Negotiating mortgage payment holiday

conar686

GingerSte wrote:

Do you mean SOA (Statement of Affairs)?

Sorry if you meant something else.

FSA - Finacial Statement of Affairs

GingerSte

There's a sticky thread about it on the DFW forum. Basically it's just a list of incoming and outgoing money - how much you earn (and where it comes from), and where its spent.

I include the "where it comes from" because there's a whole host of benefits out there that some people are entitled to. I don't have the first idea on those, but there people that know their onions and should be able to help you out.

CLAPTON

just write in here

details of income

details of spending

details of debts and monthly payments

some details of your situation, OH, any children
value of house and size of mortgage

conar686

With a debt mgmt company every penny is looked at - as stated above I'm creating space by using advice from the forums by changing Ins companies, haggling & getting reductions from Sky etc, however its not enough to do the xmas thing.

Off to think again & look serously at 2nd income for me & the one who must be obeyed

TOTAL MONTHLY EXPENDITURE £3,600.08
TOTAL MONTHLY INCOME £3,775.53
Payment to Debt mgmt company for creditors £175.45

Above calculated using MSE budget spreadsheet

GSD4ME

I know Christmas is VERY important for the family, but you do not have to spend loads to make it great.

We never had any money when I was a kid, but Christmas was brilliant as my Dad used to make it so. He used to organise a hidden treasure every year and we got little cheap presents at the end of it, but just finding them with all the family joining in to help, was all the fun.

PM me if you need any more info on this.

I know it is easy to spend money on your children, but your home is much more important than a few extra presents.

Good luck

bendabomb

When I was skint a few years ago I found work in a hotel over Xmas. Loads of company Xmas parties means they are often short-staffed. I went round the hotels at the beginning of December and had a few different offers. It was knackering to be honest, but it did pay for the presents without me going overdrawn.
One lady asked me why I was working that night, and I said to pay for my family's Xmas. She gave me a tenner. There are quite a few tips to be had doing bar work.
I know it's not for everyone, but it is 100% better than getting deeper in debt.
Thankfully I am back earning good money again but that dose of redundancy taught me to count my blessings, and to feel for all those struggling to keep their heads above water.

CLAPTON

SoA
is a list of income

a full list of spending

list of all debts and monthly repayments

who are you doing a DMP with? and how much are they charging you?

conar686

Clapton - DMP is with Spectrum but have contacted Payplan. I basically have 3 options

Find 300-400pcm for an IVA - can't afford that
Go bankrupt & lose my house - making family homeless
Continue with DMP & be debt free in 27 yrs

Going to look for 2nd job - only option

Tks agin for all advice

Dolly_Smith

for what it's worth, I would much rather have a roof over my head than an expensive gift from the hubby at Xmas! we also usually agree a spending limit with the rest of the family - it makes you more creative at present buying aswell!

lynzpower

No the other thing you can do is stuick your SOA up here.

I saved about 200 a month off my SOA when I first joined, which has negated me getting a second job. No point in getting a second job, if you are not fully in control of where the money is going

good luck x