Help ! pls

chrisbee_2

Hi all just looking for some advise, im unable to get credit anywere how can i repair my credit score? also how would you go about clearing some of my debt i have around £3000 compensation coming soon.. what shall i do ? full & final offer on some of my debt?

alwaysonthego_2

can you post a soa so we can advice you further. There is Southerns soa template in a sticky above

poppyjay

hi dont realy know what to say but if it was me i would offer full and final on the debt which is costing you the most good luck

chrisbee_2

Monthly Incomings:

My salary - £1,300


Montly Outgoings:

Mortgage/Rent - £216
Council Tax - £52
Electric - £30
Cable+Phone £25
Food+maintance £346.66
Car Insurance - £54.53
Petrol - £130
Barcleyloan £75
Barcleycard £40
Rockwell £50
lloydstsb credit card £11.31

Total: £1030.50

chrisbee_2

poppyjay wrote: »

hi dont realy know what to say but if it was me i would offer full and final on the debt which is costing you the most good luck

how much do they usually take off you outstanding balance??

do you think i would be able to clear my b/card and rockwell debt with 3000 pounds ?

alwaysonthego_2

how much do you owe on your debts and what are the aprs

alwaysonthego_2

chrisbee wrote: »

Monthly Incomings:

My salary - £1,300


Montly Outgoings:

Mortgage/Rent - £216
Council Tax - £52
Electric - £30 try supermarket.com for cheaper quote, do you have gas?
Cable+Phone £25 as above what about internet?
Food+maintance £346.66 how many of you in your household
Car Insurance - £54.53 seems expensive as above to see if you can get cheaper
Petrol - £130
what about your water rates? contents insurance
Barcleyloan £75
Barcleycard £40
Rockwell £50
lloydstsb credit card £11.31

Total: £1030.50

are you sure you have included everything, what about clothes etc

chrisbee_2

alwaysonthego wrote: »

how much do you owe on your debts and what are the aprs

total debt £14743 and ive managed to get all intrest frozen

angelavdavis

Hi ChrisBee,

My questions/tips:

Questions:

• Are the amounts you are paying minimum payments?
• Where does the £270 go every month?
• Find out your aprs because this will help highlight the debts that are costing you the most to pay and so which ones are better for you to settle with your compensation. You can usually offer 70% full and final settlement on the total amount owed. You will find a letter here that will help you make offers to settle your debts.
• Is there just you? The main reason I ask is that the food figure seems quite high. I would suggest you take a visit to Old Style forum for some tips on cutting back on the food bills.

Notes/Tips:

• I think you might have missed off a few things: TV Licence, MOT/Tax for car,etc
• It might be worth you keeping a spending diary for the next couple of months, it will highlight areas where you could cut back more.
• I would enter your debts, payments and interest rates into the snowball calculator here, it will help highlight the areas to pay off first and when you are likely to be debt-free.