Gosh - where do I start???

donnadoo515

i hope so lol

jmf76

Hey donnadoo, have just looked at my debt diary and noticed you said you'd started your own - well done for taking that first step!!!

Don't give up and just keeping posting, be it when you're up, down or just want a good old rant!!! There will always be someone around to help out.

I shall be looking out for your progress - it looks like we're both on a similar mission weight wise too, so we shall just have to keep each other motivated. :j

Oh I had heart failure at my food shopping costs too :eek:. I worked hard at trying to get it down and can just about manage all food & grocery inc toiletires for £200-250 p/month ( I was paying that on just food before), although still working at getting it down to £200 atm.

The only other thing I can say is take it one step at a time, the debt didn't happen overnight and certainly won't disappear that quickly (although how we wish it would ), but you can do something about it, and you have started to by asking for help. You should be proud of that.

Good luck xxx

donnadoo515

donnadoo515 wrote: »

OK,

Well, what a day - DP wasn't giving me the full story about his side of money i thought he wa actually quite comfy but no thats not the case so i made him log onto his internet banking today and i scowled through it all.
This is when it came to light that since last payday (28th Dec) we have spent £263.41 at ASDA & Morrisons :eek: :eek: I have got to say we were both extremely godsmacked at this, of course you do not realise this when you are going on the odd day and spending about £20/£30 at a time so we have now agreed to take some action on this as you will see from my SOA.

It's took me a while to get here but here is my SOA!
Apologies as it's only 95% complete but will try and find further info tomorrow, Just wanted to get it on here ASAP as that's how keen i am to deal with all this..
Ok Here goes..

Incomings

My Salary: £960 per month
Partners Salary: £969 per month
Benefits: 409.84

Total Monthly Household Income: £ 2338.84

Outgoings

AA Car Insurance: £53.73
Pipex Internet: £17.70 (Last Payment as have changed providers)
Legal & General House Ins: £11.71 (Last Payment as is for old house)
Endsleigh Home Ins (incs mobile phone) : £12.00
Sky: £42.00 – incs Internet, Sky & Multiroom
Sky Talk : £5.00
Council Tax: £104.89 (when we start paying again, is it Feb/March time??)
TV Licence - £11.00
Rent - £550
My Mobile Phone 02 - £39.95
OH Mobile Phone Voda - £25
Childcare: £616.76
Water: £15.00 **
Shopping: - £270 (OMG) :eek:

Travel Costs:
Me: £50.00 (Petrol)
OH: £52.00 – He has just looked into getting a bus pass which will save about £24

Total Monthly : £1861.74 :rolleyes:
(This will be lower in feb as we have 2 houses on the go due to moving – tenancy at old house ends on 8th feb, Rent already paid for this but still has to be insured etc.)

Debts

Egg Credit Card – Balance £627 (limit £600) – Currently paying min payment of £15 @ 26.9% APR
HSBC Loan – Balance £5392.76 – Not paid anything since August now defaulted, unknown (trying to arrange lower payments) 17.9% APR (i think this was over 5 years but not sure now)

HSBC Overdraft 1 - £839.44 18.9% APR
HSBC Overdraft 2 - £902.79 18.9& APR
Money Shop - £125.00 currently paying via Lowell Portfolio £25 monthly
SSE Energy - £200- repayment offered of £30 starting Jan 08
BT - £64.38 Outstanding from old house, paying £40 this month and remainder the next
Next –Balance £359.51 - min payment, this month: £33.90
Littlwoods (Via NDR) - £495.00 > £39 per month

Provident Loans we have decided to list these seperately as we are going to tackle them 1 at a time so that we can see that the balance is being paid off!

Other Half-

£207 – repayment of £9 per week
£117 – repayment of £3 per week
£144 – repayment of £3 per week

Me - Can’t find book at the moment will look for it and update! think mine is the same or more

Total: £9428.88

Unknown Amounts

Water – Just moved from rateable value (fixed amount) to water meter, no idea how much this will be

Thank god that is done, I feel a 'small' weight lifted already (and not the 3lb that i lost this week :j ) but that's done now...any idea's, comments, thoughts or suggestions are very welcome
Thanks for reading, sorry it was a long one!!

Well I have not been on here for some time and thought It would be interested to put an updated SOA down - unfortunatly the amount I owe has increased as I gave up and put my head bank in the sand but I have now received some advised and am considering a DMP just need to find out a bit more about it...anyway here is SOA based on my income/expenditure only as It's only me that has debts

Incomings

My Salary: £1011 per month
Benefits: £380 per month

General Houshold Outgoings (doesn't include payments for debts)
**= halved with OH (double it for full amount)

AA Car Insurance: £51.39
Endsleigh Home Ins (incs mobile phone ins): £6.50 **
Sky: £27 **– incs Internet, Sky & Multiroom
Sky Talk : £2.50**
Council Tax: £52**
TV Licence - £5**
Rent - £275**
My Mobile Phone 02 - £39.95
Childcare: £310**
Shopping: - around £80** but this is not consistant!

Travel Costs:
Me: £50.00 (Petrol)
[STRIKE]OH: £52.00 – He has just looked into getting a bus pass which will save about £24 [/STRIKE]
Other half now has use of his company van and pays no trave costs at all whoohooo:j

Total Monthly : £ 899.34

Debts

Egg Credit Card : Balance £631.65 – Currently paying min payment of £15 @ 26.9% APR
[STRIKE]
HSBC Loan – Balance £5392.76
HSBC Overdraft 1 - £839.44 18.9% APR
HSBC Overdraft 2 - £902.79 18.9& APR
[/STRIKE]
All of the above have now been passed to Metropoliton and they have written some of it off I now owe them : £4810.84 - Nothing being paid back as yet
[STRIKE]Money Shop - £125.00 currently paying via Lowell Portfolio £25 monthly[/STRIKE] PAID :j
Atlantic Electricity - £810 - Not being paid
BT - £200 Outstanding from old house, paying £20 this month and remainder the next
Next –Balance £915.02 - min payment(various) around £50-£70
Littlwoods Lowell - £590 - no repayment arrangement
SimplyBe Reliable collections £255.08 - no repayment arrangement
T-Mobile - £94.93- no repayment arrangement
Provident Loans
Loan 1: £154 - Paying back £6 pw
Loan 2: £157 - Paying back £4.50 pw
Loan 3: £588 - Paying back £12 pw

I think that's it all !

Total Debt: £9206.52

Can i clear this on my own or should i consider a DMP? I am currently seeking advice for a DMP.
I am deffinatly going to tackle these now...just need to find the best way of doing so

Keeping_Positive

I would use Martins budget planner or this http://www.makesenseofcards.com/soacalc.html to make sure you have thought of everything such as haircuts/ car costs etc etc. If you have a surplus then you should be fine yourself but if not then CCCS are probably the best place to start. Dont go to a fee paying service they are rubbish and take longer to clear the debt.

You need to make the monthly costs affordable so that your not left without emergency monies and you can actual enjoy life on the budget. No good setting out a three year plan with no simple luxuries it will be too easy to fall off the wagon again.

Glad to see you back again. Im sure others will be around soon.

Good luck.

donnadoo515

Thanks very much for that
It states I have a surplus of £180 which i know if i commit to £100 a month to clear debts I would struggle to live on £80 a month but then again..I don't know until i try do i?

donnadoo515

Well i have today received a letter from CCCS accepting me onto the DMP and the payments will be £90 a month
This seems absoloutly fine and manageable to me..I think i probable spend more than that by juggling me debts in payments to keep the one that is hassling me the most happy!
I think i will take this up.

donnadoo515

Today i am going to get all my letters and statements together ready to photocopy at work tomorrow to give to CCCS

donnadoo515

is anyone there? i feel a tad lonely on my little old thread here lol

Keeping_Positive

Hello

Im still here :wave: . Not sure why others havent picked up on the thread. Keep trying thats the main thing or maybe start a new thread to start the CCCS phase.

poppy10_2

I'm following your progress too. Don't worry, lots of people read these diary threads, but don't actually post replies unless a specific question has been asked.