new dmp soa any ideas to cut costs

timetobefree

Hi had my light bulb moment between christmas and new year, spoken to cccs and set up a dmp just awaiting creditors responses.

Here's my soa

Net Income £1428

Mortgage £527
water £29
c/tax £48
gas £23
elec £25
house ins £26
internet £8
phone £16
mobile £10
tv £6
life ins £29
redundancy ins £14
pension £154
road tax £15
fuel £80
car service £20
car ins/break down £46
food £100
clothing £10
hair £7
dentist/opt £5
sundries £20

total £1215

£213 left paid to cccs

my debts

amex £10088
rbs cc £1641
rbs cc £2519
lloydstsb cc £3545
m and s cc £3000
cahoot loan £8500
lloydstsb losn £6445
halifax cc £6489
ge capital £1366
lloydstsb o/d £5060
alliance & leic o/d £850

total approx £49k


at the current rate debt free date is over 20 years off.


I am looking for a better paid job but am i following the right path?

not losing my house is a major concern

had any one any experience of my creditors? who is likely to cause me problems?

HHH_2

I'm no good at SOAs but lots will be. I am on a CCCS DMP and all 7 creditors have frozen interest. M&S did it straight away, GE passe to a DCA fairly quickly after a few not very nice calls. lloyds have been b*ggers but ok now. I think it's just a matter of time with some of them, they go through the phone calls, letters, threats before they agree to stop interest. I would recommend CCCS as creditors seem to listen to them. I am a year on and was expecting the phone calls to start up again after six months but all i had was one letter asking me to call BSO, I didnt and nothing has happened. Good luck with it all.

timetobefree

just bumping up

CCCS_Sarah

Hi Timetobe free,

Is there anyway you could look at increasing your income? PT Job? OT? Quidco? Lodger? Even just upping your income to £300 this would knock about 6 years of the term based on interest and charges been stopped! So the more you can put towards the quicker you will get your debts paid.