Help Me Get Out Of Debt - Advice Please

killakz

Please Give Me Some Advice On What To Do Wilth All The Money I Owe Out To The Creditors Listed Below, I Was Ok Spending The Money But Now I Need To Get Rid Of Them And Be Debt Free

I Am Not Paying Anything Back At The Moment And They Have All Gone Into Default

CREDIT ACCOUNT MANAGEMENT - £332.00
NATIONWIDE BUILDING SOCIETY - £125.00
VODAFONE - £1242
CREDIT ACCOUNT MANAGEMENT - £190.00
ORANGE PCS - £441.00
CAPQUEST £5131
NATWEST BANK - £419.00

Please give me advice on what i should do my total debt is £7880

catmiaow

Would say to write to them all to try an arrange some sort of payment, even if £1 per week. Posting on here an SOA would help us to help you more.

killakz

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 860
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 860
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 240
Management charge (leasehold property).. 0
Council tax............................. 40
Electricity............................. 35
Gas..................................... 40
Oil..................................... 0
Water rates............................. 10
Telephone (land line)................... 0
Mobile phone............................ 35
TV Licence.............................. 15
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250
Clothing................................ 35
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 45
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 780

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
CAM............................332.......332.......0
NBS............................125.......125.......0
VODA...........................1242......1242......0
NATWEST........................419.......419.......0
CAPQUEST.......................5131......5131......0
ORANGE.........................441.......441.......0
CAM............................190.......190.......0
Total unsecured debts..........7880......7880......-

Monthly Budget Summary
Total monthly income.................... 860
Expenses (including HP & secured debts). 780
Available for debt repayments........... 80
Monthly UNsecured debt repayments....... 7,880
Amount short for making debt repayments. -7,800
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -7,880
Net Assets.............................. -7,880
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

DarkConvict

heh you have some typing OCD with those capital letters, anyway.

killakz wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 860
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 860
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 240
Management charge (leasehold property).. 0
Council tax............................. 40
Electricity............................. 35 (can you get it cheaper?)
Gas..................................... 40 (can you get it cheaper?)
Oil..................................... 0
Water rates............................. 10
Telephone (land line)................... 0
Mobile phone............................ 35 (lower the tariff down if possible)
TV Licence.............................. 15
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 250 (Miles to high, 1 person should be £60-100 for a month)
Clothing................................ 35 (Again to high, buy only when you need to replace, drop to 10)
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 45
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15 (Drop to £5, i personally have my hair cut 1-3 times a year at £9 each)
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 780

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
CAM............................332.......332.......0 (Monthly payment is wrong)
NBS............................125.......125.......0 (Monthly payment is wrong)
VODA...........................1242......1242......0 (Monthly payment is wrong)
NATWEST........................419.......419.......0 (Monthly payment is wrong)
CAPQUEST.......................5131......5131......0 (Monthly payment is wrong)
ORANGE.........................441.......441.......0 (Monthly payment is wrong)
CAM............................190.......190.......0 (Monthly payment is wrong)
Total unsecured debts..........7880......7880......- (Monthly payment is wrong)

Monthly Budget Summary
Total monthly income.................... 860
Expenses (including HP & secured debts). 780
Available for debt repayments........... 80
Monthly UNsecured debt repayments....... 7,880
Amount short for making debt repayments. -7,800
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -7,880
Net Assets.............................. -7,880
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

You need to increase your income, £800 is not alot to go on.

Benefits - http://www.turn2us.org.uk/benefits_search.aspx
Up your income - http://forums.moneysavingexpert.com/forumdisplay.php?f=145

As to dropping down that groceries bill
My topic - https://forums.moneysavingexpert.com/discussion/2234113
Old style saving (good tips in here, post there for advice) - http://forums.moneysavingexpert.com/forumdisplay.php?f=33

Find out your APR and monthly figures and drop them into the snowballing calculator - http://www.whatsthecost.com/snowball.aspx