debt issue

ms_noob

So I owe 4 companies money:

get paid about 1500 post tax/m


I owe:

3 short term lenders/loansharks
£400 (beginning of Jul)
£500 (Beginning of Jul)
£750 (due end of July)

Monthly loan: £200

My credit score is probably in minus numbers if they have that. So can't get a loan easily, definately not from my bank as I missed several loan payments before this one.

What do you helpful folks reckon I should do?

ms_noob

oh rent and travel come to 660 too, nice.

McKneff

What advice do you actually want, you need to post a lot more detail to enable anyone to help you

ms_noob

uh, detail like what?

CH27

Hi
There is a link further up the page to a SOA. Fill it in with all your income/outgoings & people will happily advise you.

ms_noob

Thanks... But where?! I used ctrl+f and couldn't see soa or statement of affairs.

ghostmadlittlemiss

ms_noob wrote: »

Thanks... But where?! I used ctrl+f and couldn't see soa or statement of affairs.

Here's the link. Pop that up and we'll see what we can do.
Kayleigh

ms_noob

Summary



Monthly Budget Summary Amount(£)
Total monthly income 1,525
Monthly expenses (incl. HP & secured loans) 981
Available for debt repayments 544
UNsecured debt repayments 225
Amount left after debt repayments 319



Personal Balance Sheet Summary Amount(£)
Total Assets (things you own) 0
Total Secured & HP Debt 0
Total Unsecured Debt -7,000
Net Assets -7,000



Income, Expense, Debt & Asset Details


Income Amount(£)
Monthly income after tax 1525
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 1525



Expenses Amount(£)
Mortgage 0
Secured/HP loan payments 0
Rent 460
Management charge (leasehold property) 0
Council tax 0
Electricity 0
Gas 0
Oil 0
Water Rates 0
Telephone (land line) 0
Mobile phone 5
TV Licence 12
Satellite/Cable TV 12
Internet services 12
Groceries etc. 100
Clothing 50
Petrol/diesel 0
Road tax 0
Car Insurance 0
Car maintenance (including MOT) 0
Car Parking 0
Other travel 220
Childcare/nursery 0
Other child related expenses 0
Medical (prescriptions, dentists, opticians 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 10
Entertainment 100
Holiday 0
Emergency Fund 0
Total monthly expenses 981



Secured & HP Debt Description Debt(£) Monthly(£) Mortgage 0 0 Secured & HP Debt totals 0 -


Unsecured Debt Description Debt(£) Monthly(£) loan 6500 200 cc 500 25 Unsecured Debt totals 7000 225


Asset Description Value (£)
Cash 0
House Value (Gross) 0
Shares and bonds 0
Car(s) 0
Other assets (e.g. endowments, jewellery etc) 0
Total Assets 0



Comments on the results


You have sufficient monthly income to meet your expenses and your minimum monthly debt repayments with £319 left over.


NB this doesn't take into account the PDLs mentioned earlier
NB2 - essential bill sincluded in the value given for rent.

thanks for posting the link

jules888

ms_noob wrote: »

Summary



Monthly Budget Summary Amount(£)
Total monthly income 1,525
Monthly expenses (incl. HP & secured loans) 981
Available for debt repayments 544
UNsecured debt repayments 225
Amount left after debt repayments 319



Personal Balance Sheet Summary Amount(£)
Total Assets (things you own) 0
Total Secured & HP Debt 0
Total Unsecured Debt -7,000
Net Assets -7,000



Income, Expense, Debt & Asset Details


Income Amount(£)
Monthly income after tax 1525
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 1525



Expenses Amount(£)
Mortgage 0
Secured/HP loan payments 0
Rent 460
Management charge (leasehold property) 0
Council tax 0
Electricity 0
Gas 0
Oil 0
Water Rates 0
Telephone (land line) 0
Mobile phone 5
TV Licence 12
Satellite/Cable TV 12 I would get rid of this if possible
Internet services 12
Groceries etc. 100
Clothing 50 This is a lot in a month.Can you cut back?
Petrol/diesel 0
Road tax 0
Car Insurance 0
Car maintenance (including MOT) 0
Car Parking 0
Other travel 220
Childcare/nursery 0
Other child related expenses 0
Medical (prescriptions, dentists, opticians 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 10
Entertainment 100 What is this?Its a lot of money a month
Holiday 0
Emergency Fund 0
Total monthly expenses 981



Secured & HP Debt Description Debt(£) Monthly(£) Mortgage 0 0 Secured & HP Debt totals 0 -


Unsecured Debt Description Debt(£) Monthly(£) loan 6500 200 cc 500 25 Unsecured Debt totals 7000 225


Asset Description Value (£)
Cash 0
House Value (Gross) 0
Shares and bonds 0
Car(s) 0
Other assets (e.g. endowments, jewellery etc) 0
Total Assets 0



Comments on the results


You have sufficient monthly income to meet your expenses and your minimum monthly debt repayments with £319 left over.


NB this doesn't take into account the PDLs mentioned earlier
NB2 - essential bill sincluded in the value given for rent.

thanks for posting the link

Those are my cutback suggestions