My SOA

howdidthishappen

Right here is the list.....
My Wage £320
DH's Wage £930
Tax Credits £192
Family credit £78

Total £1520

Rent £600
Council Tax £92
Childcare £270
Gas £50
Electricity £50
Water £30
Car Insurance £48
TV licence £11
Sky £19
BT Phone £11
Broadband £37
Mobiles £20
Petrol/buses £100
ccj £25
whatever is left goes on food about £150

So we basically havnt paid anything to our creditors, which are listed below, for months.
As soon as I have the funds I am going to apply for bankruptcy, however I still think im going to have to find a way so sort my budget out as its just not working at the moment, I need to either miraculously make more money or drastically alter our spending i just dont know where to start



Debt

Joint

gas/electricity/water/bt arrears
rent arears £1200

mine


Time Share £8958.57
store card £162
catalogue £696.17
c/c £2929.88
c/c £1587.40
Overdrawn £428.60

DH
2 c/c totalling around £1400

thevinternet

Hiya, I'll leave a message just to bump this up a bit for you so you get some more help.

The obvious things are....
...get rid of the Sky if you can
...ask to pay your council tax over 12 months instead of 10
...broadband is really high - could you switch to a phone and internet deal?

Also you are missing a few things out babe, like haircuts, clothes, also house insurance if you have any.

Have you checked to see if you are paying the lowest car insurance, gas and electricity online?

V xxx

RAS

Hi

Check the deals, because the sky.mobile, internet and phonea are costing £87 per month. You should be able to get some sort of bundle for £30-40 pm.

Also the car insurance seems high. Check the comparison sites and swap via a cash-back site.

And have a look at http://www.moneysavingexpert.com/protect/make-money


HAve you already got an arrangment with your creditors or do you need to talk to one of the debt charities?

Cleosmum

No idea about time share, but can you sell it?

howdidthishappen

hi thevinternet
unfortunately our sky and broadband are tied into contracts
and the council tax i have put down is spread over 12 months not 10

we dont have house insurance, cant afford it. Also we dont buy clothes if my little girl needs anything my mum is really good and has been helping us out and me and dh just make do with what we have

IWantToBeFree_2

howdidthishappen wrote: »

hi thevinternet
unfortunately our sky and broadband are tied into contracts
and the council tax i have put down is spread over 12 months not 10

we dont have house insurance, cant afford it. Also we dont buy clothes if my little girl needs anything my mum is really good and has been helping us out and me and dh just make do with what we have

Do you have no house insurance at all? I was under the impression that it was a legal requirement to have buildings insurance at the very minimum.

Sorry, just seen that you rent, clearly not applicable, ignore me, its been a long day!

howdidthishappen

hehe dont worry about it but no we dont have house insurance luckily i am a sahm so house not regulary left empty

tallyhoh

You have already said that you cant sell the time share back to the company. Can I ask how you pay it? Is it a monthly repayment?

Is it owned by a British company? Just wondering what would happen if you just didnt pay it. I am NOT saying dont pay it but have you looked thru your contract really well for any loopholes.

Actually I would be more inclined not to pay it than the utilities if you see what I mean.

thevinternet

Hi again,

Just noticed, you said that you are a stay at home mum, but I see that you have childcare payments of £270 a month, is there any chance you could reduce these?

V xx

howdidthishappen

hi v well when i say sahm i mean it in the lightest terms im at home 3 days a week and work two, mainly for my sanity and as you can see most of my income is eaten up by childcare

howdidthishappen

tallyhoh
time share is now owned by diamond resorts and we havnt actually been paying our management fees which is the main reason we cant sell it, or use it at the moment.
the loan for it is through cfs which also hasnt been paid for a while and will be included in my bankruptcy pertition