More debt to clear debt

John1298

Brie said:

John1298 said:

Brie said:

I think you need to have another look at your SOA.  It's a good first stab but doesn't look accurate or reasonable to me.  

You have nothing down for groceries or child related expenses and there must be some.  No child benefit?  No clothing or haircuts?  No water rates to be paid?

You have £20 for TV licence when it's more like £15 a month.  Do you actually need a TV licence??

And in your opening post you mention something about extra CT that needs to be paid in April.  Why?

If you have another go at this with the help of the last couple of months of bank/card statements that will give us a better view of things.

Thank you.
The SOA is accurate, it is because I have seperate finances with someone, and have only put in my responsibilities.  I cant change that (and would be happy to share why in DM).

The council tax due in April is the council tax bill that will shortly come through the door and need to be paid monthly.    

ok - perfectly understandable.  and no explanation needed.

But.  TV licence.  Do you need it?  Does the other person pay for Netflix, Sky, whatever and does the household only watch those non live services and not use iplayer?  If so, you don't need a TV licence.  A lot of people do so un-necessarily.  But if the child is always watching CBBs or whatever live or if you like to watch Match of the Day or whatever is showing live on the Arts channel then best to leave it in place.  

Yes potentially it could go, I will look at that.  It is mostly netflix on the tv

John1298

ManyWays said:

is the house in your name only? 
have you looked at switching the mortgage to interest only for the next 6 months? This isnt normally a good idea at all but it is a LOT better than this large secured loan.

what is this family loan that they are charging you interest on? 

have you let the bailiffs into your house, or just made an arrangement without that?

a 10k 10 year secured loan at (I make it) 17% interest needs to be avoided. I am sorry but that SOA is bizarre, it may reflect your complicated situation with your partner, but you cannot assume that this will carry on for the next 10 years. So you cannot risk your house like this. 

It is in both our names, and very complicated.   Interest only mortgage not an option at this pont, but may be down the line.

Famly loan is interest because someone took a loan out for me and I pay it back (before I had all this debt)

No, no bailiffs into the house, I made the arrangement because the letter said they would force entry

Aye, the SOA looks bizarre and I get how it is very unorthadox.  I am expecting changes in the future, but not within the next 2 years.  The house is no longer at risk, it was but we are past that now

sourcrates

John1298 said:

No, no bailiffs into the house, I made the arrangement because the letter said they would force entry

Utter codswallop, a bailiff acting on a liability order cannot force entry to private property for unpaid council tax, or for any other kind of consumer debt.

They are only allowed to force entry as a last resort, and only to collect unpaid magistrates court fines, and certain other specific fines.

They can make what is known as "peaceful entry" through an unlocked door for example, which is why you should never allow them into your home under any circumstances regardless of what you may see or be told.

Some of the letters sent by bailiff companies cross the line when denoting what they can and cannot do, they do not have as much power as you may think.

John1298

sourcrates said:

John1298 said:

No, no bailiffs into the house, I made the arrangement because the letter said they would force entry

Utter codswallop, a bailiff acting on a liability order cannot force entry to private property for unpaid council tax, or for any other kind of consumer debt.

They are only allowed to force entry as a last resort, and only to collect unpaid magistrates court fines, and certain other specific fines.

They can make what is known as "peaceful entry" through an unlocked door for example, which is why you should never allow them into your home under any circumstances regardless of what you may see or be told.

Some of the letters sent by bailiff companies cross the line when denoting what they can and cannot do, they do not have as much power as you may think.

This is good to know, I will make an effort tomorrow to go through it all again, and contact them, cause it is really the main one that is causing the headache

ManyWays

If the house is in both your names, your partner will have to agree to the very expensive secured loan. That is folly if 6 months switch to interest only on the mortgage could free up a couple of hundred pounds a month. She must appreciate that  

fatbelly

You are unlikely to get anywhere with the bailiffs. That is why I talked about finding a decent human being at the council

And that might not be easy

Don't forget you have a local councillor

Www.writetothem

enthusiasticsaver

Your mortgage already takes up 50% of your salary so I would not commit to  any more borrowings secured on your property. 

From the look of it the only court ordered repayment is council tax arrears which is a priority debtor.  I would approach them to see if this can be reduced.  The family loan presumably is not court ordered?