any advice welcome

akiki

income £800 per month

outgoings
car/food/elec,etc £447.67
loan £146.00 N.ROCK Left to pay£5,530
loan £267.00 TESCO Left to pay£14,952

credit card balance £5,000

advice from debt agency IVA over 5 years £230.00 per month
advice from cccs dept plan over 5 years £371.00 per month

unsure what to do next, any advice please.

Lizalu

Hi and welcome to MSE. The people on this board will give you some great advice.
I think the regulars to this board might want a little more detail on thefood/elec etc. (if you see MSE Andrea's sticky at the top of the board it'll show you how to do a full SOA). You say "debt agency", who is this and are they charging you for their help?

moneydesperate_x

just bumping you back up

akiki

thanx for replying, will put more detail on. This is all new to me.
dept agency was Blair and Endersby and they quoted £460 fee

Lizalu

Well in that case, and i'm no expert on this, but i think most people here would agree to go back to the CCCS. If you put more details on here in the morning, the real gurus will be able to advise you better but please don't worry - there is help out there, and a lot of it comes from the people on this board!

akiki

income £800 per month

outgoings monthly Total £447.67
oil £41.67 elec £17.00
contents insur £9.00
telephone/internet £30.00
car tax,insur,fuel £120.00
food,toiletries £150.00
dentist £14.00
hair £5.00
cloths £20.00
medical £41.00

loan £146.00 N.ROCK Left to pay£5,530
loan £267.00 TESCO Left to pay£14,952

credit card balance £5,000

advice from debt agency IVA over 5 years £230.00 per month
advice from cccs dept plan over 5 years £371.00 per month

unsure what to do next, any advice please.

poorandindenial

Hi Akiki

Well done for making the first step and posting.

I can't see anything listed for going out.

Who was the non CCCS debt agency??? If they are a company and not one of the charities then a chunk of what you pay will be taken by them.

How many people does the food and toiletries cover??

You have got money aside for 'medical' what sorts of thing does this cover, if it is prescriptions then you could get this cheaper by getting a prepayment certificate.

Could you give us an idea of the minimum payment on your credit card.

Is there any way that you can up your income?? Could you do overtime etc. You can use cashback sites such as Quidco so that you make money back on things that you routinely buy (eg car insurance), check out the 'up your income' board on the main site.

akiki

food etc is for one
medical is for next two months then will finish
min payment on credit card £122
some scope for overtime, but not regular

mummytofour

I would go for the DMP I say this because once in an IVA you HAVE NOWAY out where as with DMP you can change the amount you pay over time if life gets better or worse.

akiki

Has anyone been in this position or any more advice, please

akiki

I have to decide this week what option to take, please has any one got any more advice