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Getting me down!!

SOA

Monthly Income ( Part Time 11.5 hours pw ) Trying to find another job.

£232


Monthly Outgoings

Benificial Finance £53.73 APR 38.9% Ends December 2008
Bus Pass £42.75
Barclaycard £11 Balance £400
Cineworld Unlimited Cinema Pass £10.99
PC World Finance £28.26 Apr 29.9%? Ends December 2009
PC World Finance £7.59 APR 29.9%? Ends July 2010
Virgin Mobile Contract £30 Ends January 2006
Provident £24 Balance £250 Ends April 2007

Also trying to sort repayment out for £2000 to debt collectors from great universal.

Living with GF and her parents all other outgoings I have is about £30ish food a month.

Thinking about calling up Beneficial Finance and asking them about lowering APR on the loan as they fone me about once every 2 months saying im a good customer ect. Also trying to see if they could consider putting both PC World and loan into one account as their same finance company.

Thanks In Advance.

Comments

  • Murtle
    Murtle Posts: 4,154 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Benificial Finance £53.73 APR 38.9% Ends December 2008 -
    Bus Pass £42.75 - can you not cut this down by walking?? or getting a bike? try freecycle and see if anyone has one they can offer
    Barclaycard £11 Balance £400
    Cineworld Unlimited Cinema Pass £10.99 - this is a luxury? needs to go
    PC World Finance £28.26 Apr 29.9%? Ends December 2009
    PC World Finance £7.59 APR 29.9%? Ends July 2010
    Virgin Mobile Contract £30 Ends January 2006 = phone them up and ask to reduce the tariff you are on, then reduce your calls etc so you don't go over the amount
    Provident £24 Balance £250 Ends April 2007

    You need to put some effort into getting another job, can you do bar work or restaurant work? stacking shelves in the evenings? anything.....

    A trip to CAB and asking them for some help to stop your creditors will be the best step. They can help get the interest frozen on outstanding loans/credit cards etc. Although be prepared for the companies to start phoning you etc.

    Good luck

    M
  • The cinewold pass is only thing I have hehe. Don't buy ant other stuff for myself. Work is about 9 miles from me and also starting college 5 miles from me so need bus pass. Can't reduce the tarrif on virgin. :o(
  • justruth
    justruth Posts: 770 Forumite
    between you and me, provident don't add interest if you pay less each week, as the original APRs are something ridiculous like 108%. Offer the collector £2 a week, they'll winge about it a bit, and the company will send threatening letters, however with £2 a week they won't actually do much about it. They do occassionally give you a bit of the interest back if you pay up early though, however since you really don't appear to be in a position to do that I'd go for the long haul.

    As things stand, your monthly outgoings are £238.32 and your income is £232. Thats a short fall every month. You seriously need to address your spending, as you appear to be buying things as you want them regardless. Get another job, even if it's a paper round! Find out how much you actually owe and DO NOT get into anymore debt!
    Debt £5600 all 0%
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    Once you have finished paying off Provident, PLEASE, PLEASE, avoid the temptation of borrowing any more from them.
    There is an EXCELLENT thread called 'OMG is this for real?', on this forum, where you will find all sorts of advice, and stories of people's experience with Provident.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
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