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Should this be in my SOA?
Tommymax81
Posts: 38 Forumite
Hi All,
When I completed my original SOA I didn't include some CC debt that I have in my name that is actually paid by others. A family member and a friend owe around £3000 on my CC's - I helped them out when they were stuck ( I know that I am not really in a position to do this but.......) . I won't go into details but they make the payments and it costs me nothing. Should I have included this on my SOA even though I don't actually pay it????
When I completed my original SOA I didn't include some CC debt that I have in my name that is actually paid by others. A family member and a friend owe around £3000 on my CC's - I helped them out when they were stuck ( I know that I am not really in a position to do this but.......) . I won't go into details but they make the payments and it costs me nothing. Should I have included this on my SOA even though I don't actually pay it????
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Sorry if last post was a bit of a ramble. Feeling really crappy this evening. Probably my lowest point since my LBM. Feel really guilty that I am in this situation and that I am not providing more financial stability for my son. I know that he doesn't go without but I can't help but feel that I have let him down by not being more financially secure.
I desperately want to get out of this debt and rid myself of this stress!!!!!!0 -
No I wouldn't count it, as long as your friends are reliable and will keep payingDebt £26k 18/10/140
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I would say it depends on if the SOA is just for your own use or for sending to creditors.If it is going to creditors it needs to be included.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0
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