Bit of advice

Charlie0802

Below is an SOA calculation that I have just done and I was hoping for some advice. I have a telephone appt. with a debt advisor on Thursday and I'm hoping to have an idea of what to expect.

This is keeping me up every night now and I'm finding it hard to cope. After me and my sons father broke up I was left with a lot of debt in my name and found myself having to pay debt of with more debt and having to buy basic living items - beds, washing machine, clothes etc from catalogues due to having no money.

The part on my debts where repayment amount shows zero are currently debts that I have been trying to ignore but I know something needs to be done now. Also where it shows other income this is my housing benefit, I'm not sure if I need to alter this and rent amount or not?

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned....................

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 528
Other income............................ 438
Total monthly income.................... 966

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 20
Electricity............................. 88
Gas..................................... 40
Oil..................................... 0
Water rates............................. 42
Telephone (land line)................... 20
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 13
Groceries etc. ......................... 300
Clothing................................ 30
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 7
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1157


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
MBNA...........................463.......25........25.7
Barclaycard....................898.......21........28.9
Halifax CC.....................563.......23........26.4
ChildTax Overpayment...........525.......25........0
Clockwise......................650.......80........8.9
Studio.........................600.......33........39.7
Santander......................950.......40........0
O2.............................130.......0.........0
Npower.........................470.......0.........0
Vodafone.......................702.......0.........0
Shop Direct....................2244......62........35.7
Shop direct....................6551......98........37.9
Total unsecured debts..........14746.....407.......-


Monthly Budget Summary
Total monthly income.................... 966
Expenses (including HP & secured debts). 1,157
Available for debt repayments........... -191
Monthly UNsecured debt repayments....... 407
Amount short for making debt repayments. -598

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -14,746
Net Assets.............................. -14,746

Created using the SOA calculator at stoozing
Reproduced on Moneysavingexpert with permission, using Firefox browser.

Thank you in advance for any helpful advice.

Charlie0802

Also I would like to add the groceries bill is this high as there is myself, my partner and my 3 year old son in the house permanently and then we have my partners 3 children 3 days a week. It doesn't really cover everything but being in high debt beggars can't be choosers so we make do with un branded items.

Debtslayer

Hi
Do you receive any money from your partner? If you do then you need to include this in your soa. It also needs to be included if they do have income but for some reason none is given to you; this needs to be a household soa

tallyhoh

Your income seems very low, have you missed something off?

Charlie0802

My and my partner currently recieve £199 a fortnight in JSA due to him losing his job in March, £62 a week in Child Tax Credit and £20.30 a week in Child Benefit. Then £438 every 4 weeks for housing benefit. That's all that we get.

I've filled the top in wrong sorry redrafted SOA :

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned....................

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 730
Other income............................ 438
Total monthly income.................... 1168

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 500
Management charge (leasehold property).. 0
Council tax............................. 20
Electricity............................. 88
Gas..................................... 40
Oil..................................... 0
Water rates............................. 42
Telephone (land line)................... 20
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 13
Groceries etc. ......................... 300
Clothing................................ 30
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 20
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 7
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
(Unnamed monthly expense)............... 0
Total monthly expenses.................. 1157


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
MBNA...........................463.......25........25.7
Barclaycard....................898.......21........28.9
Halifax CC.....................563.......23........26.4
ChildTax Overpayment...........525.......25........0
Clockwise......................650.......80........8.9
Studio.........................600.......33........39.7
Santander......................950.......40........0
O2.............................130.......0.........0
Npower.........................470.......0.........0
Vodafone.......................702.......0.........0
Shop Direct....................2244......62........35.7
Shop direct....................6551......98........37.9
Total unsecured debts..........14746.....407.......-


Monthly Budget Summary
Total monthly income.................... 1,168
Expenses (including HP & secured debts). 1,157
Available for debt repayments........... 11
Monthly UNsecured debt repayments....... 407
Amount short for making debt repayments. -396

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -14,746
Net Assets.............................. -14,746

Created using the SOA calculator at
Reproduced on Moneysavingexpert with permission, using Firefox browser.

DCFC79

Shop direct is on twice, is that an error or meant to be direct and Direct ?

Charlie0802

I hold two accounts with them at different interest rates that's why I have put them separately. ( Very & Very Additions)

DCFC79

Charlie0802 wrote: »

I hold two accounts with them at different interest rates that's why I have put them separately. ( Very & Very Additions)

Ah I see, any news on the job front ?

Mobile phone is high at £40, can you reduce it?

Charlie0802

Partners been applying over and over but difficult due to no qualifications, having worked for his previous company for 7 years as an industrial cleaner there aren't many jobs in this field, having no transport doesn't help. Keep trying anyway and find myself applying for around 20 jobs weekly but having anxiety disorder this does rule some out that don't require formal qualifications. Please don't look at this and think "Oh a pair of dole dossers" as I can assure you we are not and I am also not an estate girl. The reason I don't have qualifications other than my GCSEs is because at 15 I developed severe panic disorder and could not leave the house. Despite not attending school through out the whole of my final year I still managed to get 6 A-C grade GCSEs, and then go on to work in sales for 3 years, unfortunately a commission only sale positions is no use now I have a house to run and a young child to support.
I'm just having a real string of bad luck.

I'm not being rude I just feel bad enough already and could do without feeling worse.

Charlie0802

Not really as we don't use the landline due to it being damaged when the double glazing being done and BT wanting £99 to repair it.

RAS

basically stop paying the debts and make sure all your priority debts are paid.

I think a DRO might be in order but you may have to pay off the utilities and CT overpayment even if that goes through.

You need to stop buying goods from very expensive catalogues and spend time on freecycle and freegle. Otherwise you will repeat the cycle.

Do you have a basic bank account with someoen to whom you owe nothing? If not you need one. The co-op are not now taking BRs, not sure about DRO but it may make sense to avoid them.