New here - please help :-(

RAS

ACEY wrote: »

Please find enclose a tear off slip offering £1 per month in the first instance. I hope to increase this as soon as my circumstances improve.

My outgoings at present are per month:

Mortgage: £359.34
Endowment: £84
Electricity: £73
Water: £8.10
Phone: £30
Firewood for heating: £20
Petrol (sons’ schools is 4 miles away): £40
Food, clothing, school trips etc: £200

I receive at present per week:
Child benefit: £30.20
Tax Credits: £80.07
Income support: £59.15

I believe I am supposed to get the interest part of my mortgage paid shortly and once this happens, I will be in a position to pay MCS slightly more each month. However, I also have a legal bill outstanding from my divorce of £18,000.

great.

Hope it hold them off for a while

RAS

Hi we still ned to know what MBA is. Can you wack out the following letter.

Thank you for your recent response to the Subject Access Request received on (date) August 2007.

With respect to the Subject Access Request, I note a number of items that I cannot understand as they have been abbreviated.

Please could you explain what the following are and the basis on which they are calculated:

MBA

Anything else for which they have used initials

Yours




Am really please to learn that something is happening with the mortgage interest. What is your current OD? Will the back payments cover it?

RAS

ACEY wrote: »

Do you think the amount will fall from £9,000 to £3,000 ???

It is possible, but we need to know more about the MBA and also how much you payed for the PPI before November 2000.

Amount owed £9795.40

Interest added after account closed and referred to debt collection £3258.84

Cost of PPI - £2001.65 principal or £2,572.80 with interest - need advice on this as cannot tell if the interest was included already in the £3258.84 above or addtional to it

PPI payments from Dec 2000- may 2001 5 x £42.88 = £214.40

PPI payments before December 2000 How many x value - we need the monthly payment from the old HSBC current account statements here

So that about £6,300 we want taking off the debts just for interest and PPI

Plus

Possibly fees for setting up PPI insurance?

Possible MBA (once we get a response explaining what it is)?

*whisper* there is a job vacancy in one of the schools where I volunteer. If the hours in any way fit round my children, I shall be applying over the weekend.

Completely the wrong qualifications, but plenty of voluntary work.

Hi Sorry to be a bit of a damp squib, but please, please can you get some advice from a benefits advisor at CAb before you go too far with this.

The reason being that I think that if you go back to work, you may lose the right to any help with your mortgage. You need to be sure that WTC/CTC and your salary will leave you better off than JSA, CTC and the mortgage interest payments that are coming through.

Liz

May be PM debt doctor on this as a first point of call?

Frith

Don't worry, the job was very full time but only for 3 months. When I got through to Social Security, I asked and they said it was almost too complicated to even contemplate.

Liz

RAS

ACEY wrote: »

Don't worry, the job was very full time but only for 3 months. When I got through to Social Security, I asked and they said it was almost too complicated to even contemplate.

Liz

Bit of a cow.

trouble is that if you get a job and ever end up on JSa again, you lose your Mortgage support for 9 months again. So it has to be permanent.

Frith

I can't get statements from before September 2001 so I don't think we will ever know the ins and outs of HSBC before that point :-(

Liz

RAS

ACEY

What period do you have HSBC statements for from when you asked for them to recalim your bank charges?

kunekune

I have not read all of this but I have a question about how you ended up with all the debt in exchange for ex's interest in the house. Was it clear at the time how much debt there was? Did you have separate legal representation? I'm just wondering whether you got screwed and whether there was a failure to advise you properly ... given that you were unclear about the nature of the debt when this thread started, it sounds as though that might not have been clear when the matrimonial property was sorted out.

Frith

RAS - will get statements out later tonight, am just back from school and about to go to college! Back 9ish.

Kunekune - yes, there's the "form E" (from memory!) where all the debts etc are listed. I had a series of barristers.

Pretending my house was worth 100,000 (so I can do the sums), the ex should have had 40% of the equity. The equity was about 55,000 so what would that be....... 22,000? Then he wanted half my savings (peanuts), half the endowment policy and half of my pension.

I traded the joint debts so I could have 100% of the house. Oh yes, the value of 2 cars came into it somewhere as well.

I put the debts at what they were when he left, although by the time we got divorced I had already paid off about 10,000. :-) Also undervalued the house....

Liz

Frith

P.S The 18,000 of debt from the legal fees was not included in the financial part of the divorce because the child residency side was not completed for another year or more.

After the divorce I was left with £9,000 of debt, a crappy Micra and a cottage in the country. The ex had nothing at all.