just joined dfw yesterday

chrystal_2

hi joined dfw yesterday, having realised my debts need sorting, made redundant in dec, was struggeling before :eek: but even worse now,ive cancelled most of my direct debits, and phoned the companies to make arrangements to pay them,been to the bank dont have to pay mortgage till 28 feb as i had overpayed, they couldnt do anything about secured loan till i default on it.(insurance is in partners name)anyway i will do my soa for you to see where im goin wrong
MORTGAGE.£195 MTH
SECURED LOAN £344 MTH
SECURED LOAN£65 MTH
SAFESTYLE WINDOWS£46MTH this one was £2700 in 2004 because i didnt settle up on a certain date, it goes on now for 10 yrs,19.7%
hfc £452 ..£20 mth
barclaycard £500 apr24.9% £20 mth
partners barclaycard£500apr27.9%£20 mth
halifax credit card.£998..£19 mth
b&q card £224...14mth
evans card £500£ 20 mth
citi card£426..£13 mth
loan shark ...£230 ....£22.50 week
poll tax £98 mth
water..£36 mth
tv licence paid till june
catalouge.. arangment £40 mth owe £150
halifax bank i owe £ 72 told to pay £5 week
phone and tv package cut off:eek:
broadband £24.99 mth
shopping for 4 is about £50 week
elec ££32 mth (both gas and elc prepayment meters)
bus fares etc£30 week
partners wage £300 to 360 week
my wage from partime job £51 +£11 job seekers allowance
£29 child benefit
hope all this is ok and not to confusing:o dont forget i just lost £ 150 aweek wage, am desparate for a job,look for one everyday,
thanks chrystal ps all cards are minimum payments
gas £40mth

chrystal_2

please will someone leave a message to help me, im new to this and dont know if im doin it right pleeaase

sophiesmum_2

hi chrystal
Try not to panic too much.
Firstly have you put your details into the https://www.entitledto.co.uk website to check if you are entitled to any child tax credits or working tax credits - it is worth checking.

There will be people along to help you soon. I'm sure there will be ways to get some savings on your budget to help you with the debts.

Also check out the moneysaving old style board for tips on how to cut down on food shopping and cleaning budgets etc.

Good luck
sophiesmum

GUMPO

I have no idea how to help but I would just like to stick my oar in and say good luck. (also this will keep you on top of the board!)

chrystal_2

thank you sophiesmum, i thought i was billy no mates, i may get replies tommorow, if not i will try again,
starting my £2 savings tomorroi will check out that board for tips,
thanks again chrystal

chrystal_2

thanks gumpo , still dont know how it all works, but i will learn,
thanks chrystal

sophiesmum_2

hi Chrystal
Just a tip, if you sort your budget out a bit more people will be able to analyse it a little better.
Try and get everything on monthly amounts,at the moment some things are listed as monthly and some as weekly.
Separate daily living expenditure from the loans and credit cards, makes it easier to sort out.
It takes a little time but will be much clearer once you have done it and people will be able to see much more clearly where the cuts can be made.

You have done well sorting out the amounts, just needs a little tweaking here and there.

sophiesmum

chrystal_2

i will re do it tomorro, i was just tryin to get it all done at once, i think i was a bit excited about getting help, thanks again, i think i will master this site eventualy chrystal

sophiesmum_2

Definately have a look at the entitled to site as i think you should qualify for some tax credits even if it is a small amount - it all helps.;)

Well done on posting, it is always hard taking the first step but tomorrow all the regulars will be around and you will get lots of help and suggestions.

Don't worry about the budget stuff,that can come later.

sophiesmum

sophiesmum_2

Just to clarify things a little: (Hope you don't mind Chrystal)These amounts are 4 weekly.

INCOME
income 248 month
partners income £1200 - £1440 month
child benefit £116 month
Total £1564.00 - £1804.00

HOUSEHOLD EXPENSES

Mortgage £195
Poll Tax £98
Water £36
Broadband £24.99
Food £200
Electric £32
Gas £40
Bus fares etc £120
Total £745.99 Phone and tv cut off.

DEBTS
Secured loan1 £344
Secured loan 2 £65
Safestyle windows £46
HFC £20
Barclaycard bal £500 24.9% £20
OH Barclaycard bal £500 27.9% £20
Halifax CC bal £998 £19 month
B&Q card £224 £14 month
Evans bal £500 £20month
Citicard bal £426 £13 month
Loan shark £230 approx £90 month
Catalogue bal £150 agreement £40 month
Halifax £72 paying £20 month

Total £731.00

Hope I have added everything up right.
Looks a bit clearer for you now.
Your priority debts have to be the mortgage , polltax and secured loans as these are the ones that keep a roof over your head.
Have you tried applying for any 0% interest cards to transfer any of the balances to?

sophiesmum

Jules

Hi Crystal,
As sophiesmum has said your priority debts are the secured ones, mortgage etc, these must be paid before all others.
Might be an idea to contact the CCCS or Payplan or one of the other free debt management companies, they will tell you the best course of action for your situation and help you negotiate with your creditors if thats what you want.
There will be more people along later with really great advice.
Good Luck and keep posting / reading these forums, the wealth of experience and advice is 2nd to none.

Jules