Ok so I have less a month left than I thought !!!128577;
Monthly Expense Details[/b]
Mortgage................................ 650
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 135
Electricity............................. 100
Gas..................................... 80
Oil..................................... 0
Water rates............................. 55
Telephone (land line)................... 0
Mobile phone............................ 30
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 400
Clothing................................ 0
Petrol/diesel........................... 220
Road tax................................ 34
Car Insurance........................... 60
Car maintenance (including MOT)......... 6
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 70
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 12
Contents insurance...................... 0
Life assurance ......................... 27
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 10
Total monthly expenses.................. 1911


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


Secured & HP Debts
Description....................Debt......Monthly.. .APR
Mortgage...................... 300000...(650)......0
Total secured & HP debts...... 300000....-.........-

Unsecured Debts
Description....................Debt......Monthly.. .APR
Barclaycard ...................7500......155.......0
Sainsburys ....................2000......44........0
Tesco .........................7000......135.......0
HMRC child tax credit..........1300......14........0
Mbna ..........................9100......160.......0
Tesco loan ....................3000......60........0
Total unsecured debts..........29900.....568.......-


Monthly Budget Summary
Total monthly income.................... 2,500
Expenses (including HP & secured debts). 1,911
Available for debt repayments........... 589
Monthly UNsecured debt repayments....... 568
Amount left after debt repayments....... 21

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -300,000
Total Unsecured debt.................... -29,900
Net Assets.............................. -329,900

[i]Created using the SOA calculator at www.stoozing.com.
Reproduced on Moneysavingexpert with per

Hi, this is my first post.
I'm wondering if I write to my credit card company and ask them to hold interest for a period of time will this affect my credit file?
My other half had to resign from his job in October due to personal reasons and therefore our total income is now only a third of what it was. We cannot claim any benefits for 26 weeks so I'm led to believe because he gave up work voluntarily. He is looking for employment but has gone to college part time too so is struggling to find anything to fit around that. I am not in arrears or missed any payments just the payment is going to be getting harder to meet we pay £115 a month on a £3400 balance which at the moment is the minimum payment the interest is around £45ish. I just wondered if we ask for a payment plan before we may/may not fall behind will make any difference to credit file.
Hope that makes sense. It might not seem a lot to most but it's keeping me awake at night worrying about it - hence here's me typing at 3 in the morning.
Thank you

Need some advice on a student situation, I currently have a standard bank account in overdraft (nearly at max) the bank is charging interest on this as its not a student account. What can be done about this, and what is your advice on taking out personal loans to sort my mess as I am a student.

I would really appreciate some advice!


I currently have approx. £4300 in debts. I have a £1,100 overdraft, and two credit cards; a Barclaycard with a balance of £1,700 and a Capital One card with a balance of £1,500.


I have had the Barclaycard for years, and to try and pay it off last year I took out the 0% Capital One Card so that I could transfer the majority of the balance of the Barclaycard to it and not have to pay so much interest. This was a good idea in principle, but then things happened (I needed a car repair, my cat needed some expensive vet treatment) so the balance on both cards crept up and up and now they are both nearly maxed out again.


I currently pay off just over the minimum amount on the Barclaycard each month, but this covers little more than the interest. With the other one again I pay just over the minimum payment but I often end up using it again for petrol and necessities just before payday.


My overdraft fees are usually around £20 a month too, and I am guilty of extending the amount when I get desperate. I am aware that I need to look at my budgeting(!)


I would really like to try and streamline my debt a bit. At the moment I am not in any direct trouble as such, but I am also not really paying anything off while slowly getting into more debt. I'd like to be free of this situation.


Also I should add that I am looking to apply for a mortgage with my husband later this year. Would I be better off waiting until after we have done this before I make any changes?


Would love to hear your opinions!

Hi

I am so ashamed to be writing this

I have had a small online business for about 10 years and it kept me ticking over. However, the last couple of years has been very slow and I've been using credit cards here and there. Nothing big, just general day to day shopping etc. I get to keep this money as my partner has a good wage and pays all the bills (the house is in his name)

Ive now got to the point where i owe about 20k over 4 different cards. The problem has been the interest. Im spending every penny I'm earning on paying the minimum payment so its barely making a dent. Then I'm using the cards as I have no money left over. I've hardly eaten or slept this past week

I really need to sort this out but really don't want my partner to find out, so can I get help with a debt management plan without his earnings being taken into account? We have no financial ties. Even freezing the interest would be fantastic but 3 of the cards are with the Halifax and i've read stories online about them not being interested in that.

Thank you

Hello and thanks for reading.

I'm 33, and until recently had a good credit rating. I had around 6000 of debt that I was paying back steadily, over two 0% credit cards. I wasn't going to be able to clear them both before the promotion rates ended, but felt that I would be able to take advantage of a balanced transfer rate.

However, I found out last year that my partner had been using pay day loans. She owed a significant amount. To help, I took over the payment of all bills and gave what I could to cover the costs. I overstretched myself and missed a couple of payments, before managing to get back on track.

Now my credit rating is poor, and my promotional rates are ending. I owe around £10,000, and am unable to get any balance transfer deals.

My plan is to take out a personal loan to cover the amount. I've been getting loan quotes using credit soft searches to avoid impacting my credit rating further. The best I could get is a 10.9% rate with Ikano that doesn't penalise overpayments. Over a couple of years, I'll try to repair my credit rating while making overpayments, until I can either get a better loan rate to cover the remaining amount, or get a credit card at 0%.

Is this a sensible plan? I've budgeted and can afford the repayments, although I am still worried that they won't accept my loan application.

Thanks!

Hi there
I am 73 living in Brittany
I own my house outright for 11 years. Currently for sale with 4 estate agents fot 90,000 Euros (Which is what I pasid for it in 2006.
3 years ago we ordered double glazing then my wife died following a fall. So only one pension coming in and funeral and credit card bills to pay. I had loan from bank and have used credit card to pay 2 years later for car repairs. I want to borrow 12, 000 to clear all debts to be repaid with interest from proceeds of house sale. This will save me 400 Euros a month in debt repayments. Can you help me please
Regards Ron Shiel
ron.shiel@orange.fr

Hello,

Please can you help me.

I have a personal loan with £10000 left to pay, I pay it by direct debit each month and have never missed a payment, The rate is 7%apr. I also have a credit card with £8900 on it and an apr of 29.9% and have only been paying the interest lately as that's all I can afford. I am self employed and so is my husband, altogether we make £33000 before tax. We have two children.

I have tried the loan and credit card eligibility calculators and it says we wouldn't be accepted for any. I was thinking of adding the credit card amount onto my loan but that's not possible according to the bank. What else can I do so I'm actually paying off the credit card and not the interest please? Also, we are meant to be paying hmrc back for overpayments of tax credits years ago, which we do monthly and we can hardly manage to afford to do that, is there anything we can do? We are basically paying back every sort of benefit entitlement we have ever received !!!128555; any help would be appreciated! Many thanks.

Hi,
I recently learned that my former partner had breached a Court Order, instructing the removal of my name from mortgage and deeds. In the meantime, arrears have accrued on the mortgage account, and I have been informed by the lender that repossession order was obtained on Nov, 2017.
The property has been abandoned and it would appear from neighbours that the property is derelict and no maintenance has been done. I expect that there will be negative equity on the property as a result of this wilful neglect.
The problem I have, is if I move back into the property and resume the mortgage payments and come to an arrangement - the mortgage is on a mortgage interest only basis - leaving me effectively nine years in which to stump up the remainder - if I decide to remortgage or sell at a later point - does this mean that I will need the former partner to consent in order to do this? I am also a full-time student at uni, so will the lender consider me viable?
The alternative is that I await the repossession, already knowing that I anticipate a considerable debt and the liklihood that the provider will look at me as the soft target as I have a child to consider and cannot disappear!

Would value your advice.

Alison

Hi, my husband has an agreement with SC with his 12m review due shortly. If I were to also enter an agreement would they be linked? Thanks