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debt issue

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?

Comments

  • ms_noob
    ms_noob Posts: 5 Forumite
    oh rent and travel come to 660 too, nice.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What advice do you actually want, you need to post a lot more detail to enable anyone to help you
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • ms_noob
    ms_noob Posts: 5 Forumite
    uh, detail like what?
  • CH27
    CH27 Posts: 5,531 Forumite
    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.
    Try to be a rainbow in someone's cloud.
  • ms_noob
    ms_noob Posts: 5 Forumite
    Thanks... But where?! I used ctrl+f and couldn't see soa or statement of affairs.
  • 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
    ms_noob Posts: 5 Forumite
    edited 11 June 2011 pm30 4:43PM
    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
    jules888 Posts: 556 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    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
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