My SOA!

Angharad89_2

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 4
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 901.6
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 901.6
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 80
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 46
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 20
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 10.15
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 15
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 181.15

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Freemans ......................996.8.....124.......0
Simply Be......................508.89....10........0
Additions......................186.16....15........0
Quick Quid.....................208.34....209.......0 (LAST PAYMENT IN FEB)
Wage day Advance...............300.......388.......0 (ONE OFF PAYMENT IN FEB)
Very...........................1120.05...15........0
Provident......................1435......50........0
Littlewoods....................1403.74...30........0
Barclaycard....................748.89....20........0
Vodafone.......................190.96....8.........0
Wonga..........................604.23....30........0
Vanquis........................424.55....70........0
Total unsecured debts..........8127.61...969.......-

Monthly Budget Summary
Total monthly income.................... 901.6
Expenses (including HP & secured debts). 181.15
Available for debt repayments........... 720.45
Monthly UNsecured debt repayments....... 969
Amount short for making debt repayments. -248.55
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -8,127.61
Net Assets.............................. -8,127.61


I contacted all of my creditors on the 16th of the month and this is what we agreed. I am thinking of going on Payplan. Any advise would be helpful.

Tixy

Hi

Do you live with parents? Is the £80 what you pay in board?

What have you done so far? just contacted your creditors and asked what they would accept? And is that the amounts listed above?

Its really better to work out the total amount you can afford and then split that fairly between them based on the balance owed.
Eg proportianately vanquis is a much higher payment than many of the others. Very is getting a proportionately very small amount.

What is the situation with the 2 payday loans you have the full payment down for?
Have you set up a new bank account to have your wages paid into?

Have you spoken to any of the charities or payplan yet?

Angharad89_2

Hi Tixy,

Yes I do live with my parents and that is what I pay in board.

Ive contacted my creditors all with offers and this is what they have accepted. I was pushed much higher by Vanquis, the discussions went on for a few months. I offered 30.00 and they said they wouldnt accept less than 120, which I got them down to 75, same with Provident whi initially wanted 150.00.

All of the above are with Debt Collectors and that is who i contacted.

The QuickQuid payday loan is currently on a payment plan and I have paid £400 off. This is the last payment.

As for Wage Day Advance I pay 88 this month and 300 in February.

Yes, Ive opened a new bank account where I have no debts.

I havent yet spoken to anyone else.

Mikazaru

Angharad89 wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 4
Number of children in household......... 0
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 901.6
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 901.6
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 80
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 46 Can you downgrade?
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 20
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 10.15
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 15
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 181.15

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

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Freemans ......................996.8.....124.......0
Simply Be......................508.89....10........0
Additions......................186.16....15........0
Quick Quid.....................208.34....209.......0 (LAST PAYMENT IN FEB)
Wage day Advance...............300.......388.......0 (ONE OFF PAYMENT IN FEB)
Very...........................1120.05...15........0
Provident......................1435......50........0
Littlewoods....................1403.74...30........0
Barclaycard....................748.89....20........0
Vodafone.......................190.96....8.........0
Wonga..........................604.23....30........0
Vanquis........................424.55....70........0
Total unsecured debts..........8127.61...969.......-

Monthly Budget Summary
Total monthly income.................... 901.6
Expenses (including HP & secured debts). 181.15
Available for debt repayments........... 720.45
Monthly UNsecured debt repayments....... 969
Amount short for making debt repayments. -248.55
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -8,127.61
Net Assets.............................. -8,127.61


I contacted all of my creditors on the 16th of the month and this is what we agreed. I am thinking of going on Payplan. Any advise would be helpful.

On paper it's only February that you'll have a shortfall once Wage Day Advance has gone you should have enough to pay your minimum payments. The old phone contracts, have you sold the phones attached to them? There's a huge amount of catalogue debt - can you sell what was purchased them?
How did you end up with the debt? It can be useful to look at where it all went to help staying on track in the future?