help needed

cantwin

Is this right place??having just hit my lightbulb mo have spent last 45 mins trying to post this never sent email or been on any forum before !!almost as scarey as 30k debt help!!

tigtag02

yes cantwin you are in the right place

:hello: and welcome ~ scary as it is we are all here to help you not only become debt free but help you around the forum if needs be.

first thing we need is your SOA (statement of affairs) and if you click HERE it will take you through how to do it

I'll leave you digest that for now but remember two things:

• holler and we will be here
• there is no such thing as a stupid question

hugs
tigtag

Triker

Hi Cantwin, we're a friendly bunch here and will do our best to offer whatever support we can, keep posting, we all started off with a first post.:D

Buffythedebtslayer

hello!

its lovely here, everyone very helpful

post again soon!

xx

ps and you can win!!

supersavershal

I too have £30000 worth of debt, so im in the same boat as you.Welcome aborde.It is scary but once you have it under control and can see light at the end of the tunnel you feel much better.Everyone here is so nice and helpful it feels like coming home.shal xx

cantwin

still trying to work out how to post properly will try to post soa in a mo tho it may take me a while thanks

Sea78

Hi - welcome :hello:

I have a similar amount - it can feel very overwhelming, but once you've started on this site, you won't look back (well, not that much lol)

Sea xxx

doodledo_2

Hi and welcome to the forum.

I am a newbie too so hopefully we can crack our debt together :beer:

cantwin

hopefully this is right.have been spirraling for a while just about to hit debt crisis i think!!havent missed any payments yet but robbing peter to pay paul every month.
my soa
rent £230
pt 113
water 23
gas 45
elec 47
ph/bb 30
mob 35
life ins 31
house" " 17
(sure there more will have to find bank statement stuffed it away somewhere)
debts
my cap 1 5020 apr 28%(they,ve just put this up to that rate used a lot of cash rated cheques)
barclaycard 9120apr [EMAIL="5900@6.9"]5900@6.9[/EMAIL] lob the rest mix of cash&pur 19%
oh cap 1 7700apr 15%
masstercard 1320apr 6.9lob
mint 3600 0%til feb
m&s 980 0% til march
littlewoods cat 1110 not sure how long this will last just had buy now pay later go on was 23 a month but dont know til statement how much will be

incomings oh 1460
me cb 120
notax credit due to over payment
total £1580
I know theres stuff missing paying about 750 to debts havent even put in shopping food ect been spending far to much in asda go in for one thing come out with trolley have real problem there joined quidco last week had shopping delivered from tescos maybe way forward bills are all due out this week so will have to get all out look properly at them.went on debt site told me to go bankcrupt snowball said 2011 cant get anymore credit at the moment not long opened new all/lester b/acc just been burying head in sand really for a long time sorry so long expect all in bed now!!!!

ciarasdreams

This is probably of not much help to you but I was also told to go bankrupt by debt counsellors and even though all my debts are currently managed by Debt Collection agencies I have managed to stay afloat by selling everything that I could get my hands on on ebay and by getting an extra part time job and I have now moved from the point where I thought that I would drown in debt to the point where I can see an end date to it all. Admittedly I do not do much with my free time and will not be doing much for the next few years but at least now there is an end in sight.

david_hellier

Hi,
Welcome to the site. According to my figures you are overspending by £100.04 per week, excluding food. You cannot afford to eat in the current situation.

Bankruptcy may very well be the best option for you, particularly as you are renting; it's not such a bad thing. I suggest you call CCCS for advice, showing them these figures. My CC repayments assume a 5% fixed repayment. Paying anything less than this is futile and only lines the banks' pockets more and increases your stress levels.

Good luck, the figures:

incomeweeklymonthlyself £ - partner £ 1,460.00 cb £ 120.00 total0.001580.00divide by 4.33 £ 364.62 £ 364.62 total weekly incomespendweeklymonthlyrent/mortgage £ 230.00 council tax £ 113.00 elec £ 47.00 gas £ 45.00 water £ 23.00 secured loans £ - TV licence £ - fines £ - phone £ 30.00 mob £ 35.00 life £ 31.00 house £ 17.00 cap1 £ 251.00 bc £ 456.00 oh cap1 £ 385.00 mastercard £ 66.00 mint £ 180.00 m&S £ 49.00 lw £ 55.50 total0.00 £ 2,013.50 divide by 4.33 £ 464.65 £ 464.65 total weekly spendStart= income - spend =-£ 100.04 per week