Advice on my debts

sparkster86

There are definitely some outgoings I am trying to reduce like meals out, trying to spend less on fuel etc.

Brie

My first go to most times is do you need a TV licence? Many of us don't anymore. If you're watching live TV or use BBC iPlayer then yes you do but if you only watch something like Netflix then no you don't.

Have you stopped paying all your creditors? If not you should be putting in the APR and monthly minimum payment. That way we can help you focus on things.

You say some of the debts are recent but presumably others aren't. Have you ask for a copy of the credit agreement? Without these the debts are not enforceable. Have you also considered if you shouldn't have been granted credit - this may apply more to the more recent ones but maybe also older ones if you were financially vulnerable at the time. If you couldn't afford the credit then the creditor shouldn't have given you access and should consider compensating you for their error in granting you that credit.

ManyWays

Can you list the debts with the lender names please?

The payday loans, can you say if you had previous loans from that lender? Or any other expensive loans in the past few years that have been cleared?

loobidoo

Is this every month?

Pet insurance/vet bills................. 103.96

sparkster86

https://forums.moneysavingexpert.com/discussion/comment/81899765#Comment_81899765

Yes I have an older diabetic cat.

This is vet insurance and a monthly pet plan.

sparkster86

Hi,

I am looking to pick this back up as my situation is not improving and the car is constantly getting issues costing me more money to repair.

Thanks

Smudgeismydog

Previous posters asked a few questions about your debt e.g. APRs, and how recent these are, it would be helpful if you could answer these

The car is unaffordable at £643pm (£262 loan + £250 fuel + £131 insurance), and it sounds like the £16.66pm you have budgeted for MOT/maintenance is not covering your actual costs.

Groceries at £350pm for 1 person looks high, can you reduce this by meal planning, batch cookimg, changing brands/supermarkets?

I don't really understand how you have debts with EE mobile, Vodafone mobile x2, Three mobile and ‘Mobile phone’.

You note £25 each month is going to an Emergency fund, but you have no cash assets. Just one month payment of this could clear your Gratton catalogue

ManyWays

I don't really understand how you have debts with EE mobile, Vodafone mobile x2, Three mobile and ‘Mobile phone’.

This can happen when someone is desperate so they take out a contract and sell the handset for cash