First Post/Help Needed

sianreu

beanielou wrote: »

If I was you I might cancel appointment for bank meantime
They wont refund charges at the mo til after the test case AFAIK
Correct me if Im wrong anybody.
You've got it in one lol NOT to agree to further help from them or a managed loan under any circumstances.
Try not to worry to much

Ok thanks again, just felt so helpless on the phone to them, nearly impossible, so I requested a meeting at my branch basicaly so I could for some leeway, last time I moaned on the phone they did refund a one particular charge. Thing is I just though that explaining might help, now i'm not sure what they can do.

MissEyre

sianreu wrote: »

First of all, thank you to everyone, absolutely stunned at the response, thank you so much.

Monthly Incomings:

My salary - £1,150
Partners salary - £410
Benfits = £195
Rent = £500
Total - £2,255

Monthly Outgoings:

Mortgage/Rent - £812 Can you see if this can be switched to interest only while you get the arrears cleared?
Council Tax - £135 Ask the council if this can be paid over 12 months instead of 10
Electric - £60 (on key) This is expensive-can you switch supplier or tarriff?
TV License - £10.99
Sky £66 (cancelled) :T
Phone - £40 This needs to be reduced-I pay £25 a month to Virgin for line rental, broadband and unlimited evening and weekend calls to landlines
Mobile 1 £20 Can you cut this back?
Mobile 2 £25 Can you cut this back?
Food - £300 This can def be cut back-as the others said, hop over to the Old Style board and join the Grocery Challenge and get this down
Car Insurance - £65 Expensive-are you with the cheapest provider?
Petrol - £90 This is a lot
Life Insurance £22 To be honest, I would probably cancel this for the time being
Broadband £17 See the suggestion after 'phone'
Setanta £5 Please, please, get rid of this!
Clothing £40 I would probably get rid of this while you are in arrears, and put it back when you are on your feet again


Total: £1,627


*to be amended with further information asap

HSBC Personal Loan – Balance £10,007
Repayments £190 *
HSBC Flexi Loan – Balance £2,910
Repayments £95 *
Overdraft - £2100 (limit £2,000)
Paragon Personal Finance £98 *
Clydesdale Fin Ser £171 *
Mortgage arrears £812

MissEyre

Hi Sian, welcome!

I have made some suggestions about areas where you can trim your SOA-this should help, but it looks like you are still going to be looking at a minus each month on your bank statement. I don't have any experience managing repayments etc when you are in arrears, so hopefully someone else will be able to give you some advice about how best to deal with the bank re. mortgage especially-anyone?

Don't panic, please don't let HSBC bully you into anything you don't understand or can't afford, and remember SS is right-they are interested in their profits, not how to help you best!

The free debt charities are amazing and will give you the best possible advice, so I would recommend speaking to one of them now you've added everything up...

I hope that helps, lovely to have you on board! x

sianreu

Hi guys

Bad morning.

The repayments on my mortgage are actually interest only :-(

feeling very bad but need to face up to it I guess

http://www.debtadvicetrust.org/ this is the company that I originally got help from and whom said they will put me on to payplan but now I have a feeling matters may change, I need to let them know about the mortgage

also have been trying to get through to CAB with no success

:-(

sianreu

MissEyre wrote: »

sianreu wrote: »

Monthly Outgoings:


Mortgage/Rent - £812 Can you see if this can be switched to interest only while you get the arrears cleared? It is interest only im afraid.
Council Tax - £135 Ask the council if this can be paid over 12 months instead of 10 I have done that and hence the reduction to £135
Electric - £60 (on key) This is expensive-can you switch supplier or tarriff? Looking into and soon to change
TV License - £10.99
Sky £66 (cancelled) :T
Phone - £40 This needs to be reduced-I pay £25 a month to Virgin for line rental, broadband and unlimited evening and weekend calls to landlines Looking into and soon to chnage
Mobile 1 £20 Can you cut this back? No
Mobile 2 £25 Can you cut this back? YES but contract bound
Food - £300 This can def be cut back-as the others said, hop over to the Old Style board and join the Grocery Challenge and get this down I have looked over there and will continue to do so, been so hectic and my head is everywhere but i will get round to thoroughly getting involved there
Car Insurance - £65 Expensive-are you with the cheapest provider? (am looking into but it is 2 cars)
Petrol - £90 This is a lot (2 cars)
Life Insurance £22 To be honest, I would probably cancel this for the time being Ok just done
Broadband £17 See the suggestion after 'phone'
Setanta £5 Please, please, get rid of this! ok
Clothing £40 I would probably get rid of this while you are in arrears, and put it back when you are on your feet again For sure we have and will and normally when the kids need thing the grandparents help out as they like to so we'll keep hinting!

sianreu

duplicate sorry

MissEyre

Hi Sian,

Wow, you have really got going! That's a great start, especially at such a busy time of year :T

Please keep trying with CAB and CCCS-they will be extremely busy, as a lot of people look at their finances in the new year and panic, but if you keep them on redial, you will get through eventually.

I know you've got lots to do, but the Old Style board is great, and there is an 'Up Your Income' board you might find useful as well.

Hope that helps!

sianreu

MissEyre wrote: »

Hi Sian,

Wow, you have really got going! That's a great start, especially at such a busy time of year :T

Please keep trying with CAB and CCCS-they will be extremely busy, as a lot of people look at their finances in the new year and panic, but if you keep them on redial, you will get through eventually.

I know you've got lots to do, but the Old Style board is great, and there is an 'Up Your Income' board you might find useful as well.

Hope that helps!

Thank you Miss Eyers you have been great.

I have been reading everywhere on here, so much to take in and so little time. Well at least I have started, the fact that people take time to help for nothing means a lot to me, i'm ever so grateful.

I rang back the Debt Advice Trust, they are very helpful and also explained PayPlan will contact me within the next day hopefully and reassured me about the mortgage being interest only. I asked wether or not I still should still call CAB but the man advised there wont be much more they can do!??

MissEyre

I know, it's mad when you start getting it all sorted out, isn't it?

I haven't heard of the Debt Advice Trust-are you sure they are a free, not for profit service which will be acting in your best interest? Once you start making payments, you need to know that 100% of your money will go to clearing the debts.

Has anyone else had any experience of them please?

welshgirl78

Hey, welcome to the boards and well done for getting started!

If you switch electric, car ins, broadband etc go through QUIDCO for cashback... you sign up at www.quidco.com for nothing and click their click to get cashback - very nice!!

Good luck with sorting it all out xxx