help

bethrad

HI cancelled dfd you were alright i had got it wrong so been on CCCS ONLINE done by bit on there , so now posting my SOA
hud wage £2093 me £409 sons lodge £110 familyallowce with taxcredit £110
3 tsb creditcards ..£378 pay back each month
TSB loan .......231.00
halifax......82.oo
halifax loan 120.00
egg card...129.00
barclay card...20.00
mint...75.00
black horse..£110=....£1,145.00
2 overdrafts £1,550...
morgage ......£484.72
picture...£695.19
council tax...£97
water £25.30
buildings & contents ...£15.88 just changed was paying £25.60
tv licence...£11.81
insurance 3 altogetheir... £43.00
phone broadband ...£55.00
elec &gas...£100.00....=£1536.1
all this happened over a period of 19 years & changing cards for better rates thinking i was doing well as you can c i wasn,t liz








3

Pollycat

well done for cancelling, Beth.

A few initial thoughts on your SOA:

What are the rates of all the credit cards? It's best to try to clear the ones with highest interest rates first.

You've not got anything for food or entertainment or any of the small incidentals like newspapers.

tigerfeet2006

Check out this thread for an explaination on doing a SOA.

http://forums.moneysavingexpert.com/showthread.html?t=107280

All the best, you are in thr right place.

Merlot

bethrad wrote: »

HI cancelled dfd you were alright i had got it wrong so been on CCCS ONLINE done by bit on there , so now posting my SOA
hud wage £2093 me £409 sons lodge £110 familyallowce with taxcredit £110
3 tsb creditcards ..£378 pay back each month
TSB loan .......231.00
halifax......82.oo
halifax loan 120.00
egg card...129.00
barclay card...20.00
mint...75.00
black horse..£110=....£1,145.00
2 overdrafts £1,550...
morgage ......£484.72 - can you change to interest only for a while
picture...£695.19 - I am assuming this is secured, I don't think CCCS will touch it this, others will clarify that.
council tax...£97
water £25.30
buildings & contents ...£15.88 just changed was paying £25.60
tv licence...£11.81
insurance 3 altogetheir... £43.00 - What are these?
phone broadband ...£55.00 - Far too high
elec &gas...£100.00....=£1536.1
all this happened over a period of 19 years & changing cards for better rates thinking i was doing well as you can c i wasn,t liz










3

Liz, I see you have 2294.90 outgoing and 2722.00 incoming before food. Do you own a car? if so, this needs to be written on the SOA. Clothing, entertainment etc. I think you need to speak to the CCCS, with the other outgoings I have mentioned I suspect you will have a negative surplus.

Do contact one of the debt charities, they will advise you.

Merlot.x.

p.s. I have added a few comments in the soa.

bethrad

Pollycat wrote: »

well done for cancelling, Beth.

A few initial thoughts on your SOA:

What are the rates of all the credit cards? It's best to try to clear the ones with highest interest rates first.

You've not got anything for food or entertainment or any of the small incidentals like newspapers.

thats my problem left myself to rely on visa so as u can imagetion everything goes on them about 4 are low interest rates don,t have 2 of the visa so plodding a long with these yep i,ve been very sily leaving nothing for incidentals liz:eek:

bethrad

Merlot wrote: »

Liz, I see you have 2294.90 outgoing and 2722.00 incoming before food. Do you own a car? if so, this needs to be written on the SOA. Clothing, entertainment etc. I think you need to speak to the CCCS, with the other outgoings I have mentioned I suspect you will have a negative surplus.

Do contact one of the debt charities, they will advise you.

Merlot.x.

p.s. I have added a few comments in the soa.

Hi yep we have a car put all info down on cccs they quote £455 food& other household ess ..£12 car tax ..ext so as you can image on there is acorrding to them £429 for debts liz:eek:

bethrad

:eek: been in touch with cccs thet are now sending me pack our for dmp saysit will take us 11years hopfully hubby get is bounes each year can put to it & reduce the years here,s hoping just busy bricking it now as never be in this situation be for, so now be wiaiting for phone calls liz:o

delboypass

now you understand your position you will be able to reduce your DFD..

This is because you are going to concentrate on REDUCING your outgoing, and INCREASING your incoming...

You need to budget tightly..youve had the party and now comes the hangover..

Increase your sons lodging in proportion to his wage...
This seems very low..i doubt that would even cover his share of TV, Council tax, Morgage, Water, phone line, broadband ect...

Also if you snowball off the high interest debts, or the lowest debts...you will be reducing your DFD massively...

Look at the snowball calculator

Also get everything on Ebay as possible...

Pollycat

Hi again, Beth

we have a car put all info down on cccs they quote £455 food& other household ess

I'm not sure what you/cccs mean by 'other household essentials' but you might like to start thinking about reducing your food bill.
Take a look at the 'MoneySaving Old Style' forum on here. It has some great advice on stuff like menu planning to avoid wasting food, using up leftovers, cheap ways for cleaning etc.

delboy mentions your son's board, £25 per week DOES seem low, if he's working maybe he should pay more.

Beth, it sounds like you've had your LBM and are seriously planning to work on getting out of debt, I do hope your hubby is on board with this too.

Good luck.

bethrad

son only on £80.00 a week at the moment have to;d him once his wage goes up he will be paying more .yep probable can recuce food bill thats for everything including cleaning items, at the moment i have put this amount down to c how i get on .liz