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Any Clue as to What to do?
Pan_3
Posts: 80 Forumite
Phoned CCCS today and have an hour long appointment next Thursday to go through my options.
I have an AA credit card with 5K OS and I make the min payment of £100 a month on this, a AA Loan with about £3K OS which is £50 a month and a Sainsbury loan with £9K OS which is £120 a month.
I have been paying these loans etc for about 9 months all in full and on time but always knowing I had overstretched myself. My wife has recently gone on a DMP with CCCS and this seems like the best option for me.
I take home approx £1000 a month but this figure can vary slightly. Me and my wife are quite seperate financially and when I have paid all the bills and budget for all my essentials etc this figure comes to £920. Now, whereas I have been paying £270 a month for my bills, in reality I actually only have £80 to £100 a month to pay these.
I am concerned that CCCS may not be able to help me out as I'm not actually in arrears at this moment in time and also that I only owe money to 3 creditors. Is this the case, or would this not really be an issue. I have decided I need to do something as every month I am basically paying out more than I have coming in and it will meet a crisis point sooner or later as I'm just living on credit.
I have studied my outgoings and would probbaly be able to shave off a £ or two here and there but am confident that the figures I have worked to are correct as I've seen the figures that CCCS use from my wife.
Any advise or guidance would be greatly appreciated. Would a DMP sound a good option??
I have an AA credit card with 5K OS and I make the min payment of £100 a month on this, a AA Loan with about £3K OS which is £50 a month and a Sainsbury loan with £9K OS which is £120 a month.
I have been paying these loans etc for about 9 months all in full and on time but always knowing I had overstretched myself. My wife has recently gone on a DMP with CCCS and this seems like the best option for me.
I take home approx £1000 a month but this figure can vary slightly. Me and my wife are quite seperate financially and when I have paid all the bills and budget for all my essentials etc this figure comes to £920. Now, whereas I have been paying £270 a month for my bills, in reality I actually only have £80 to £100 a month to pay these.
I am concerned that CCCS may not be able to help me out as I'm not actually in arrears at this moment in time and also that I only owe money to 3 creditors. Is this the case, or would this not really be an issue. I have decided I need to do something as every month I am basically paying out more than I have coming in and it will meet a crisis point sooner or later as I'm just living on credit.
I have studied my outgoings and would probbaly be able to shave off a £ or two here and there but am confident that the figures I have worked to are correct as I've seen the figures that CCCS use from my wife.
Any advise or guidance would be greatly appreciated. Would a DMP sound a good option??
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Comments
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Hi Pan
Have you posted an SOA previously???Official DFW Nerd no. 082! :cool:Debt @ 01/01/2014 £16,956 Debt now: £0.00 :j
Aims:[STRIKE] clear debt, get married, buy a house[/STRIKE]
ALL DONE!!
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**purpleprincess** wrote:Hi Pan
Have you posted an SOA previously???
No, am not totally comfortable doing this at this stage but I am sure that I have cut as many costs as possible. The problem is that if I pay the full due amount on my debts I am around £200 short of the amount CCCS state I would need to live (and as is practical for me).
Just wondering as to what CCCS may suggest and if it is likely they would be able to help me.0
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