Can anybody me help

Coxhoelad

Here is the right one with all my info,


tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1700
Partners monthly income after tax....... 800
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2500
Monthly Expense Details
Mortgage................................ 468.8
Secured/HP loan repayments.............. 50.31
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 30
Gas..................................... 35
Oil..................................... 0
Water rates............................. 33.47
Telephone (land line)................... 17
Mobile phone............................ 60
TV Licence.............................. 12.12
Satellite/Cable TV...................... 30
Internet Services....................... 10
Groceries etc. ......................... 200
Clothing................................ 100
Petrol/diesel........................... 200
Road tax................................ 30
Car Insurance........................... 45.56
Car maintenance (including MOT)......... 50
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 36.76
Buildings insurance..................... 10.68
Contents insurance...................... 10
Life assurance ......................... 32.68
Other insurance......................... 38.33
Presents (birthday, christmas etc)...... 50
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1710.71

Assets
Cash.................................... 200
House value (Gross)..................... 125000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 130200

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 59161.5..(468.8)....4.78
Secured Debt.................. 5604.59..(50.31)....6.79
Total secured & HP debts...... 64766.09..-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclays Card Me...............10399.....105.......18.2
Barclays Card Wife.............35340.....43........12.9
Loans Wife.....................8553.91...226.......4.934
Loan Me........................15404.....333.1.....15.84
Total unsecured debts..........69696.91..707.1.....-

Monthly Budget Summary
Total monthly income.................... 2,500
Expenses (including HP & secured debts). 1,710.71
Available for debt repayments........... 789.29
Monthly UNsecured debt repayments....... 707.1
Amount left after debt repayments....... 82.19
Personal Balance Sheet Summary
Total assets (things you own)........... 130,200
Total HP & Secured debt................. -64,766.09
Total Unsecured debt.................... -69,696.91
Net Assets.............................. -4,263
[/tt]

Coxhoelad

EssexHebridean wrote: »

Notes in red...



I think you need to redo this if I'm honest. It's missing a lot of stuff, and without the detail it's impossible to see where you're really at. if you just want someone to point you in the direction of somewhere that will let you consolidate to run up more debt, you're really i the wrong place I'm afraid - this board is all about helping people solve debt problems, and that we can do. We do, however, need the people posting to want to solve the problems themselves...if this SOA is accurate then you probably haven't reached that point yet, to be honest.

o and on hair cut my wife shave my hair and her sister a hair dresser so free cuts

Nargleblast

I have just checked and the DMP and Mutual Support thread is on the front page near this thread. There are some very helpful people on there if you should choose to go down the DMP route.

I myself was in serious debt a few years back, and Stepchange helped me get out of that situation. I think with the level of debt you have you may need to sort out some formal repayment solution, and organisations like Stepchange, National Debtline and Payplan are there to help. Don't be tempted to rush into "quick and easy" solutions like payday loans, that will just compound the problem. I am sure some people will be along to offer further advice. Many of us have been where you are, you're not the first and you won't be the last.

Upsidedown_Bear

"Unsecured Debts
Description....................Debt......Monthly.. .APR
Barclays Card Me...............10399.....105.......18.2
Barclays Card Wife.............35340.....43........12.9
Loans Wife.....................8553.91...226.......4.934
Loan Me........................15404.....333.1.....15.8 4
Total unsecured debts..........69696.91..707.1....."

Could I ask - are the Barclaycard minimum payments correct? £43 a month on a debt of £35K?

EssexHebridean

Notes still in red...

Coxhoelad wrote: »

Here is the right one with all my info,


tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1700
Partners monthly income after tax....... 800
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2500
Monthly Expense Details
Mortgage................................ 468.8
Secured/HP loan repayments.............. 50.31
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 110 Is this over the standard 10 months? If so you have two "free" months coming up - put that £220 to the debts straight away. Then ask to pay over 12 months going forwards.
Electricity............................. 30
Gas..................................... 35
Oil..................................... 0
Water rates............................. 33.47
Telephone (land line)................... 17
Mobile phone............................ 60 As before - too high - haggle it down, or switch to sim only deals for both of you if you're out of contract
TV Licence.............................. 12.12
Satellite/Cable TV...................... 30 Again as before - this could go - there are a lot of channels on freeview now.
Internet Services....................... 10
Groceries etc. ......................... 200 You can bring this down by £50 a month easily enough - OldStyle board will help there
Clothing................................ 100 Nope - not while you're in that much debt! Use what you have, buy essentials only, and kids clothes from eBay can be bought for next to nothing.
Petrol/diesel........................... 200 Read Martin's guide to maximising mpg and driving economically
Road tax................................ 30 You're paying this monthly on direct debit I take it?
Car Insurance........................... 45.56
Car maintenance (including MOT)......... 50 Is this the £200 cash you're showing under assets?
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 36.76
Buildings insurance..................... 10.68
Contents insurance...................... 10
Life assurance ......................... 32.68
Other insurance......................... 38.33
Presents (birthday, christmas etc)...... 50 Sorry but too much - look to agree to buy for children only perhaps?
Haircuts................................ 0
Entertainment........................... 0 Never? No cheeky Maccy D's, quick trips to the pub after work, days out with the family?
Holiday................................. 50 If you want to shift the debt you might consider forgoing this for a year and throwing this extra at the cards.
Emergency fund.......................... 0 Ironically enough you DO need to put something aside for emergencies, in spite of the debt. Otherwise when something happens, you run up more on the CC's...and so it continues...
Total monthly expenses.................. 1710.71

Assets
Cash.................................... 200
House value (Gross)..................... 125000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 130200

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 59161.5..(468.8)....4.78
Secured Debt.................. 5604.59..(50.31)....6.79
Total secured & HP debts...... 64766.09..-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclays Card Me...............10399.....105.......18.2
Barclays Card Wife.............35340.....43........12.9
Loans Wife.....................8553.91...226.......4.934
Loan Me........................15404.....333.1.....15.84
Total unsecured debts..........69696.91..707.1.....-

Monthly Budget Summary
Total monthly income.................... 2,500
Expenses (including HP & secured debts). 1,710.71
Available for debt repayments........... 789.29
Monthly UNsecured debt repayments....... 707.1
Amount left after debt repayments....... 82.19 Do you actually have this left every month? If not you need to work out where it's going
Personal Balance Sheet Summary
Total assets (things you own)........... 130,200
Total HP & Secured debt................. -64,766.09
Total Unsecured debt.................... -69,696.91
Net Assets.............................. -4,263
[/tt]

MUCH more realistic. Well done. :T There is very definitely wiggle-room there too - in fact there's a decent amount you can free up if you're determined. Try having a play about with the snowball calculator and see what happens to the time it'll take you to clear the higher APR card if you throw an extra £200 a month at it - that ought to act as an incentive to make savings!

Coxhoelad

Hi essexHerbridean thanks for you help need to go back as I think I put my wife loan to high Here is the right one with all my info,


tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1700
Partners monthly income after tax....... 800
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2500
Monthly Expense Details
Mortgage................................ 468.8
Secured/HP loan repayments.............. 50.31
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 110 Is this over the standard 10 months? If so you have two "free" months coming up - put that £220 to the debts straight away. Then ask to pay over 12 months going forwards.
yer 10 months
Electricity............................. 30
Gas..................................... 35
Oil..................................... 0
Water rates............................. 33.47
Telephone (land line)................... 17
Mobile phone............................ 60 As before - too high - haggle it down, or switch to sim only deals for both of you if you're out of contract both on contact til next year my wife Im going back to sim only this year
TV Licence.............................. 12.12
Satellite/Cable TV...................... 30 Again as before - this could go - there are a lot of channels on freeview now. it was all par of the sky deal up this month
Internet Services....................... 10
Groceries etc. ......................... 200 You can bring this down by £50 a month easily enough - OldStyle board will help there not sure how but will have a look
Clothing................................ 100 Nope - not while you're in that much debt! Use what you have, buy essentials only, and kids clothes from eBay can be bought for next to nothing. that was a year we only buy for my little girl about 10 if lucky
Petrol/diesel........................... 200 Read Martin's guide to maximising mpg and driving economically I travel over 200 per week like my wife and drove HGV so cant get this o down sorry
Road tax................................ 30 You're paying this monthly on direct debit I take it? yer monthly both cars
Car Insurance........................... 45.56
Car maintenance (including MOT)......... 50 Is this the £200 cash you're showing under assets? yes
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 36.76
Buildings insurance..................... 10.68
Contents insurance...................... 10
Life assurance ......................... 32.68
Other insurance......................... 38.33
Presents (birthday, christmas etc)...... 50 Sorry but too much - look to agree to buy for children only perhaps? my wife sort this think it 5 per kids and aroun150 xmas for my little one she at school so loads of partys
Haircuts................................ 0
Entertainment........................... 0 Never? No cheeky Maccy D's, quick trips to the pub after work, days out with the family? may 20 per month don't drink or smoke and we never off at the sma etime to do the family thing
Holiday................................. 50 If you want to shift the debt you might consider forgoing this for a year and throwing this extra at the cards. we take my partent caravan away twice a year so that just fuel and park so not to much per month
Emergency fund.......................... 0 Ironically enough you DO need to put something aside for emergencies, in spite of the debt. Otherwise when something happens, you run up more on the CC's...and so it continues... I always forget to do this one sorry
Total monthly expenses.................. 1710.71

Assets
Cash.................................... 200
House value (Gross)..................... 125000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 130200

Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 59161.5..(468.8)....4.78
Secured Debt.................. 5604.59..(50.31)....6.79
Total secured & HP debts...... 64766.09..-.........-
Unsecured Debts
Description....................Debt......Monthly.. .APR
Barclays Card Me...............10399.....105.......18.2
Barclays Card Wife.............35340.....43........12.9
Loans Wife.....................8553.91...226.......4.934
Loan Me........................15404.....333.1.....15.8 4
Total unsecured debts..........69696.91..707.1.....-

Monthly Budget Summary
Total monthly income.................... 2,500
Expenses (including HP & secured debts). 1,710.71
Available for debt repayments........... 789.29
Monthly UNsecured debt repayments....... 707.1
Amount left after debt repayments....... 82.19 Do you actually have this left every month? If not you need to work out where it's going that's is
Personal Balance Sheet Summary
Total assets (things you own)........... 130,200
Total HP & Secured debt................. -64,766.09
Total Unsecured debt.................... -69,696.91
Net Assets.............................. -4,263
[/tt]
by Coxhoelad

Coxhoelad

Upsidedown_Bear wrote: »

"Unsecured Debts
Description....................Debt......Monthly.. .APR
Barclays Card Me...............10399.....105.......18.2
Barclays Card Wife.............35340.....43........12.9
Loans Wife.....................8553.91...226.......4.934
Loan Me........................15404.....333.1.....15.8 4
Total unsecured debts..........69696.91..707.1....."

Could I ask - are the Barclaycard minimum payments correct? £43 a month on a debt of £35K?

sorry it only 3534

Coxhoelad

Try again God this is hard to star with


tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 2
Monthly Income Details
Monthly income after tax................ 1700
Partners monthly income after tax....... 800
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2500
Monthly Expense Details
Mortgage................................ 468.8
Secured/HP loan repayments.............. 50.31
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 91.66
Electricity............................. 30
Gas..................................... 35
Oil..................................... 0
Water rates............................. 33.47
Telephone (land line)................... 17
Mobile phone............................ 60
TV Licence.............................. 12.12
Satellite/Cable TV...................... 30
Internet Services....................... 10
Groceries etc. ......................... 200
Clothing................................ 10
Petrol/diesel........................... 200
Road tax................................ 30
Car Insurance........................... 45.56
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 36.76
Buildings insurance..................... 10.68
Contents insurance...................... 10
Life assurance ......................... 32.68
Other insurance......................... 38.33
Presents (birthday, christmas etc)...... 40
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 0
Total monthly expenses.................. 1582.37

Assets
Cash.................................... 150
House value (Gross)..................... 125000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 130150

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 59161.5..(468.8)....4.78
Secured Debt.................. 5604.59..(50.31)....6.79
Total secured & HP debts...... 64766.09..-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Barclays Card ME...............10399.....105.......18.2
Barclays Card Wife.............3534......43........12.9
Loan Me........................15.404....333.1.....15.84
Loan Wife......................8553.91...226.......4.934
Total unsecured debts..........22502.31..707.1.....-

Monthly Budget Summary
Total monthly income.................... 2,500
Expenses (including HP & secured debts). 1,582.37
Available for debt repayments........... 917.63
Monthly UNsecured debt repayments....... 707.1
Amount left after debt repayments....... 210.53
Personal Balance Sheet Summary
Total assets (things you own)........... 130,150
Total HP & Secured debt................. -64,766.09
Total Unsecured debt.................... -22,502.31
Net Assets.............................. 42,881.6
[/tt]

utroi85

Just a thought, what't on HP, is it a car ?
If so can you get shot of it and perhaps buy a much cheaper one from a used car dealership ?

Coxhoelad

utroi85 wrote: »

Just a thought, what't on HP, is it a car ?
If so can you get shot of it and perhaps buy a much cheaper one from a used car dealership ?

Loan...........................8000......215.......7.9
Total unsecured debts..........68739.....696.......-


Monthly Budget Summary
Total monthly income.................... 2,500
Expenses (including HP & secured debts). 1,654
Available for debt repayments........... 846
Monthly UNsecured debt repayments....... 696
Amount left after debt repayments....... 150

Personal Balance Sheet Summary
Total assets (things you own)........... 130,000
Total HP & Secured debt................. -66,000
Total Unsecured debt.................... -68,739
Net Assets.............................. -4,739
No car all paid for that is part of the mortgage