My SOA prior BR

notsurewherenext

That's how much she puts into my account each week, I'm classed as a carer. That's why all the other bills she pays which is rent, gas etc etc

HappyMJ

notsurewherenext wrote: »

Hi MJ thanks for all your help but can you explain the last bit about paying towards my debt as £0 please. Thanks

It's a BR SOA. You won't be paying anything towards your debts so you enter zero as the monthly repayments. This then shows in the SOA template that you've chosen much more clearly. It currently shows a £702.50 deficit when in fact what you have is the figure two lines above that of £158.50 surplus. It's that surplus you want to get down to zero.

The OR will then tell you what you need to pay towards your debts. You pay that to the OR and the OR distributes that amongst your creditors as a dividend. You will only make one payment and your aim here is to make that payment as close to zero as possible. There's so much you've missed off your SOA that you can enter and I think it's quite easy to get it to zero.

notsurewherenext

Thank you MJ apart from the Gas etc do anything else strike you the SOA where you think that should be more etc if so do you mind telling me what you think it should be?

Thanks

missbiggles1

notsurewherenext wrote: »

That's how much she puts into my account each week, I'm classed as a carer. That's why all the other bills she pays which is rent, gas etc etc

But surely the benefits are on a joint claim?

notsurewherenext

Yes a joint claim.

HappyMJ

notsurewherenext wrote: »

Thank you MJ apart from the Gas etc do anything else strike you the SOA where you think that should be more etc if so do you mind telling me what you think it should be?

Thanks

Rent? Mortgage? Either one and it'll show you have no surplus. If you get housing benefit you have to show that as income and rent as an expense. You haven't got council tax either. Put that down and you also won't have a surplus. Even if you get council tax reduction you would still have a small joint bill to pay. It has your name on it you are responsible for it.

notsurewherenext wrote: »

Yes a joint claim.

The point we're trying to make is that it's also all yours too. It's not your partner being nice and giving you some it's half yours too and the OR will take at least half of it into account as income.

A household is supposed to share all of the income and all of the household expenses. It's not your bills and her bills you need to put everything down and pay your share of every bill. The only things that are yours and yours alone are things such as your own mobile and your own personal expenses which don't benefit the household such as entertainment and any hobbies you have. However, with one partner going BR not all of the other partners income has to be taken into account as long as you can cover 50% of the expenses you don't need to include all of your partners income. Where your partner's full income can be taken into account is where your share of the household expenses exceeds 50% such as if you had a partner working part time on minimum wages you could show you have to pay 70% and your partner pays 30% of the joint expenses which can help reduce any payment required to zero.

notsurewherenext

Thanks MJ. Looks like we will both be doing a spreadsheet later on and starting again. My OH is currently 20k in debt But doesn't want to go BR neither do I and I wouldn't of done if I hadn't maxed the cards out but it comes to a time where have ever much you try money does run out.

I used to be the one who hated people who went BR because I didn't understand how difficult it was for people but to go through it now myself I sympathise for everyone.

HappyMJ

notsurewherenext wrote: »

Thanks MJ. Looks like we will both be doing a spreadsheet later on and starting again. My OH is currently 20k in debt But doesn't want to go BR neither do I and I wouldn't of done if I hadn't maxed the cards out but it comes to a time where have ever much you try money does run out.

I used to be the one who hated people who went BR because I didn't understand how difficult it was for people but to go through it now myself I sympathise for everyone.

You have 6 kids...I'm not surprised at all. It can easily overwhelm you trying to keep everyone fed, clothed and entertained. A small overspend each week/month can creep up on you and then become too much all of a sudden.

missbiggles1

HappyMJ wrote: »

Rent? Mortgage? Either one and it'll show you have no surplus. If you get housing benefit you have to show that as income and rent as an expense. You haven't got council tax either. Put that down and you also won't have a surplus. Even if you get council tax reduction you would still have a small joint bill to pay. It has your name on it you are responsible for it.



The point we're trying to make is that it's also all yours too. It's not your partner being nice and giving you some it's half yours too and the OR will take at least half of it into account as income.

A household is supposed to share all of the income and all of the household expenses. It's not your bills and her bills you need to put everything down and pay your share of every bill. The only things that are yours and yours alone are things such as your own mobile and your own personal expenses which don't benefit the household such as entertainment and any hobbies you have. However, with one partner going BR not all of the other partners income has to be taken into account as long as you can cover 50% of the expenses you don't need to include all of your partners income. Where your partner's full income can be taken into account is where your share of the household expenses exceeds 50% such as if you had a partner working part time on minimum wages you could show you have to pay 70% and your partner pays 30% of the joint expenses which can help reduce any payment required to zero.

Thanks, that was what was trying to get over.

notsurewherenext

Cheers for everyone's replies.

Just another question please. I'm a little stuck now with the SOA because my OH has debts to pay 20k worth but on the form it would look like I'll have more surplus etc. are child tax credits classed as income, is housing benefit classed as income too. I'm really lost here and worried