Help needed

jellybean39

Have been looking as these threads for months and thinking ahhh my debts will sort themselves!!!!!
been in debt since i was 18 and now it is just stupid. i am 40 in november and really need to get out of this mess.
loan 1 15k
loan 2 8100
cc1 5100
cc2 500
cc3 600
next 300
cc4 11000
od 5000
great 45k debt where do i start??? any ideas
any info would be great havent missed anything yet in payments but getting scared as its harder everymonth..
:mad::mad:

Angyles

Hi and welcome Jellybean!

Well done on your decision to manage your debts. What I would suggest is that you post a Statement of Affairs using the link below. This will allow us to see where we can help you reduce your monthly outgoings to give you more cash to put towards your debts.

http://www.makesenseofcards.com/soacalc.html

bargainbetty

If you post up a full statement of affairs (use the sticky at the top pf the page) people will give you lots of great advice. You've taken the first step in addressing it - well done x

jellybean39

being really thick cant find where i do the full statement ? is that what its called im looking but cant see!!!!

Angyles

jellybean39 wrote: »

being really thick cant find where i do the full statement ? is that what its called im looking but cant see!!!!

If you click on the link below you can complete there and there is the option to format for MSE

http://www.makesenseofcards.com/soacalc.html

seasideDreamer

I'd start with paying off then cancelling that Next card, I bet it has a hefty interest rate and it will feel good to get rid of one debt:)

jellybean39

right found the form to fillin but cant find how to get it on here not great on computers anyone know how to do it???

Angyles

jellybean39 wrote: »

right found the form to fillin but cant find how to get it on here not great on computers anyone know how to do it???

Once you have filled in the form click on Calculate (Under Main Functions) then the MSE Button below it. This will bring up another window, this gives you instructions on what to do next.

Hope this helps!

jellybean39

<pre><b>Statement of Affairs and Personal Balance Sheet</b><b>
Household Information</b>
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 3
Monthly Income Details
Monthly income after tax................ 2500
Partners monthly income after tax....... 1400
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 3900
Monthly Expense Details
Mortgage................................ 1831
Secured/HP loan repayments.............. 725
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 205
Electricity............................. 80
Gas..................................... 50
Oil..................................... 0
Water rates............................. 82
Telephone (land line)................... 40
Mobile phone............................ 37
TV Licence.............................. 11
Satellite/Cable TV...................... 59
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 50
Car Insurance........................... 55
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 0
Life assurance ......................... 205
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 3725

Assets
Cash.................................... 0
House value (Gross)..................... 360000
Shares and bonds........................ 0
Car(s).................................. 15000
Other assets............................ 0
Total Assets............................ 375000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 250000...(1831).....3.99
Hire Purchase (HP) debt ...... 15000....(725)......9
Total secured & HP debts...... 265000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
barclaycard ...................10400.....104.......11.9
next...........................300.......50........29.9
egg2 cc........................3200......50........16.9
egg cc.........................1920......50........16.9
santander cc...................399.......20........0<b>
Total unsecured debts..........31219.....852.......- </b>
<b>
Monthly Budget Summary</b>
Total monthly income.................... 3,900
Expenses (including HP & secured debts). 3,725
Available for debt repayments........... 175
Monthly UNsecured debt repayments....... 852<b>
Amount short for making debt repayments. -677</b>
<b>Personal Balance Sheet Summary</b>
Total assets (things you own)........... 375,000
Total HP & Secured debt................. -265,000
Total Unsecured debt.................... -31,219<b>
Net Assets.............................. 78,781</b>

jellybean39

tHANKS EV1 GOT THERE IN THE END LOL NOW I SEE THE PROBLEM LESS IN THAN GOING OUT NOW WHERE DO I START TO SORT THIS OUT?

Angyles

jellybean39 wrote: »

<pre><b>Statement of Affairs and Personal Balance Sheet</b><b>
Household Information</b>
Number of adults in household........... 3
Number of children in household.........
Number of cars owned.................... 3<b>
Monthly Income Details</b>
Monthly income after tax................ 2500
Partners monthly income after tax....... 1400
Benefits................................ 0
Other income............................ 0<b>
Total monthly income.................... 3900</b><b>
Monthly Expense Details</b>
Mortgage................................ 1831
Secured/HP loan repayments.............. 725
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 205
Electricity............................. 80 This seems high, are you getting the best deal possible?
Gas..................................... 50
Oil..................................... 0
Water rates............................. 82 This seems high, are you getting the best deal possible? Is there arrears here?
Telephone (land line)................... 40
Mobile phone............................ 37
TV Licence.............................. 11
Satellite/Cable TV...................... 59
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 0
Petrol/diesel........................... 0 Need to budget for Petrol
Road tax................................ 50
Car Insurance........................... 55
Car maintenance (including MOT)......... 0 Should really put something here.
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 30
Pet insurance/vet bills................. 0
Buildings insurance..................... 15
Contents insurance...................... 0 Is this included with buildings?
Life assurance ......................... 205 Ouch this is very high, are you getting the best deal possible?
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 0 Should have something here
Entertainment........................... 0 And here
Holiday................................. 0
Emergency fund.......................... 0<b>
Total monthly expenses.................. 3725</b>
<b>
Assets</b>
Cash.................................... 0
House value (Gross)..................... 360000
Shares and bonds........................ 0
Car(s).................................. 15000
Other assets............................ 0<b>
Total Assets............................ 375000</b>
<b>
Secured & HP Debts</b>
Description....................Debt......Monthly...APR
Mortgage...................... 250000...(1831).....3.99
Hire Purchase (HP) debt ...... 15000....(725)......9<b>
Total secured & HP debts...... 265000....-.........- </b>
<b>Unsecured Debts</b>
Description....................Debt......Monthly...APR
barclaycard ...................10400.....104.......11.9
next...........................300.......50........29.9
barclayloan...................15000.....578.......18
egg2 cc........................3200......50........16.9
egg cc.........................1920......50........16.9
santander cc...................399.......20........0<b>
Total unsecured debts..........31219.....852.......- </b>
<b>
Monthly Budget Summary</b>
Total monthly income.................... 3,900
Expenses (including HP & secured debts). 3,725
Available for debt repayments........... 175
Monthly UNsecured debt repayments....... 852<b>
Amount short for making debt repayments. -677</b>
<b>Personal Balance Sheet Summary</b>
Total assets (things you own)........... 375,000
Total HP & Secured debt................. -265,000
Total Unsecured debt.................... -31,219<b>
Net Assets.............................. 78,781</b>

Hi, I've added some notes above, a few things seem high and you could shop around to reduce, also it seems a few things have not been included.