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    • reachingforthelight999
    • By reachingforthelight999 13th Jul 18, 4:27 PM
    • 2Posts
    • 2Thanks
    reachingforthelight999
    help?
    • #1
    • 13th Jul 18, 4:27 PM
    help? 13th Jul 18 at 4:27 PM
    hi, so after seperating from my long term partner back in january i have finally decided to pull my head out of the sand and sort out my debts. I have sat down today and worked out what i have coming in and whats going out and it just about matches up if im really careful and stop wasting money. Problem is im behind on a few payments. im up to date on necessary bills Rent/ C tax, water etc. Im behind on catalogue and credit cards and behind on 1 loan payment. I know if i can just catch up then i will be back in a better position but its going to take some time to catch up. Ive spoken to one credit card today who im most behind with and they have offered to freeze interest for 3 months and nominal payment. They suggested i look at a charity like stepchange for debt advice. Is this a good idea or am i better trying to sort this out myself? Can anyone point me in the direction of template emails/letters i could look at to use to get some of the interest frozen on my account as this is what is causing the debt to mount up. The main ones that im struggling with are my Nationwide credit card, Very payment and im 1 payment behind on my Nationwide loan. thanks
Page 1
    • January2015
    • By January2015 13th Jul 18, 4:31 PM
    • 2,195 Posts
    • 5,355 Thanks
    January2015
    • #2
    • 13th Jul 18, 4:31 PM
    • #2
    • 13th Jul 18, 4:31 PM
    Post a statement of affairs (SOA) and people will be able to give you informed advice
    DFW Nerd No. 1484 LBM 07/01/15 Debt was 95k I'm driving it down
    1k emergency fund (member #84) 1k/1k
    • reachingforthelight999
    • By reachingforthelight999 13th Jul 18, 5:52 PM
    • 2 Posts
    • 2 Thanks
    reachingforthelight999
    • #3
    • 13th Jul 18, 5:52 PM
    • #3
    • 13th Jul 18, 5:52 PM
    thanks, i will sit down and go through the SOA later on. I have been in touch with Nationwide CC and theyve been very helpful and i have a plan in place for the next 6 months with that one which i am happy with now. IF i can get some of my smaller debts paid off in the next few months it will make the bigger ones more affordable.
    • Westie983
    • By Westie983 14th Jul 18, 1:17 AM
    • 4,553 Posts
    • 15,077 Thanks
    Westie983
    • #4
    • 14th Jul 18, 1:17 AM
    • #4
    • 14th Jul 18, 1:17 AM
    Hi and welcome for making the jump and contacting your creditors.

    As suggested a SOA will help but any other questions we are here to try and help you, you are not alone, and others have been through or are going through what you are just about to embark on.

    Welcome to MSE here is a some information on Debt management with the templates you were asking about, have a read and come back and post if you need help.
    https://www.moneysavingexpert.com/loans/debt-help-plan/

    Westie983
    Save 12k in 2018 #10 Total (25000)+14800/12000 = 123.33%
    Sealed Pot Challenge ~ 11 #97 Total (410) + 40/500 = 8.00% ( x 11)
    Xmas 2018 1 a Day #2 Total 62.59/365 = 17.14%
    Virtual Sealed Pot #1 Total 1200/1000 = 120.00%
    2 Savers Club 2018 #16 Total (1500)+-470/2000 = 51.50%

    Total 18132.59/15865 = 114.29%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • fatbelly
    • By fatbelly 14th Jul 18, 7:02 AM
    • 12,693 Posts
    • 9,760 Thanks
    fatbelly
    • #5
    • 14th Jul 18, 7:02 AM
    • #5
    • 14th Jul 18, 7:02 AM
    National Debtline is a great resource for standard letters

    https://www.nationaldebtline.org/EW/sampleletters/Pages/default.aspx

    and factsheets

    https://www.nationaldebtline.org/EW/information/fact%20sheet%20library/Pages/default.aspx

    but it's hard to advise without seeing the whole picture, which is where a soa comes in.
    • datlex
    • By datlex 15th Jul 18, 11:18 AM
    • 1,767 Posts
    • 1,667 Thanks
    datlex
    • #6
    • 15th Jul 18, 11:18 AM
    • #6
    • 15th Jul 18, 11:18 AM
    So good to hear you are talking to creditors rather than avoiding them. You have already seen the benefit and how much more amenable they are when you do. It sounds from what you are saying you have got a focus. It just needs a few tweaks.
    As well as your SOA, next week of shopping keep your receipts. You can use these to research on line where to save money on shopping by moving brands or shops. When you post your SOA put things like contract end date by mobile bills.
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