Help me get rid of my stupid debts

jellybean39

jambalaya wrote: »

I'm looking for some help to get rid of my stupid debts for once and all. I've lurked here for long enough without taking my own situation seriously enough and its got to stop.:(

I've got around £7700 of credit card debt which i've been burying my head in the sand over for about 3 years.:eek: I keep paying the minimum payments, transferring them to new 0% deals as the old ones run out but it feels like i'm not actually getting anywhere...

I know that i'm in a fortunate position compared to most on here as i can still get new deals when i need to, but i feel like i've not been taking the debt seriously and now my finances have been getting squeezed since my childcare costs recently went up and i have to deal with a small amount of uncertainty over my acutal take home pay each month....

Please take a look at my SOA and offer anything up that you feel is obvious?

Cheers


Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1600
Partners monthly income after tax....... 535
Benefits................................ 80
Other income............................ 0
Total monthly income.................... 2215

Monthly Expense Details
Mortgage................................ 656
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 93
Electricity............................. 48
Gas..................................... 50
Oil..................................... 0
Water rates............................. 59
Telephone (land line)................... 23
Mobile phone............................ 50
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 240
Clothing................................ 33
Petrol/diesel........................... 30
Road tax................................ 2.5
Car Insurance........................... 31
Car maintenance (including MOT)......... 17
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 240
Other child related expenses............ 50
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 10
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 17
Haircuts................................ 10
Entertainment........................... 30
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1712.5


Assets
Cash.................................... 0
House value (Gross)..................... 130000
Shares and bonds........................ 1500
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 133500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 120000...(656)......4.24
Total secured & HP debts...... 120000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Barclaycard....................5549.23...130.......0
Lloyds.........................1748.44...43........0
MBNA...........................451.09....25........17.47
Total unsecured debts..........7748.76...198.......-


Monthly Budget Summary
Total monthly income.................... 2,215
Expenses (including HP & secured debts). 1,712.5
Available for debt repayments........... 502.5
Monthly UNsecured debt repayments....... 198
Amount left after debt repayments....... 304.5

Personal Balance Sheet Summary
Total assets (things you own)........... 133,500
Total HP & Secured debt................. -120,000
Total Unsecured debt.................... -7,748.76
Net Assets.............................. 5,751.24

Dont ever feel silly whatever your debt if it isnt gooing down your in the same boat as the rest of us! peeps are great on here and come up with all sorts of ideas i been here less than 24 hrs and already got some ideas when i though id tried all!!! good luck xxxxx