Putting My Life Into Order

catandy

so its all ticking along ok..

1 - got some extra hours from my job this month so im a whole 160£ better off than I had planned for which will come off one of the CC totals when its paid out

2 - co with ex got another contract yesterday that should go live in the next 4 weeks and the software development work is all but finished so the system is ready to 'do its stuff'. and about time too!

3 - all bills are paid including nominal payments this month and ive got 200 left as a float (not going to spend it all at once lol).

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i took a look at my updated Noddle report yesterday and Im not sure whether I'm going to fight to keep it as intact as I can - does that even make sense?

basically ive got 2 cards with capital one which are both on 60 days late markers and the other CC with the exception of Vanquis show as 30 days late. I am clearning Aqua totally next month to take the added pressure off regarding my OD being withdrawn (linked bank), and was thinking of clearing the arrears on Cap1 so it doesnt go to a default - then the same with the other cards the month after... yes it means that interest will become payable on the accounts again which is probably a really silly thing to do but part of me still wants to 'protect' my credit history. I dont know why cos I'm never going to get a mortgage or even take finance out on anything again. just feels like its important for some reason...

triple_choc_chip

Hey Catandy,

I'm still following with interest and it seems that you are now 'on the cusp' of turning everything around.

It's become clear how you got into your situation - too generous by half! You must be the person least in a position to lend family £1000 - sorry, ex's family! - I do hope you manage to get back your investment before ex (and his family) start spending the profit generated like there's no tomorrow.

How about updating your signature? It must be far more positive already than 0.1% ??

Good luck, your determination will pay off soon I hope.

catandy

yes im going to update my totals when the payments show on my accounts which will be end of this week and am looking forward to the numbers coming down

plans for this week?

working today and tomorrow then got a conference call / webinar on wed regarding my project for next month so going to nip over and visit my mum on wed then working the rest of the week. exciting uh?

catandy

and another decision to make...

just got a job offer for a job i went for when i was out of work - I had written it off to be honest now that I'm back freelancing and it being so long since the actual interview now its been offered im throwing about the idea of accepting it.

its working in an office employed and salary is 20K plus commission (which is what I can clear doing my freelancing from home providing I get regular work). I would have to commute (public transport each way of 45 mins or so) - my kids are old enough now that I dont need to be home when they get in so this isnt an issue other than its years since I've done it:)

dont know what to do - i think im probably going to do a for and against list with the 2 jobs and make a decision that way.

catandy

so i got the first of my default notices this morning and a warning from 2 other companies that they were en route so my credit history is now well and truly shot to smithereens and no more worrying required about that then

had a benefit calculation done yesterday and I'm worse off taking an employed job (vs my self employment) by about £250 each and every month due to changes in my WTC and costs getting to and from work so that seems to be a non starter.

barclaycard have contacted me saying that if i can make a payment of £16 per month and stick to it they will freeze all fees and interest for 12 months whilst i continue paying to give me a chance to 'regroup'. this may be doable - I will work out the figures again when ive been paid and see if I can get it sorted out with them. it means ive got 12 months to get the money together to settle with them - which will be pushing it but its possible I guess. dont know - calculator will be burning up again later

now that ive got default notices accumulating I'm thinking of making just the minimal payments I need to to stave off interest being payable so I can get some money together for F&F's on these debts. they are all either already being handed to DCA or I have letters explaining that is what is going to happen and I'm not going to be in a position to pay them off completely before that happens and if I make a normal payment it starts interest again on them - so by process of elimination it works out for me financially better if I pay minimal payments via DCA and get monies together to make some offers. pretty crazy uh?

catandy

so decision made - employed job is a no no, self employment clicking along nicely with another nice project to work on next month and extra days booked in so more £ than I budgeted for again in Aprils pay packet.

business is ready to move forward again - we've picked up lots of contracts and now its time to push the companies to actually start moving forward and using the software so we make some money - we dont charge upfront for the the use of our systems to its in our interest to get the companies that sign up to use it live and making transactions asap which in turn means an income for us. Development work is due to be paid for in its entirety by end of April and the company account has 2400 of the 3500 needed so should be fine there. the same cannot be said for the 3K we had pumped into the business and which is due to be repaid 4 weeks after the development work - hence the hurry to get the companies using the software and earning!

I've got to do a proper food shop sometime soon and fill the cupboards and freezers up again - I've been managing on filler shops and just the essentials whilst we used up everything we had but we will be eating fresh air the way things are going

and finally going to update signature tomorrow after payments are made :T

catandy

business made £45 in 3 hours of being live and operational last night - it seems to have evened out at £15 per hour per live user which gives us a basis to work from

catandy

I've decided to kick it up a notch this month again and have joined the make 10£ a day challenge with the idea being to start up all the 'extras' that I was doing at the start and have let slip a bit - survey, swagbucks, quidco for cashback and get some stuff listed on ebay. I'm having a spring clean and getting rid of as much stuff as I can - worst case scenario is I get rid of the dregs of stuff at one of those shops that buy clothing by the kg - that is if we cant get rid of it by E*ay or a car boot.

Up to 98.93 in 2 days so it's already focused my mind on things - its also coming straight off the OD - I want to be free of this debt and dont want to pay anymore interest than I need to. If I make token payments as has been agreed to the CC they freeze interest if I pay extra or get it back to normal payment schedule the interest becomes live again which defeats the object really so its OD gone, then get money for paying off the CC in full. Credit history is now a total mess and I'm never going to touch credit again in my life so not really a consideration anymore.

catandy

got a letter from aqua today asking me nicely to pay them 150 in arrears and they will reinstate my account with 41% apr interest - or I can stick with the nominal payments as arranged, and interest is frozen completely from the end of the month meaning that Ive got a chance of paying this back and being free of them forever ....

now decisions uh? already have a collection of defaults growing and being added so another one from them really isnt going to matter and ive worked out that by paying them the minimum payment they will be adding about a third of that back on in interest...so likely to take me extra to pay it all off. sheesh these companies dont believe in making it easy do they?

catandy

I miscalculated payout to the company from the biggest payout provider - we received it a week early and 300£ short of what I was expecting it to be with another 240 of it showing as owing in 2 weeks time. that means by the end of the month for the business we are down to just 350 in the business coffers not counting for any sales made this month moving forwards. part of the issue is we are also getting hammered with the currency conversion usd to gbp and that doesnt look like its going to move back into our favour any time soon anyway theres another 148 quid to clear from one of the other payment providers plus anything thats sold moving forward in the month. .... I'm probably panicking but I thought we were closer to being able to pay the developers off than we are .... which means that I will be making up the shortfall again from my earnings (I really thought those days were over....)

from my side of things and whats going on in my personal money world I got a bit ahead of myself last month by starting to bring my overdraft down - that has caused DD to bounce meaning bounced fees :mad: - will all sort itself out when my first months full wages hit my account on the 15th but again bad timing.