, hope things go better for you.
Maybe it would be best to sell up?
Keep your chin up!

frankie1_2

Have had another thought.
If you give CCCS a ring they can tell you what monthly spends would be acceptable to your creditors, should you make a repayment arrangement with them. They are quite generous in some instances but tough in others. I know that petrol and phone allowances are pretty small

mrs_mug_2

masueuk wrote:

Only 2 days ago I put all of my money woes on here.... had a couple of people reply but basically we have outgoings twice what our income is and to pay off just the loans would take 14 years even with snowballing. So the upshot is we are now looking to up sticks, sell the house, pay the debts and start all over somewhere else without anything but that nothing includes no debts. So you might think... what is wrong with her.... well my darling OH got a letter today from his daughters mother saying we can see her.... oh boy does that cow know when to kick someone. We have a house worth about £145k and debts of £139 inc mortgage....... so what would you do ?

AA loan 17965 5.9%
northern rock 29964 5.6%
Barclaycard 7356 17.9%
Cahoot 10855 8.9%
MBNA 12972 19.9%
Total 79112

Income
Salary £1070pm
Incapacity ben: 347pm
total 1417

Expenditure £2943.22 made up of

Mortgage / Rent £310.00 varies depending on borrowing total, as at £65k
Buildings & Contents Insurance £41.97 legal and general This is quite high, we pay £35/month which includes cover on a lot of computer equipment - get a few more quotes
Council Tax £105.00
Water Rates / Meter £20.97
Electricity Bill £55.00 Dual energy until Oct 2007
Home Phone Bill £50.15 ntl ASKED THEM TO REDUCE THEY SAID NOOO
Internet Bill £9.99 ntl
Mobile Phone Bill(s) £70.89 mostly business related calls vodafone
garage £35.93 needed for work car and storage
Mortgage Payment Insurance £40.32
Mortgage Term Assurance £64.06
Pet Insurance £49.95 Is this essential? can you shop around for a better price or perhaps reduce the cover for a bit?
Gas & Plumbing Cover £7.31 again, essential? do you have an old system?
Other Insurance £17.44 loan insurance for northern rock have you seen the threads regarding PPI? Might be of interest to you regarding this..
Food & Household Shopping £433.00 How many does this feed? We're a family of 4 and our budget is £160 which includes cleaning products. I bet you can reduce this, have a look at the old style board for some ideas
Eating Out £15.00 Scrap it. Something has got to go
Coffee / Sandwiches Out £5.00 ditto
Pet Food £75.00 3 dogs, two big ones can you buy in bulk and negotiate a discount? change food brand?
Drinks for Home £10.00 reduce this-drink every other month or something
Other Eats, Drinks & Smokes £20.00 no smokes though, both of us quit 3 years ago. ditch 'em
Car Maintainence £10.00
Car Insurance £73.76 Class 2 for work car plus old car of mine
Car Tax £18.33
Parking £5.00
Petrol / Diesel / Gas £125.00 mostly work running
Personal Loan Repayments £537.34
Credit Card Repayments £110.00 does not include MBNA which OH pays from business.
Other Loan Repayments £30.00
Children's Travel £150.00 OH daughters live 70 plus miles away but that isnt happening just now... not a saving we welcome though
Hobbies £0.00
Pet Costs £52.00 what is covered in this if food and insurance are covered above?
Big Days Out £0.00
Book / Music / Films / Games £0.00
Cinema / Theatre Trips £12.00
TV Licence £11.00
Cost of Christmas £33.33
Cost of Winter Holiday £25.00 week in UK a winter AND a summer holiday? I've not had a holiday for 2 years and most probably won't have one until I'm debt free. Think about reducing this
Cost of Summer Holiday £25.00 week in UK
Cost of Birthdays £20.00
New Clothes £41.67 a month? how many for?
New Childrens Clothes £17.00 ditto. look on ebay. I've clothed my 2 children for a whole year with £40 in total
Work Clothes £20.00
Your Courses £20.00
Regular Charity Donations £0
Newspapers / Magazines £2.80
Dentistry £3.33
Haircuts £4.16
Optical Bills £4.17
Complimentary Therapies £23.00 Sports Physio for OH who has real problems with joints

I've tried to switch to First telecom but they called me back when I was out... no doubt they dont want me now as a customer.

Basically, we are totally screwed. the choices seem to be
1. Speak to CCCS and spend the next 15 years or so dreading phone calls and looking guilty all the time
2. Run away to Rio... too hot so thats not a goer
3. Go down the IVA route... again that isnt likely to make me or OH feel anything other than a failure
4. Sell up and rent... when we are old, if we move back to my home country (Scotland) we will get more spent on us than we would here (England) and not worry too much about having to sell assets for long term care... if we dont have them we cant sell them and in the meantime we can live our lives together without having to feel beholden to some little $h1t in a call centre who would have been a model Gestapo henchman 60 yrs ago. And anything we save in the meantime will be ours.... get my name down for a nice little flat by the sea for when I go doolally and bob is my father's brother.

if I seem a bit bright and breezy that is only a disguise, inside I am totally wrung out with tears and despair.

So... what would you do ?? answers please...

I'm a realtive newbie but I've just gone through a similar process - looked at my SOA before posting and thought 'i can't reduce that any more, surely'. But I've taken over £100 off. And we didn't have a social life to pay for before, or pets lol
You can definately reduce your outgoings to make a huge difference (i reckon about £422 a month) to you debts but you've got to want to make the sacrifices.

Best of luck with what ever you decide to do.