Debt Solutions Needed Please

sjpiercy

Ok, so last year I was in a 40k job with company car, fuel card, bonus etc. This year I find myself in a 20 hour temp contract job at 8k! Not a good place to be although overtime is plentiful so still managing to bring around 1300-1500 per month in.

I really need help with reducing debts and managing them better as we are starting to struggle. I had a 3 month arrangement in place with Coventry Building Society (Mortgage Provider) at the beginning of year when I first lost my job so cant do that again.

Current Debts

Mortgage - £650.00 (Total Outstanding £98,500)
Mortgage Unsecured Loan - £86.00 (Total Outstanding £14,500)
Personal Loan - £159.37 (Total Outstanding £8606)
Credit Card - £100.00 (Total Outstanding £3174)
Overdraft - £300 (Outstanding)
HMRC Tax Underpayment £55.00 (Total Outstanding £1300)
EE Mobile - £100 (Up to date for both phones (Mr and Mrs)
Npower - £117 (Up to date)


All other bills such as TV license and council tax are up to date and not affected.

My income (basic) would only be 750 but managing 1200-1500 most months.

Wifes income is around 800 due to maternity leave and is currently in her overdraft by 1500.


Any help appreciated.

Obviously the job hunt goes on!

timetogrowup89

hello,

You would be better filling out a proper full SOA then people will be able to give you advice once they see the full picture

Heres the link
http://www.stoozing.com/calculator/soa.php

There is lots of great people with money saving tips on here, so you are in the right place

wegle

Agree with TTGU, you need to do a full SOA to get a true picture of the situation.

From what you have posted you are bringing in between £2000 and £2300 and have outgoings of £1567.37 (however you haven't included everything here). You need to work out what your actual surplus is to identify how you can tackle your debt.

It struck me that your mobile bills and energy bills are very high. For comparison my husband and I spend £50 a month on our mobiles and £70 on our energy.

Have a go at the SOA, its a great tool.