Newbie and in trouble

in-trouble_3

immoral_angeluk wrote:

Glad to help. We were in pretty much the same boat middle of october. Since then we've reduced out monthly outgoings by nearly £300, paid off 4 debts as well as getting everything sorted for our new baby AND christmas without getting into more debt or spending more than we could afford. This site is great especially if your hubby is away with the forces because I know you can fele really lonely sometimes so it's great to have sympathetic ears to talk to who can give decent advice.

did you go through a company for dmp or are you doing it yourself?

sometimes i cant see us getting out of debt.

immoral_angeluk

in-trouble wrote:

did you go through a company for dmp or are you doing it yourself?

sometimes i cant see us getting out of debt.

We've done everything ourselves. We've been quite lucky in the respect that we saw things were going downhill before they gathered speed and took steps to sort it out. We don't have much debt compared to most (About £11k inc car loan but no mortgage) but we're on a low income and found it tough with so much going out each month. We just took a step back, shook ourselves off and went in head first. It's been hard being so strict with money but we're seeing the money ease up already and we've only been at it a month and a half.
There IS a light at the end of the tunnel, it's just a case of finding the quickest way out.
My debt diary is floating around the board somewhere and you can see what we've done to sort ourselves out. We've still got a long way to go but we're getting there slowly. It's just about making positive steps to move forward.

3LITTLEPIGS_2

Hi,
We are in the same position as you.
Regarding calling LTSB,I would call and s/w collections...they can freeze interest and reduce monthly pymts for you....when i was on mat leave they reduced to £50 on a £8200 balance and they are still at that 1yr later and all crgs/int frozen. Collections is in India though but most of the time they are good!
Also make sure you are not paying PPC on the card as that will be costing loads and is a waste of money!
Good luck

oops_a_daisy

Hi in trouble, I cant add anything to the advice that you have already had ( apart from keep coming back and keep posting ) so just wanted to wish you all the best and to let you know that you can do it with a little help

in-trouble_3

3LITTLEPIGS wrote:

Hi,
We are in the same position as you.
Regarding calling LTSB,I would call and s/w collections...they can freeze interest and reduce monthly pymts for you....when i was on mat leave they reduced to £50 on a £8200 balance and they are still at that 1yr later and all crgs/int frozen. Collections is in India though but most of the time they are good!
Also make sure you are not paying PPC on the card as that will be costing loads and is a waste of money!
Good luck

cos the lloyds account is in hubbies name i was just going to write to them send it to hubby via email and see if its ok and then post it. they wont deal with me over the phone because its not my account

lynzpower

Hi :wave:

Youve had some brilliant advice on cost cutting, the ther thing to bear in mind is money-making

As your at home, get some stuff up on ebay/loot/ amazon etc even if its only a few quid, its better than nothing

Also re: job hunting - have you signed up to any agencies? or tried the job centre? Maybe you will be entitled to job seekers allowance. Its not a lot, but you might be entitled to it? Find out

Good luck! Its great to see someone with such desire to get out of debt :T good for you! :T

in-trouble_3

done the online budget with cccs didnt take long

says our monthly payment would be £595 which is £55 less than the other dmp program. which will take 6 years and 10 months to pay off, i have a ref number so i am certainly going to give them a call.


Suggested living expenses monthly


Food, toiletries, cleaning £292 (I can cut back on this)
Clothing and footwear £50 (put away)
Children's pocket money £15
School trips/activities £5
Telephone, mobile and Internet £70
Medicines/prescriptions £10
Dentist/opticians £14
Fuel and parking £155 (will be reduced)
Vehicle spares and servicing £10
Hairdressing £13
Pets, pet food/insurance £20
Sports, hobbies and entertainment £15
Sundries/emergencies £15

Sinkingindebt_2

Well done you!!! Im wating for my stuff in the psot, you seem to have more living expenses than I have, infact mines very tight, to the £1.

Your doing well so far, keep it up xxx

in-trouble_3

lynzpower wrote:

Hi :wave:

Youve had some brilliant advice on cost cutting, the ther thing to bear in mind is money-making

As your at home, get some stuff up on ebay/loot/ amazon etc even if its only a few quid, its better than nothing

Also re: job hunting - have you signed up to any agencies? or tried the job centre? Maybe you will be entitled to job seekers allowance. Its not a lot, but you might be entitled to it? Find out

Good luck! Its great to see someone with such desire to get out of debt :T good for you! :T

I applied to 30 jobs last week, have 2 interveiws, one was yesterday which i should find out if i have the job next week and have a interview tomorrow. i can only work school hours well up to 5pm daughter can go in a holiday club after school but then again paying money out for that. I dont drive so agency would be a problem for me unless they can get me a job thats local, but believe me i have thought about it, even applied for cleaning jobs to help out.

I am not entitled to anything because my hubby earns a high wage. I check the job centre every day.

in-trouble_3

Sinkingindebt wrote:

Well done you!!! Im wating for my stuff in the psot, you seem to have more living expenses than I have, infact mines very tight, to the £1.

Your doing well so far, keep it up xxx

thanks, are you still paying all your direct debits for the debt? sorry new to this or when do you stop paying for them? how long does it take cccs to set up do you?