Indigowarrior's journey to financial peace

Toni'sfriend · 5 July 2018 at 2:05PM

You're having a very difficult time right now but you're trying to sort things out and it will get better. I'm reading your diary and am here with support and encouragement (as are many others) if you need it.

GlendaSugarbean · 5 July 2018 at 2:35PM

Sounds like a tough day. Except for the chips. Chips are good and free chips are better

enthusiasticsaver · 5 July 2018 at 10:11PM

indigowarrior wrote: »

Entusiasticsaver welcome. Cashplus is my creditbuilder. I pay £6 a month to "improve" my credit score. It has gone up twice since I started. The £100 a month service charge covers all rent. All my debts are mainly defaulted contracts. I have now capped my bill with Tesco and it generally doesnt go over £30. Unfortunately I cant find a pay as you go tariff to suit my needs. As I use a lot of internet.

I only have one debt that is climbing and that is simplybe. I am going to work on clear that off.

I am embarrassed to say how much benefit I get as I am worried I will get judged.

Your credit score means nothing so there is little point in paying a fee for this Cashplus card. What matters is your credit history and as you have a lot of defaults that will be shot at the moment. You have a fair amount of disposable income for now so I would concentrate on paying as much of the debt off as you can and saving for emergencies. Are you restricted to just living in supported accommodation until November?

If the simply be debt is climbing because of interest and they wont freeze the interest I would suggest you target that one first. The council tax one is important too.

indigowarrior · 6 July 2018 at 7:18AM

enthusiasticsaver wrote: »

Are you restricted to just living in supported accommodation until November?

There is a maximum of six to nine months here. I cant cancel the cashplus agreement now until next year. I will be tackling Simply Be and The council tax one. I have a payment arrangement with the council tax one but I will try to clear it off asap.

indigowarrior · 6 July 2018 at 7:30AM

Well I am up bright and and early. I went to bed at about 9pm last night. Emotions all over the place so decided not to let social media depress me even further I switched off my phone and went to bed.

I am going to raid the cupboards and freezer for food and start rationing what soda I have left or its going to be impossible to live on £3 a day. There is a reading group at the library I may attend today just to get out of the house and socialise. They do have a group running at the supported accommodation but its fish and chip night and I don't really want to spend any money today.

Toni'sfriend · 6 July 2018 at 8:24AM

I have a payment arrangement with the council tax

This might seem like a stupid question but do you have an arrangement with all the others to pay off the debts? Do you know how much of your income is going on these repayments?
The reading group sounds like a good idea. xx

lindens · 6 July 2018 at 9:47AM

indigowarrior wrote: »

T

Glendasugarbean My days depend on how unwell I am and what has happened. I hate committing to much as its unpredictable with how I will be.

I love your username

with regards to the above - think about it as "how WELL i am" and look at it positively maybe?
Targets are good even if you carry them over. Start with one a day or one a week

enthusiasticsaver · 6 July 2018 at 11:00AM

The library and reading group sounds good. Well done on resisting the fish and chips and cutting back on soda. Good for the purse and your health.

I would agree that you have a good opportunity here to save and see if you can make arrangements to clear some of those debts. Start by speaking to Tesco mobile and O2 as 5 of the debts are with them. Do you ever get offered full and final payments where you clear the debts by paying a percentage of it in one hit? If so it might be worth you making token payments to them all of say £1 each and saving as much as possible then offering say 50% to all of your main creditors.

Toni'sfriend · 6 July 2018 at 12:30PM

I was thinking something similar. It seems that there is a bit of disposable income but maybe that's all going on the debt repayments and it might be better to make some sort of arrangement or plan to clear them. I'm not an expert but it's just a thought.

indigowarrior · 6 July 2018 at 1:35PM

All my debts but 4 are on hold until September. I have today set up a plan with 2 others for£20 and £25 a month. So I need to talk to Simply Be but, they cant do anything until I can pay something which wont be until the 26th.

I have been given special permission to have internet installed in my room which is good (Gaming helps me stay relaxed and well) and also been told I can stay here until my therapy has finished which wont be until Jan 2019. Which allows me some breathing space until then to get some debts cleared. I do want to have some savings though just in case things change.

My mood is a bit low today as received a letter that my girls will be adopted this month. The letter was so insensitive and blunt it could have been reworded a lot better.

I am going to sit down later and have look at everydollar and try to work a sensible budget out.

Indigowarrior's journey to financial peace

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