I need help

mandstevo

My car is being returned in september - apparantly i have to have it for 18 months before i can return it and the car debt is cleared. When i got the car on finance, my situation and finances were fine but now things have changed and they are shocking.

Hope this helps -

Monthly Incomings:
My salary - £960 per month
Benefits - £0 (not entitled)
TOTAL - £960

Monthly Outgoings:
Mortgage/Rent - £260
Council Tax - £92
Gas - unsure not had my first bill yet i am pushing for this though
Electric - £15 - Check on Uswitch for the cheapest dual fuel deal - go through a site like quidco and you could get cashback too
Water - £32
TV License - £11
Mobile - £35 - Contact your provider and see if you can downgrade your package, you will not be cancelling the contract so they may well do it - I knocked £5 off a month by doing this, and still have 6 months of the contract left.
Food - £60 -Is this just for you?
Car Insurance - £46
Petrol - £45
Catalogue payments - £80 minimum payments -Try contacting them to see if they will allow you to pay a smaller amount for a few months.
Overdraft - £700
Car Payment - £255.57
Loan - £97.50

This leaves you with -£69.07 a month, presuming you don't pay anything back on your OD. Are these the amounts you pay or are some of them shared? You say that you split: rent, council tax, water, tv, electric - so are the amounts above the total or your share. If they are your share do you split 50/50? Do you both earn the same? Could your OH pay a bit more until September?
Once the car goes you will have £346.57 more (although I presume you will need to spend something on public transport), so possibly £200+ more a month to chuck at other debts.

Hope this helps. Well done for taking the first step.

ANSWER -

my partner does pay his way yes eg food, bills etc. he does earn more than more but his situation is the same and a week after pay day we are both skint.

I have tried getting a loan to pay off my exsiting crap just to have one payment but no one will help me

my partner trys to help me when he can not easy tho

x

mandstevo

Ps the food amount isnt just for me! I dont eat that much!!!

it is for both of us we do one big shop then dont have to go for a couple of months unless its fresh stuff obviously

x

MissEyre

It's much better to stay away from a consolidation loan-you can clear the debts faster that way. There are some good suggestions about freeing up a little bit more cash, but the biggest difference will come when you manage to get rid of the car, as you can throw all that money at the rest of the debts. x

phoenixchick

Hi,
If you are both in the same position (and boy do I know the feeling of being skint just after payday!) it might be worth posting a SOA with joint income and expenditure, then we will have the full picture. If you have money left over each month you may be able to do a DMP through CCCS or payplan.

Don't panic - even small steps will make you feel better.

mandstevo

just dont feel like im clearing them up, they are all on minimum payments as i cannot afford to up them and all the other housebills are going up AGAIN

x

mandstevo

Hi

Didnt really want to DMP as these last 5 years dont they?

Wanting me and my partner to sort ourselves out and get a bigger house some time and plan a baby etc but we cant do that at moment in this mess

x

bank_of_slate

CONTACT CCCS , YOU CAN'T DO THIS ALONE!
...Linda xx

mandstevo

Call me thick but what are CCCS?

Amanda x

bank_of_slate

Consumer Credit Counselling Service
Website: https://www.cccs.co.uk
Telephone: 0800 138 1111