In a pickle and not sure where to go.

Verbatim

Hi there,
Well done for posting.
Is the £100 maintenance paid TO you rather than a bill? If so that's £100 off your monthly outgoings which should appear on the income side.
V

autumn2012_2

Are you not entitled to higher tax credit? Child maintenance etc? Based on your salary you should be getting more than a couple of hundred in tax credits?

Determined89

Hi, I can't help you out too much with the technicalities that comes with the debt as I am still very much learning about the process myself. Just wanted to add that I know how you feel though. My ex husband left me 2 and a half years ago with £16k worth of debt. I was at the end of the first year of my degree, and miles away from home (he was military). I persisted though, completed my degree and graduated in September and started my first post graduate job last month. At the same time, I have shaved off £4k of the debt and managed to keep a roof over my head for my two dogs and I by paying out £1.5k per month in bills. I am now determined to get rid of the last £12k. I am feeling positive that it will happen! My credit file is ruined, I can't even get a new phone contract and unable to move to a cheaper house, but I am still focused on getting as much of my debt cleared as possible. Small steps are all positive. This debt malarkey isn't easy going!

Newstart0205

Below is my updated SOA, taking into account some of the suggested. As I recently moved into my house, my Council Tax, TV Licence and Water are distorted figures. I have 2 children but only lives with me full time my eldest wanted to live with his dad so I pay him maintanence. Hope this helps.
I don't know all the interested rates or where to find them so any help appreciated.

UPDATE SOA.

Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1068
Partners monthly income after tax....... 0
Benefits................................ 265.8
Other income............................ 200
Total monthly income.................... 1533.8

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 203.1
Rent.................................... 355
Management charge (leasehold property).. 0
Council tax............................. 100
Electricity............................. 80
Gas..................................... 0
Oil..................................... 0
Water rates............................. 51.8
Telephone (land line)................... 0
Mobile phone............................ 60.71
TV Licence.............................. 29.4
Satellite/Cable TV...................... 0
Internet Services....................... 37.75
Groceries etc. ......................... 200
Clothing................................ 5
Petrol/diesel........................... 150
Road tax................................ 13.34
Car Insurance........................... 40
Car maintenance (including MOT)......... 10
Car parking............................. 5
Other travel............................ 0
Childcare/nursery....................... 85
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 18.58
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 17
Holiday................................. 0
Emergency fund.......................... 0
Maintenance to 1st child dad............ 100
Total monthly expenses.................. 1571.68


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 15500
Other assets............................ 0
Total Assets............................ 15500


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 0........(0)........0<
Car PCP........................14760....(203.1)....6.9
Total secured & HP debts...... 14760.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Credit Card 1..................5069.02...137.......0
Credit Card 2..................5692.79...150.......17.43
Catalogue 1-next...............386.42....25........NaN
Overdraft......................600.......0.........NaN
Pay Day........................1526.6....218.......NaN
Catalogue 2....................1170.73...46.83.....NaN
Total unsecured debts..........14445.56..576.83....-


Monthly Budget Summary
Total monthly income.................... 1,533.8
Expenses (including HP & secured debts). 1,571.68
Available for debt repayments........... -37.88
Monthly UNsecured debt repayments....... 576.83
Amount short for making debt repayments. -614.71

Personal Balance Sheet Summary
Total assets (things you own)........... 15,500
Total HP & Secured debt................. -14,760
Total Unsecured debt.................... -14,445.56
Net Assets.............................. -13,705.56

Dobbibill

Well done on reassessing things.

There is still a significant shortfall between income/expenditure.

Your biggest cost is your car at £421 a month.
Are you able to get rid of the car and use public transport, walk or cycle to work? You really can't afford to run it.

Have you visited the Stepchange website and used their online remedy tool?

[Deleted User]

Newstart0205 wrote: »

my eldest wanted to live with his dad so I pay him maintenance.

And does he pay you maintenance, for the child that lives with you?

Newstart0205

I am unable to be without a car due to where I live and my job. Bit I have started looking into buying a run around. And selling mine. It has some equity in it. There is one 1 bus a day where I love so not good transport wise.

Newstart0205

Bedsit_Bob wrote: »

And does he pay you maintenance, for the child that lives with you?

I'm not the best person my children have different dad's. So I pay eldest father maintenance
An my youngest father pays me maintenance so all sorted on that front.

Silver_Queen

Just want to say... there's nothing wrong with your children having different dads, at the end of the day life circumstances change and it doesn't make you a bad person.

Your shortfall is significant so the first thing to do is try to sell your car and swap it for a more economical one. It takes up a huge proportion of your income and it's not affordable.

Newstart0205

Thank you x

I have spoken to step change and in process of setting up a dmp. I am in conversations with several garages regarding selling my car and down grading.

I don't know where I'm headed but hoping it's a better place than I'm at currently