Advice Desparately Needed....

Wannabefree_2

Hi i`m a newbie to this forum, i`ve been reading for a couple of weeks but have now decided that i need some help to sort out my debt disaster!!
This is all my income & outgoing that i can think of & my outgoing is bigger than my income.

INCOME

Usually between £900/£1000 after tax etc
Twice a year i get £300ish

OUTGOINGS (a month)
Council Tax £70.00 (Feb & March no payment)
Water £4.00
Electric £ 48.00
Internet £12.49
Mobile £30.00
Mortgage £392.79
Account Charge £10.00
Telephone £15.00
Opticians £10.80
Mortgage Protection £19.98
Mint Loan £117.10 (43months left 5.8%)
Alliance & Leicester loan (32 months left 7.9%)
Capital One CC £5879-40 (0% ends 22 Jan then 15.94%) (£200 per month)
Lloyds TSB CC £1290-20 (14.8% purchase, 24.9% cash)(£30 per month)
Asda CC £128.14 (0% ends 19 Jan then 1.30% Retail) (as much as pos)
Egg CC £905-67 (1.9% ends 1/4/08 (£25 per month-minimum)
Mint CC £3480-34 (0% till March 08 then 17.5%)(£80 per month-minimum)

Have a job interview on Wednesday for a second job to try & pay some of it off.

My god i can`t believe how bad that looks!! :eek:

I`m really hoping somebody can help me.

PLEASE

Gemmzie

Hi Wannabefree, welcome to the board, you're in the right place and thanks for the SOA - makes it a lot easier for us to help you.

Wannabefree wrote: »

Hi i`m a newbie to this forum, i`ve been reading for a couple of weeks but have now decided that i need some help to sort out my debt disaster!!
This is all my income & outgoing that i can think of & my outgoing is bigger than my income.

INCOME

Usually between £900/£1000 after tax etc
Twice a year i get £300ish

OUTGOINGS (a month)
Council Tax £70.00 (Feb & March no payment)
Water £4.00
Electric £ 48.00
Internet £12.49
Mobile £30.00
Mortgage £392.79
Account Charge £10.00 switch to a free account unless this has benefits which outweigh the cost?
Telephone £15.00
Opticians £10.80
Mortgage Protection £19.98
Total = £613.06

Leaves ... £286.94 - £386.94

Mint Loan £117.10 (43months left 5.8%)
Alliance & Leicester loan (32 months left 7.9%) how much is this one per month?
Capital One CC £5879-40 (0% ends 22 Jan then 15.94%) (£200 per month)
Lloyds TSB CC £1290-20 (14.8% purchase, 24.9% cash)(£30 per month) Do you have cash and purchases on this one?
Asda CC £128.14 (0% ends 19 Jan then 1.30% Retail) (as much as pos) 1.3% is 16.76518% APR
Egg CC £905-67 (1.9% ends 1/4/08 (£25 per month-minimum) Is this definitely 1.9%? It's a very unusual rate
Mint CC £3480-34 (0% till March 08 then 17.5%)(£80 per month-minimum)
Min Payment Total: £????

Have a job interview on Wednesday for a second job to try & pay some of it off. Fab idea, good luck :beer:
My god i can`t believe how bad that looks!! :eek:

I`m really hoping somebody can help me.

PLEASE

If you can answer the questions above then I'll update where you're at

tigtag02

Wannabefree wrote: »

Hi i`m a newbie to this forum, i`ve been reading for a couple of weeks but have now decided that i need some help to sort out my debt disaster!!
This is all my income & outgoing that i can think of & my outgoing is bigger than my income.

INCOME

Usually between £900/£1000 after tax etc
Twice a year i get £300ish

OUTGOINGS (a month)
Council Tax £70.00 (Feb & March no payment) ~ can you pay this over 12 months to spreadit out?
Water £4.00
Electric £ 48.00 ~ can you switch? (Go through quidco if you do)
Internet £12.49 ~ anyway of buddling this in with your phone and tv?
Mobile £30.00 ~ PAYG?
Mortgage £392.79
Account Charge £10.00 ~ whats this for?
Telephone £15.00
Opticians £10.80 ~ this might work out cheaper to go through HSA or The Leeds Hospital Fund.
Mortgage Protection £19.98 ~ Bin this!
Mint Loan £117.10 (43months left 5.8%)
Alliance & Leicester loan (32 months left 7.9%)
Capital One CC £5879-40 (0% ends 22 Jan then 15.94%) (£200 per month)
Lloyds TSB CC £1290-20 (14.8% purchase, 24.9% cash)(£30 per month)
Asda CC £128.14 (0% ends 19 Jan then 1.30% Retail) (as much as pos)
Egg CC £905-67 (1.9% ends 1/4/08 (£25 per month-minimum)
Mint CC £3480-34 (0% till March 08 then 17.5%)(£80 per month-minimum)

Have a job interview on Wednesday for a second job to try & pay some of it off.

My god i can`t believe how bad that looks!! :eek:

I`m really hoping somebody can help me.

PLEASE

:wave:

Welcome to out little corner of cyber space. I haveposted a few ideas above. I'm pretty useless with CC/snowballing advice but someone who isnt will be along soon.

There are quite a few things missing from you SOA though. Food, gas, travel are a few that spring to mind.

Keep posting and good luck for Wednesday

poorandindenial

Hi there

Just bumping you up beore you dissapear off the bottom of the page. Other users (who know a lot more tahn me will be along in a bit but in the meantime, as your outgoings are higher than your incomings you might want to check out the cccs website, they are a charity that help people in debt (see sticky at the top of the forum to make sure you go to the right place)

The first things that I can see on your SOA are your council tax (you can get this over the full year not just 10 months, it is a priority that this is paid above other things but if you give your council a call you might be bale to get the last few payments broken down across the rst of the financial year.

Your electricity also looks a bit high - could be worth switching supplier, and you might be able to save a few quid by combining telephone and internet.

Could you turn your mobile into a PAYG or reduce the tariff at all??

What is the account charge for and do you absolutely need the morgage protection?? Also can you trim the opticians bill at all (is it contact lenses?? you can get great discounts online and can get cashback on purchases through Quidco)

The only other thing that I can't see is any allowance for travel, do you walk/cycle everywhere or do you need to add this in.

kittynortheast

Hi, how much do you spend on food, petrol/bus fares and general daily living, this is another area to look at .

dancingfairy

I reckon you could shave quite a lot off your SOA without too much trouble
Council tax - you could save 11 a month by paying over 12 months
Electric- I reckon you could save a 10 at least by switching, swapping to low energy light bulbs, turning things off standby etc.
Mobile- I reckon you could get this down to 10 a month on PAYG- or try haggling for a much better deal and more minutes and save money on home phone.
Mortgage - is this repayment or interest only - maybe you could go interest only for a few months and try and pay off some of the other debts? worth a look.
Account charge- prob best to ditch this unless they have some amazing benefit that's worth 120 a year.

I reckon that's 52 a month without too much hassle- also could you get a phone and internet deal and save a bit there as well?

Also, am hoping you forgot this and you really eat and also I guess you have some other expenses in there as well - travel to work/car expenses/birthdays?

Anything you can flog on ebay/car boot etc?

Think the second job thing is a fab idea- Good Luck.

Wannabefree_2

Gemmzie
Thanks for the reply, the Alliance & Leicester is £242 per month
The lloyds cc yes i have withdrawn cash on this as well as purchasing things
Egg the 1.3% is from a balance transfer valid until that date.

With regards to travel/car etc i have a lease car through my job & that covers tax, MOT, service etc, insurance etc. I pay for fuel which is probably about £15 a week(i live on my own & have a full store cupboard.

Need_To_Sort_It

Hello, just wanted to say welcome to the DFW board

Wannabefree_2

dancingfairy wrote: »

I reckon you could shave quite a lot off your SOA without too much trouble
Council tax - you could save 11 a month by paying over 12 months
Electric- I reckon you could save a 10 at least by switching, swapping to low energy light bulbs, turning things off standby etc.
Mobile- I reckon you could get this down to 10 a month on PAYG- or try haggling for a much better deal and more minutes and save money on home phone.
Mortgage - is this repayment or interest only - maybe you could go interest only for a few months and try and pay off some of the other debts? worth a look.
Account charge- prob best to ditch this unless they have some amazing benefit that's worth 120 a year.

I reckon that's 52 a month without too much hassle- also could you get a phone and internet deal and save a bit there as well?

Also, am hoping you forgot this and you really eat and also I guess you have some other expenses in there as well - travel to work/car expenses/birthdays?

Anything you can flog on ebay/car boot etc?

Think the second job thing is a fab idea- Good Luck.

Dancing Fairy thank you for your reply
I`ll check out the council tax for next year & see if they will do it for me.
Electricity- i`ve already got energy saving bulbs in most of my lights & everything is always off standby
I have recieved a text from orange saying that i can reduce my monthly bill so i`ll give them a ring
Mortgage is a repayment one, this i have via 3 sub accounts & 1 of them is due to come off the fixed rate at the beginning of feb so i have an appointment with them to look at that.
I haven`t a clue for what the account charge, could it be due to the fact that i`m overdrawn every month.?

I have put a fair few things onto ebay tonight so lets see what that brings..

I`ll give some of them a go & see what comes of it
Thanks

**Amy**

Im quite new myself so im sure people will give you lots of advice (they have given me loads!!).

Just wanted to welcome you really, and well done in taking the first step, thats the hardest bit!

xxx

Wannabefree_2

Hiya all. I thought its time that i updated my SOA a little bit since i wrote this 10 days ago. I surprisingly feel a bit more hopeful that i can deal with this now! Still need to to look into swapping electric & sorting out mobile but am glad i`ve done a little bit.

INCOME

Usually between £900/£1000 after tax etc
Twice a year i get £300ish

OUTGOINGS (a month)
Council Tax £70.00 (Feb & March no payment)
Water £4.00
Electric £ 48.00
Internet £12.49
Mobile £30.00
Mortgage £392.79-- i have taken a payment holiday from this for 6 months so i`m hoping that i can catch up with some of my cc`s & pay some off.
Account Charge £10.00
Telephone £15.00
Opticians £10.80--i have cancelled this completely as i have a stock pile & don`t use them as often now.
Mortgage Protection £19.98
Mint Loan £117.10 (43months left 5.8%)
Alliance & Leicester loan (32 months left 7.9%)
Capital One CC £5879-40 (0% ends 22 Jan then 15.94%) (£200 per month)-i have moved the amount off this & transfered it to 2 different cards, 1 with 0% for 6 months & 1 for 5.9% for 6 months.
Lloyds TSB CC £1290-20 (14.8% purchase, 24.9% cash)(£30 per month)
Asda CC £128.14 (0% ends 19 Jan then 1.30% Retail) (as much as pos)
Egg CC £905-67 (1.9% ends 1/4/08 (£25 per month-minimum)
Mint CC £3480-34 (0% till March 08 then 17.5%)(£80 per month-minimum)

Have a job interview on Wednesday for a second job to try & pay some of it off. -Not heard back yet but my references have been sent off so its looking hopefull, also asked about a local free paper round which is cash in hand.

Have also been selling stuff on E-Bay & have made about £100 so that will nearly pay off my asda card!!

My god i can`t believe how bad that looks!! :eek:

I`m really hoping somebody can help me.