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  • FIRST POST
    • MSE Andrea
    • By MSE Andrea 18th Nov 16, 1:05 PM
    • 9,095Posts
    • 21,935Thanks
    MSE Andrea
    Struggling with debt? Ask a debt advisor a question
    • #1
    • 18th Nov 16, 1:05 PM
    Struggling with debt? Ask a debt advisor a question 18th Nov 16 at 1:05 PM
    If you need help with your debts, this is the thread for you.

    Trained advisors from StepChange Debt Charity (formerly CCCS) are here and waiting to answer your debt questions. They!!!8217;re a friendly bunch so please don!!!8217;t be shy!

    There are three ways to get in touch:

    1 - Simply post your question below and the team will reply. If your question is about bankruptcy, then pop over to the Bankruptcy board.

    2 - If you would prefer to ask a question in private, feel free to send a message to StepChange Private Messages.

    3 !!!8211; StepChange Debt Remedy is a free and confidential online debt advice tool. You can put a budget together at your pace, and you can also talk it over with an advisor through online chat.

    If you're a StepChange Debt Charity client already, please contact its Aftercare team rather than posting in this thread (their contact details are in your Welcome Pack).

    If you're self employed and need debt help please get in touch with Business Debtline.

    This is discussion thread part four, see parts one, two and three.

    Finally, follow @MSE_Forum on twitter for debate and discussion on all things MoneySaving and more.

    If you haven!!!8217;t already, join the forum to reply!
    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by MSE Andrea; 07-12-2017 at 2:44 PM.
    Could you do with a Money Makeover?


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Page 29
    • rhe93
    • By rhe93 30th Nov 17, 7:34 PM
    • 1 Posts
    • 0 Thanks
    rhe93
    Fuel Cards
    Hi!
    A few months ago i took out a fuel card, I was under the impression that it was monthly and not weekly!

    So money was coming out of my bank weekly which until I checked my bank I was unaware.
    Anyway, got in to some difficulty as they charged £50.00 for a bounced DD and because that £50.00 bounced I got charged another £50.00.

    I have asked if I could pay £50.00 per month. They sent me an expenditure form and they said no as you have £100.00 spare then you will pay £100.00

    So I had another look at my expenditures only the next day and revised it and now they want supporting documents. After only 1 day of sending it.

    I don't have these supporting documents

    Is there any way I can get around this?

    Thank you
  • StepChange_Rachael
    Hi

    Thanks for your post and welcome to the forum.

    Fuel cards arenít something Iíve come across before. However, with any agreement itís worth checking the details in the original contract first. Itís important to check the terms of the agreement to see what the process would be if the payments arenít maintained.

    With any debt you can only pay what is affordable after youíve covered your household bills and general living costs, but it's important you know the consiquences of reduced payments and the action they can take going forward.

    Iím not sure what kind of supporting documents they are asking for but normally a budget showing your financial situation should be enough evidence to show what is an affordable payment.

    Quite often creditors will ask for a financial budget from a third party. If they are asking for this then you can complete a budget through StepChange which can be used with the creditors along with advice on any debts you have.

    Alternatively if youíre self-employed then you can receive help and create a budget with aid of The Business Debtline.

    Thanks
    Rachael



    Hi!
    A few months ago i took out a fuel card, I was under the impression that it was monthly and not weekly!

    So money was coming out of my bank weekly which until I checked my bank I was unaware.
    Anyway, got in to some difficulty as they charged £50.00 for a bounced DD and because that £50.00 bounced I got charged another £50.00.

    I have asked if I could pay £50.00 per month. They sent me an expenditure form and they said no as you have £100.00 spare then you will pay £100.00

    So I had another look at my expenditures only the next day and revised it and now they want supporting documents. After only 1 day of sending it.

    I don't have these supporting documents

    Is there any way I can get around this?

    Thank you
    Originally posted by rhe93
    I work as a debt advisor for StepChange Debt Charity and have specific permission from Martin to post on these boards to try and help those in debt. Read more information on StepChange Debt Charity in the Debt Problems: What to do and where to get help article. If you find you're struggling with debt and you need further help try our online advice facility Debt Remedy.

    Don't be afraid of getting debt advice. We'll help you take one more step towards getting help with your debt.
    • Blueberry55
    • By Blueberry55 8th Dec 17, 8:55 PM
    • 1 Posts
    • 1 Thanks
    Blueberry55
    Hi, I wonder if I could get some advice please?

    I hve an old credit card debt that was defaulted on years ago (approx2010). I have been on various payment arrangements since and was unemployed for a time. The interest was frozen way back in 2010 approx. More recently, through an unfortunate period, I missed a few payments and got a ccj. I am working now and able to pay. The ccj was applied for in December last year but was not finalised by the court until August this year ( as the dca had decided to accept my offer of £17 per month in between but decided in August that it wasnít good enough any more). I offered them £75 per month with some assistance from my parents which they refused as they said they would prefer to hear what the court had to say. The court set the month payment to £10. I have paid this in full (or over) each month and in time. Restons applies for a charging order, which I attempted to defend on the ground that there is little equity in my home and I do hve other creditors. The court rejected this and the order has gone ahead. My problem is that the ccj was given for a debt of £2041 including the court fees. I have received the final charging order today for £18100.00. Is this possible? Or is it likely just a typo with an extra zero in it? Any response would be great.
  • StepChange_Linsi
    Good morning,

    Thanks for posting and welcome to the forum.

    Applying to the court for an interim charging order costs a creditor £110, which is then added to the judgment debt. Other costs may be added to the debt to cover administration or for updating the Land Registry, but it seems unlikely this would come to over £16,000.

    Itís possible this may have been a typing error so Iíd recommend contacting the creditor to check the outstanding balance. You can also ask them to provide a breakdown of any fees added.

    The terms and conditions of your credit card agreement should also breakdown what fees can be added and when, so itís worth reading this if you still have the terms and conditions.

    If you need any further advice after speaking to the creditor please donít hesitate to get back in touch. Here are our contact details.

    All the best,

    Linsi

    Hi, I wonder if I could get some advice please?

    I hve an old credit card debt that was defaulted on years ago (approx2010). I have been on various payment arrangements since and was unemployed for a time. The interest was frozen way back in 2010 approx. More recently, through an unfortunate period, I missed a few payments and got a ccj. I am working now and able to pay. The ccj was applied for in December last year but was not finalised by the court until August this year ( as the dca had decided to accept my offer of £17 per month in between but decided in August that it wasnít good enough any more). I offered them £75 per month with some assistance from my parents which they refused as they said they would prefer to hear what the court had to say. The court set the month payment to £10. I have paid this in full (or over) each month and in time. Restons applies for a charging order, which I attempted to defend on the ground that there is little equity in my home and I do hve other creditors. The court rejected this and the order has gone ahead. My problem is that the ccj was given for a debt of £2041 including the court fees. I have received the final charging order today for £18100.00. Is this possible? Or is it likely just a typo with an extra zero in it? Any response would be great.
    Originally posted by Blueberry55
    I work as a debt advisor for StepChange Debt Charity and have specific permission from Martin to post on these boards to try and help those in debt. Read more information on StepChange Debt Charity in the Debt Problems: What to do and where to get help article. If you find you're struggling with debt and you need further help try our online advice facility Debt Remedy.

    Don't be afraid of getting debt advice. We'll help you take one more step towards getting help with your debt.
    • MMC87
    • By MMC87 11th Dec 17, 6:03 PM
    • 64 Posts
    • 73 Thanks
    MMC87
    Hi

    I have a practical question about DMP. If I wanted to make an additional payment (for example, if I did some overtime or sold things on eBay and therefore had some extra cash) how would I go about this?

    Do I get account details to send money to? Or is there some sort of process to follow?
  • StepChange_Allen
    Hi

    I have a practical question about DMP. If I wanted to make an additional payment (for example, if I did some overtime or sold things on eBay and therefore had some extra cash) how would I go about this?

    Do I get account details to send money to? Or is there some sort of process to follow?
    Originally posted by MMC87

    Hi there

    Thanks for posting.

    I can only really speak on behalf of StepChange on this, so if you're on a DMP with us you can make an extra payment to your plan in this sort of situation yes. We have a team dedicated to assisting all our clients on DMPs and they can process extra payments, or we can provide our bank details instead. Then we'd just ask that you let us know an extra payment has been made so we can update your records.

    If you're currently a client with us, please send us a private message (StepChange Private Messages) and we can give you the phone number required.

    I hope this helps.

    Allen
    I work as a debt advisor for StepChange Debt Charity and have specific permission from Martin to post on these boards to try and help those in debt. Read more information on StepChange Debt Charity in the Debt Problems: What to do and where to get help article. If you find you're struggling with debt and you need further help try our online advice facility Debt Remedy.

    Don't be afraid of getting debt advice. We'll help you take one more step towards getting help with your debt.
    • MMC87
    • By MMC87 12th Dec 17, 12:15 PM
    • 64 Posts
    • 73 Thanks
    MMC87
    Thanks, Allen. I'm going with StepChange but only just starting up - just wanted to know for the future months.
    • Catty552
    • By Catty552 14th Dec 17, 5:39 PM
    • 2 Posts
    • 0 Thanks
    Catty552
    Hello, I took out a loan in 2004 for £1000. I paid most of it off but fell into difficulties so stopped making repayments. It eventually was sent to debt collectors and again I paid a bit more off it, I applied for ppi refund and this was deducted from the balance of my loan. I assumed I'd paid off the debt as I didn't hear off them for a while, then recently I received a letter from Restons Solicitors saying they put a charge on my property and had sent my debt to an enforcement agency. My debt was now back up to over £1300. So I went to see the CAB and we wrote to Restons asking for a statement. My original loan was taken out with Welcome Finance. I was sent a statement today detailing all the payments I made, missed, the charges added, my ppi being deducted.... everything was on it. However according to my statement my remaining debt of £779.77 was written off on 02/07/2013 and my balance was £0.00. I don't understand why Restons are chasing me for over £1300, have put a charge on my property, got bailiffs involved and wrecked my credit file for debt that doesn't exist. I have called to speak to them but had to leave a message for someone to call me back. I'm not sure what's going on, could anyone help please. Thank you
  • StepChange_Linsi
    Hello

    Thanks for getting in touch and welcome to the forum.

    If youíve had confirmation showing that the debt was written off and no additional payments were needed, then Iím also unsure why Restons Solicitors have taken further action against you.

    Iíd recommend raising this with them when they call you back. If youíre not able to resolve this with the person you speak to then Iíd suggest making a complaint.

    You can do this by writing to the following address and itís a good idea to include a copy of your statement.

    Complaints Department
    Restons Solicitors Limited
    Trinity Chambers
    800 Mandarin Court
    Centre Park
    Warrington
    Cheshire
    WA1 1GG

    Restons Solicitors will then have 8 weeks to try to resolve your complaint. If youíre not happy with their response, you can escalate your complaint to the Financial Ombudsman Service (FOS).

    After speaking to them if youíre liable for this debt, you can apply to pay the judgement by installments. The process to follow will depend on when the judgement was entered. You can call our Helpline, whoíll be able to explain which process you need to follow and provide further advice about managing this debt. You can find our contact details here.

    I hope this helps,

    Linsi

    Hello, I took out a loan in 2004 for £1000. I paid most of it off but fell into difficulties so stopped making repayments. It eventually was sent to debt collectors and again I paid a bit more off it, I applied for ppi refund and this was deducted from the balance of my loan. I assumed I'd paid off the debt as I didn't hear off them for a while, then recently I received a letter from Restons Solicitors saying they put a charge on my property and had sent my debt to an enforcement agency. My debt was now back up to over £1300. So I went to see the CAB and we wrote to Restons asking for a statement. My original loan was taken out with Welcome Finance. I was sent a statement today detailing all the payments I made, missed, the charges added, my ppi being deducted.... everything was on it. However according to my statement my remaining debt of £779.77 was written off on 02/07/2013 and my balance was £0.00. I don't understand why Restons are chasing me for over £1300, have put a charge on my property, got bailiffs involved and wrecked my credit file for debt that doesn't exist. I have called to speak to them but had to leave a message for someone to call me back. I'm not sure what's going on, could anyone help please. Thank you
    Originally posted by Catty552
    I work as a debt advisor for StepChange Debt Charity and have specific permission from Martin to post on these boards to try and help those in debt. Read more information on StepChange Debt Charity in the Debt Problems: What to do and where to get help article. If you find you're struggling with debt and you need further help try our online advice facility Debt Remedy.

    Don't be afraid of getting debt advice. We'll help you take one more step towards getting help with your debt.
    • Shermo110
    • By Shermo110 19th Dec 17, 9:10 AM
    • 1 Posts
    • 0 Thanks
    Shermo110
    Hi there,

    I am looking for some advice on a matter. We are currently struggling as a family with a little issue and would like to know our best approach to this situation. My wife is currently with step change on a debt issue. This debt issue was originally kept quiet from me until we bought a house together.

    When the debt issue originally occurred, my wifes mother remortgaged some of her house to clear the debt, so that is a £500 bill she pays every month.

    The other debt she accumulated from the sale of her flat which was without a lodger renting it and the sale stalled for 6 months. After a bit of help with her card she got into a debt plan with step change and pays into that every month.

    With the mortgage on our house and having had a little boy with the rediculous cost for nursery fees we are struggling to meet the bills each month.

    They are met and i havnít missed any payments but i have taken a loan out myself to pay for our wedding, and a few to help with the cost. We also have one car owned and one car on finance. I am looking to the future and would like to put a stop to these bills before it ever gets to a point where we might be in trouble.

    So my question is, we have accrued some equity within our property over the 5 years, and would it make sense to remortgage to pay it all off and increase the mortgage? Or if we were to sell and downsize would i be able to get another mortgage with the wifeís step change plan in mind.

    Our house means a lot to us so a remortgage would be the ideal situation. We would only need 30% of the equity made.

    Hope you can help

    Many thanks
    • truckcompanyx
    • By truckcompanyx 20th Dec 17, 1:18 AM
    • 1 Posts
    • 0 Thanks
    truckcompanyx
    Debt Free vs TSP
    We are a double federal employee household. My wife left her fed job after 23 years and has a substantial TSP balance.
    Her income loss, school loans and vehicle home and credit card debt have been significantly
    nagging on both of us and we are considering taking the tax and penalty hit by withdrawing
    her TSP. Even with the tax/penalties...this would eliminate everything but the home loan OR the school loan and free up over $3500/month in cash (currently going to credit card, vehicles, home, 2nd mort)
    Even with eliminating her TSP, she still has FERS retirement upon reaching MRA. Additionally, I have my own TSP (and FERS) account and the elimination of this debt could allow maxing out on my TSP. I'm a special category retirement, and can retire in 4 years (but don't have to retire until another 3 years). It's seems that debt free by using TSP would allow for so much less stress while still being able to grow my (our) remaining TSP.
    Are there any other early withdrawal options for TSP at 48yrs old?
    Lifestyle is not looking to travel in retirement. 7 years left to pay off home loan.

    Any suggestions?
    I'm leaning towards taking the tax hit and penalty and ending up with only the home or school loan on the other side of this, which seems rather liberating.
  • StepChange_Linsi
    Hi

    Thanks for your post and welcome to the forum.

    Itís a great idea to think about the future and look at your options before any of your debts get out of control.

    Without a better understanding of your financial situation I really couldnít say what the best option is at the moment, but remortgaging sounds like a potential solution.

    If your wife has a poor credit rating it may be harder to get a new mortgage or re-mortgage but itís certainly not impossible.

    As you wife is already getting help from us Iíd recommend you both call us together so we can have a chat about your options. Here are our contact details.

    You can also find more information about mortgages and using equity in your home on our website, hereís the link.

    We look forward to hearing from you both soon.

    Linsi

    Hi there,

    I am looking for some advice on a matter. We are currently struggling as a family with a little issue and would like to know our best approach to this situation. My wife is currently with step change on a debt issue. This debt issue was originally kept quiet from me until we bought a house together.

    When the debt issue originally occurred, my wifes mother remortgaged some of her house to clear the debt, so that is a £500 bill she pays every month.

    The other debt she accumulated from the sale of her flat which was without a lodger renting it and the sale stalled for 6 months. After a bit of help with her card she got into a debt plan with step change and pays into that every month.

    With the mortgage on our house and having had a little boy with the rediculous cost for nursery fees we are struggling to meet the bills each month.

    They are met and i havnít missed any payments but i have taken a loan out myself to pay for our wedding, and a few to help with the cost. We also have one car owned and one car on finance. I am looking to the future and would like to put a stop to these bills before it ever gets to a point where we might be in trouble.

    So my question is, we have accrued some equity within our property over the 5 years, and would it make sense to remortgage to pay it all off and increase the mortgage? Or if we were to sell and downsize would i be able to get another mortgage with the wifeís step change plan in mind.

    Our house means a lot to us so a remortgage would be the ideal situation. We would only need 30% of the equity made.

    Hope you can help

    Many thanks
    Originally posted by Shermo110
    I work as a debt advisor for StepChange Debt Charity and have specific permission from Martin to post on these boards to try and help those in debt. Read more information on StepChange Debt Charity in the Debt Problems: What to do and where to get help article. If you find you're struggling with debt and you need further help try our online advice facility Debt Remedy.

    Don't be afraid of getting debt advice. We'll help you take one more step towards getting help with your debt.
    • Ebe Scrooge
    • By Ebe Scrooge 20th Dec 17, 11:35 AM
    • 4,127 Posts
    • 3,569 Thanks
    Ebe Scrooge
    We are a double federal employee household. My wife left her fed job after 23 years and has a substantial TSP balance.....
    Originally posted by truckcompanyx

    As this is a UK-based forum, I doubt many folk on here will be able to give any meaningful advice regarding USA retirement planning. You'd probably be better seeking advice from a US-based forum if possible.
    I may not know much about art, but I know what I like.
  • StepChange_Linsi
    Hello

    Thanks for your post.

    We can only give advice and offer debt solutions to those living in the UK in England, Wales, Scotland or Northern Ireland.

    Laws and regulations will be different in America so Iím not able to answer your questions or provide any advice about pensions.

    Iíd recommend you speak with your employer or get help from an advisory organisation in the area you live.

    All the best,

    Linsi

    We are a double federal employee household. My wife left her fed job after 23 years and has a substantial TSP balance.
    Her income loss, school loans and vehicle home and credit card debt have been significantly
    nagging on both of us and we are considering taking the tax and penalty hit by withdrawing
    her TSP. Even with the tax/penalties...this would eliminate everything but the home loan OR the school loan and free up over $3500/month in cash (currently going to credit card, vehicles, home, 2nd mort)
    Even with eliminating her TSP, she still has FERS retirement upon reaching MRA. Additionally, I have my own TSP (and FERS) account and the elimination of this debt could allow maxing out on my TSP. I'm a special category retirement, and can retire in 4 years (but don't have to retire until another 3 years). It's seems that debt free by using TSP would allow for so much less stress while still being able to grow my (our) remaining TSP.
    Are there any other early withdrawal options for TSP at 48yrs old?
    Lifestyle is not looking to travel in retirement. 7 years left to pay off home loan.

    Any suggestions?
    I'm leaning towards taking the tax hit and penalty and ending up with only the home or school loan on the other side of this, which seems rather liberating.
    Originally posted by truckcompanyx
    I work as a debt advisor for StepChange Debt Charity and have specific permission from Martin to post on these boards to try and help those in debt. Read more information on StepChange Debt Charity in the Debt Problems: What to do and where to get help article. If you find you're struggling with debt and you need further help try our online advice facility Debt Remedy.

    Don't be afraid of getting debt advice. We'll help you take one more step towards getting help with your debt.
    • Marcus3344
    • By Marcus3344 6th Jan 18, 4:51 PM
    • 7 Posts
    • 0 Thanks
    Marcus3344
    7 weeks ago I set up with step change. My debtors are chasing monies everyday. I had agreed to make my first budgeted payment next week. However, I lost my job in December and have not told step change. I was hoping to be able to make the set payment but it looks like I am going to fall short. As it stands I have an agreed payment plan with my debtors, I havenít made any payments yet, and now I am struggling to pay the first payment. What should I do???? Step change has been my life line and I do not want to lose it....,
    • AddSubtract
    • By AddSubtract 8th Jan 18, 3:08 PM
    • 7 Posts
    • 0 Thanks
    AddSubtract
    Honestly - where do I start? Where do I start making positive change? Any tips or direction?
  • StepChange_Allen
    7 weeks ago I set up with step change. My debtors are chasing monies everyday. I had agreed to make my first budgeted payment next week. However, I lost my job in December and have not told step change. I was hoping to be able to make the set payment but it looks like I am going to fall short. As it stands I have an agreed payment plan with my debtors, I havenít made any payments yet, and now I am struggling to pay the first payment. What should I do???? Step change has been my life line and I do not want to lose it....,
    Originally posted by Marcus3344

    Hi Marcus

    Thanks for posting.

    I'm really sorry to hear that you lost your job. We most certainly want to keep helping you though; please get in touch with our Client Support team who are looking after you whilst on your DMP and they'll do what they can to help. All our contact details can be found on our website if you don't have the number to hand; look for support and review of your DMP: www.stepchange.org/Contactus

    I hope this helps and we look forward to speaking with you.

    Allen
    I work as a debt advisor for StepChange Debt Charity and have specific permission from Martin to post on these boards to try and help those in debt. Read more information on StepChange Debt Charity in the Debt Problems: What to do and where to get help article. If you find you're struggling with debt and you need further help try our online advice facility Debt Remedy.

    Don't be afraid of getting debt advice. We'll help you take one more step towards getting help with your debt.
  • StepChange_Allen
    Honestly - where do I start? Where do I start making positive change? Any tips or direction?
    Originally posted by AddSubtract
    Hi there

    Thanks for posting.

    Would you be able to explain a little about your situation and what sort of advice you're looking for specifically? If you're mainly looking for advice on debts that are no longer manageable, then you can register with us completely free by either calling our Helpline on 0800 138 1111 or completing our online Debt Remedy tool: www.stepchange.org/DebtRemedy

    We look forward to helping you.

    Allen
    I work as a debt advisor for StepChange Debt Charity and have specific permission from Martin to post on these boards to try and help those in debt. Read more information on StepChange Debt Charity in the Debt Problems: What to do and where to get help article. If you find you're struggling with debt and you need further help try our online advice facility Debt Remedy.

    Don't be afraid of getting debt advice. We'll help you take one more step towards getting help with your debt.
    • Bounty1
    • By Bounty1 9th Jan 18, 1:32 PM
    • 50 Posts
    • 4 Thanks
    Bounty1
    Hi, I have posted on this forum before but really need some help now. We have credit card and loan debts of around £29,000 and have only just been able to meet the minimum payments. Just before Xmas I accidentally missed 50p off a minimum payment to mbna, we called them and they agreed to take the 50p and put minimum payment back to £160 but when the bill came in it was back to £280, there was no way I could pay so missed a payment! Now they have agreed to try work a soloution out as we have told them we can no longer afford the payments. I would rather pay my other cards and loan for as long as I can but the mbna card is pushing us over the edge with just £40 left per month. Need help please!!

    Also as mbna have asked for incoming and outgoing money, as itís just my husbands card, should I do this as a joint or single incoming and outgoing.
    • Bounty1
    • By Bounty1 9th Jan 18, 3:02 PM
    • 50 Posts
    • 4 Thanks
    Bounty1
    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
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