SOA please can anyone help me sort my debts

sarjo95

Right here it goes!!

House hold info
1 Adult
3 Children

Income Details
Monthly income after tax..£126.00
Benefits..£923.00
TOTAL................£1049.00


Monthly expenses
Rent..£44.00
Electric..£40.00
Gas..£40.00
Telephone,Internet..£30.00
T.V..£12.95
Sky..£9.95
Food..£400.00
Clothing..£50.00
Presents..£25.0
Haircuts..£25.00
Entertainment..£20.00
TOTAL........£696.90..

DEBTS Monthly
Provident loans..£182.00......Payment..£72.00
Greenwood loan..£1252.00.....Payment..£102.40
Shopacheck loan..£675.00......Payment..£112.00
Howard Cohen solicitors..£2312.00.....Payment...nothing
Lewis debt..£179.00....payment...nothing
Debt legal&Collections..£446.00...Payment..nothing
Post office..£55.00 Payment..nothing
Welcome finance..£2300.00..payment..£54.00
S.R.J Debt..£554.00..payment..nothing
Connaught collections..£79.00...Payment..£5.00
Eos solutions...£1033..payment...£15.00
Fredrickson international...£900.00...payment..nothing
TOTAL DEBT...£9967.00 TOTAL PAYMENTS...£360.40..

So as everyone can see i have alot of debt,and i am not paying all of them i really want to get this debts paid off as quickly as i can but most of all i want to do it myself with out paying a company to do it for me.. i forgot to mention i am with DEBT FIXERS who i pay £ 150.00 a month and they take a few of £35.00 a month,please can anyone help me???? Thanks very much..

PNPSUKNET

First of all contact ccs, dont pay for debt managment. It maybe worth you looking at a dro been honest as you have no actual assets.

sarjo95

Hi,what is a dro??

auntiesue

Hi sarjo95,

I am quite new on this board but have read a lot of threads. A DRO is a debt relief order. I don't know anything about how they work but I'm sure you can google it and hopefully someone with more knowledge will reply to you on here to help you out. Good luck.
Sue

sarjo95

Hi auntiesue,

Thanks very much,i will do that... Noone has really replyed but i will sort it out myself!!! Thanks for your help!.!.!

Sarah..

podperson

I don't think you will qualify for a dro, as far as I am aware it is only if you have £50 or less spare a month for the debts after you have paid all essential living expenses. An iva would possibly be an option but you would need to take advice on this.
First of all I would get rid of the debt company you are with. You are paying them £35 a month that could be going towards your debts. Just to clarify as your debt list is a little confusing - are you paying £360 to your debts as listed there or £150 to this debt company? And if they are doing you a dmp why are some companies getting nothing?
Would advise speaking to a free debt company like cccs or payplan who would be able to do the same thing for you but wouldn't charge a fee. They will also be able to go through your options and advise what they think would be the best option for you.

RAS

Get rid of debt fixers and speak to NDL, CAP or CCCS about you debts.

They can advise what is most appropriate, possibly a DMP, possibly a DRO or straight bankruptcy. You do not lok as if owe enough or have enough surplus to make an IVA a viable option.

dancingfairy

Hi Sarjo - you might have missed a few things off your SOA - have a look at the SOA at make sense of cards - for example you have nothing for water?, council tax (paid by benefits?), transport?, medical expenses - no dentist/opticians/prescriptions - ever?
You need to make sure you budget is accurate and viable otherwise when expenses crop up they will throw you.
I would agree with the others - get free advice - debt fixers (however good they are are taking money that could be going towards your debts).
df
Edit: SOA calculator here:
http://www.makesenseofcards.co.uk/soacalc.html

sarjo95

podperson wrote: »

I don't think you will qualify for a dro, as far as I am aware it is only if you have £50 or less spare a month for the debts after you have paid all essential living expenses. An iva would possibly be an option but you would need to take advice on this.
First of all I would get rid of the debt company you are with. You are paying them £35 a month that could be going towards your debts. Just to clarify as your debt list is a little confusing - are you paying £360 to your debts as listed there or £150 to this debt company? And if they are doing you a dmp why are some companies getting nothing?
Would advise speaking to a free debt company like cccs or payplan who would be able to do the same thing for you but wouldn't charge a fee. They will also be able to go through your options and advise what they think would be the best option for you.

Hi podperson

I pay debt fixers £150 a month and all my debts are getting paid with them,the £360 was what i was paying before i went with debt fixers,so where there are no payments i wasnt paying anything to that debt. I know it was confusing sorry it was confusing for me doing it lol,i just want to sort the debts myself really..

sarjo95

dancingfairy wrote: »

Hi Sarjo - you might have missed a few things off your SOA - have a look at the SOA at make sense of cards - for example you have nothing for water?, council tax (paid by benefits?), transport?, medical expenses - no dentist/opticians/prescriptions - ever?
You need to make sure you budget is accurate and viable otherwise when expenses crop up they will throw you.
I would agree with the others - get free advice - debt fixers (however good they are are taking money that could be going towards your debts).
df
Edit: SOA calculator here:
[
Hi Dancingfairy,

The £44 a month is for my water rates its through my housing association that i pay it,i dont pay any rent as i am on a very low income,and i dont pay for medical treatment,prescriptions or eyetests. I did do the soa but it woulnt let me post it on here for some reason..,

sarjo95

I would just like to thank everyone for there advice!!