Soa

builder_man_3

Statement of Affairs and Personal Balance Sheet

Monthly Income Details
Monthly income after tax................ 1500
Partners monthly income after tax....... 1500
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 3000

Monthly Expense Details
Mortgage................................ 1200
Secured loan repayments................. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 90
Gas..................................... 60
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 35
Mobile phone............................ 40
TV Licence.............................. 10
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 100
Petrol/diesel........................... 400
Road tax................................ 15
Car Insurance........................... 50
Car maintenance (including MOT)......... 50
Car parking............................. 20
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 25
Contents insurance...................... 15
Life assurance ......................... 25
Other insurance......................... 0
Presents (birthday, christmas etc)...... 25
Haircuts................................ 0
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2812

Assets
Cash.................................... 0
House value (Gross)..................... 250000
Shares and bonds........................ 0
Car(s).................................. 15000
Other assets............................ 0
Total Assets............................ 265000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 250000...(1200).....6
Total secured debts........... 250000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
CREDIT CARD....................10000.....90........0
CREDIT CARD....................7000......145.......0
LOAN...........................0.........210.......19.9
CREDIT CARD....................4000......100.......15.9
Total unsecured debts..........21000.....545.......-

Monthly Budget Summary
Total monthly income.................... 3,000
Expenses (including secured debts)....... 2,812
Available for debt repayments........... 188
Monthly UNsecured debt repayments....... 545
Surplus(deficit if negative)............ -357

Personal Balance Sheet Summary
Total assets (things you own)........... 265,000
Total Secured debt...................... -250,000
Total Unsecured debt.................... -21,000
Net Assets.............................. -6,000


AS YOU CAN SEE THIS IS HORRENDOUS I HAVE HAD SO MANY SLEEPLESS NIGHTS OVER THIS AND I DONT KNOW WHERE TO START.I CANNOT GO BR DUE TO VARIOUS REASONS BUT ANY ADVICE WOULD BE MOST GRATEFUL THANKS

builder_man_3

And To Top It All I Am Unable To Tell My Other Half This Has And Is Making Me Iil I Feel Like I Have Let Everybody Down And Feel So Ashamed

shadowdragon

Get hold of a debt charity and talk to them about your unsecured debts they can give you advise on your options.

But you need to tell your partner, hiding it from them is not going to make things any easier. And Im sure you will feel much better, a problem shared and all that.

marste

Does your partner know about the debt, but not how much of a state your in? are you too worried to tell her how you feel?

If so maybe you should let it off your chest to a charity first then talk to her. Ring the CCCS. They're brilliant They put me at east straight away. Then you might be able to pluck up the courage to tell her. Us women are stronger than you think you know

At least there's people on here going through it too and you'll get loads of help.

good luck

tigerfeet2006

Sorry to hear about your situation Builderman. Firstly you need to contact one of the debt charities in my signature on Monday. While you are waiting go onto the CCCS website and do their Debt Remedy which will give you an idea of what is happening and a reference number you can give CCCS if you ring them. Numbers and links in my signature.

Then sit down with a cuppa and take a deep breath and talk to your wife about what is happening. She deserves to know and needs to be part of the descions. If you can show her you are taking positive action to get things back under control it will help.

If for what ever reason you feel BR is not for you then I would suggest you post this over on the Debt Free Wannabee board they are excellent in finding ways to cut back and battling debts. They will need to know APR's on the debt's and also how many in the family.

Any questions though just ask there is usually someone who can ask.