I am in a mess and don't know what to do

[Deleted User]

I have cut most of the cards up.

moneyonmymindsam

What ever you do I wish you all the best :A

[Deleted User]

I think you have misread the situation Moneyonmymindsam. I have never ganbled in my life. The depression goes along with my health condition.

Skinnylatte

I think you need to change your user name first! You are not uselessnow, don't label yourself this way, you are on here because you have realised things need to change and you are asking for help, that is far from useless. It is a very positive and wise move.
I had a similar debt to you 2 years ago, I came on here and through the help of these forums I sorted it.
We look forward to your SOA....

[Deleted User]

I am looking at doing my SOA this morning. One question, on my cards I have various interest rates. How do I list them please?

[Deleted User]

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1500
Benefits................................ 524.4
Other income............................ 0
Total monthly income.................... 2024.4
Monthly Expense Details
Mortgage................................ 506
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 164
Electricity............................. 28
Gas..................................... 28
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 5.5
Mobile phone............................ 12
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 10
Petrol/diesel........................... 300
Road tax................................ 44.16
Car Insurance........................... 51.5
Car maintenance (including MOT)......... 41.66
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 0
Buildings insurance..................... 12.5
Contents insurance...................... 0
Life assurance ......................... 22.38
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1521.82

Assets
Cash.................................... 0
House value (Gross)..................... 300000
Shares and bonds........................ 0
Car(s).................................. 60000
Other assets............................ 0
Total Assets............................ 360000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 65100....(506)......4
Total secured & HP debts...... 65100.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
t..............................8005......160.......21
N..............................6210......139.7.....23
s..............................3945.61...105.......22
m..............................1800......23.88.....6.9
Total unsecured debts..........19960.61..428.58....-

Monthly Budget Summary
Total monthly income.................... 2,024.4
Expenses (including HP & secured debts). 1,521.82
Available for debt repayments........... 502.58
Monthly UNsecured debt repayments....... 428.58
Amount left after debt repayments....... 74
Personal Balance Sheet Summary
Total assets (things you own)........... 360,000
Total HP & Secured debt................. -65,100
Total Unsecured debt.................... -19,960.61
Net Assets.............................. 274,939.39
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.


Due to ill health I am no longer able to work


I have recently swapped some money from one card to another at a lower rate. Don't know exact figures until statements arrive. Can update figures then


Hubby's salary is a rough estimate as he works contract whenever they need him. Some months it s a couple of weeks other months it is nothing


Building & contents are joint payment


The C/C are listed at their highest APR.


I have included all credit cards in the house as all payments come from same bank account.

moneyonmymindsam

Sorry Useless now ...:kisses3:


I had you really confused with someone else...Think it was DozyDeb ..Really Sorry


Best of luck :beer:

amorge

HI, if I'm reading your SOA right you have £60k worth of cars and I can't see a debt that relates to them - sell a car?

amorge

uselessnow wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 1500
Benefits................................ 524.4
Other income............................ 0
Total monthly income.................... 2024.4
Monthly Expense Details
Mortgage................................ 506
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 164 - very high, is this right when your gas/elec is so low?
Electricity............................. 28
Gas..................................... 28
Oil..................................... 0
Water rates............................. 40
Telephone (land line)................... 5.5
Mobile phone............................ 12
TV Licence.............................. 12.12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 200
Clothing................................ 10
Petrol/diesel........................... 300 - extremely high, can it be reduced as it's just hubby working?
Road tax................................ 44.16
Car Insurance........................... 51.5
Car maintenance (including MOT)......... 41.66
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 14 - have you looked at getting an NHS pre payment card I think it's about £30 for 3 months?
Pet insurance/vet bills................. 0
Buildings insurance..................... 12.5
Contents insurance...................... 0
Life assurance ......................... 22.38
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 10
Entertainment........................... 10
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1521.82

Assets
Cash.................................... 0
House value (Gross)..................... 300000
Shares and bonds........................ 0
Car(s).................................. 60000 - that's a lot of money on 2 cars
Other assets............................ 0
Total Assets............................ 360000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 65100....(506)......4
Total secured & HP debts...... 65100.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
t..............................8005......160.......21
N..............................6210......139.7.....23
s..............................3945.61...105.......22
m..............................1800......23.88.....6.9
Total unsecured debts..........19960.61..428.58....-

Monthly Budget Summary
Total monthly income.................... 2,024.4
Expenses (including HP & secured debts). 1,521.82
Available for debt repayments........... 502.58
Monthly UNsecured debt repayments....... 428.58
Amount left after debt repayments....... 74
Personal Balance Sheet Summary
Total assets (things you own)........... 360,000
Total HP & Secured debt................. -65,100
Total Unsecured debt.................... -19,960.61
Net Assets.............................. 274,939.39
Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.


Due to ill health I am no longer able to work


I have recently swapped some money from one card to another at a lower rate. Don't know exact figures until statements arrive. Can update figures then


Hubby's salary is a rough estimate as he works contract whenever they need him. Some months it s a couple of weeks other months it is nothing


Building & contents are joint payment


The C/C are listed at their highest APR.


I have included all credit cards in the house as all payments come from same bank account.

Hi ya, I've just had a melt down in the last week about debt so really know how you feel. Probably not worth much but I've added my comments

Good luck
x

[Deleted User]

Whoops!! The cars are worth £6000 not £60000.


The council tax is correct as it is split over 12 months. The Gas/elec is the amount we pay each month in one payment (DD)


The petrol costs are mainly hubbies. Mine are about £40 a month. He works 160 miles away from home when he has to go onto site.


We have one medical card and the rest is on a quarterly prescription and dentist once a year