First time for me, here's my SOA should be SOS

alibambino

Hi everyboby i have spent the last week wondering whether to do this or not, but im not sleeping, im crying, im a tad unstable, so i thought to myself get your head out of the sand, and do something i have done my SOA but it may not be great, so here goes.
INCOME
Wage £870.00
Family Credit £485.00
Child Benefit £ 120.00
TOTAL £1,476.10
OUTGOINGS
provident £ 60.00
morgage £404.00
loan £122.31
buildings and contents insurance £24.00
gas£40.00
electric 80.00 (owe them £700.00) paying on a meter)
Food £270.00
tv licence £11.91
childrens bus fares to school £60.00
petrol £120.00
clothing £20.00
mobile £20.00
conact lenses£13.00
gym£37.95 (i know but i signed a contract)
phone,tv,broadband £50.00
capital one £5.00 ( owe £376.93)
fredrickson £11.00 ( owe them £1,428.44 to citi cards)
Lloyds TSB £9.00 ( owe them £16.000 )
water £50.00 ( owe them £400.00)
TOTAL £1353.17
DEBTS
loan £4.000 4 years to go
Lloyds TSB £16,000
Citibank £23,134.57 currently trying to fight a charging order this debt was from my ex got the house repossed so i am liable for it.
Capital one £376.93
Fredrickson international £1,428,44
Provident £612.00
water £404.00
electric £700.00
morgage arrears £400.00
TOTAL ROUNDABOUT £47.000( LIGHTBULB MOMENT)
I have a appointment with CCCS next friday, should i go down the IVA route i dont know which way to turn?

sammyjig

I won't pretend to know what I'm talking about as I only posted my SOA for the first time yesterday. I'm sure someone with some excellent advice will be along soon!

All I will say is well done for posting. I felt so much better once I had done it and now I feel more positive and know that I CAN do this!!

millionaire_in_training

Hi there. Cant advise you on the IVA etc etc just wanted to say hi and welcome. Good luck x

Little_Miss_Shopaholic

I too can not offer you any advice as I haven't been a member for very long but I can offer you support.

Well done for posting and taking the first small steps to a debt free life.

I'm sure someone who can offer advice will be along soon

alibambino

Thank you!! ithe support means a lot i am now crying lol i dont know if its relief or fear lol

fatbelly

alibambino wrote: »

Citibank £23,134.57 currently trying to fight a charging order this debt was from my ex got the house repossed so i am liable for it.
...
I have a appointment with CCCS next friday, should i go down the IVA route i dont know which way to turn?

I think you can trust CCCS to give impartial advice about whether an IVA is a suitable option for you.

But I am confused about the Citibank debt. Is this a debt in your name? Is anyone helping you on this one? What stage is it at?

mummytofour

Hi and welcome, please try not to worry to much you are doing the right thing.
I cant see council tax is it in there?
Why do you have to pay the childs bus fare? Does the LEA not pay?
There is nothing down for car running costs? Do you need a car?
Is your mortgage interest only? Does the house have any money ties up in it at all?
The phone bill is high, could you not go to talk talk or sky?
I shall pop bk later take care.

fatbelly

And do you pay Council Tax? And other car expenses - road tax, insurance, maintenance? I suspect your situation is a little 'tighter' than your SoA would indicate!

alibambino

It was a morgage, my partner my ex and i split up, i moved in with my parents, i went to see a solicitor to get my name off the morgage they told me my ex had to prove he could pay it on his own, fast forward a few years and i found out the house had been repossed, so the 23 grand is the shortfall from the house, i had been paying money off it from 2003 onwards i missed a payement in sept and now they want to put the whole debt on my property, my ex doesnt have his own property so he escapes it, i know that we had a joint morgage so i am equally as responsible, but i didnt know it had been repossed till awhile later, it seems very unfair as ive really struggled to keep the house im in.

alibambino

tut im an idiot yes i pay council tax around sixty quid a month, dont get any help with bus fares, i dont live more than three miles away , that how much it costs to send two children to school every week, unless anybody can think of anything else, i do have a car its paid for , but yes i dont think about mot and road tax until it comes in, i sound like a right wassac, but thats what i do.

alibambino

p.s i now have a money diary and a food diary, i have registerd with a company to rent my space on my drive, i have also requested a tesco clubcard( even though its not my supermarket ) my sis told me to fill my car up there.