could someone please go through SOA before I submit?

oliviasmummy

Does anyone know the answer to this question either?. When I start my maternity in Oct I am wanting to take 12months off work due to my daughter strating nursery next year and not wanting to return to work till my baby is 1. I get a quarterly bonus from work which is between £200-350 and I was going to save this each quarter to give us income for the 3months of unpaid maternity would the OR allow this if I explained at interview etc that thats what its for or would they say I had to go back to work early as we wont have enough income coming in to pay outgoings if I have no salary.

dojoman

oliviasmummy wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 815
Partners monthly income after tax....... 1222
Benefits................................ 110
Other income............................ 0
Total monthly income.................... 2147
Monthly Expense Details
Mortgage................................ 608
Secured/HP loan repayments.............. 186 What is this for?
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 92
Electricity............................. 100
Gas..................................... 0
Oil..................................... 0
Water rates............................. 47
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 450 £500
Clothing................................ 30
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 42
Car maintenance (including MOT)......... 20
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 100
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 0
Buildings insurance..................... 9
Contents insurance...................... 9
Life assurance ......................... 39 OR may have an interest in this.
Other insurance......................... 9
Presents (birthday, christmas etc)...... 15 Not allowed
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 40 Not allowed
Total monthly expenses.................. 2093

Assets
Cash.................................... 0
House value (Gross)..................... 85000
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 88000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 95000....(608)......0
Secured Debt.................. 27000....(186)......0
Total secured & HP debts...... 122000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................3500......0.........0
credit card....................2300......0.........0
credit card....................1700......0.........0
loan...........................10333.....0.........0
overdraft 2...................1750......0.........0
overdraft 1....................100.......0.........0
credit card....................3600......0.........0
credit card....................580.......0.........0
Total unsecured debts..........23863.....0.........-

Monthly Budget Summary
Total monthly income.................... 2,147
Expenses (including HP & secured debts). 2,093
Available for debt repayments........... 54
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 54
Personal Balance Sheet Summary
Total assets (things you own)........... 88,000
Total HP & Secured debt................. -122,000
Total Unsecured debt.................... -23,863
Net Assets.............................. -57,863
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.


thanks hope this helps I have updated some figures with comments and given more accurate figures on debt after finding all my paper work today. My bank phoned me today requesting a payment of £50 which I can not make I gave them all the figures but they wouldnt take the emergency, birthday or holiday find into account and when I gave figure for medical including dentist she said is this every month, to which I replied no but if hubby was to need new heyfever stuff would cost more than £20 in prescriptions.

I was in tears after I put the phone down think I need to contact cccs again. She said to make token payment of £5.50 which was 10% of surplus but that still wouldnt stop any further action. Im just scared about bayliffs coming to my door I have no idea what rights they have what to say to them if they do etc do I even answer the door.

Hope this helps.

thedeans

re- bank phone call

I always tell anyone that phones that I am preparing to go BR and therefore I cannot make any offers of payment as to do that would be favouring a creditor which I am not allowed to do

I also tell them that I am not prepared to make any kind of offer UNTIL I have spoken to citizens advice who are dealing with my debts, and that all offers of payments will be made via them - I then offer them the advisors name and office address

If they are persistant I keep repeating the above - it is stressfull though as they get quite shirty - I NEVER make any offers

missyp123

TBH once we'd made he decision to go BR we ignored all creditors, didnt see the point in trying to compromise with soa's etc. Ignored calls, and the few knocs at the door from the MTG 'relationship liason'.

with the shoes, my daughter was the same, i used ebay allot, found new clarks shoes in her size most times as was cheeky enough to get her ured in the store

Now she has grown i have been able to get her shoes from mother care usually £8-£14 and just as good quality

oliviasmummy

dojoman wrote: »

Hope this helps.

The £186 is the secured part of nothern rock together mortgage I know this will be included in BR but we still paying this at moment as its one payment that comes out on dd and I ready to just keep paying that if possible.

tigerfeet2006

UM...if it is secured and you are not moving out of the house then it will not fall into the BR as it is a secured loan.

If, as I think, it is the loan part of your mortgage then it is not secured against your house and is a personal loan and is not secured against your house and will go into your BR. Please check this out.

Get your self a new bank account, either a Co-op Cashminder or a Barclays Cash account, transfer your DD's and SO's, wages, benefits across so you don't have to worry about what is going in and out. If the Together bit is unsecured then cancel the payment and don't transfer it.

tigerfeet2006

oliviasmummy wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 815
Partners monthly income after tax....... 1222
Benefits................................ 110
Other income............................ 0
Total monthly income.................... 2147
Monthly Expense Details
Mortgage................................ 608
Secured/HP loan repayments.............. 186 As I said above I think this is not secured, so check it and stop paying it if not.
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 92
Electricity............................. 100
Gas..................................... 0
Oil..................................... 0
Water rates............................. 47
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 450
Clothing................................ 30 £100
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 42
Car maintenance (including MOT)......... 20 £30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 100
Other child related expenses............ 0 £5 a week per child for activities.
Medical (prescriptions, dentist etc).... 20 if this is for 2 of you £30
Pet insurance/vet bills................. 0
Buildings insurance..................... 9
Contents insurance...................... 9
Life assurance ......................... 39 the OR may be interested in this.
Other insurance......................... 9 what is this?
Presents (birthday, christmas etc)...... 15 most OR's will not allow
Haircuts................................ 30 £25
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 40 most OR's won't allow.
Total monthly expenses.................. 2093

Assets
Cash.................................... 0
House value (Gross)..................... 85000
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 88000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 95000....(608)......0
Secured Debt.................. 27000....(186)......0
Total secured & HP debts...... 122000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................3500......0.........0
credit card....................2300......0.........0
credit card....................1700......0.........0
loan...........................10333.....0.........0
overdraft 2...................1750......0.........0
overdraft 1....................100.......0.........0
credit card....................3600......0.........0
credit card....................580.......0.........0
Total unsecured debts..........23863.....0.........-

Monthly Budget Summary
Total monthly income.................... 2,147
Expenses (including HP & secured debts). 2,093
Available for debt repayments........... 54
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 54
Personal Balance Sheet Summary
Total assets (things you own)........... 88,000
Total HP & Secured debt................. -122,000
Total Unsecured debt.................... -23,863
Net Assets.............................. -57,863
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.


thanks hope this helps I have updated some figures with comments and given more accurate figures on debt after finding all my paper work today. My bank phoned me today requesting a payment of £50 which I can not make I gave them all the figures but they wouldnt take the emergency, birthday or holiday find into account and when I gave figure for medical including dentist she said is this every month, to which I replied no but if hubby was to need new heyfever stuff would cost more than £20 in prescriptions.

I was in tears after I put the phone down think I need to contact cccs again. She said to make token payment of £5.50 which was 10% of surplus but that still wouldnt stop any further action. Im just scared about bayliffs coming to my door I have no idea what rights they have what to say to them if they do etc do I even answer the door.

Get your new account set up asap. If you have caller ID on your phone then don't answer no.'s you don't recognise. If not then let it ring out and do a 1471 and see who it was and if friends or family, ring back, if bank etc. feel free to ignore.

No bailiffs can not come to your door unless you have a CCJ that you are not paying. A debt collecter once in a blue moon may call but they have no rights what so ever and you can ignore them.