my new soa

shamu95

Income.

Wages 1300 per month variable
Avon £75 per month variable
'Taxi' box £20 per month variable
Grandparents £80 per month variable
Child benefit £118 per month
Mystery Shopping £30 per month variable
From 17th Apr Playgroup £50 per month
Ebay £35 per month variable
Total:£1708

Outgoings.

joint a/c for all bills etc £480
Secured loan £375 £36000
Phone bill £40 incs internet
shopping £80
Car inc parking £40
Savings £65
Insurance £15
Gym £12

credit cards

Citifinancial £382.20 (£12739.93) 15.9%
Morgan Stanley £19 (£928.60) 0%
Capital one Mastercard £9.28 (309.44)24.3%
Capital one Visa £47.64 (1588.30) 21.24%
Halifax £132.48 (6624.59) 22.53%
Barclaycard £6 (£220.09) 26.2%
Abbey £67.37 (1821.38) 22.44%
Dad £125 (£7000) 0%

Total:£1895.97

Idiophreak

can you list the APRs of the CCs and a breakdown of what the £480 goes on?

shamu95

hi will do the aprs but the joint account is non negotiable. i have cut all the bills and we seriously dont need to pay that much each month but cant get oh to see this so i'm stuck with it.

tesuhoha

How much have you got put by in savings? Could you not use this to pay off some of your debt? The interest rate you're getting on your savings will be less than what you are paying on your debt.

tesuhoha

Stopping the savings would also go some way to lessening the gap between your income and your outgoings.

Storm

What's the savings for? It's counter-productive to have a savings account when you're being charged much higher interest on the cards. If you've got a decent amount in there throw it at the highest APR card.

You're obviously already doing loads to get extra income in, but as a lot of it is variable it makes it harder for you to budget. Pop up the APRs & the limits - you might be able to BT some off a high APR onto a lower one at least.

With the joint account money - I know your OH isn't wanting to help you financially, but could he at least take a little bit more of the strain, as even reducing your contribution for a couple of months would help you to get in a better position.

shamu95

I think i have £2500 in savings i am going to get that checked. i have reclaimed £120 in charges so far am awiting court dates for 2 cases and the info for 5 more cards. im also looking into claiming ppi rebates and lpi rebates on the new fsa ruling.

shamu95

All cards practically at the maximum think i'm £50 shy off each 1. Switched loans to reduce payments as soon as stopped burying head in the sand and it did reduce them a fair bit

immoral_angeluk

Do you get any tax credits for the kids?

shamu95

£40 which goes into joint account.

Idiophreak

have you missed any payments etc?
do you think you'd be able to get another 0% card (assuming you can't BT to that one at 0%), or a nice low life-of-balance card?

could you take a break from paying your dad for a couple of months? just while you knock off a couple of the lower cards?