Need a little advice please, My SOA

RossDoughty

rising_from_the_ashes wrote: »

Does your partners not get any funding - student loan etc?

What about all the missing things in the SOA - who pays for them?

She gets no funding at all, I get ( or will get soon ) 25% off council tax for her bieng in education.

TakingControl

Based on your new SOA, you have £540 pounds left over after paying all bills etc. This would clear your text loan and a chunck of your other pay day loan in one month and you would be debt free in the second month.

I assume you don't have any money left over? Are you entitled to benefits or is your partner getting any educational grants/loans at all?

shop-to-drop

Is your partner looking for parttime work?

RossDoughty

TakingControl wrote: »

Based on your new SOA, you have £540 pounds left over after paying all bills etc. This would clear your text loan and a chunck of your other pay day loan in one month and you would be debt free in the second month.

I assume you don't have any money left over? Are you entitled to benefits or is your partner getting any educational grants/loans at all?

No, she does not get anything as far as I am aware. I get the reduction in council tax, however where could I look for any benefits she could get?

notanewuser

tallyhoh wrote: »

Not sure what you mean about the loan costing you £20 a week, is that just in interest?

I think it's more like £20 a week * 52 weeks a year = £1040. So £1000 loan over a year. So it doesn't take any account of interest at all.

notanewuser

OP - please do not multiply weekly figures by 4 to get a monthly amount - you need to multiply by 4.333. There are 13 lots of 4 weeks in a year but only 12 calendar months.

[Deleted User]

RossDoughty wrote: »

it would take me £20 a week, which I can do

It would only be £20 pw, if it were 0%.

Your Council tax is awfully high. Does this include arrears, or do you live in a mansion?

Electricity seems high. Try a comparison site for a better deal.

You need to include APRs for your loans.

RossDoughty

Bedsit_Bob wrote: »

It would only be £20 pw, if it were 0%.

Your Council tax is awfully high. Does this include arrears, or do you live in a mansion?

Electricity seems high. Try a comparison site for a better deal.

You need to include APRs for your loans.

Yeah, I am paying for last years council tax too.

Also, my electric is in arrears of £410 however, paying 110 a month, I could clear that pretty soon.

TakingControl

RossDoughty wrote: »

No, she does not get anything as far as I am aware. I get the reduction in council tax, however where could I look for any benefits she could get?

You could check this on the goverment website. Also, do you have this surplus money as per your SOA? If so, you could be debt free in 2 months without the need for a loan

dfwsometimesoon

apologies but ...when u say ur partner is in full time education.... do u mean she is still at school??? Just really confused that there is no funding whatsoever.....