Can someone given me a bit of advise please

loopyloopy_2

Just woke up this morning with a letter from court on my door step from Natwest.

The debt is in my husbands name and they are claiming 28356.18 my usand has ben paying natwest £150 a month for the last year and has struggled meeting that amoount of money. We have asked them on several occasions if they would be willing to stop the intrest and they wont so the debt keeps on rising. My husband has said when he phoned them last year to ask for a redemption figure he was given 18,000 so he does not understand this figure.

I also have unsecured debts which are currentl running through payplan (it was something i arranged when we split up in August last year)

We both are worried that we hay lose our house or they will ask for all of the money in one go. My husband only has this debt and one for a natwest credit card at £3,000 as he used the loan to consolidate other cards etc he aad about 4 years ago.

Any advise on what to do would be great. As the loan is just in his name will the court want to know all of my details too! HOw long will it be before court. Sorry to go on im just really worried.

My husbands income has been a bit up and down over the last year as he works for a family buiness and they owe him aprox £5000 from the company that was closed down in June and another £3000 from the existing company.

At the moment this is the income and outgoings.

Husbands Income after tax monthly £1600

mortgage £780
secured loan £130

council tax £120
buildings insurance £55
Life insurance £35
water £33.33
tv license 11.50
gas £40
electric £40
sky £75
home phone £40
car insuance £60
car tax/mot £20
Petrol £50


credit card £40
Natwest loan £150

Total 1576.33

my income £1100 month + £120 child benefit

childcare £500 unregistered (mother in law)
food £340
payplan £98

car insurace £45
road tax MOT £20

mobile phone £30
Petrol £75
clothing footwear £70
Pets £20
hairdressing £20

Total £1218



Will the court accept these figures or will they make us reduce them at all?

Can anyone think of anything we have missed.

are we able to fight natwest on the amount? are they allowed to claim all the intrest for the whole loan period?

Help would be really appreciated.

Cleosmum

Has your DH recieved the default notice, and the letter before action?

denerobt

Hi Loopyloopy :j

I'm happy to be your first reply, but stick around as there will be loads of help coming your way very soon!

Having a quick look at your SOA here's some suggestions. apologies if I make an error but not knowing what is and isn't manageable or cuttable I hope I don't offend.

At the moment this is the income and outgoings.

Husbands Income after tax monthly £1600

mortgage £780
secured loan £130

council tax £120
buildings insurance £55
Life insurance £35
water £33.33
tv license 11.50
gas £40
electric £40
sky £75 - phone and cut down to basic
home phone £40
car insuance £60 - compare everywhere - just reduced mine to under half!
car tax/mot £20
Petrol £50


credit card £40
Natwest loan £150

Total 1576.33

my income £1100 month + £120 child benefit

childcare £500 unregistered (mother in law) -- would she consider helping on this?
food £340 - set yourself a target of say £280 or £300. Save £480 a year!!
payplan £98

car insurace £45
road tax MOT £20

mobile phone £30
Petrol £75
clothing footwear £70
Pets £20
hairdressing £20 - does this include hubby? If so a pair of clippers for £5 will last years!!

Well done with the ladder climb out of debt. :T:T

In_Search_Of_Me

Morning! Going to mae suggestios i red o soa & then comments below if thats ok?

loopyloopy wrote: »

Husbands Income after tax monthly £1600is he now working on is ow or stil with family busines...any way of increasig income?

mortgage £780 have you checked this is the cheapest? Even with probem credit you may be able to get cheaper - see martins article on the main tab
secured loan £130

council tax £120 ca this be spread over 12 months to reduce monthly ammt
buildings insurance £55* with all the starred ones you may be able to get this cheaper - see martins articles & sign up to quidco and buy through there when you can
Life insurance £35*
water £33.33this seems quite high - are you metered?
tv license 11.50
gas £40*
electric £40*
sky £75 You really cannot afford this at the monent - if you can go down to the freeview package they offer
home phone £40 again this is high - have a look round & see if you ca get phone broadband & tv as a bundle. Does this include BT line rental?
car insuance £60 *
car tax/mot £20 This seems quite low - is that a realistic figure?
Petrol £50check online that you are getting cheapest petrol


credit card £40
Natwest loan £150

Total 1576.33

my income £1100 month + £120 child benefit

childcare £500 unregistered (mother in law)are you eligible for childcare vouchers or tax credit - theres a site you can check on - does anyone have the link..
food £340If you go to old style boards you should be able to reduce this by quite a bit. It takes a while to change habits but its doable!
payplan £98

car insurace £45* - this seems quite high. Do you have to have 2 cars?
road tax MOT £20

mobile phone £30qute high - go for PAYG if you can & use for emergencies only - 10 lasts me a couple of months
Petrol £75again quite high - can you cut down, car share etc
clothing footwear £70eek!
Pets £20
hairdressing £20

Total £1218

quote]

Not sure if that helps at all? I would suggeest that you ring cccs etc for some advise & help. Is Oh taking responsibiity or is it you doing all the work? You say that you searated - I assume youre now back togeather? You need to sit down & tackle this togeather and get some advice. Its hard the sorting stage because its scary but you are taking contr of your money rather than it controlling you & while hard to believe its liberating! Big hugs fr you & let us know how you get on!

loopyloopy_2

thank you all for your replies.

This is the first written communication my husband has had from Natwest since way before christmas so im not sure if he has had a letter before action.

Our home insurance is the best we can get as we had a major claim in march last year when our house burnt down.

As for the mortgage we are on a fixed rate for another 2 years with ge money as we both have really poor credit scores.
My mother in law gave up her job to be my childminder so this is her only income and about 2 times cheaper than nursery to look after ymy 2 children from 7 am until 7:45 pm 4 days a week.

Can natwest make us sell outr house to pay this debt.

Is there anything we can do about all of the intrest that has been added.

In_Search_Of_Me

I think you need to ring CCCS as it looks like a formal debt management plan may be the way to go (see list at the top). Is there any equity in your house and was the loan a secured loan?