Cabot and Mortimer Clarke THREAD CLOSED

ManyWays

a CCJ would also affect us all as a family as it would impede us from ever switching our mortgage to a better deal in the future.
We are currently on sub-prime mortgage which is costing a small fortune per month.

You have ZERO chance of getting a remortgage with a non sub prime lender with defaults showing on your credit record. a CCJ does not make this worse.

Could we see a Statement of Affairs please? If you have posted one before, I missed it. And it sounds as though things have got worse anyway.

exponential

SoA_Mar_2026_1of2.png

SoA_Mar_2026_2of2.png

Please see attached.

exponential

I do not draw a salary from my business and am not on the payroll. I literally pay the bills and that's all.

ManyWays

sorry but could you paste it in here, rather than people have to to at 2 PFS. Also please add the list of debts, including the lender names

exponential

Cabot - Fluid - £2681.21
Cabot - Marbles - £5737.45
Cabot - Halifax - £6050.42
Link - BoS - £3635.38
Lowell - Lloyds Group - £530.62
Lowell - Lloyds Group - £533.58
Lowell - Lloyds Group - £4723.96
Lowell - Virgin Money - £7448.09
Lowell - Capital One - £7804.20
Lowell - Lloyds Banking Group - £16012.25

This is the list of debts - SoA to follow

exponential

Statement of Affairs & Personal Balance Sheet
Summary
Monthly Budget Summary Amount(£)
Total monthly income 3,200
Monthly expenses (incl. HP & secured loans) 3,440.76
Available for debt repayments-240.76
UNsecured debt repayments 0
Amount short for making debt repayments-240.76
Personal Balance Sheet Summary Amount(£)
Total Assets (things you own) 0
Total Secured & HP Debt-0
Total Unsecured Debt-0
Net Assets 0
Household Information
Number of adults in household 2
Number of children in household 2
Number of cars owned 2
Income, Expense, Debt & Asset Details
Income Amount(£)
Monthly income after tax 3200
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 3200
Expenses Amount(£)
Mortgage 1250
Secured/HP loan payments 0
Rent 0
Management charge (leasehold property) 4.16
Council tax 191
Electricity 110
Gas 62
Oil 0
Water Rates 65
Telephone (land line) 15
Mobile phone 60
TV Licence 15
Satellite/Cable TV 0
Internet services 0
Groceries etc. 680
Clothing 60
Petrol/diesel 300
Road tax 58.6
Car Insurance 220
Car maintenance (including MOT) 60
Car Parking 30
Other travel 0
Childcare/nursery 0
Other child related expenses 100
Medical (prescriptions, dentists, opticians etc.) 30
Pet Insurance/Vet bills 0
Buildings Insurance 35
Contents Insurance 15
Life Assurance 0
Other Insurance 0
Presents (birthday, christmas etc.) 20
Haircuts 20
Entertainment 40
Holiday 0
Emergency Fund 0
Total monthly expenses 3440.76
Secured & HP Debt Description Debt(£) Monthly(£) APR(%)
Mortgage 0 (1250) 0
Secured & HP Debt totals 0--
Unsecured Debt Description Debt(£)Monthly(£) APR(%)
Unsecured Debt totals 0 0
Asset Description Value (£)
Cash 0
House Value (Gross) 0
Shares and bonds 0
Car(s) 0
Other assets (e.g. endowments, jewellery etc) 0
Total Assets 0
Comments on the results
You do not have enough monthly income to meet your expenses and your minimum monthly debt
repayments. Seek ways to increase your income and/or reduce your expenditure by £240.76. Whatever your
results show, it always pays to seek advice or comments from others. Why not post your SOA details on our
Debt Management discussion board or on your preferred discussion forum elsewhere. Thankyou for using the
SOA Calculator at www.LemonFool.co.uk

exponential

Had a letter from MCS giving me two options, pay in full or receive a CCJ or, pay by instalments.

They are saying if they don't hear from me, they will ask the courts to order me to pay.

I don't have anything to give without putting my family into further financial difficulty and potentially risking our home. Bills have already sky-rocketed in recent months. How am I meant to deal with this?

ManyWays

I am sorry, but could you put all the numbers into the SOA, including the mortgage balance, mortgage interest rate and the house value? And all the unsecured debts? Are the two cars owned or on finance?

The SOA then gives totals and its possible to see more easily what the full situation is.

exponential

You'll have to hang on for the bulk of that info.
Heading off to bed now.

The cars are owned outright.
One is an old 59 plate Nissan Qashqai which is in my wife's name and the other is my work van which is a Cat S write off and has no value.

When I do the SoA, you will clearly see that we literally live hand to mouth. We have nothing of any value and nothing left over each month.
It is what it is though, we are all healthy and happy and that's all that matters to me.

Will pick this up again tomorrow.

exponential

https://forums.moneysavingexpert.com/discussion/comment/81927340#Comment_81927340

Hi,

Aside from the requests for an SoA, dealing with this letter is clearly more important at this stage.
How best am I to respond here? They have given an email address so shall I email them explaining the situation as I have been doing with the others?

Starting to get a little worried here that things are going to spiral out of control.