soa -- please help as cant carry on

7171blondie

:(

please help as i dont now what to do or how to deal with this im in such a mess
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household......... 2
Number of cars owned....................
Monthly Income Details
Monthly income after tax................ 495.00
Partners monthly income after tax.......
Benefits................................ 134.00
Other income............................ 0
Total monthly income.................... 629.00
Monthly Expense Details
Mortgage................................ 600.00 ex pays at the moment
Secured/HP loan repayments.............. 0
Rent....................................
Management charge (leasehold property).. 0
Council tax............................. 88
Electricity............................. 55
Gas..................................... 45
Oil..................................... 0
Water rates............................. 38
Telephone (land line)...................
Mobile phone............................ 15
TV Licence.............................. 13.95
Satellite/Cable TV......................
Internet Services.......................
Groceries etc. ......................... 150
Clothing................................
Petrol/diesel...........................
.............................
Car Insurance...........................
Car maintenance (including MOT).........
Car parking.............................
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc)....
Pet insurance/vet bills.................
Buildings insurance..................... 12
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)......
Haircuts................................
Entertainment...........................
Holiday.................................
Emergency fund.......................... 20
Total monthly expenses.................. 432

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

Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 130000...(0)........0
Total secured & HP debts...... 130000....-.........-
Unsecured Debts
Description....................Debt......Monthly.. .APR
lloyds loan.....................12000............361.......
credit card virgin....3600.............37.......
credit card barclays....1200..........25.......

& looking an overpayment from tax credits of around ....1500

Any comments gratefully received.
Help urgently needed.

7171blondie

please anyone...im soo scared ...i have 2 kids & im struggling

McKneff

Please try to stop worrying (I know, easier said than done)

I'm no expert but I'm sure you should be getting more benefits than you are.

Are the loans/credit cards, solely in your name.

You have come to the right place, there will be lots of people coming along to help, probably after work and tea.

7171blondie

thankyou for replying...im sat here like a blubbering idiot while the kids are upstairs playing...
yes the loan & credit cards are just in my name

skipsmum

McKneff wrote: »

Please try to stop worrying (I know, easier said than done)

I'm no expert but I'm sure you should be getting more benefits than you are.

Are the loans/credit cards, solely in your name.

You have come to the right place, there will be lots of people coming along to help, probably after work and tea.

can't help but just want to echo McKneff - people will be along to help later. Try not to worry, a few hours won't make a difference...
Also there are always ways to deal with debt, it can be sorted.
Best wishes
Skipsmum

7171blondie

thanks skipsmum, just feel so overwhelmed & upset that ive got myself in such a state.... i feel soo stupid & irresponsible...

Mortgage_Reduction_Novice

Hi,

First here's a calming reassuring hug.

Now for something more practical and constructive... (I'm no benefits expert so I've focused on the stuff I know about)

Gas and electricity seems quite high (we pay £48 per month total for both). Get on the comparison websites and see if you can't get a better tarrif. Also try to reduce your consumption.

Consider swapping mobile for landline? Might work out cheaper I think but I'm not certain and depends if you're on a contract that you can get out of.

You say ex is paying mortgage at the moment. Do you plan to try to take this on or are you selling? Could you move maybe into rented/housing association?

DuckEggGingham

Try and post your SOA on to the debt free wannabe forum, you will most likely get lots of replies a little quicker maybe.

Here is the forum:
http://forums.moneysavingexpert.com/forumdisplay.php?f=76

Try and keep calm, you will find LOTS of support here.

McKneff

Can you increase your hours at work at all. (If you work, that is.

A water meter could be cheaper for you.
Ask the council if you can pay your council tax over 12 months instead of 10

Also, you should be applying for a 25% reduction as a single adult.

Anyway you can install a lodger to get some extra cash.

Can you get the other half to contribute more (is there no chance of a reconciliation)

Give the DWP a ring to see if you are receiving all the benefits you are entitled to.

How old are the children.
Sorry, not being nosy, but if other people come along to help, the more information, the better.

Things will get sorted, smile when the kids come home, you'll only make them miserable too.;)

Regards
Annie

Spamfree_2

IS the £495 income from benefits or a wage?


If it's a wage, you could claim Tax credits as long as you are working more than 16 hours a week?

IF

Hi 7171blondie and welcome to the BR board. First step is to take a deep breath and second step and the most important one is to contact one of the following debt charities. Please try these they don't charge and are impartial. They will go through all your options with you and if they suggest bankruptcy then come back to this board and we will help you all we can. Also if your not ‘clicking’ with one of the Debt charities do try another. We advise you to try at least two others for your own piece of mind. Your BR could be refused if you have not sought advice.

* Blue text on this forum usually signifies hyperlinks, click on the blue links below *

Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• Consumer Credit Counselling Service - Website: CCCS Telephone: 0800 138 1111

Others:

• Business Debtline
  - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

Please read the following links.

For ‘essential’ BR info the ‘Look here first’ sticky by Fermi.

BR friendly home insurance thread.

BR Friendly bank accounts sticky.

BR Abbreviations

Bankruptcy NDL Guide

Basic Bankruptcy Advice & Guide NED CAB

If you are new/old to this board and receive/see a comment that is not helpful or insensitive please don’t let it put you off posting, often these comments are made by people who don’t normally contribute to this board and don’t speak for us.

What to do if you get an insensitive or hurtful comment.

And do remember we’ve all been through this and anything you don’t understand don’t be afraid to ask.


Best wishes
If...x