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

catinthehat1

car insurance is for 3 cars -
a peugeot 406 - Tesco £30 per month
Voyager - Tesco £46 per month
sons car £48 per month (he can pay it- when he gets a job)

the voyager is high because, we have had two cars broken into, two cars set on fire and totally written off ( where we lost £1000's) That's another story!!!
I dont think we can go anywhere else because of the claims we have made

catinthehat1

What/who is a DCA - I have really lived a sheltered life - I'm going to have to get a grip with all this new terminology!!!!

10past6

OK, click here, it's the insurance forum, post in there and see if anyone can advise you re finding cheaper insurance.

Then post in here, it's the utilities forum, see if anyone can advise you about joining a cheaper company even with a debt.

10past6

catinthehat1 wrote: »

What/who is a DCA - I have really lived a sheltered life - I'm going to have to get a grip with all this new terminology!!!!

DCA = Debt Collection Agency, when a creditor sells on your debt, it's usually to a DCA.

catinthehat1

Son has finished uni - and IS looking for a job:j (PE teacher) just hope he can survive - as we won't be able to help him out!!! His car insurance was £180 per month 5 years ago, so £48 doesn't seem so bad these days!!!!

barnaby-bear

10past6 wrote: »

DCA = Debt Collection Agency, when a creditor sells on your debt, it's usually to a DCA.

http://forums.moneysavingexpert.com/showthread.html?t=672601&page=3

barnaby-bear

catinthehat1 wrote: »

Son has finished uni - and IS looking for a job:j (PE teacher) just hope he can survive - as we won't be able to help him out!!! His car insurance was £180 per month 5 years ago, so £48 doesn't seem so bad these days!!!!

Tell him to get down an agency on monday and do something min. wage to tide him over and pay his own car costs asap... it's great doing a rubbish job it inspires you for the rest of your life to not go back.... yeah and charge him board too Summer's coming up so all the kiddy camps and playschemes will be looking for staff too. Over 18, has arms and legs, can pay his own car costs.... seriously an inactive adult is a drain especially with a car so anything temporary whilst he looks will help.

SoA - groceries look quite high. You should have a big surplus but do you? Some people recommend spending diaries, also where / how did you get the debt often understanding the overspend is necessary. Lots of women home/clothes type cards... I imagine the APRs are eye watering you need to know the APRs and snowball (over pay highest interest first). Also if you clear a card you can shuffle (they often let you BT another companies(balance transfer) higher APR debt to the now cleared and not earning them interest card at a lower APR)

catinthehat1

Thanks Barnaby bear - my son is working - but not permanent - supply teaching when he gets it - he has to pay his own rent now, so sorry to sound a softy - but he WILL be paying his own car insurance soon

how we got in to debt - its not something I'm proud of!!!:mad: I have been training to be a teacher for 6 years - needed GCSE's/A levels/degree/PGCE - took over a year to get a permanent job - and YES we lived on credit - i had been promised an inheritance - but it wasn't passed on to me!!! Had foolishly banked on it to clear our debt!! Now really paying for crap purchases :mad:

10past6

Cat

Use the link in my previous post (3) and contact the debt charities for further advice.

catinthehat1

Oh! DCA :mad:- now I know - we have caller display and my children know not to answer the phone if it comes up with 01789 - 0870 etc etc we don't speak to them and will only deal with them via letter:cool: