Help me please - I want to DO THIS this time and save my sanity

HateMyself_2

Can anyone tell me?

CCCS - if you go with them and have a DMP does it affect your credit rating?

I dont want any credit again EVER so Im not concerned about that but dont want to do anything that will jeapordise getting a decent deal on a mortgage when our current offer runs out (next year)

I am about 30k in debt, not even sure of total figure, my head is in the sand, my husband doesnt know.

I hate it

hate it

hate it

and hate myself too

all my fault

i have spendaholic tendancies but i have stopped needless spending, cut all my credit cards up 4 months ago but not before i had managed to spend thousands on them

Decadent_Fool

Firstly, I can't offer any advice on this, but just wanted to let you know you're not alone; you've just found a new supportive family

You've made the first important step, if you can get a statement of account together ('SOA') then that's what's needed. It'll be scary though, but nothing that you won't find a solution for...

...and trust me, topping yourself isn't the way out (and anyway if you did, you'd be in big trouble with us here ! )

littlereddevil

Many people will come on and help you just hold in there.
You are not alone

summerday

Hi there,

Sorry I don't know the answer to your question either, but I'm sure someone will be along soon who does know.

Just wanted to say- you sound like you are carrying a huge burden on guilt and are very angry at yourself. Please remember that yes, while you have overspent and run up debts, that does NOT make you a criminal or a bad person. And you're in good company on this board- lots of us have made the same mistakes as you, we're all human

You mentioned your husband doesn't know - I realise it is none of my business, but as you are married and this is something that potentially affects you both, wouldn't it be better if you could build up the courage to share the true situation with your husband? These things have a habit of being found out eventually anyway, and better that it comes from you in the words you prefer to use, than by your husband finding bills etc. Also, it would probably be a big reief to you, might help you to forgive yourself a bit esp if husband is supportive.

You have made big progress and changed your habits already, this is a huge first step so feel proud of yourself.

Take care,
sarah x

HateMyself_2

Your Income Amount
Your take home pay £500
Your partner's take home pay £1,750
Rent/board received
Pension received
Any other income received
Income Support
Jobseekers Allowance
Your Income Amount
Incapacity Benefit
Disability Living Allowance
Working Tax Credit
Child Benefit £126
Child Tax Credit
Child Support £174
Total income £2,550
Housing Amount Comment
Rent
Mortgage £563
Secured loans/2nd mortgage
Mortgage endowment premium
Service charge/ground rent £2
Water £24
Council tax £101
Gas £40
Electricity £40
Other household fuel
Household services
Building and contents insurance
Telephone, mobile & internet £50
TV licence £11
Satellite £21
Repairs and maintenance
Household appliance rental
Child maintenance
Childcare £112
Fines, CCJs, Decrees
Life insurance/pensions
Medical/accident insurance
Hire purchase £50 5 months left
Transport
Car spares and servicing £20
Road tax £17
Motor insurance £75
Car breakdown cover
Fuel & parking £180
Public Transport
Food & housekeeping
Food, toiletries, cleaning £300
School meals/meals at work £55
Pets, pet food/insurance £20
Tobacco £50
Misc. goods & services
School trips/activities £10
Medicines/prescriptions £10
Dentist/opticians £14
Hairdressing £16
Union/professional fees
Laundry/dry cleaning
Education fees
Personal & leisure
Clothing & footwear £53
Newspapers/magazines £10
Sports, hobbies, entertainment £20
Children's pocket money £20
Church/charity donations
Sundries/emergencies/other costs
Sundries/emergencies £20
Loan from family/friend
Other
Total expenses £1,904
Additional information Comment
No of adults 2
Dependants 2
Totals Amount
Total income £2,550
Total expenses £1,904
Surplus (Deficit) £646
Your Creditor List
The figures in this creditor list are based on those supplied by you during the preparation of your Debt Remedy.
Creditor name Debt type
Outstanding
balance
Contractual
payment
Ownership
of debt
1
Alliance and
Leicester
Personal
Loan
£11,500 £239 Joint
2
Alliance and
Leicester
Overdraft £800 £40 Joint
3 Barclaycard Credit Card £350 £8
My
Partner
4 Barclays Overdraft £1,600 £80
My
Partner
5 Egg Credit Card £5,938 £154 Me
6 egg money card Credit Card £2,162 £48 Me
7 HSBC Credit Card £416 £15 Me
8 HSBC Overdraft £90 £5 Me
9 MBNA Credit Card £4,948 £30
My
Partner
10 Next Catalogue £350 £35 Me
11 Smile Overdraft £500 £25 Me
TOTAL £28,654 TOTAL £679

HateMyself_2

I have just completed the CCCS thing and it produced this statement for me.

It has suggested a DMP of £646 a month but the thing is alot of these things Im paying nothing on (the overdrafts, they are all within their limits) so the DMP would actually be MORE than were paying out now.

However, they said I would be debt free in 3 years 9 months. IMAGINE THAT?????

I thought that I would be in for the long haul and certainly the way I am going would take YEARS to pay off.

Im really not sure what to do

Emmzi

HM,

I have had a go at making the statement a bit easier to read, hope that is ok - it will make it easier for people to offer advice.

Your Income Amount
Your take home pay £500
Your partner's take home pay £1,750
Child Benefit £126
Child Support £174
Total income £2,550


Mortgage £563
Service charge/ground rent £2
Water £24
Council tax £101
Gas £40
Electricity £40
Telephone, mobile & internet £50
TV licence £11
Satellite £21
Childcare £112
Hire purchase £50 5 months left
Car spares and servicing £20
Road tax £17
Motor insurance £75
Fuel & parking £180
Food, toiletries, cleaning £300
School meals/meals at work £55
Pets, pet food/insurance £20
Tobacco £50
School trips/activities £10
Medicines/prescriptions £10
Dentist/opticians £14
Hairdressing £16
Clothing & footwear £53
Newspapers/magazines £10
Sports, hobbies, entertainment £20
Children's pocket money £20
Sundries/emergencies £20
Total expenses £1,904


Total income £2,550
Total expenses £1,904
Surplus (Deficit) £646

Debts
Alliance and Leicester Personal Loan
£11,500 £239 Joint
Alliance and Leicester Overdraft £800 £40 Joint
Barclaycard Credit Card £350 £8 My Partner
Barclays Overdraft £1,600 £80 My Partner
Egg Credit Card £5,938 £154 Me
egg money card Credit Card £2,162 £48 Me
HSBC Credit Card £416 £15 Me
HSBC Overdraft £90 £5 Me
MBNA Credit Card £4,948 £30 My Partner
Next Catalogue £350 £35 Me
Smile Overdraft £500 £25 Me
TOTAL £28,654 TOTAL £679

My main comment is, although you say your OH doesn't know - only less than 9k of this debt is yours alone - and he has about £7000 in his name alone - and the rest is joint. So I do not think you are 'worse' than him, you are about the same!

What would you like suggestions on? People here have all kinds of advice about
- how to make cut backs
- DMP, IVA or other options
- telling your partner

What would be most useful to you?

jessicamb

Hello there

Can I suggest you put in a call to the CCCS and make an appointment to speak with somebody - they will be able to give you the professional advice and help you deal with the creditors.

In terms of your SOA just a couple of points I noticed.

The £300 food budget looks a little high - if you have a good look around the Old Style board here you will see lots of ideas on things like meal planning/storecupboard use ups that will help you cut down on this substantially.

Tobacco - maybe consider stopping to save the £50

Can you do anything to earn extra income?

Have you checked that you have got the cheapest possible telephone/internet packages, insurances, etc. Phone/Internet at £50 looks very high.

Get rid of Sky and this will save you £21 a month - you can switch it to Freesat and get the freeview channels through your sky dish.

In terms of your mortgage renewal if you are currently defaulting on your payments to other creditors I think that this will be shown on your credit report at present - so could affect your chances of getting a new deal - but I'm sure that CCCS will be able to look at all the specifics and give you specialised advice on that.

Good luck.

vics_1982

Your take home pay £500
Your partner's take home pay £1,750
Child Benefit £126
Child Tax Credit
Child Support £174
Total income £2,550

Mortgage £563
Service charge/ground rent £2
Water £24
Council tax £101
Gas £40 - this seems high, are you repaying old bill?
Electricity £40 - this seems high, as above
Telephone, mobile & internet £50 - you can get much cheaper,shop around
TV licence £11
Satellite £21 - is this essential, how about a freeview box?
Childcare £112
Hire purchase £50 5 months left
Car spares and servicing £20
Road tax £17
Motor insurance £75 - this is very high, try insure supermarket
Fuel & parking £180 - any way to reduce this, public transport etc
Food, toiletries, cleaning £300 try the o/s shopping challenge
School meals/meals at work £55 - can packed lunch be done?
Pets, pet food/insurance £20
Tobacco £50 - no comment as i to am a smoker!
School trips/activities £10
Medicines/prescriptions £10
Dentist/opticians £14
Hairdressing £16
Clothing & footwear £53
Newspapers/magazines £10 - lots are available straight off here websites.
Sports, hobbies, entertainment £20
Children's pocket money £20
Sundries/emergencies £20
Total expenses £1,904

Additional information Comment
No of adults 2
Dependants 2

Total income £2,550
Total expenses £1,904

Surplus (Deficit) £646

Your Creditor List
1
Alliance and
Leicester
Personal
Loan
£11,500 £239 Joint
2
Alliance and
Leicester
Overdraft £800 £40 Joint
3 Barclaycard Credit Card £350 £8
My
Partner
4 Barclays Overdraft £1,600 £80
My
Partner
5 Egg Credit Card £5,938 £154 Me
6 egg money card Credit Card £2,162 £48 Me
7 HSBC Credit Card £416 £15 Me
8 HSBC Overdraft £90 £5 Me
9 MBNA Credit Card £4,948 £30
My
Partner
10 Next Catalogue £350 £35 Me
11 Smile Overdraft £500 £25 Me
TOTAL £28,654 TOTAL £679[/QUOTE]

Hello there, have been looking through you soa, can you give us the aprs for the above amounts owed, I know it doesnt seem like it now but this really isn't bad, there are so many more things precious than money!, would you not be able to talk about this to your husband? If you have spent he above on you and your family surley he will understand and trust me it feels a hell of alot better when you are both aware of the problem and sharing it.

I am unsure about how credit will be affected on dmps etc but someone will be along to help in no time,

Please dont feel down, i know its easier said than done but there is always another way!

Big hugs coming your way

Vics

HateMyself_2

Hi

Thanks for making it easier to read!

I have had complete control over our finances.We are 25 with 2 kids and the cards in his name and joint names are accounts opened by me. He only has knowledge of a few. He knows we arein debt but not how extreme it is.

I am actually quite angy with him for sailing through leaving m to do [a terrible job of] dealing with our finances.

HateMyself_2

I am not actually behind on any of the credit commitments, so not sure if we will have any default notices. Have had a couple of late payments though.

The Gas and Elec are high as we have recently had to get meters fitted to pay off a debt built up.

The car insurance is for 2 cars. Im hoping this will go down this year now we are 25.