Deep in Debt and Petrified

Tustastic

Well done AP for taking action. You've made a start. 2007 is where you start working your way out of debt - who cares if it takes a long time, provided you're making steps in the right direction. All the best:)

Vickicb

AP, Good to see you back and well done!! It's scarey right now but it will get better for you.

dfw1957

best of luck mate, i'm just starting off on the road.

As i said in a previous post ... its day one for me.

We can do it.

debt23

Hi,

Glad things seem to be moving along for you.

I know its easy to say, but dont worry - now that CCCS is involved things will get easier.

Your creditors will accept a DMP from them - they are not stupid, and will realise that this is their best option for getting their money.

The CCCS are very respected - it will work out, honest.

Once things are up and running, take the next two years to relax and get your life back on track - pay your DMP and start smiling again!

Then after that, you said your expecting a wopping £500 extra to spend on the debts - that sort of money will smash those in no time!!!!!

I know the road you are on is not a smooth one, but keep reading this board and posting - you'll soon find that any problems you have, someone here has had them already, and a solution awaits.

All the very best

Debt23

CFC

Well done for facing up to your problems and finding the courage to take your head out of the sand.

I'm not judging you, each life belongs to its owner and the decisions thereof, but over the next couple of months perhaps you should consider the pros and cons of telling your partner. If he should find out by accident I think that the fallout would be a lot worse as he might feel deceived.

Whits

Congratulations :beer:

I have absolutely no experience of CCCS or Payplan, I only know of them by reading this forum. I've learnt that when you're not paying them, creditors seem to get a bit pi**ed off but as soon as you inform them that you're on a DMP with a respected organisation, they want to be your best friend.

Now that you've got the ball rolling you do need to speak to your OH. I know he'll flip out but you have to remember that you have made a start on things and it's better than ignoring it. He will soon calm down, but I do appreciate that finding out about big debts is a shock.

Don't feel down anymore. Just think of all those times you've seen films about alcoholics where they get a round of applause for admitting they have a problem, debt is just the same and you have a problem. The fact is that you know you have a problem and you are sorting it out so be pleased with yourself. Wouldn't you rather see your debts reducing than hide behind the sofa whenever there's a knock on the door?

Well done chick, you're a star :A

HHH_2

congratulations on making a start. CCCS will deal with stuff pretty quickly in my experience i.e. the quicker you get back to them with your stuff the quicker your DMP will start. I havent had to deal with anyone face to face did my DMP on the internet filled in forms they sent and have telephoned them with queries. the first time i phoned i was in tears as felt so ashamed but they are so good and since then I have felt much more able to deal with things and am no longer a frightened rabbit caught in the headlights! My DMP will run for 9 years which sounds like forever but has got to be better than piling on more debt and never being debt free.I wish you luck with your journey, I am intending to tell my OH when I've made a few payments ( only made january's so far) so that he can see I am doing something about it, dont know what his reaction will be and Im rather scared but nowhere near as scared as I was before I did something about it all. Good luck xx

lynzpower

I see no one replied to your SOA in detail back then so Ill have a nose through now.

1030
115 (child benefit) - paid to family member for childcare
1500 hubbys wage

INCOME TOTAL 2645

Debts - you need to know the APRS on each to get a full understandfing of where to pay off first. Have all these cards been chopped up and are you committed to not using them?

Cahoot 10000 150
Halifax Visa 5500 110
Egg Visa 5200 112
Barclaycard 3500 80
Halifax Overdraft 1500
Halifax Overdraft 1000
Next 500 60
GE Money 550 24
B&Q 400 12
Argos 400 20
Studio 240 20

Total 28790 588

Other expenses

Mortgage 900
Gas 200 (no other providers available) ( time to start conserving. this big old house needs insulation by the sounds of it, start with loft, most of your energy is lost through the roof. check out https://www.est.org.uk for a host of energy saving tips- this should bring your figure right down)
Electric 100 (no other providers available) ( as above, use pan lids, turn lights off etc)
Council Tax 90
Car Insurance 50 9 have you checked this is the cheaperst)
House Insurance 25 ( again checked this is the cheapest, if not switch)
Personal insurance 25 ( whats this? do you NEED it)
Pet Insurance 20 ( this is a bit high, have you checked this is the cheapest)
Food 200 ( for how many, try and chop this back, shop around, use vouchers, etc)
School activities etc 80 ( all needed??)
Petrol 100 (essential for work) ( but are there any journeys not for work you can avoid making do by foot etc)
Kids policies 40 ( what sort of policies are they?)
OH's visas 200 ( he should be paying these out of his own salary not yours, but if you are joinging your finances together you need to know what the aprS ARE)

Total 2030

THIS SHOULD LEAVE OVER 600 QUID in your pot every month to pay debts off with. find this by starting a spend diary, and of course OH needs to knoiw whats in budget & what isnt? DOez he have a car, theres nothing for presents/ dental / prscriptions/ car maintainence MOT)

I do suggest you come clean to him, as I said before you both have debts, so Id bring them out and get them tackled.

If you have 600 spare then you can clear this debt fairly easily, but you need Hubby on board. I knonow its not easy, but maybe it will bring you closer together? harbouring secrets like this & hiding correspondence etc, hiding from the phone- I just couldnt do it, and it sounds like you are struggling with it as well.

Do let us know how you are going on

Lynz
xx

tryhard_2

hi just wanted to wish you good luck!