Getting Desperate

xxrobzyxx

thats not including the money i'm paying back family member when they have lent me money or when OH has to pay charges on his account or DMP either.... wasnt sure how to put that in there or where to put it.

RAS

Thank love.

Please can you go back and mark which of those debts are payday loans etc?

Going to skin your SOA.

RAS

xxrobzyxx wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 937
Partners monthly income after tax....... 412
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1349
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 440 - when does the contract end?
Management charge (leasehold property).. 0
Council tax............................. 107 - is this over 10 months or 12?
Electricity............................. 60 - all electric flat?
Gas..................................... 0
Oil..................................... 0
Water rates............................. 40 - is this over 10 months or 12?
Telephone (land line)................... 80 - sorry but this is massively high. You need/must stop using it except for incoming calls and calls re getting work.
Mobile phone............................ 10
TV Licence.............................. 11.28
Satellite/Cable TV...................... 32 - down grade NOW and then get rid of it.
Internet Services....................... 0
Groceries etc. ......................... 90 - I would prefer to see another £10-15 in here.
Clothing................................ 20 - can you make do with what is in the wardrobe?
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100 - what is this
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 19
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 10 - how much is in here?
Total monthly expenses.................. 1054.28

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Provident......................197.......52........NaN
Natwest Overdraft..............678.97....30........NaN
Natwest Loan...................3378......100.......NaN
Payday UK......................250.......250.......NaN
Payday UK......................125.......125.......NaN
Compass Group..................209.56....10........NaN
Quinn Direct...................167.69....5.........NaN
DLC............................40.89.....40.89.....NaN
Vodafone.......................346.71....10........NaN
o2.............................441.6.....30........NaN
Mce insurance..................103.......15........NaN
Natwest Loan...................7890......120.......NaN
Total unsecured debts..........13828.42..787.89....-

Monthly Budget Summary
Total monthly income.................... 1,349
Expenses (including HP & secured debts). 1,054.28
Available for debt repayments........... 294.72
Monthly UNsecured debt repayments....... 787.89
Amount short for making debt repayments. -493.17
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -13,828.42
Net Assets.............................. -13,828.42


He lost his full time job. Hes searching for another one. Hopefully soon.

Hi

Can you hit the edit button on the right hand side of your SOA and go back and mark which debts are his and which are yours?

And please look at this thread, which has lots of ideas on how to get little bits of money https://forums.moneysavingexpert.com/discussion/2132075.

Also go over to the freebies forum and the moneysaving old style forum and there is loads of really good advice.

xxrobzyxx

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 937
Partners monthly income after tax....... 412
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1349
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 440 Its a short assured lease so whenever we decide to move out the tenancy ends
Management charge (leasehold property).. 0
Council tax............................. 107
Electricity............................. 60 All electric no gas but still not enough sometimes
Gas..................................... 0
Oil..................................... 0
Water rates............................. 40 Not quite sure but that including arrears we have
Telephone (land line)................... 80 Quarterly billing and didnt tell us plus little bro ran up a phone bill by keep calling 0800 reverse
Mobile phone............................ 10
TV Licence.............................. 11.28
Satellite/Cable TV...................... 32
Internet Services....................... 0
Groceries etc. ......................... 90 Wish we had more
Clothing................................ 20 Not enough but have to make do.
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100 Its for my bus fares and my OH's petrol to his friend to take him to work
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 19
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 10 Only have £30 at the mo
Total monthly expenses.................. 1054.28

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Provident......................197.......52........NaN OH
Natwest Overdraft..............678.97....30........NaN
Natwest Loan...................3378......100.......NaN
Payday UK......................250.......250.......NaN
Payday UK......................125.......125.......NaN OH
Compass Group..................209.56....10........NaN OH
Quinn Direct...................167.69....5.........NaN OH
DLC............................40.89.....40.89.....NaN
Vodafone.......................346.71....10........NaN OH
o2.............................441.6.....30........NaN OH
Mce insurance..................103.......15........NaN OH
Natwest Loan...................7890......120.......NaN OH
Total unsecured debts..........13828.42..787.89....-

Monthly Budget Summary
Total monthly income.................... 1,349
Expenses (including HP & secured debts). 1,054.28
Available for debt repayments........... 294.72
Monthly UNsecured debt repayments....... 787.89
Amount short for making debt repayments. -493.17
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -13,828.42
Net Assets.............................. -13,828.42


We also have to pay OHs grandad £50 and his nan £35 and my mum £35.

podperson

Well looks like something like a dmp will be necessary as you have quite a large shortage. Have you spoken to one of the debt charities yet? They should be able to help you set one up if you want them to but make sure you put sufficient amounts in your budget - for example groceries is very low, you say electric is not enough sometimes. Eating and keeping warm is more important than paying the debts - they get what is left over at the end! Would also suggest adding a small amount into entertainment - even if it's only £20 or something - if it's going to be a long term plan no one expects you to never be able to go anywhere or do anything

halight

Hi,
Just wonted to say well done for posting you are in the right place to get all the help and advice that you need to sort out your debts.
It will be a long road and you are going to have to work at it but you will be able to sort all this out. You will one day be debt free.

Good luck

xxrobzyxx

podperson wrote: »

Well looks like something like a dmp will be necessary as you have quite a large shortage. Have you spoken to one of the debt charities yet? They should be able to help you set one up if you want them to but make sure you put sufficient amounts in your budget - for example groceries is very low, you say electric is not enough sometimes. Eating and keeping warm is more important than paying the debts - they get what is left over at the end! Would also suggest adding a small amount into entertainment - even if it's only £20 or something - if it's going to be a long term plan no one expects you to never be able to go anywhere or do anything

I wish it was that easy. Everyone see's that i earn over 900 a month and tells me i can afford debt (creditors)

I approached payplan but they couldnt help me at the time because again my income was too high and my OH was working full time. i dont supposed you have any numbers do you???

Because of my debts i dont go anywhere or do anything. i read but only when my mum lends me books or i go to the library. other than that i watch tv.

Thank you for your comment it made me feel loads better

xxrobzyxx

halight wrote: »

Hi,
Just wonted to say well done for posting you are in the right place to get all the help and advice that you need to sort out your debts.
It will be a long road and you are going to have to work at it but you will be able to sort all this out. You will one day be debt free.

Good luck

Thank you for your support. I know it'll take a while. i still cant believe im in this situation in the first place.

It's nice to know there are so many lovely people here for me to talk to. Im that skint i have no friends so its nice to talk and confide in people who'll give me good advice

RAS

robzy

This is going to be more about tactics than anything else.

First thing you BOTH need to do is to get new basic bank accounts with banks to whom you owe nothing, and not related to banks to whom you owe anything.

Once you have opened the new bank accounts, OH needs to get his salary paid into the new account and cancel all the DDs.

Before you do anything else please read saltnvinegar's thread on PayDay loans: https://forums.moneysavingexpert.com/discussion/2735257.

You both need to talk to one of the debt charities listed here.
https://forums.moneysavingexpert.com/discussion/2077631

And please stop the DMp with the fee-charging provider. None of the debt charities can take on OH on a DMP because he does not have enough income to pay anything essential costs. He needs to take back control and pay each company £1 per month.

He MUST respond to the court papers and I would recommend that he asks for the case to be heard locally and takes his I&E along. Chances are they will award the CCJ and ask him to pay £1 per month.

Do you have any joint bank accounts? Do you have any other joint accounts other than rent?

xxrobzyxx wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details
Monthly income after tax................ 937
Partners monthly income after tax....... 412
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1349
No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Natwest Overdraft..............678.97....30........NaN
Natwest Loan...................3378......100.......NaN
Payday UK......................250.......250.......NaN
DLC............................40.89.....40.89.....NaN


Provident......................197.......52........NaN OH
Payday UK......................125.......125.......NaN OH
Compass Group..................209.56....10........NaN OH
Quinn Direct...................167.69....5.........NaN OH
Vodafone.......................346.71....10........NaN OH
o2.............................441.6.....30........NaN OH
Mce insurance..................103.......15........NaN OH
Natwest Loan...................7890......120.......NaN OH
Total unsecured debts..........13828.42..787.89....-

Monthly Budget Summary
Total monthly income.................... 1,349
Expenses (including HP & secured debts). 1,054.28
Available for debt repayments........... 294.72
Monthly UNsecured debt repayments....... 787.89 - about £320 OH and £171 + £250 PDL for robyz
Amount short for making debt repayments. -493.17
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -13,828.42
Net Assets.............................. -13,828.42


We also have to pay OHs grandad £50 and his nan £35 and my mum £35.

Is that each per month? Could they hold off for a month? You do need to add the value and repayments into your debt list above.

You are already paying direct and legal. Is the debt actually £40.89 and due to be paid off this month?

Unless this is a CCJ, you need to stop this month's payment. Write to them and send £1 only. Watch out if it is a DD rather than a Standing Order.

Is there any way that you can scrape together the £250 needed to pay off the payday loan this month, even (never thought I would say this) if it means taking out a provident loan. If you can get that debt off your books, you can personally afford to pay your other debts once the essentials are paid for.

Cancel the satellite TV and make little bro pay back the telephone charges.

It may be best if you can get rid of the flat and both move back home to pay these debts off. is that an option?

And go over to the moneysaving old stlye forum and put up[ a store cupboard challenge. There are folk there feeding a family of four on £30 per week, so they can help you manage on very little for one month.

podperson

£900 a month is not high when you have rent and all the bills to pay so don't know who's saying you should be able to afford the debts! I used to be with cccs and they were very good so could be worth giving them a try, not sure of the number but should be on their website, they also did a joint dmp for me and oh which could be a good plan for you at the moment.