What do i do now

Holes_in_my_pocket

I have about £30,000 of debts

I got divorced and sold my house 5 years ago i should of paid my debts off but didnt.

I have moved 4 times since divorecd from cornwall to wiltshite to yorshire to cleveland and now i live on a friends boat. after another relationship break up

I am disabled and recieve a War pension a works pension and incapacity total about £1000 a month.

I arrange sometime ago token payment to my creditors when i was on less income.

I pay maintenace and the mooring fees for the boat and i infact enjoy the lifestyle.

I have recently found out that baliffs have been calling at my ex wifes house and i am now not sure what i should do i dont believe creditors know where i am.

Any suggestion appreciated


Holes in my pocket

lynsayjane

oh dear! i think it's probably a good idea to list the debts you have, do you kow them all? just to make sure you know what your playing with, then make an soa (see southernscousers sitcky post at the top of this thread) and we can see if we can help you organise your finances.

erm this is presuming you wish to actually pay off your debts rather than hide from the bailiffs...

two thumbs for taking the step to post though, the worst is over

yung

first of all welcome to the forum, this is the best thing you have done by posting here. once you give a few more details of your Debt and an S.O.A the good folks can advise and helps. good luck

Holes_in_my_pocket

llyods loan about £9000
Capital One £2000
Barclaycard £4000
Matercard £4000
Marks and Spencer £5000
Tescos £3000

Income about £1000
debts a £1 each for last 3 years
maintenace £135
rent £151

You can get up off the floor now


Holes in my pocket

Holes_in_my_pocket

water electric are free and no council tax gas is bottled about £10 amonth

madduck

How come electric free? Also, what about other items of expenditure eg food, cleaning materials, food, clothing, insurance, etc.

yung

madduck wrote:

How come electric free? Also, what about other items of expenditure eg food, cleaning materials, food, clothing, insurance, etc.

he has got a generator on his friend boat thus the free electric.

moozie_2

Holes_in_my_pocket wrote:

llyods loan about £9000
Capital One £2000
Barclaycard £4000
Matercard £4000
Marks and Spencer £5000
Tescos £3000

Income about £1000
debts a £1 each for last 3 years
maintenace £135
rent £151

You can get up off the floor now


Holes in my pocket

Hello Holes in my pockets

I am not sure I understand why you have been paying only £1 to each creditor for the last three years when you appear to be able to pay more

Certainly if they asked for a statement of affairs from you, you'd have to pay more. Perhaps you can write to them all and improve your payment. That will look good and you will be debt free quicker.

One last thing, are those figures the debts three years ago or currently? As you said they don't know where you live, I wonder if you have up to date statements

Sorry for the questions but it's important to have the full picture.

Holes_in_my_pocket

When i arranged £1 payments they did want more but i was on less income and i told them what i would pay they eventually accepted it took a long time and i had to be hard faced which i am normally not.

The electric is included in the boat mooring fees as is the water.

Food i spend about £200 a month
mobile phone £40 a month
Clothing i dont spend much

I probably have a few hundred pound left at the end of the month but i use that to see my kids 300miles away.

So spare cash is stopping me from going bankrupt

Hence Dont know what to do now

Holes in my pockets

Dr.Shoe_2

I expect you could probably trim at least £50 off your food bill and I'd look for a cheaper phone deal. When your contract expires take a "loyalty discount" instead of the upgrade and this'll save you £15 per month or so. Why not see if there are cheaper ways to get to see your kids? Megabus starts at £1 each way if you book ahead.

moozie_2

Holes_in_my_pocket wrote:

So spare cash is stopping me from going bankrupt

Perhaps you could look at it as money available to pay debts off rather than 'spare cash'