Trying to sort out this mess

Tinks_77

Hi all

Have been reading about other people's debts on here for a while now & looking at my own, they seem really silly but here's my SOA.

Weekly Outgoings
Rent - £90
Council Tax - £22
Electric/Gas - £29
Childcare - £20
Food - £40
Travel - £5
Pinewood Finance - £25
T-mobile - £9
BT - £3
TV License - £3
ISP - £4.50

Debts
Pinewood Finance - £500 466.4% (Outstanding balance £750)
Newlyn (bailiffs for council tax) - £540
Thames Water - £81.46
Capital One cc - £200
Catalogue (AB) - £1750.26 29.8%
Catalogue 2 (AD) - £231.99 29.8%
Catalogue 3 (JD) - £970.21
Catalogue 3 (N) - 508.47 26.49%
Debt collectors (SC) - £2360
Debt Collectors (PPC) - £1166.60
Debt Collectors (PT) - £1990
Natwest - £700
BT - £180
Loan - £250


Weekly Income
Part time job - £104
Tax Credits - £166
Child Benefit - £17.50?

Any advice where to start or if i should try a DMP. It seems i'm juggling money around every single week & i need some sort of order to this chaos!

Have been on whatsthecost & my DFD is July 2012

Crown

Hi,and welcome,

466% Interest? Is that correct?? :eek:

Lucy1982_2

Quick question just done a quick calculation and you are left with £39 a week spare.

How are you paying your debts at the moment?

I don't know anything about DMP's but I'm sure that someone who does will be along in a bit.

Tinks_77

Crown wrote: »

Hi,and welcome,

466% Interest? Is that correct?? :eek:

I'm not sure...took out loan of £500 with £350 interest added, the contract says: rate of interest 70% (466.4%pa)?

immoral_angeluk

Tinks_77 wrote: »

I'm not sure...took out loan of £500 with £350 interest added, the contract says: rate of interest 70% (466.4%pa)?

Jesus christ!!!!

Lucy1982_2

I would have thought that was 70% total. I don't know I'm pathetic at working out interest rates.

My store card has an APR of 24.9% which is charged on my balance each month. I've never thought about adding it up.

Any ideas anyone?

Tinks_77

Lucy1982 wrote: »

Quick question just done a quick calculation and you are left with £39 a week spare.

How are you paying your debts at the moment?

I don't know anything about DMP's but I'm sure that someone who does will be along in a bit.

Well i'm having trouble with that part. So far have set up arrangements as follows:

Debt collectors
(SC) £20pm
(PT) £10pm
(PPC) £12pm

the rest, I have no idea where to start with them.

Shineyhappy

Is there any way for you to get some additional income? Also have you checked you are getting all the benefits that you are entitled to?

Tinks_77

Shineyhappy wrote: »

Is there any way for you to get some additional income? Also have you checked you are getting all the benefits that you are entitled to?

Yes, I'm currently looking for a 2nd part time job. Yes i'm getting my full entitlement in benefits, apparently.

lynzpower

Ive juggled it around to look at monthly- this is a better way of oversaeing all your finances
Income - 450. 66
tax credits 719.33

OUTGOINGS
rent 390
c tax 95.30
Electric/Gas - 125.6
Childcare - 86.60
Food - 173.30
Travel -21.66
Pinewood Finance 108.33


DEBTS
Pinewood Finance - £500 466.4% (Outstanding balance £750)
Newlyn (bailiffs for council tax) - £540
Thames Water - £81.46
Capital One cc - £200
Catalogue (AB) - £1750.26 29.8%
Catalogue 2 (AD) - £231.99 29.8%
Catalogue 3 (JD) - £970.21
Catalogue 3 (N) - 508.47 26.49%
Debt collectors (SC) - £2360
Debt Collectors (PPC) - £1166.60
Debt Collectors (PT) - £1990
Natwest - £700
BT - £180
Loan - £250

---

I would say 2 things, you should be entitled to council tax benefit ( this can be backdates too- so this should clear some of yourn arrears) and also housing benefit.

2. I think you should call payplan or cccs and go into A dmp if possible - you have a lot fo dbt there that you are presumably not paying at the mo, and it is a hefty amount.

have a good read on the DMP support thread and on the national debtline website to see what it costs.

In the meanwhile to keep afloat I suggest you sell anything you can on ebay amazon etc.

Hugs hun, it really looks like you are very up against it xx

FRUGAL_4

Hi,

Does your income include Child Benefit? How Many children do you have, are you on your own, if so are you receiving a discount for council Tax.

Are you paying internet fees? Do you have a mobile?

Go over the OS board and try to get your food shopping down a wee bit, its not easy but you may be able to save a wee bit.

Call CCCS today and they will advise.

OMG I canny believe the interest you are paying on a £500 loan, these people/companies want blasting off the planet.

FRUGAL