Budget

grandadsmith

Aged 62, redundant second time last summer, 50K+ various unsecured.
DMC since.

Houseowner, no secured, Married no dependents, debt all in my name.
Just received (sat) CCJ judgement re HFCmarbles, which simply relayed HFC demand for £168pm.

Planning redetermination application, leaving a proposed £100 to divide among creditors ? income ex works pension £900 per month.

http://i139.photobucket.com/albums/q291/ian29smith/budget.png?t=1186254185

Still with DMC,

Any help welcomed.
Thank you.

Woops, Please move to budgetting

hypno06

Good Morning!

The DMP that you are currently on - is this with a fee paying company? If so, I would advise that you speak to one of the free companies eg CCCS or Payplan to get your plan switched over so that you don't pay fees which could be better used to reduce your debt.

In order for the guys here to give you their best advice, could you look at Southernscouser's sticky, just above, for first time posters and produce an SOA? If you are able to post that, then you will get lots of helpful input, I am sure.

Presumably you are not currently working? Are you able to claim any benefits or find something part time, for example? Ditto for your wife.

The support on these boards is amazing - you will get things sorted.

grandadsmith

SOA

incomings / outgoings....budget.

Budget.:-

http://i139.photobucket.com/albums/q291/ian29smith/budget.png?t=1186254185

Yes paying DMC £50. Rang NationalDebtline yesterday, they require £100 pm to work with. And they suggested redetermination before supplying them with budget.And they doubt I can clear £100 with £168 CCJ judgement.

Have tried several jobs , not easy to find at 62, was told too slow, actually other starters were 2.5 times faster than me.Did lie regarding carpal. Had rejection slips Tesco / B&Q.

I should lie about previous carpal, produces instant rejection.
But ....
I believe I have a fear of starting up carpal again on right wrist, had it before.
Left hand was done, was literally years of sleepless pain, you can loose the use of your hand if you ignore it, and took about two years post op to clear pain. They said about 6 weeks.

Debts in my name only, wife earning pocket money, local school like 1 hr weekdays termtime only dinner lady, she really loves that job.

I am typing one finger, never did typing, takes forever.

liz105

definately second hypno, get over to CCCS or Payplan ASAP!!!!!!! Any fee paying companies are rip off merchants.

Do you have an Asda near you? a meet and great role? no lifting or writing then.

are there any agencies in your area that you could register with? I understand the carpal thing, I've worked with girls my age who are already suffering/going through treatment at 25, started suffering myself with the aches and that it bad enough.

best of luck

CLAPTON

I'm afraid your SOA is rather difficult to read and your posts are not entirely clear to me.

However, if you are saying that you will have about £100 per month to pay towards debts of £50k then I would suggest you discuss bankruptcy with CCCS, Payplan or NationDebtline.
Even if all interest, charges etc were frozen then you are looking at over 40 years to repay the debt.

Karmacat

Hello grandadsmith

I've been trying to decipher your budgets as you've linked to them. I don't completely understand them, and I must emphasize I don't know ANYTHING about dmps or bankruptcy or ivas, anything like that.

But....... just looking at your figures, these are the things that stand out to me:
- on the admission budget, is that £40 a month for the phone? That seems very high to me. Look at Martin's articles on the main site for shopping around to get the same, or a bit less, a *lot* cheaper.
- it looks like your fuel costs are £93 for gas and elec, and another £40 for other fuel, per month??? Is that right? Is that overpayment for old debt? Again, if not, its incredibly high. Again, look at Martin's articles on the main site to get it cheaper.
- housekeeping of £300 per month is high for two people - you can spend quite a lot less than this and still live well. There's a thread on this forum called Moneysaving Old Style, something like that - lots of tips on how to make things stretch, and buying in the less expensive ranges of goods - e.g., don't buy Tesco Finest, buy Tesco Value (just a for instance).
- Debtline budget - if you're 50 grand in debt, you don't need £26 of clothes a month, you have to make do for a bit.
- back on the CCJ budget thing, on the left hand side of your photobucket budget, you have a listing for £29 for leisure and £25 for contingency, as well as a fee for £50 that I can't read who you pay it to. These are non-essentials, and you may have to cut back more than you hoped you'd have to.

I know its horrible, and I really appreciate that you were maybe hoping to ease up at age 62, heading into a leisurely retirement, but you may not be able to for a while. Sorry.

Anyway, I hope the feedback has helped.

grandadsmith

Thank you all for all the replies.