HELP im new

poorandindenial

IGNORE ME: cross post with your full SOA

Thanks for the extra info Steph, could you check this link to make sure you haven't missed anything (click here)

There are a couple of things. First is that I have seen people posting that they can get phone line, internet and TV for £30 so you might be able to save a bit this way (even better get rid of pay-for TV and just get a freeview box). Second is that if you are on a mobile contract you might be better off going pay as you go or reducing your tarrif.

As it stands you have money left to service your debts but I think you have missed stuff off as there is noting budgeted for (eg) food and you have mentioned fuel but haven't put car maintenance, insurance, tax etc so I suspect that the remaining £200+ is taken up with these sorts of things.

Give us a bit more info and I am sure some of the people on here will help you save loads.

southernscouser

steph1705 wrote: »

what companys will do it for free??

You could try Payplan aswell.

Failing that you could organise the DMP yourself. You might get ballache from the creditors but at least you'll be saving that 17%! :think:

steph1705

well my car insure is on my credit card,my boyfriend taxed it and he pays for its keep as he oews it i just use it

elle_gee

A spending diary or at least looking back of your card statements (if you usually use debit/credit cards rather than cash) might help jog your memory of what else you're spending on

steph1705

paypaln couldn help as i dont owe enough

steph1705

i have a big problem with just buying stuff grrr so hard to stop doing that. i did it today tho whooo whoo drove right passed mac donalds lol

steph1705

my shopping bill is around £70 a week

poorandindenial

steph1705 wrote: »

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 550
Other income............................ 0
Total monthly income.................... 550

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 130
Management charge (leasehold flat)...... 0
Council tax............................. 0 (is this covered by your benefits payments?)
Electricity............................. 20
Gas..................................... 35 (have you checked to see if you are with the cheapest supplier recently? if not check out at U-Switch and if there is a cheaper supplier then sign up to them at quidco.co.uk and you may get some cashback on it
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0
Mobile phone............................ 30 (is this contract? can you downgrade or go PAYG?)
TV Licence.............................. 19
Satellite/Cable TV...................... 15
Internet Services....................... 18
Groceries etc. ......................... 150 (how many of you are you feeding?)
Clothing................................ 0
Petrol/diesel........................... 50
Road tax................................ 0
Car Insurance........................... 0 (you have petrol in your SOA does someone else pay these?)
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 30 (what exactly does this cover)
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 20 (how many pets, what does it cover, if it is insurance it may be worth checking to see if you can get a better value policy)
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 15
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 562

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
credit card....................2500......5.........0
credit card....................1200......15........0
littlewoods....................1200......140.......0
Total unsecured debts..........4900......160.......-

Monthly Budget Summary
Total monthly income.................... 550
Expenses (including secure debts)....... 562
Available for debt repayments........... -12
Monthly UNsecured debt repayments....... 160
Surplus(deficit if negative)............ -172

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total Secured debt...................... -0
Total Unsecured debt.................... -4,900
Personal net worth...................... -4,900

Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

======== Enter any other useful information below ========

Your SOA doesn't look too bad but there are definitely a couple of areas you might be able to shave a bit off.

EDIT: darn it I type so slow that you keep on answering my questions before I have posted them

Beerworshipper

Hey Steph,

well done on taking the steps to sort out your debt.:T

I agree with southernscousers somments. By my maths and assuming all interest is frozen I make 17% of £4900 as £833. Therefore, its definitley worth having a go yourself just to have that to throw at your debts.

Have you tried speaking to your creditors directly, just give them a call, calmly explain your situation and ask if they can do anything to help you e.g. freeze interest, lower APR's or accept lower monthly payments etc.

Remember to try 'say no to 0870' website to find the cheaper numbers to call them on.

Good luck and keep us posted.:D

Beerworshipper.

~Beanie~

£70 a week is a lot for one person!