I need help, major debt

mumsicle_2

Hi,

I am new so not really sure if I am doing this right.

I would give Tesco a call and speak to the personnel manager, you might just find that they can find you a job at the hours to suit you. I did this last week and have got 2 perfect shifts for me.

steve700

zippee wrote:

I am looking at ways of trying to increase our income, I'm looking for work but Childcare seems to wipe everything I would earn out, I don't really know what to do about this so any ideas would be welcome.
zippeex

Have you thought about being a childminder yourself?

My sister does it and says that having other kids there to keep my nephew occupied probably makes her life easier...........

I think she gets about £3.50 per child per hour (a couple of kids at a time).

You would probably have to do a course, but you could find out how much that would be, and then get a 'safety inspection' on your house.

Just a thought...... Good Luck

zippee

Thanks everyone your all so helpful

We are up the creek without a paddle so to speak, I sat down last night and worked out everything that is going out and lets just say, I cried, paniced and cried.

INCOMING: 2129
OUTGOING: 1937

LEFT: 192

The above outgoing figure does not count food bill, petrol, fags or anything else that may crop up.

I have got myself into such a state about it I just don't know what to do now, I feel like running away.

I am looking desparately for a job, but having no luck. The jobcenter doesn't want to help me and the local papers are rubbish to say the least.

Steve700 re:childminding, your sister is a braver woman than me, my two are trouble enough.

So I don't know where to go from here, do i consolidate, home owner loan or just sit panicing, my H was thinking about CCCS, but I am more inclined to sort the problems ourselves we got here we know why, we just want to paye it off and end it all. Believe me we WILL NOT be getting in this situation again for anything.

I am looking for work, I am going to ring tesco etc and see if I can get anything.

Can anyone advise?
Thanks again

Pudsey_2

Hi

Is there a hospital near you, they often have a bank where you can register. You don't get regular hours but usually cover sick leave often short notice and if you can only work a couple of days aweek that might do.

JR19

Hi there

I think it would be a good idea to make an appointment at your Citizens Advice Bureau - I have found them to be very helpful.

Also, you could sell items on Ebay (I've been doing this for the last four years and gradually getting rid of stuff I don't need/want and helping to reduce my bills) - every little helps.

Please also check the 'magazine' forums - there is a thread which lists magazines which have 'shopping' vouchers (Asda take 10% or sometimes more if you use the 'self-service' tills). Best magazine (usually 74p) is on sale in Asda for 40p and the page of vouchers in issue no 46 exceeds the cost of the magazine. Vouchers are also for sale on Ebay (buy quite a few from there, too).

Please be encouraged that you have made the first step in the right direction.

lynzpower

zippeee

can you please show us your updated SOA, the one thats made you cry. From there I/ we can guide you on finding a solution'

one step at a time we'll get you there dont panic.

in*the*red_6

Hi there Zippee

Just wanted to say i really identify with your situation, I'm a mum of two who's finding it financial struggle after moving and then being made redundant so I'm in a similar trap with the whole childcare/tax credits issue. I've been down the route of registering as a childminder but work has been slow and i've probably spent out more than I've earned doing it. Evening jobs are hard to come by as so many of them seem to start too early. I've got to increase my income though and am going to apply for a weekend job i've seen.

The part about panicking when the car is due to be taxed etc struck a chord too, this is how we've always been and i've realised that in the past we've not been honest about the real amounts we have to spend out on running cars, buying presents, dentists, haircuts etc etc before and that it's now time to try and sort out a realistic (although tight) budget which includes all of these things.

Like you I would prefer to sort this out by ourselves if possible. I had an appointment with CCCS which I cancelled while we try and make some changes ourselves to get within budget and leave enough to pay at least the minimum on our debts. However if we can't manage this within the next couple of months I will contact them again. If you go down the secured loan route and find you cannot manage then they won't really be able to help you - much better to keep your debt unsecured as the creditors have less power to act against you if you default.

I would suggest you rework your budget including putting a monthly amount aside for things such as haircuts, car repairs, car tax etc etc and then see what you have left over to pay your creditors. Sorry, it may look even worse than it does now but unless you are honest about how much you are overspending each month I don't think you can tackle the debt head on. If you can make up the shortfall by reducing outgoings and increasing income then great, if not then perhaps it's time to speak to CCCS or payplan for some help.

Hope that helps a bit

ITR

zippee

Incomings

2000 H’s Salary a month
116 Child benefit a month
13.00 a week child tax credit


Outgoings

BLACK HORSE Finance £41.67 mth
BT DIRECT DEBITS £40.00 mth
BRGAS-GAS £21.00 mth
BRITISH GAS ELEC £30.00 mth
VIRGIN MONEY Life £20.82 mth
CAHOOT loan £158.85 mth
HOME IN ONE mortgage ppi £35.12 mth
ROYAL SUNALLIANCE hse ins £35.41 mth
TV LICENCE MBP £11. mth
DIRECT LINE mortgage £611.00 mth
NW PERSONAL LOAN £258.41mth
AA MEMBERSHIP £15.25mth
SOUTHERN WATER £24.65mth
Council tax £99.00mth
Mint CC £144 mth
Natwest CC I need to make extra payement this mth
£226 mth
Virgin CC 40.19 mth
NEXT 20mth
EGG CC 36.85 mth
Argos 6.02 mth
Studio cat 10 mth
Dorothy Perkins 4.00mth
Additions Direct last payment 12.59 mth

Food £300mth Cutting this back
Petrol £80 mth for two cars
Smoke £50 mth for tobacco

OWE:

Debt oustanding

Natwest loan £15,763 apr 6.9% 6yrs
Natwest Credit card £5,063 apr 4.9% for life
Cahoot loan £9000 apr 6.3% 6yrs
Black horse finance £2000 I don't know 2 yrs left to run
Mint £6,414.44 0% for six months due to run out jan07
Egg £1200 apr 18%
Virgin CC £8,241.26 apr 1.9% due to run out dec06
Dorothy Perkin £85.46 have no idea apr
Studio cat £114 again apr I don't know
Argos £150.49 no idea apr
Next cat £172 apr no idea


Is this better?

Thanks again x

zippee

Thanks for your replies everyone, I've been looking at the CCCS and I've got the initial plan you can do online but I really don't want to have to do this, I really want to sort this out ourselves. Is that a stupid idea?

lynzpower

Lets have a look at your new SOA zippee and then we can see where the problems are. I completely appreciate why you might not want to go into a plan- it may be possible to master this independently. Lets have a look andf we can take it from there