help?

Cloud9_3

Hi

I'm really struggling, I earn less than I pay out and have lots of missed payments any help and advice would be greatly appreciated. Im really stressed at the moment

SOA

My Wages 850
tax credits 380
child benefit 120
1350
mortgage 454 1,500 arrears court date 10th April
rent 208 600 arrears (shared ownership)
council tax 79 106 arrears
electric and gas 45
water 35
tv license 26
virgin media 35 (phone, internet and cable)
cahoot loan 96 lots of missed payments £5000 limit (over)
Halifax CC 23 £1000 limit, well over limit due to monthly payment
being less than interest/charge etc, balance going up
not down
capital one ? havent paid for a while was paying minimum £5 (200)
limit balance over £400 charges claiming back charges
crisis loan 25 £500
petrol 60
car insurance 36
food 200
dinner money 30
lottery syndicate 4
black horse 37 debt management plan (£2000)
1417
sorry probably missed something, havent included clothes, shoes or anything
I try to do a budget but it never seems to work. I am also trying to claim back £1500 of charges from the Halifax

not sure what to do, keep applying for jobs but not got anywhere yet


Many thanks

ClaireLR

Hi Cloud,

I was in the same kind of situation last year, where I owed out more than I earned, and I was advised by CAB to go to Payplan who sorted out a debt management plan for me. BAsically they look at what you earn and work out how much to allocate for each of your bills and then whatevers left over they pay towards your creditors. It is a free service funded by banks and other financial institutions. Please dont go to any other debt management company as they charge fees which could be going towards paying off your debts. I now pay £89.50 a month back to my creditors instead of approximaltey £350 and I am a lot better off, I have no stress as payplan deal with all the correspondence and I no that now there is light at the end of the tunnel.

Have a look at their website https://www.payplan.co.uk I cant praise them highly enough they ve been brilliant.

Hope this helps

Claire x x

Cloud9_3

Thanks very much Claire, I'll give it a go
xxx