help needed

jaydeacon

hi all first post
being reading for a while but never joined until now

i finally am in a position to clear my debts, i currently owe about 38k i earn about 1100 a month after tax but this is after deductions for my company car and petrol and also my mobile phone bill

so i need help where do i start

ive looked into iva's and bankruptcy but would like to avoid these options is possible

immoral_angeluk

Hi.. firstly take a look at this post on Soa's http://forums.moneysavingexpert.com/showthread.html?t=107280

If you post in on here with details of all your in and outgoings including debt details we'll be able to help you find a way to get sorted.

Welcome to MSE!

rog2

Yep - I echo IA's advice - get your SOA on line and the help will come pouring in. :beer:

jaydeacon

Monthly Incomings:

My salary - £1100 roughly can be upto 1600 depending on o/t

Total - £1100

Monthly Outgoings:

Mortgage/Rent - £200
Council Tax - £50
Gas - £20
Electric - £20
Sky £55 <--this can be axed as everything is repeats anyway, i am out of contract now
Food - £150
fags - 120 - dirty habbit i do plan on quittin


Total: £615

i dont pay anything off my debt at present and havent done for nearly 4 years, i dont know the exact amounts i owe or in fact who i even owe to anymore, i have kinda just buried my head in the sand for the last few years and forgot about them

immoral_angeluk

Do you know what you owe and to who? Might be worth getting your credit reports to see what comes up.

jaydeacon

i have sent off for them i can give you a rough state of accounts

lloyds tsb current account 3000
lloyds tsb loan 9000
hsbc current account 3000
hsbc loan 6000
hsbc c/c 4000
orange 600
o2 400
3g 200
littlewoods 300
next 400
time store card 2000
burton store card 500
other bank accounts about 3000
and maybe some other little debts that wuld bring the total upto about 38k ish

as i say i have had no contact with any of these creditors for a few years now

joeblack066

As you have some spare income each month, I think that you would be best to talk to CCCS or Payplan, they will give you good advice.

smashedbooboo

Hi have you heard from any of them recently. and i so who. Are there any charges you could claim back. I guess there might be. You really do need to check your credit report as I A says. Welcom to MSE. You will get loads of advice from everyone on here. Do you know if any have been passed to debt collection agencies. If so can you let us know who they are and when you heard from them. We will be able to see what stage you are at with everything. Then you can prioritise the debts.