my mess!

dave_2011_2

well just checked my credit score which is very poor, score of 401

Debts
hfc- £2,297
first direct- £658
blackhorse- £8440
i have 2 defaults on my account on from hfc and one from mint which i settled in 2008!!

Also i have a debt for capquest for £4000 which strangly wasnt on my credit score report but i know i have as it went from capital one to capquest!!!

Need to try wipe thease debts, i can only afford £145.00 a month on thease debts and worked out on snow ball that my debts will be paid by 2019/2020,
was thinking that maybe when i have paid off a debt and normally when you snowball you put that money on the netx debt, i was thinking maybe save that money then once i got a wedge then get intouch and off an amount to settle it then would pay off quicker!!

TakingControl

Hello, maybe post a SOA together with the APR's for your debt and people can make some suggestions for you?

As for the default, that remains on file for 6 years of the default date.

dave_2011_2

he thanks, how do you do a sao?

dave_2011_2

<pre><b>Statement of Affairs and Personal Balance Sheet</b><b>
Household Information</b>
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0<b>
Monthly Income Details</b>
Monthly income after tax................ 800
Partners monthly income after tax....... 0
Benefits................................ 8
Other income............................ 0<b>
Total monthly income.................... 808</b><b>
Monthly Expense Details</b>
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 290
Management charge (leasehold property).. 0
Council tax............................. 78
Electricity............................. 25
Gas..................................... 20
Oil..................................... 0
Water rates............................. 31
Telephone (land line)................... 13
Mobile phone............................ 30
TV Licence.............................. 25
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 30
Clothing................................ 20
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 0<b>
Total monthly expenses.................. 652</b>
<b>
Assets</b>
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0<b>
Total Assets............................ 0</b>
<b>
No Secured nor Hire Purchase Debts</b>
<b>Unsecured Debts</b>
Description....................Debt......Monthly...APR
close credit ..................8400......25........0
capquest.......................4200......67........0
hfc............................2400......30........0
first direct (od)..............580.......25........5<b>
Total unsecured debts..........15580.....147.......- </b>
<b>
Monthly Budget Summary</b>
Total monthly income.................... 808
Expenses (including HP & secured debts). 652
Available for debt repayments........... 156
Monthly UNsecured debt repayments....... 147<b>
Amount left after debt repayments....... 9</b>
<b>Personal Balance Sheet Summary</b>
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -15,580<b>
Net Assets.............................. -15,580</b>

[Deleted User]

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1

Monthly Income Details
Monthly income after tax................ 800 Any way to increase? Overtime? Second job?
Benefits................................ 8
Total monthly income.................... 808

Monthly Expense Details
Rent.................................... 290
Council tax............................. 78 Are you paying over the usual 10 months, can you ask your council if they will allow you to spread over 12 months (are you claiming the 25% single person's discount?)
Electricity............................. 25 Although neither this or gas is excessive, check that you are on the cheapest tariff for your are (often online and duel fuel tariffs are cheaper: Uswitch), if switching is cheaper check cashback sites for offers (Quidco, topcashback, onepoll etc)
Gas..................................... 20 as above
Water rates............................. 31 If it's only one adult in the house a water meter may work out cheaper if you haven't alredy got one
Telephone (land line)................... 13
Mobile phone............................ 30 This is quite high, you have a landline as well. If you are in contract see if you can drop a tariff, if/when out of contract look at SIM only contracts and PAYG deals.
TV Licence.............................. 25 This should be 12.37, when will it go down to this?
Internet Services....................... 10 See if combining with home phone will work out cheaper
Groceries etc. ......................... 30 This is quite low, is it realistic?
Clothing................................ 20 stick to essentials only
Contents insurance...................... 0 might want to consider this
Presents (birthday, christmas etc)...... 0 never?
Haircuts................................ 20 see if there's a local college nearby that will do trainee cuts for cheap/free, or go an extra week or two in between cuts
Entertainment........................... 60 you spend double on entertainment as you do on food?
Total monthly expenses.................. 652

Unsecured Debts
Description....................Debt......Monthly...APR You need to know what the APR's are in order to priorities, or are they all 0% except the OD?. Also, are the amounts you have put down the minimum monthly repayments?
close credit ..................8400......25........0
capquest.......................4200......67........0
hfc............................2400......30........0
first direct (od)..............580.......25........5
Total unsecured debts..........15580.....147

Monthly Budget Summary
Total monthly income.................... 808
Expenses (including HP & secured debts). 652
Available for debt repayments........... 156
Monthly UNsecured debt repayments....... 147
Amount left after debt repayments....... 9 well, it's good that you have a monthly surplus, but there's not much room for movement here. Pay this extra £9 towards the debt that is charging the highest interest - even small overpayments will reduce the amount you pay back, and mean your DFD is sooner

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -15,580
Net Assets.............................. -15,580

I have made some comments above, I hope that some of them will be of use to you.

D9

Yargo1

Hi, according to Equifax your score is just on the edge of Fair to Good. so doesnt seem so bad?

After reading your earlier post i decided to bite the bullet and get mine.. and it says im on "fair" but i can see its my late payments in 2007/8 which have caused this..

Anyhow, thanks for your post as it kicked me into gear!

Hannah_10

You need to check all 3 of the CRA's (credit ref. agencies) because they all hold different data. Annoying isn't it. But anyway the good news is the absolute most this should cost you is £2 a file. Everything a lender could possibly see about you is on that £2 file by law. The other good news is that a lender wont see your "score" the CRA's only do it as a sort of hypothetical excercise, it doesn't even get shown to the lenders at all, bit pointless really IMO.

dave_2011_2

no worries, i managed to freeze all my debts so what i pay off my debts is pure debt but only £45.00 a month off £14,000 which is lot, gonna take 9/10 years!!!
the small debt of £580 has intrest which is normally £4 a month i pay £25.00 so paying £21.00 after the intrest, but gonna try wack as much on a possible to get that one down then save the money i was paying out aswell as other money and then once got £1000 or soemt try ringing other debt to offer so much then get bit of a discount!!

TakingControl

[QUOTE=dave_2011;42061526
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0
Monthly Income Details</b>
Monthly income after tax................ 800 - any way of increasing this?
Partners monthly income after tax....... 0
Benefits................................ 8
Other income............................ 0<b>
Total monthly income.................... 808</b><b>
Monthly Expense Details</b>
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 290
Management charge (leasehold property).. 0
Council tax............................. 78
Electricity............................. 25
Gas..................................... 20
Oil..................................... 0
Water rates............................. 31 seems high for 1 person, maybe have a water meter?
Telephone (land line)................... 13
Mobile phone............................ 30
TV Licence.............................. 25 - this seems high? Normally £12?
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 30 - are you sure you only spend that on groceries a month?
Clothing................................ 20 - stop for now and make due with what you got
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 - something should be here
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20 - a month? Try and find a college to do this cheaper
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 0<b>
Total monthly expenses.................. 652</b>
<b>
Assets</b>
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0<b>
Total Assets............................ 0</b>
<b>
No Secured nor Hire Purchase Debts</b>
<b>Unsecured Debts</b>
Description....................Debt......Monthly...APR
close credit ..................8400......25........0
capquest.......................4200......67........0
hfc............................2400......30........0
first direct (od)..............580.......25........5<b>
Total unsecured debts..........15580.....147.......- </b>
<b>
Monthly Budget Summary</b>
Total monthly income.................... 808
Expenses (including HP & secured debts). 652
Available for debt repayments........... 156
Monthly UNsecured debt repayments....... 147<b>
Amount left after debt repayments....... 9</b>
<b>Personal Balance Sheet Summary</b>
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -15,580<b>
Net Assets.............................. -15,580</b>[/QUOTE]

I have made some suggestions

dave_2011_2

Can't get any overtime or payrise as in a company that has NO overtime and no way of getting extra money, in the sales assistant in retail not not the best at mo just luck have a full time job just rubbish wage!! i tend to spend £30-£40 on food at work i get chips and cheese which is only 90p and drin kwater, at home have chips and pizzas or ready meals whichare £1 each or soemthing!!, the £60 entertainment is 2 nights a month i go out drinking withy my mates and spend about £30 each night or like said if its a birthday or soemt!