I am new and here is my mess!!!

peachpie_2

Hi guys I am new on the boards. I am married a year and basically we wnat to think of a family sooner rather than later but I can't think about it until I get out of this mess I am in here are my debts:

Egg Loan 3508.01
Egg Card 3768.45
Barclay Card 250.00
Next 500.00
Littlewoods 64.00
Halifax CC 1090.83

Total 9181.29 :eek: NEver added it all up before

I really don't want to swap things around as we need to change the car after xmas and I had a check and my credit rating is at poor is this from all the searches I have had or is it as I have so much debt? Not sure why I am posting this but I guess now is the time to face up to how to get out of this.

bargainbetty

Hi Peach,

Welcome to MSE. If you go to the top of the first board, and use the link to set up your SOA (statement of affairs), I am sure everyone will be right along to help you!

Lots of lovely bods in here, with very smart ideas too

Good luck hon x

peachpie_2

sorry hun can't find where you mean?

tyllwyd

She means this thread here
http://forums.moneysavingexpert.com/showthread.html?t=107280

Smashing

This thread here - for first time posters pinned near the top of the board. It explains how to do a SOA so people here can best help you.

tesuhoha

Are you on the electoral roll? If you are not, that really brings down your credit rating.

peachpie_2

thanks for that! Yep I am on the electrol roll.

ok here goes


Monthly Incomings:

My salary - £1220.00
Partners salary - £822.00
Benefits - 0.00

Total - 2042.00

Monthly Outgoings:

Mortgage/Rent - £570
Rates - 70.00
R.London (Insur policy) 16.00
Petrol - 100.00
Life Cover - 9.00
Mort Prot - 16.00
Internet - 15.00
Sky - 46.00
O2 - 20.00
House Ins 16.00
Phone - 20.00
Electric - 26.00
Food - 200.00
TV Lic - 10.50
Oil - 45.00
Money for us - 150 each

Total: £1479.50

Egg CC – Balance £3768.00 (limit £4300) APR 15.9% for purchases

Egg Loan – Balance £3508.01 APR 7.7% Finish Feb 09

Overdraft - £300 (limit £950.00) no charge with abbey

Next - 500.00 (limit 5500.00)

Littlewoods - 64.00 Limit 1500.00

Halifax CC - 1090.83 (limit 1500.00) 0% apr promotion

peachpie_2

Sorry should have said monthly payments

Egg CC – Balance £3768.00 (limit £4300) APR 15.9% for purchases 160.00 per month

Egg Loan – Balance £3508.01 APR 7.7% Finish Feb 09 140.00 per month

Overdraft - £300 (limit £950.00) no charge with abbey

Next - 500.00 (limit 5500.00) 50.00 per month

Littlewoods - 64.00 Limit 1500.00 20.00 per month

Halifax CC - 1090.83 (limit 1500.00) 0% apr promotion 50.00 per month

lynzpower

What does the "money for us" 150 mean? ie what does it cover? theres 300 there that couold be better used clearing off that next card, as they have horrendous interest.

tesuhoha

I cant see why your credit rating is poor because cc companies like people who have debt and your available credit and total debt arent that high (although the debt is high to you of course, its not to them). Have you missed any payments at all? Or do you have any accounts at nil balance that you dont use but are open?

Bestthingsinlifearefree

Hi Peachpie,

Welcome to MSE.

Just a quick point the Sky needs to go or at the very, very, least reduce the package (e.g there is plenty of sport or films on ITV / BBC / Channel 4 / 5 etc etc)

Best,