HELP - desperate!

david_hellier

Hi,

Sorry for the delay. It's not looking too good I'm afraid; this is an emergency situation. You must ensure that you keep up your mortgage and council tax payments as a priority over the other debts. This will avoid repossession/baliffs/prison in the first instance while you decide what to do.

Do not consolidate or borrow more, use credit cards for any more purchases or shuffle any debts around; this will only aggrivate the situation.

According to my figures you are overspending by £339.55 per week. This excludes food and pensions. So in theory you cannot afford to eat.

You will need to take further advice from the CCCS or CAB; show them these figures. You also need to call all the cards and explain the situation and tell them you will be forced to file for bankruptcy if they do not allow you to freeze interest. You may need to consider selling the house and renting, to give you some respite. The proposed new legislation may allow cc companies the same rights as secured lenders in future, effectively taking away your house, so you must be careful here.

The figures are as follows, exclude, food, pensions (stop)

income weekly monthly
self 1436.00
partner 0.00
ctc 42.43






total 0.00 1478.43 divide by 4.33
£341.18

£341.18 total weekly income

spend weekly monthly
rent/mortgage 818.56
council tax 162.00
elec 67.00
gas 63.66
water 53.00
secured loans 0.00
TV licence 11.37
fines 0.00

bb 17.99
O2 35.00
3 mob 60.00
life 4.84
loan 200.00
petrol 50.00
mot 15.00
car ins 33.00
road tax 10.00
first direct 354.99
citi 158.61
cap 1 36.00
mbna 210.00
lloyds 212.94
goldfish 96.90
morgan 68.91
bc 17.67
gm 111.39
M&S 21.00
debs 10.00
od payoff 50.00


total 0.00 2949.83 divide by 4.33
£680.73

£680.73 total weekly spend

Start= income - spend = -£339.55 per week