bet you cant beat this. feel better just getting it off my chest

alex2005

i have hopped in and out of this site for about 6 months. things have now become very scary. my statement of affairs is thus

Morgage 441.31
ge money secured loan 345.78 reduces in mar to 260.26
nationwide loan unsecured 200.00 arrears 517.00
council tax 77.00
british gas 42.00
electric 30.77
water 30.44
vodaphone 15.00
petcare 15.81
life insurance on morgage 17.21
dad 30.00
tv lic 10.95
roxburghe debt collector 10.00
fredrickson " " 10.00
morgan stanley c/c token pay 5.00
homebase c/c " " 5.00

TOTAL 1286.27

INCOME 1228.65
minus 57.62

as you can see this does not include food.
i do have a good friend who as long as i cook provides me with food. my daughter is a university student and i am lucky she can support herself with help from the grants etc.

my plan of action just to stay afloat and keep my house is to take in a lodger as i have three bedrooms. little one is spare att.

I can remorgage my house in jun 07 if i wish to. Hopefully to a better rate and i'm hopeing to swallow up that bloody stupid loan i took out with ge money that i will not be free of till 2080(how does that work out I'l be dead before then)

I think i must qualify for the award for the most stupid member on this site

justruth

nah mate, you're not stupid, your dealing with the issue. From what you have written, it should ease up some in March but I seriously suggest going to CCCS or payplan and getting them to contact your creditors and sort this out some. I dont see how spending the rest of your life paying this off will be worth it!?!

CLAPTON

how much are you likely to get from a lodger

how much is the house worth

Mrs_J_3

Don't be daft, we've all made mistakes but at least you faced up to it. Even with things easing up in March I think you'd best get yourself off to CCCS or payplan.

Kevicho

I think the first port of call is to flog whatever you can, hopefully this will raise enough money to pay a debt or two off and bring you back in the black with your monthly cashflow statement.

I think lodger is a good idea, also have you looked at other ways to earn a little extra income, or indeed are you able to get a better paid job?

I know shes at uni, but can your daughter provide some money for board etc every month?

Also you haven't mentioned transport

Hobsch

Not stupid at all. A Lot of us have made mistakes, probably why we are all here but everyone is very helpful. Well done for posting and getting it off your chest.

Spendaholic_Chick

You're not at all stupid. Debt is so easy to get into these days, before you know it you're in deep. At least you're facing it and trying to do something about it. I haven't been on this forum long but there are some very knowledgeable people here, and everyone supports each other.

Rockefeller

You think YOU'RE stupid! I'm ashamed to say I CAN beat that...

Mortgage £450
N Rock loan 245
Abbey CC £110
Halifax CC £100
Amex CC £10
Lloyds TSB CC £10
Amazon CC £90
Council Tax £100
Gas/ Elec £60
Phone £15
Water £32
TV Licence £13
Life Insurance £60 (daren't cancel it, it's the only chance of being debt free)
Internet £14
Bank Charges £45

Not including food travel clothes birthdays christmas...the list goes on

Total £1354
Income £1100

Plus I have two kids who don't deserve to suffer for my mistakes

I'm 45 years old and i cry myself to sleep at night

alex2005

CLAPTON wrote:

how much are you likely to get from a lodger

how much is the house worth

hoping for £300 have just put it on internet free for 28 days
house is worth about 185,000.00. i have thought about selling it but i'm not sure i would be better off after all the fees of buying and selling and ending up in one bed place with daughter on sofa. my heart just sinks. i do have a car again a good friend paid for insurance last year and still puts a little petrol in it now and then. but i will be cycling to work in march for sure. i do have a bike already. daughter not in position to lend a hand she has only just really started listening when i say i have no money.

In_Search_Of_Me

aww big hugs both of you...we've all been foolish which is why we're all here supporting each other put of debt...you wont be the first and you wont be the last so try & move on from the feelings f regret & see the positives - you've had your LB moments and are moving on but I would suggest that both of you (Alex & Rockefeller) contact CCCS or payplan for advice as from your situations look like you need to get some help sorting things. Not trying to scare you at all but the maths dont add up do they and its better to get help now than months down the line when things are worse because you do need to eat dont you.
My heart goes out to you both but as lots of people here will testify to once you've done the sorting and sought help the relief is immense but its hard & scary to take that step isnt it. You've nothing to loose so just go for it! Onwards & upwards my friends and remember, we're all here for you on the road ahead to becoming debt free!
Big squidgy hugs for you both and no more of the stupid contest! Being stupid would have been not to face up to it & you've done that which takes a lot of guts!

alex2005

Kevicho wrote:

I think the first port of call is to flog whatever you can, hopefully this will raise enough money to pay a debt or two off and bring you back in the black with your monthly cashflow statement.

I think lodger is a good idea, also have you looked at other ways to earn a little extra income, or indeed are you able to get a better paid job?

I know shes at uni, but can your daughter provide some money for board etc every month?

Also you haven't mentioned transport

i dont have anything to sell. been single mum for 10 years now. did a car boot last year and did get £75. have just put ad on free site for 28 days have to cancel it then. cross fingers for me. daughter has only just realised how bad it is for me she has taken on the internet and phone bill.(she uses these mostly so thought that was fair) do have car up until march cannot afford insurance or tax when they are due then. it is an old R reg corsa which if have lovenly handpainted so noone else would want it. i work irregular shifts otherwise would definately have second job by now.