PLEASE help me, loads of debt, sick with worry.

loupoppins

Yep, he isnt eligible .

podperson

Hi Loupoppins,

Would first suggest looking at whether there are any charges on the ccs that you could claim back (I am in process of claiming mine and am hoping is going to take a big chunk out of the balances).

To be honest I found CCCS to be a bit ineffectual as well, was with them for a few years and while for the first few months it was lovely not to have to worry about payment then when the credit cards were asking for higher payments and threatening court action they basically did nothing to help

If remortgage is not an option (and I would check the legal implications of that with a charging order as I'm sure I read somewhere that they don't affect remortgages, only if you are actually selling the property) then I would consider looking more into the payment break option. Yes it might not seem like a long term solution but if think about the fact that you would have an extra £1000 a month to throw at the high interest credit cards for say 6 months then it could make a big difference to the interest you get stuck with in the future and the overall payments you will have to make.

Good luck with it!

verystupidwithmoney

loupoppins wrote: »

oops...got some figures wrong....try this:


Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 6
Number of cars owned.................... 2 not possible to go down to just one?
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 2763
Benefits................................ 550
Other income............................ 0
Total monthly income.................... 3313
Monthly Expense Details
Mortgage................................ 1007
Secured/HP loan repayments.............. 35
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 145
Electricity............................. 120
Gas..................................... 0
Oil..................................... 0
Water rates............................. 55
Telephone (land line)................... 39 seems quite high? considering no broadband? no deals you could look for? your telephone and BB is 48 a month. mine is 30?
Mobile phone............................ 30 contract or pay as you go? I was spending 30 a month on a contract but moved to pay as you go. now I pay 10 pound a month!
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 9
Groceries etc. ......................... 500
Clothing................................ 75
Petrol/diesel........................... 250
Road tax................................ 30
Car Insurance........................... 71
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 50
Childcare/nursery....................... 0
Other child related expenses............ 100
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 11
Buildings insurance..................... 21
Contents insurance...................... 0
Life assurance ......................... 24
Other insurance......................... 15
Presents (birthday, christmas etc)...... 40
Haircuts................................ 10
Entertainment........................... 40
Holiday................................. 0
Emergency fund.......................... 40
Total monthly expenses.................. 2779

Assets
Cash.................................... 0
House value (Gross)..................... 205000
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 207000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 174722...(1007).....0
Secured Debt.................. 17957....(35).......0
Total secured & HP debts...... 192679....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
lloyds loan....................23822.....147.......0
lloyds cc......................2747......38........0
egg cc.........................7000......93........0
marlin ........................10000.....131.......0
cabot..........................2000......15........0
Total unsecured debts..........45569.....424.......-

Monthly Budget Summary
Total monthly income.................... 3,313
Expenses (including HP & secured debts). 2,779
Available for debt repayments........... 534
Monthly UNsecured debt repayments....... 424
Amount left after debt repayments....... 110
Personal Balance Sheet Summary
Total assets (things you own)........... 207,000
Total HP & Secured debt................. -192,679
Total Unsecured debt.................... -45,569
Net Assets.............................. -31,248
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.

God, just going through the papers its all SUCH a mess. More fool me for leaving DH to sort it so far....

so, out of above debts Northern rock have a CCJ and Charging order (hence me putting it under secured loans)against us. We still pay them through the CCCS
Marlin have a CCJ but NO charging order. For reasons I'm not clear of we pay them seperately by standing order and not through CCCS

LLoyds is now persuing a CCJ in respect to the loan I think. Not clear why now when they have accepted our payments up till now???

thanks alot.