Phone contracts

elcave

Believe me I understand how it looks and its me whos been left in the mess trying to get it sorted

elcave

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 0

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 120
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 31
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 0
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 6
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 157


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
phone contracts................4180.29...0.........0
payday loan....................487.41....81.25.....0
Total unsecured debts..........4667.7....81.25.....-


Monthly Budget Summary
Total monthly income.................... 0
Expenses (including HP & secured debts). 157
Available for debt repayments........... -157
Monthly UNsecured debt repayments....... 81.25
Amount short for making debt repayments. -238.25

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -4,667.7
Net Assets.............................. -4,667.7

The contracts cant be cancelled unless I pay straight away

fatbelly

You'll need to start getting advice from someone who can ultimately submit a DRO: so CAB, CCCS, Payplan, National Debtline...

It sounds like the termination fees on the phone contracts are still to come, and probably your JSA payments. You really need some sort of stability in your income/expenditure if you are going to consider a DRO.

Any chance of getting back into employment?

elcave

I am seeking employment and have filled in the necessary forms regarding my previous employment so hopefully in the next week I should be getting JSA. The contracts couldn't be cancelled unless I have an income so I have to do that then.

honey10

elcave wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 0 will be in the region of £180
Other income............................ 0
Total monthly income.................... 0

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 120 will this still be £120 on benefits?
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0you don't pay anything?
Gas..................................... 0and this?
Oil..................................... 0
Water rates............................. 0or this?
Telephone (land line)................... 0
Mobile phone............................ 31can this be reduced at all?
TV Licence.............................. 0you don't have a TV?
Satellite/Cable TV...................... 0
Internet Services....................... 0or the internet?
Groceries etc. ......................... 0There should be something here, you have to eat
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0I'm concerned there is nothing for travel, especially if you are jobseeking
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 6
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0There really should be something in the few above this, just because you don't need it right now doesn't mean you shouldn't budget for it
Total monthly expenses.................. 157


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
phone contracts................4180.29...0.........0
payday loan....................487.41....81.25.....0I presume you know that this HAS to be paid off first? ASAP or it will cripple you
Total unsecured debts..........4667.7....81.25.....-


Monthly Budget Summary
Total monthly income.................... 0
Expenses (including HP & secured debts). 157
Available for debt repayments........... -157
Monthly UNsecured debt repayments....... 81.25
Amount short for making debt repayments. -238.25

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -4,667.7
Net Assets.............................. -4,667.7

The contracts cant be cancelled unless I pay straight awayThe direct debits will have to just be cancelled. It might ruin your credit, however its better than paying 7/8 contracts a month out of JSA

I hope you can clarify the points I've made, I hope I can help, at least just a little

elcave

Rent.................................... 120 is what i now have to pay since going unemployed (live with my mam)
Electricity............................. covered in rent
Gas..................................... covered in rent
Water rates............................. covered in rent
Telephone (land line)................... covered in rent
Mobile phone............................ 31 cant be changed
TV Licence.............................. covered in rent
Internet Services....................... covered in rent
Groceries etc. ......................... covered in rent
Other travel............................ varies week to week
payday loan.................... gonna go over that at a meeting with CAB or someone

honey10

Thanks for clarifying, I didn't realise you still lived at home. Maybe its worth talking to your mum, see if she will reduce the 'rent' until you are more on your feet.

elcave

she cant as shes only on jsa aswell
how do you arrange a meeting with CAB or anyone else?

elcave

If I cancel the contracts would my bank account be charged straight away?

wba31

elcave wrote: »

she cant as shes only on jsa aswell
how do you arrange a meeting with CAB or anyone else?

For your local CAB it might be worth checking out their website, many requrie you to turn up and queue prior to their opening.

Alternatively you can ring one of the free providers and do it all from the comfort of your living room. CCCS is 0800 138 1111, open 8am-8pm and i'm told that number is free from mobiles as well as landlines. National Debtline is 0808 808 4000 and they are open 9am-9pm.