Advice needed please

sourcrates

Unfortunately you will not qualify for any other debt solution except bankruptcy as you literally have no disposable income to pay anything with.

No amount of budget fiddling will change this.

How are you servicing these debts at present, presumably by further credit ?

mumtoomany

Check on a benefits calculator. Putting in your details I believe you should be entitled to tax credits and child benefit of over £150 per week. M2m.

Unimaginativeusername

Not wanting to sound harsh but you’re living beyond your means. (Although I see a lot worse)

By all means contact a debt advice charity but they will advocate bankruptcy if you’re unable to increase your income/decrease your expenditure. A DMP is not an option as you have no disposable income.

£100 per month in benefits, is this correct? You need to check you’re receiving everything you’re entitled to. Child benefit/working tax credit/child tax credit.

You can check your entitlement here https://www.entitledto.co.uk

fatbelly

If not all the debts are in your name alone, can you tag them me, ptnr, joint?

loan
santander
mbna
dfs
mum
storecard
halifax cc
lloyds cc
Tesco cc2
Tesco cc1

FBaby

Child benefit is more than £100 a month for 2 children.

OP says that the child comes to them every other week-end, so not a resident. Does this mean your OH lost her custody battle?

You're in a difficult situation because even if she did go back to work, she would have to pay child maintenance so indeed, between childcare cost and maintenance, there probably wouldn't be much left if at all to go on the bills.

StopIt

Sarastro wrote: »

Ring the debt charities as suggested. Avoid bankruptcy if you possibly can. You should be entitled to more benefits than you are getting.

Unimaginativeusername wrote: »

Not wanting to sound harsh but you’re living beyond your means. (Although I see a lot worse)

By all means contact a debt advice charity but they will advocate bankruptcy if you’re unable to increase your income/decrease your expenditure. A DMP is not an option as you have no disposable income.

£100 per month in benefits, is this correct? You need to check you’re receiving everything you’re entitled to. Child benefit/working tax credit/child tax credit.

You can check your entitlement here https://www.entitledto.co.uk

The OP stated they work overtime.


If their P60 shown income of higher than the SOA stated, they will of course be entitled to less/no tax credits, although they should be entitled to claim for child benefit for 2 children at any rate.

Silver_Queen

Not really ideal but is there a possibility of your partner getting a 0 hour contract or similar, for evening work every other week? It won’t bring much in but even a little bit could drastically improve your situation. I know she has to be available for the two children and especially her daughter due to the difficult custody situation but this way she could pick up a couple of shifts here and there and give you a helping hand.

Alternatively you need to get a better paying job. Easier said than done, I know, but your budget cannot stretch to cover the shortfall unfortunately.

culpepper

Don't discount the ways of saving on each item.
While at the moment you have a large debt, there will be a time when you are back to solvency and having learned to reduce your outgoings to below your incomings will be a fantastic feeling then.
For help with everyday spending (food etc) nip over to the moneysaving old style board.