New to this site, but not new to debt!!!

catinthehat1

Looking for some support - debt totalling £16k - we have been trying to do it ourselves, but every month something happens - cars/house/ boiler breaks etc

have 4 chn, and older son, who has just finished Uni, hopefully will get a job and we wont have to support!!

Just been taken to court by Barclaycard owe 4K want us to pay £465 per month - going to try and get a variation order
Also trying to get credit card charges back!!!
When will it all end - !!!!!!??????

andan

Welcome to the board catinthehat1. My first suggestion would be to post a statement of your affairs, there is a sticky regarding this at the top of the page. This will give you and people here, a clear indication of what you have coming in a month and where that money is going to. Then people can advise you on how best to tackle that debt.

I know things seems pretty rubbish at the moment, but coming on here is the first step and will have you on your way to tackling the debt. I also suggest reading other threads on here as there is loads of helpful info, am sure someone else will be along in a minute with some!

10past6

Hi Cat :hello:

Welcome to the forum, your not alone were all here to help if we can.

It would help if you can post your SOA (Statement of Affairs) click here.

On Monday call one of the debt charities for further advice, my advice at this stage, never use a fee paying debt agency for any advice / assistance, they cannot offer you anymore help / assistance than the debt charities.

Click here for a list of the debt charities.

catinthehat1

I have done SOA - where do i put it?

brummiebabe

Hi Cat

Just put your SOA in your thread, as you would a normal post.....others will look at it & offer advice, ideas etc.

Oh...& welcome:D

catinthehat1

Copy and paste EVERYTHING below this line into your MSE post =====>

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 2786
Partners monthly income after tax....... 1210
Benefits................................ 210
Other income............................ 0
Total monthly income.................... 4206

Monthly Expense Details
Mortgage................................ 1120
Secured loan repayments................. 310
Rent.................................... 0
Management charge (leasehold flat)...... 0
Council tax............................. 120
Electricity............................. 54
Gas..................................... 100
Oil..................................... 0
Water rates............................. 54
Telephone (land line)................... 20
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 42
Internet Services....................... 23
Groceries etc. ......................... 600
Clothing................................ 70
Petrol/diesel........................... 200
Road tax................................ 13
Car Insurance........................... 124
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 90
Other child related expenses............ 140
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 40
Contents insurance...................... 52
Life assurance ......................... 60
Other insurance......................... 0
Presents (birthday, christmas etc)...... 50
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 3305

Assets
Cash.................................... 0
House value (Gross)..................... 250000
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 250500

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 180000...(1120).....0
Secured Debt.................. 30000....(310)......0
Total secured debts........... 210000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Co-op..........................1218.99...20........0
Monument.......................921.48....20........0
John Lewis.....................2642.47...50........0
Capital One....................439.8.....0.........0
Nat West.......................3154.64...0.........0
Laura Ashley...................883.8.....0.........0
Next...........................383.86....0.........0
Lloyds.........................2047.99...0.........0
Barclays.......................993.......20........0
Barclaycard....................4385.54...0.........0
Barclaycard....................696.51....20........0
Total unsecured debts..........17768.08..130.......-

Monthly Budget Summary
Total monthly income.................... 4,206
Expenses (including secured debts)....... 3,305
Available for debt repayments........... 901
Monthly UNsecured debt repayments....... 130
Surplus(deficit if negative)............ 771

Personal Balance Sheet Summary
Total assets (things you own)........... 250,500
Total Secured debt...................... -210,000
Total Unsecured debt.................... -17,768.08
Personal net worth...................... 22,731.92

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

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

As said before - we have just rec'd a CCJ from Barclaycard want us to pay £465
per month!!!!

No holidays - no treats - got to pay for sons trip £150 - oh! and I havent included my student loan, just finished
training as a teacher, now have a job, but only secure till next April, due to Government trying to squeeze small
schools

10past6

Hi Cat

OK thanks for that, the 1st thing that stands out is your gas & electricty, total £154.00 per month, there are many dual tariffs on the market, have to tried for any on these?

Also, your grocery bill seems very high, is there a reason for that?

Also water £54.00 seems high, have you considered a water meter?

catinthehat1

Gas & elec - we owe so British gas have just asked us to pay £100 per month to clear!!
We haven't considered a water meter, just because I don't think we can have one - and have 4 chn - with older son who visits - all have a lot of baths/showers

The food bill is high - we try to save- have got an allotment, so trying to grow our own, chn just eat, eat & eat

10past6

catinthehat1 wrote: »

Gas & elec - we owe so British gas have just asked us to pay £100 per month to clear!!

OK, have you discussed with BG re a token meter, then spreading the debt?

10past6

Cat, is there a reason why the car insurance is so high?

catinthehat1

they want us to clear a £300 debt, so the £100 includes what we are using as well - obviously if we clear it then we will think about changing