Advise on situation involving CC and housing.

asoe209

Hello all. I was advised to drop this post over here from the housing section. As said it may be better suited. 

I’m hoping to get a bit of advice for a situation I’m in. Without going into to much detail my partner and I have split up and I need to find a new place to live. 

The problem is private rental pricing is crazy and even the cost of a room is so over the odds. Due to credit cards that I’m working on paying off I will really struggle to pay what people are asking for. I say struggle to pay, but I mean I can pay the rent and everything but struggle to live after paying all the household bills plus my other repayments. (Which I know is my fault) 

I wondered if anyone knew of any options that may be around to help with renting? Or someone in my situation. 

I don’t have anywhere else to go so have to find a property. 

I have a feeling that I likely won’t be able to get any type of help or housing Association because of what I do earn. 

Any advice is truly welcomed. And if any more details are needed I can share. 

Thanks. 

ruth56_2

Very long shot, but I know someone who does house sitting as a way of having somewhere to live nearly free. But they go all over the country ( and abroad) so not a good option if working as well!

Grumpelstiltskin

Unfortunatly we need much more information before we can offer you the best way forward.

Start by reading this.
In Debt and Wannabe Debt Free? First Steps! — MoneySavingExpert Forum

Basically you need to concentrate on vital payments, rent, council tax, utilities, food, transport before you even think about paying unsecured debts.

If you fill in a SOA and format for MSE and post on here that will help.

asoe209

Grumpelstiltskin said:

Unfortunatly we need much more information before we can offer you the best way forward.

Start by reading this.
In Debt and Wannabe Debt Free? First Steps! — MoneySavingExpert Forum

Basically you need to concentrate on vital payments, rent, council tax, utilities, food, transport before you even think about paying unsecured debts.

If you fill in a SOA and format for MSE and post on here that will help.

OK thanks ill complete that form and post it up. Just a question on that because have the point of this is due to me moving shall I work on estimates for protentional new place  when in comes to the vital bills section of the form.   

MEM62

asoe209 said:

I’m hoping to get a bit of advice for a situation I’m in. Without going into to much detail my partner and I have split up and I need to find a new place to live. 

The problem is private rental pricing is crazy and even the cost of a room is so over the odds. Due to credit cards that I’m working on paying off I will really struggle to pay what people are asking for. I say struggle to pay, but I mean I can pay the rent and everything but struggle to live after paying all the household bills plus my other repayments. (Which I know is my fault) 

Just my two-cents worth.  You say that you are unable to pay rent because you are servicing your debts.  I think you have your priorities the wrong way round.  Housing is your first priority and the debts are second.  If you need to stop paying the debts to be able to afford housing that that is what you need to do.  No point in having your loans and credit cards up to date if you are living on the street.

As advised, you need to post up an SoA so that the guys and girls here can offer proper support.    

sourcrates

Essential debts, rent etc, come first, non essential credit debts come last.

If the money won`t stretch, the non essential debts don`t get paid, its really is that simple.

Courts won`t let you pay what is not affordable, you need to change your priorities here.

Get your housing situation stable, then look at the debt, maybe a DRO would help?

EssexHebridean

If looking at a DRO then bear in mind that fees for these will cease to be payable from the beginning of the new financial year. 

asoe209

Hi thanks for the comments so far. 

I what I said may have come out the wrong way. I understand that rent and household bills come first. And would always be the case. 

At this time while I’m still where I am I’m of course paying everything I need to. 

My thing was I don’t want to fall behind on those CC payments during the transition and have anything effect my credit rating. 

So I do priorities the household then cc and what’s left to work with. Just in this case what left to work with don’t look it will be anything. 

Also what is a DRO? 

sourcrates

asoe209 said:

Also what is a DRO? 

DRO - Debt Relief Order

Look here -

How to get a Debt Relief Order (DRO) - GOV.UK (www.gov.uk)

asoe209

Evening all, hope you're having a good weekend so far. 

Here is the SOA as advised to complete. 

[font=courier new][b]Statement of Affairs and Personal Balance Sheet[/b][b]

Household Information[/b]

Number of adults in household........... 1

Number of children in household......... 0

Number of cars owned.................... 1[b]

Monthly Income Details[/b]

Monthly income after tax................ 2975.33

Partners monthly income after tax....... 0

Benefits................................ 0

Other income............................ 0[b]

Total monthly income.................... 2975.33[/b][b]

Monthly Expense Details[/b]

Mortgage................................ 0

Secured/HP loan repayments.............. 278

Rent.................................... 1500

Management charge (leasehold property).. 0

Council tax............................. 136.74

Electricity............................. 150

Gas..................................... 100

Oil..................................... 0

Water rates............................. 20

Telephone (land line)................... 0

Mobile phone............................ 42

TV Licence.............................. 13.25

Satellite/Cable TV...................... 0

Internet Services....................... 33

Groceries etc. ......................... 250

Clothing................................ 0

Petrol/diesel........................... 180

Road tax................................ 14.88

Car Insurance........................... 70

Car maintenance (including MOT)......... 50

Car parking............................. 0

Other travel............................ 20

Childcare/nursery....................... 0

Other child related expenses............ 0

Medical (prescriptions, dentist etc).... 0

Pet insurance/vet bills................. 0

Buildings insurance..................... 0

Contents insurance...................... 10

Life assurance ......................... 0

Other insurance......................... 0

Presents (birthday, christmas etc)...... 0

Haircuts................................ 0

Entertainment........................... 6.99

Holiday................................. 0

Emergency fund.......................... 0

Epidemic Sound Subscription............. 15

Adobe Subscription ..................... 9.98[b]

Total monthly expenses.................. 2899.84[/b]

[b]

Assets[/b]

Cash.................................... 0

House value (Gross)..................... 21000

Shares and bonds........................ 0

Car(s).................................. 17000

Other assets............................ 0[b]

Total Assets............................ 38000[/b]

[b]

Secured & HP Debts[/b]

Description....................Debt......Monthly...APR

Mortgage...................... 0........(0)........0

Hire Purchase (HP) debt ...... 8000.....(278)......0[b]

Total secured & HP debts...... 8000......-.........-   [/b]

[b]Unsecured Debts[/b]

Description....................Debt......Monthly...APR

Halifax........................5521.4....139.......0

Halifax........................6033.77...202.......0

MBNA...........................5866.96...75........0

Very...........................3896.22...200.......0

Barclays.......................7008.83...228.......0[b]

Total unsecured debts..........28327.18..844.......-  [/b]

[b]

Monthly Budget Summary[/b]

Total monthly income.................... 2,975.33

Expenses (including HP & secured debts). 2,899.84

Available for debt repayments........... 75.49

Monthly UNsecured debt repayments....... 844[b]

Amount short for making debt repayments. -768.51[/b]

[b]Personal Balance Sheet Summary[/b]

Total assets (things you own)........... 38,000

Total HP & Secured debt................. -8,000

Total Unsecured debt.................... -28,327.18[b]

Net Assets.............................. 1,672.82[/b]

[i]Created using the SOA calculator at www.LemonFool.co.uk.

Reproduced on Moneysavingexpert with permission, using other browser.[/i][/font]

sourcrates

Not understanding this, I thought you rented?

A car worth 17k firmly removes a DRO as an option though.


Assets

Cash.................................... 0

House value (Gross)..................... 21000 ?

Shares and bonds........................ 0

Car(s).................................. 17000

Other assets............................ 0[b]

Total Assets............................ 38000[/b]