Help the titanic has hit the iceberg and i am sinking fast!!!!! SOA

richieboy222

Well i am hoping that with all hands on deck and my hard work i will be able to see some light. Lets start.
Outgoings
mortgage £417.00 dd can't cancel already on interest only done this month monthly
council tax £65.00 dd can't cancel monthly
gas/lecky £45.00 dd can't cancel monthly
a/s/r Insurance £28.90 thinking about it monthly
tv £11.39 can't cancel monthly
buildings and contents insurance £12.54 can't cancel monthly
food £90.00 This includes clothes everything you can buy in tescos washing powder cleaning etc. monthly
tabacco £75.00 per month ok have only just worked this out
monthly
british telecom phone and internet £90 per three months
You will notice no mobile phone or car bills i have a company car and phone whic i do not pay for. Yep nothing narder.
Total £775.00

DEBTS

Barclaycard 12.90% 3227.95 PURCHASES

Barclaycard 27.90% 2632.04 CASH £203.00 MIN PAYMENT

Egg 16.90% 3472.7 £78.69 MIN PAYMENT

Virgin 21.9% 3936.23 £70.00 MIN PAYMENT

Abbey 9.60% 5681.71 LOAN £154.16 LOAN

Barclays 1750 OVERDRAFT NO PAYMENT

Smile 500 OVERDRAFT NO PAYMENT

Total payments £505.85 without paying any Overdraft off.

So total payment per month £1280.85

Salary per month £1200.00

What i have done in past two weeks due to hereing martin on radio 2

i) Barclays claiming back bank charges £1080 possible.
ii)reduce mortgage payments from £517.00 to £417.00
iii)taken ppi off loan saving £25.50 per it was £180.00 per month
iv) Might be able to claim some charges back from an old royal bank of scotland account but not banking on it.
Credit rating fair according to credit expert what that means i have no idea what so ever.
But have applied for two loans which i got turned down for this is when i had my lightbulb moment. So a bit reluctant to go again and ask for credit. Have asked all three cc for reduction in rate all said no and virgin put the rate up from£15.9 to 21.9 which was nice of them.

Ok so questions

i) is it possible to get nicotine patches on the nhs free. (As i do have a rather sexy doctor so don't mind going to see her shame she married)
ii) any cc who will give me 0%??
iii) is there anything i am missing??? bar the smoking
:eek: :beer:

spud30

It is possible to get nicotine patches on prescription.

Not quite free, if you pay for your prescriptions.

Badsaver

Nicotine patches are available on NHS. They can also give you the gum. I went to the "Im Jo and Im a smoker" groups and it was stupid and didnt help (but then again, this may work for some people) i went to the doctors and told her and she just prescribed me patches which I get free because I get tax credits! Hope thats been useful!

Jo x

newleaf

Yes, you can get nicotine patches and gum on the NHS. You can also get medication to help you stop smoking, there are a couple of types available. Your lovely GP will be very pleased to discuss these with you The practice will probably have a smoking cessation clinic too. You'll find loads of people trying to give up now, as the 'public places smoking ban' comes into force soon.
Good luck! I'm sure you won't regret it

I_was_a_fool

Hi there

Apart from the smoking, I dont see anything else you can cut down on.

Maybe consider entering a debt management plan? have a look at the CCCS or Payplan websites for advice on this. This will trash your credit rating, but you will probably get interest and charges frozen on most or all accounts and therefore manage to pay them off more quickly. Good luck, especially with the stopping smoking.

My OH has not smoked for 12 days now after consulting his GP & being prescribed "Champix". This is after over 30 years as a smoker. Im hoping that this is it for him!

Sharon

richieboy222

don't want to destory credit rating if i can avoid it. but thanks

hypno06

richieboy222 wrote: »

don't want to destory credit rating if i can avoid it. but thanks

In which case you have to increase your incomings somehow. Can you get a second job? Ebay everything that isn't nailed down, get car booting. Go mystery shopping?

It seems that your income is some way short of your current outgoings and cutting out smoking is not going to solve the problem although it will go some way towards it obviously.

I reckon a second job might be what you need right now. Hard work, but worth it.

richieboy222

yep was going to start looking and might even rent a room. One step at a time.

I_was_a_fool

Have a look at http://www.whatsthecost.com/

You can put in all your credit details and work out which to concentrate on to get them paid off quicker.

One thing which will save a lot in interest charges is to not reduce your CC payments as the minimum goes down, just keep paying the same.

Sharon

hypno06

Also, have you addressed your reasons for spending all of that money? Even if you work at cutting back some things and moving around others, etc, if you haven't cut up the cards and absolutely addressed your spending issues, then you will not make the progress you need.

Def use the snowball calculator at https://www.whatsthecost.com - it is a really good motivator IMHO.

richieboy222

well i have yes stop going to the pub did i really spend 15 quid per night in there and that 4 nights a weeks. And now if i don't need it i don't buy it and if i do can i get it cheaper somewere else.