Ashamed, i need some help!

paulcornwall

ok, just rang them got a appointment with the CCCS next Wednesday. It was suggested i open a new bank account away from Barclays, can any1 suggest 1?

Lelc

Hi Paulcornwall

I just wanted to say don't be ashamed. I came to this site about a year ago and following the advice and support given to me here I contacted Payplan and discussed it with them. The rest, as they say, is history. It was a bit scary at first but it gets easier. And to be quite honest you've taken the scariest step already by listing the extent of the problem.

Good luck with CCCS.

jediross

Just to reinforce others sentiments, don't feel ashamed, facing up to your debt and doing something positive about it takes courage, far more than sticking your head in the sand. So well done for taking the first steps, it may be a long road but at least you are on the way.

Lelc

I moved to the Co-operative bank. It was fairly straight forward as you can do it on the internet. They've been fine for me.

KatieKins

Hi - I could recommend an Alliance and Leicester one, check on the referral board as there is some sort of cashback offer when you open one!

paulcornwall

Called co-op and applied for a basic account, awaiting discission as its been referred.

paulcornwall

Sorted another bank ac. Now trying to get my nortern rock loan from mothers name to mine. I also have a interview with cccs on Wednesday.

bobbie78

Hi Paul well done on your work so far. Just to make things easier when you do contact cccs you might want to have a read through SS's first timers thread and post an SOA showing what your income and outgoings are going to be. Have a look at Entitledto.co.uk to see what kind of benefits you might be able to claim.

OK once you have your SOA sorted out with your APR's you can have a play with the snowball calculator to work out which debts to pay off faster to reduce the amount of interest you are paying over all.

If you post your SOA on here people will come will a million ways to reduce your spending on all the boring things like utility's and insurance.

You can also look on the national debt website / give them a ring for advice too which is a lot easier once you get the paper work together Either way the SOA is the best place to start to see just where you are at.

After you've done all that you need to get a little note book and write down in it in great detail what every penny is spent on, every tenner from the cash machine, every mars bar. So then at the end of the month you can see if it tallys with what you think you are spending on things, and puts it in black and white you have a 100 quid starbucks habit (ok that's me but it is amazing what you find). Once you start doing this and taking note of what you are spending then you know if you really do have X amount left over each month or not.

I don't know what to recommend about your mums loan but if you do the above it will be a start in the right direction and make your cccs call easier if you have this all to hand. Good luck

paulcornwall

Thanks Bobbie you guys are great. Puts a lump in my throat knowing there's so many supportive people here.

SOA More detail and revised:

Northern Rock £12100k @ 5.9% in mothers name £142.37 over 10 yrs

Cahoot loan £7500 @ 14.9% £150 per month flex loan min payment

Student loan £3000 approx @ unknown rate, no payments due

Hutchinson Credit £2600 @ 5.9% £100 p/m over 24 months (starts nxt month)

Barclaycard £2700 @ 6.9% £54 p/m minimum payment

Barclays addition overdraft £1700 @gods knows/ been here for a while

Barclays Graduate loan £96 left 2 payments left of £51


Regular outgoings:

Internet £5p/m
2 contract phones £70 p/m
account fee £11.50
Water £35 per month
House Keeping £350 per month
Travelling expenses £170
tv license £36
car insurance £60
landline £15
clothing £48

Now here my income:

Incapacity benefit £360 p/m

Child Benefit £69.80 p/m

Housing Benefit £357.68 p/m (our rent is £550 and included gas and electric)

Maternity allowance £428 p/m (will be stopping shortly)

Family tax credit £219 p/m

Other income ebay etc: £150 average p/m



I will be transferring the debt on my Northern Rock loan to Debt in my own name, this is more than likely be done via balance transfers at 6.9% via barclaycard and egg. Payments will likely be higher but thats the only way i can think of.