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  • FIRST POST
    • MSE Andrea
    • By MSE Andrea 5th Nov 12, 5:42 PM
    • 7,905Posts
    • 19,721Thanks
    MSE Andrea
    Struggling with debt? Ask a debt advisor a question
    • #1
    • 5th Nov 12, 5:42 PM
    Struggling with debt? Ask a debt advisor a question 5th Nov 12 at 5:42 PM
    MSE Update 18 November 2016

    Hi everyone! After four years on this discussion we've started a new one to keep it fresh and so you can see the latest information.

    Please use the new discussion to ask your questions.

    Back to the original discussion:

    -----

    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’re a friendly bunch so please don’t be shy!

    There are three ways to get in touch:

    1 - Simply post your question below and Richard, Allen, Rachael, Linsi or Kirsty 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 – 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).

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



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

    If you haven’t already, join the forum to reply!
    This Forum tip was included in MoneySavingExpert.com's weekly email!
    Last edited by MSE Andrea; 18-11-2016 at 1:10 PM.

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Page 165
    • StepChange Private Messages
      Verified User verified user
    • By StepChange Private Messages Verified User verified user 18th Oct 16, 9:13 AM
    • 103 Posts
    • 110 Thanks
    StepChange Private Messages
    I'm writing to see if my sister-in-law can get any help. She had agreed to be a guarantor for her son when he took out some loans. All was going well and he had just started a new job, when he was admitted to hospital with a brain tumour, which because of other complications, cannot be operated on until he is well enough to survive the operation. We dont know how long he will be in hospital for, or how long his recovery would be. His new employer sent him a text in hospital ending his employment for not being fit to work. His mother is self-employed but not bringing any money in because she is by his hospital bedside daily. In the meantime, she is worried how she is going to pay his loans payments each month. She does have a boyfriend who lives with her, but I dont know if he is named on the mortgage or even if thats relevant. Is there anything that she can do to get through these months, and hopefully something that wont destroy her credit rating as she needs to change her mortgage lender at some point soon?
    Originally posted by jt225
    Hi there,

    Thanks for your message. So sorry to hear of your sister-in-law's son's health. I hope he gets well soon. We can help with the debts though. I'll explain how.

    Just to explain, your sister-in-law's credit rating can be affected by the guarantor loans. As a guarantor she is liable for the loans if they go unpaid. If the contractual payments aren't met she could get a default notice on her credit file as a result.

    The actions she can take will largely depend on what she can afford to pay. But it is worth explaining the situaiton to the loan companies as they may be willing to offer a period of grace to help with the situaiton. There's no guarentee of this and they may well refuse. Even if they agree to give some time there's no set period that this will be. They could still issue a defualt during this time too. it will just be up to the companies to decide how they respond.

    Without knowing more about your sister-in-laws finanicial situaiton it's hard to give any further advice. Is her boyfriend in a position to help? Him being named on the mortgage is not relevant as far as these loans are concerned, but it is relevant in the grander scheme of things. As your sister-in-law is not able to work at the moment, she needs to make sure that her priorities, especially her mortgage, do not go unpaid as she could risk losing her home.

    I would suggest that she uses our advice service to work out what she can afford and what options she has available to her. You can do this for her with her permission as I understand that she may not feel up to it. There's two ways to get advice from us:

    Use our Debt Remedy tool on our website. This self-help tool allows you to build a budget in your own time before providing advice on how to deal with the debts.

    Call our Helpline and speak with an advisor. They will make the budget for you and then explain your options also. All our contact details are available here.

    I hope this helps and wishing a speedy recovery.

    Take care
    Richard
    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.
    • SomeGuyUpNorth
    • By SomeGuyUpNorth 19th Oct 16, 8:59 PM
    • 1 Posts
    • 0 Thanks
    SomeGuyUpNorth
    Threatened with a DEA for 7 year old "housing benefit overpayment"
    As the above says, I got a letter through the door today from the council saying if I don't pay them 900 and odd quid from an overpayment in 2009, they are going to set up a DEA and take it from my wages.

    What are my rights here? And is there any chance of getting it written off? I'm in no position to pay this as I'm working a minimum wage job, living on my own, and struggling to make ends meet as it is.

    I almost feel like getting sacked and just going on benefits and let them take the money from those, because I'd be no worse off financially if they go ahead with the DEA and take 12% or whatever it is a month from me.
    • Alwaysintrouble
    • By Alwaysintrouble 19th Oct 16, 10:50 PM
    • 1 Posts
    • 0 Thanks
    Alwaysintrouble
    CCJ / IVA Help
    I wont bore you with my marriage problems but I rarely get to see any post due to anything resembling a debt is thrown away or shredded before i get to see it. However Ive been trying to rebuild our credit rating and recently discovered we've been given a ccj for £20,000 This must go back a fair few years and has obviously been sold on to a large well known Solicitors and debt collection company.
    As I only found it because i subscribe to a credit reference agency you guys recommend, I have contacted the court with a N244 form and paid the £250 to have the judgement set aside so I can be there in person.
    I contacted a financial advisor who said go for an IVA rather than bankruptcy.
    However ive just read on here that on average an IVA gives the company 20p in the pound that means theyd get £4000 approx. But the IVA costs between £5-7000!
    Would it be worth asking the company if theyd just accept the £5000 in one lump sum (I can get it off family memebers) or wait for it to go back to court?
    Which the financial advisor laughed at and said theyd rip me to shreds and have about another thousand pounds worth of costs added on
  • StepChange_Rachael
    Hi

    Welcome to the forum and thanks for your post.

    I’m sorry to hear this debt’s causing you to worry. I can see how it’d be a stressful situation for you.

    When a debt isn’t being repaid then after a certain amount of time the council could look at taking the payment directly from your income as a direct earnings attachment (DEA) if they feel this is the only way they can secure its repayment.

    If they have only mentioned they might look at a DEA but haven’t gone ahead with it then letting them know you're getting debt advice and help might stop them going ahead.

    There are many ways to deal with problem debt but it’s important the advice is right for you and your situation.

    We can advise you of your options going forward in dealing with this debt and any other debt.
    Our advice is free and impartial and you can find our contact details here.

    I hope this helps.

    Rachael



    As the above says, I got a letter through the door today from the council saying if I don't pay them 900 and odd quid from an overpayment in 2009, they are going to set up a DEA and take it from my wages.

    What are my rights here? And is there any chance of getting it written off? I'm in no position to pay this as I'm working a minimum wage job, living on my own, and struggling to make ends meet as it is.

    I almost feel like getting sacked and just going on benefits and let them take the money from those, because I'd be no worse off financially if they go ahead with the DEA and take 12% or whatever it is a month from me.
    Originally posted by SomeGuyUpNorth
    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_Rachael
    Hi

    Thanks for your post and welcome to the forum.

    With an individual voluntary arrangement (IVA) there are fees involved as a practitioner oversees the IVA. These are normally taken from your monthly payments or if a lump sum IVA from the lump sum so there’s no added cost to the individual. However some creditors add further charges on for their services. So the added charges mentioned could be these.

    With an IVA it’s important to include all your debts as any left out could cause implications further down the line. You’ve not mentioned if your credit file brought up any further debt or not.

    Lump sum offers are an option for some depending on a person’s situation. However it’s important that the lump sum would be split fairly between all creditors as an offer of payment and the agreement is in writing.

    This is because if one creditor full and finally settles a debt with a lump sum offer but there are other creditors that aren’t receiving payments they may see this as preferential treatment and be more likely to take their debt down the county court route as well.

    I’m not sure who you’ve spoken with or how far you’ve gone with any solutions advice but I’d suggest getting further advice on all the options available to you before making a decision as there isn’t enough information here for me to recommend a best route for you.

    If you’d like some further advice we can help. It’s always useful to know all your options and our advice is free and impartial.

    You can find our contact details here.

    Thanks
    Rachael




    I wont bore you with my marriage problems but I rarely get to see any post due to anything resembling a debt is thrown away or shredded before i get to see it. However Ive been trying to rebuild our credit rating and recently discovered we've been given a ccj for £20,000 This must go back a fair few years and has obviously been sold on to a large well known Solicitors and debt collection company.
    As I only found it because i subscribe to a credit reference agency you guys recommend, I have contacted the court with a N244 form and paid the £250 to have the judgement set aside so I can be there in person.
    I contacted a financial advisor who said go for an IVA rather than bankruptcy.
    However ive just read on here that on average an IVA gives the company 20p in the pound that means theyd get £4000 approx. But the IVA costs between £5-7000!
    Would it be worth asking the company if theyd just accept the £5000 in one lump sum (I can get it off family memebers) or wait for it to go back to court?
    Which the financial advisor laughed at and said theyd rip me to shreds and have about another thousand pounds worth of costs added on
    Originally posted by Alwaysintrouble
    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.
    • PoisonGirlSasa
    • By PoisonGirlSasa 20th Oct 16, 6:08 PM
    • 5 Posts
    • 2 Thanks
    PoisonGirlSasa
    Help - Do I Pay Off Loan Early?
    I am looking for your professional advice please? I have a loan which has £878.78 outstanding. Due to illness I wasn't making full payments for some of the loan term and whilst the repayments are now up to date and I am paying extra where I can each month the loan is now over it's term. I received a refund of solicitors fees this month totalling £576.05 which was an unexpected surprise. Do I use this extra money with some overtime hours this month to pay off this loan - total due would be £1026.78 due to legal fees? This would leave me in my £200 overdraft (I'd be using every penny on bills and bare minimum) for the next couple of months and things would be tight but I would be 1 loan down and wouldn't have to pay out £300.00 each month.

    Or, do I keep the £576.05 to keep me out of my constant overdraft and continue to pay the £300 loan repayment each month until it is fully paid off?

    I honestly, don't know what's best to do. I am not aware of the interest rate as I type this and don't know if it is better to continue to use my overdraft and clear the loan or vice versa.

    Please help I am so keen to be debt free! Thank you in advance.
    • Jojo1398
    • By Jojo1398 20th Oct 16, 10:58 PM
    • 1 Posts
    • 0 Thanks
    Jojo1398
    Struggling with iva is bankruptcy a good idea
    Hi im new to all this but here we go iv been paying into a iva for 2 years now i work full time with 2 children and it's been a struggle, i have missed payments managed to get into more dept i suffer from depression i do have it under control most the time but things are just getting too much..
    I dont own my own home or car would bankruptcy be the best option any advice would be so helpfull x
  • StepChange_Rachael
    Hi

    Thanks for your post.

    I can understand why you’d be eager to clear the debt as soon as possible with the large monthly payments. However as you’ve mentioned it would leave you in your overdraft then it’d be possibly just moving the debt from one creditor to another and not necessarily resolving the issue, especially if it would cause you to struggle with household bills and general living costs by doing this.

    It’s always the best scenario where the minimum payments can be met and extra paid towards the balance to reduce the repayment time without it impacting payments to your essential living costs.

    If you felt some of the refund could go towards paying a chunk off the loan but without causing you to go into your overdraft it might help alleviate the pressure and still reduce the term length without causing a further debt.

    It’s worth checking the interest rate as this could help determine the best course of action. If there is no charge on your overdraft and you feel you’d be able to realistically repay it back then it could worthwhile choosing that option.

    However, if you have debts other than the loan then it might be worth looking further into your options if repayments are a struggle.

    For tailored debt advice, taking into account your full situation you can use our anonymous online Debt Remedy tool.

    Take care,
    Rachael



    I am looking for your professional advice please? I have a loan which has £878.78 outstanding. Due to illness I wasn't making full payments for some of the loan term and whilst the repayments are now up to date and I am paying extra where I can each month the loan is now over it's term. I received a refund of solicitors fees this month totalling £576.05 which was an unexpected surprise. Do I use this extra money with some overtime hours this month to pay off this loan - total due would be £1026.78 due to legal fees? This would leave me in my £200 overdraft (I'd be using every penny on bills and bare minimum) for the next couple of months and things would be tight but I would be 1 loan down and wouldn't have to pay out £300.00 each month.

    Or, do I keep the £576.05 to keep me out of my constant overdraft and continue to pay the £300 loan repayment each month until it is fully paid off?

    I honestly, don't know what's best to do. I am not aware of the interest rate as I type this and don't know if it is better to continue to use my overdraft and clear the loan or vice versa.

    Please help I am so keen to be debt free! Thank you in advance.
    Originally posted by PoisonGirlSasa
    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_Rachael
    Hi

    Welcome to the forum and thanks for your post.

    With an Individual Voluntary Arrangement (IVA) it’s important that if you find you’re struggling with the terms, to contact the Insolvency Practitioner so you can discuss the issues you have. If you’ve missed payments and have found yourself in further debt it doesn’t sound like the IVA is working in your best interest at the moment or resolving the debt problem.

    With an IVA being legally binding and without knowing more details I wouldn’t be able to advise on other solutions at this time.

    I’d suggest either speaking with your Insolvency Practitioner or the Insolvency Service as they can discuss any concerns you have while you’re still in the IVA.

    If down the line you decide the IVA isn’t right for you and you’re no longer in the IVA then we can offer free and impartial advice and recommendations tailored to you.

    Here is a link to our homepage so you can find out more about debt solutions and what help is available for people with problem debt.

    Take care,
    Rachael





    Hi im new to all this but here we go iv been paying into a iva for 2 years now i work full time with 2 children and it's been a struggle, i have missed payments managed to get into more dept i suffer from depression i do have it under control most the time but things are just getting too much..
    I dont own my own home or car would bankruptcy be the best option any advice would be so helpfull x
    Originally posted by Jojo1398
    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.
    • LMC83
    • By LMC83 26th Oct 16, 12:43 PM
    • 4 Posts
    • 2 Thanks
    LMC83
    DMP advice
    I have been on a DMP for years with my ex husband. We agreed to keep it running jointly whilst the house sold and we properly separated our finances. This took a bit longer than expected so I'm just in a position to get it reviewed and set up an individual one. However, I have moved in with my new partner and all the bills etc are in his name so I just transfer my share to him every month. I don't want him to be included on the DMP as I don't want it affecting his credit rating. Can I carry on with a DMP on these terms or do I have to share his details?
    • sarahb101
    • By sarahb101 26th Oct 16, 6:49 PM
    • 1 Posts
    • 0 Thanks
    sarahb101
    Old debt advice
    Hi, I am looking for a bit of advice. Back in the early 2000s myself and my husband got ourselves into quite a lot of debt which we were managing to pay until our circumstances changed and we suddenly couldn't afford the minimum payments. One of our debts was a personal loan with Natwest for £23,000. The account defaulted in Feb 2011 and we were issued with a CCJ in May 2011. In August 2011 we entered an IVA. Unfortunately the IVA failed long before the term was up. It officially failed in March this year but had defaulted a couple of years before. Since the IVA failed earlier this year we have not been contacted at all for the money we owe to Natwest. I have read that the CCJ is removed from your credit file after 6 years which will be May next year. What happens to the debt at that time? As I say we have had no communication with Natwest since the CCJ was issued in May 2011.
    • Brassduck
    • By Brassduck 26th Oct 16, 8:11 PM
    • 2 Posts
    • 0 Thanks
    Brassduck
    Hi, I hope I am posting in the right place, apologies if not. I'm hoping for some advice and peace of mind around the wording of a debt settlement letter. I have negotiated a settlement of £116 on a Barclays account of £366 which is with Moorcroft. I asked for them to put in writing that this will be a full & final settlement and that I will not be pursued for any more money on this account. They have written…

    "We write to confirm we and our client are prepared to accept £116 as a partial settlement of your account. Provided that payment is made in accordance with this letter, neither we nor our client will take any further steps in relation to recovery of the remaining balance.(Any record on your credit file will be updated to reflect this)."

    I am concerned that this wording still leaves me open to the remaining debt being sold to another DCA for recovery. Am I being over mistrustful here?! Or could this happen. This debt no longer appears on my credit file as the 6 year default lifted in 2015, so I am not concerned about that.
  • StepChange_Rachael
    Hi

    Thanks for your post.

    You wouldn’t need to include your new partner in a solution if you’re not including any of their debts or if they don’t have any debt.

    All you’d need to do is work out what your financial situation is now, your income, your expenditure and your debts. So the advice is accurate and realistic for you.

    Then you can look at sole options for a solution to your debts.

    Thanks
    Rachael


    I have been on a DMP for years with my ex husband. We agreed to keep it running jointly whilst the house sold and we properly separated our finances. This took a bit longer than expected so I'm just in a position to get it reviewed and set up an individual one. However, I have moved in with my new partner and all the bills etc are in his name so I just transfer my share to him every month. I don't want him to be included on the DMP as I don't want it affecting his credit rating. Can I carry on with a DMP on these terms or do I have to share his details?
    Originally posted by LMC83
    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_Rachael
    Hi

    Welcome to the forum and thanks for your post.

    When a debt goes through the court and a county court judgement (CCJ) is set the creditor then has further rights of collection.

    Notes on your credit file normally will come off after 6 years but it doesn’t mean the debt has been cleared. The debt total left will still be outstanding and a creditor can still take further action to reclaim the debt at any point through the court.

    This means the creditor if they decide to, can ask the court to send enforcement agents to reclaim the debt, set an attachment of earnings to take a monthly regular payment from an income. If you have a mortgaged property they could also look to secure the debt as a charging order. This means if the house was sold the debt would be paid from any equity from the sale first.

    To prevent any further action from the creditor once a CCJ has defaulted then the debt would need to be sent back through the court to set an affordable payment arrangement. To do this a N245 form would need to be completed and there is a court fee of £50 for this. It’s possible to apply for help with the fee.

    If you follow this link you’ll find more information on CCJs and a link to the N245 paperwork to download, also how to check if you can get a fee remission.

    If you’d like to look at what options you have to deal with the debt now the IVA has failed we'd be happy to help discuss the best way forward for you.

    You can find our contact details here.

    I Hope this helps.

    Rachael




    Hi, I am looking for a bit of advice. Back in the early 2000s myself and my husband got ourselves into quite a lot of debt which we were managing to pay until our circumstances changed and we suddenly couldn't afford the minimum payments. One of our debts was a personal loan with Natwest for £23,000. The account defaulted in Feb 2011 and we were issued with a CCJ in May 2011. In August 2011 we entered an IVA. Unfortunately the IVA failed long before the term was up. It officially failed in March this year but had defaulted a couple of years before. Since the IVA failed earlier this year we have not been contacted at all for the money we owe to Natwest. I have read that the CCJ is removed from your credit file after 6 years which will be May next year. What happens to the debt at that time? As I say we have had no communication with Natwest since the CCJ was issued in May 2011.
    Originally posted by sarahb101
    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_Rachael
    Hi

    Thanks for your post.

    It certainly sounds to me like the creditor has accepted the partial settlement. I’d always advise anyone looking to partially settle a debt to receive this in writing as you have.

    It sounds to me that by stating ‘neither we nor our client will take any further steps in relation to recover the remaining balance’ that this matter will be settled and the account closed.

    In my understanding ‘further steps ‘to recover the debt would also mean selling the debt on for someone else to collect.

    It’s important to keep the letter safe so you have it to hand in case you need it in the future.
    I hope this helps.

    Thanks
    Rachael


    Hi, I hope I am posting in the right place, apologies if not. I'm hoping for some advice and peace of mind around the wording of a debt settlement letter. I have negotiated a settlement of £116 on a Barclays account of £366 which is with Moorcroft. I asked for them to put in writing that this will be a full & final settlement and that I will not be pursued for any more money on this account. They have written…

    "We write to confirm we and our client are prepared to accept £116 as a partial settlement of your account. Provided that payment is made in accordance with this letter, neither we nor our client will take any further steps in relation to recovery of the remaining balance.(Any record on your credit file will be updated to reflect this)."

    I am concerned that this wording still leaves me open to the remaining debt being sold to another DCA for recovery. Am I being over mistrustful here?! Or could this happen. This debt no longer appears on my credit file as the 6 year default lifted in 2015, so I am not concerned about that.
    Originally posted by Brassduck
    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.
    • onwardsandupwards127
    • By onwardsandupwards127 27th Oct 16, 1:17 PM
    • 32 Posts
    • 9 Thanks
    onwardsandupwards127
    Hi

    I recently posted on here and had some great advice.
    I have debt that has all become statute barred.
    The last payment I made was in 2009 through CCCS. I have not acknowledged any of the debt since I stopped paying, this was advice given to me then.

    About a month ago I received a CCJ form which I responded to as advised on here.
    Today I received a response from that.

    It is titled:

    Notice of proposed allocation to the small claims track.

    It says

    Take notice that...

    1. This is now a defended claim.
    The defendant has filed a defence. (a copy of which is enclosed- typed but then crossed out with pen and nothing extra in envelope)

    2. It appears this case is suitable for allocation to the small claims track.

    If you believe that this track is not the appropriate track for your claim, you must complete box C1 on the small claims directions questionnaire (Form N180) and explain why.

    3. You ,ust by 11th November 2016 complete the small claims directions questionnaire and file it with the court office...(address) and serve copies on all other parties.

    Can someone please help me with this?
    Thank you so much
    • tightrope
    • By tightrope 27th Oct 16, 9:59 PM
    • 1 Posts
    • 0 Thanks
    tightrope
    mounting debt
    Hi

    I hope someone can give me some advice here,

    After having a gorgeous little boy over 2 years ago our family finances have been tumbling down a slippery slope. Between the childcare, rent and living costs we've managed to rack up £56k in all sorts of debts from balance transfers on credit cards to 3 personal loans. We've had a few big expenses that we couldn't do anything about but we're repaying £1100 per month just on debt. After paying all the bills we're basically even, some months we're short and go into our overdraft again or we'd do another balance transfer and so on.

    I've never missed a payment but it is a struggle. Can anyone advise us on how to reduce our monthly repayment so that we can just breathe a little? It does feel like you've got a anaconda wrapped around you. :-/
  • StepChange_Richard
    Hi

    I recently posted on here and had some great advice.
    I have debt that has all become statute barred.
    The last payment I made was in 2009 through CCCS. I have not acknowledged any of the debt since I stopped paying, this was advice given to me then.

    About a month ago I received a CCJ form which I responded to as advised on here.
    Today I received a response from that.

    It is titled:

    Notice of proposed allocation to the small claims track.

    It says

    Take notice that...

    1. This is now a defended claim.
    The defendant has filed a defence. (a copy of which is enclosed- typed but then crossed out with pen and nothing extra in envelope)

    2. It appears this case is suitable for allocation to the small claims track.

    If you believe that this track is not the appropriate track for your claim, you must complete box C1 on the small claims directions questionnaire (Form N180) and explain why.

    3. You ,ust by 11th November 2016 complete the small claims directions questionnaire and file it with the court office...(address) and serve copies on all other parties.

    Can someone please help me with this?
    Thank you so much
    Originally posted by onwardsandupwards127
    Hi there

    Thanks for your message.

    I've seen from another post that you have already had some good advice on this issue. Let us know if you have any further questions and we'll be happy to help.

    Richard
    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_Richard
    Hi

    I hope someone can give me some advice here,

    After having a gorgeous little boy over 2 years ago our family finances have been tumbling down a slippery slope. Between the childcare, rent and living costs we've managed to rack up £56k in all sorts of debts from balance transfers on credit cards to 3 personal loans. We've had a few big expenses that we couldn't do anything about but we're repaying £1100 per month just on debt. After paying all the bills we're basically even, some months we're short and go into our overdraft again or we'd do another balance transfer and so on.

    I've never missed a payment but it is a struggle. Can anyone advise us on how to reduce our monthly repayment so that we can just breathe a little? It does feel like you've got a anaconda wrapped around you. :-/
    Originally posted by tightrope
    Hi

    Thanks for your message and welcome to the site. I'm sorry to hear how these debts are making you feel and I can understand you wanting to get things sorted for your family. We can help. I'll explain how.

    To be able to do give you the best advice we need to make a budget with you that shows us your full financial situation. From this we can work out what options are open to you to help you deal with your debts. We'll then advise you on the best solution available.

    There's two ways to begin this with us:

    You can use our Debt Remedy tool on our website. This is a free selfhelp tool that allows you to build the budget in your own time. The advice will be provided to you once the budget is complete.

    If you'd prefer, you can call our Helpline and speak with one of advisors who will make the budget for you and then explain your advice. All our contact details are available here.

    I hope this helps and we look forward to hearing from you.

    Richard.
    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_Richard
    Hello,

    Having checked my credit file in August for the first time every (silly I appreciate), I found I had a CCJ against my name but from an old address. Naturally, I'm doing all I can to find a way to mitigate the damage from this.

    Having done some digging and looking on credit reports, I've found the following:

    Original default date to Lloyds TSB was 30/11/2011
    I updated my address with Lloyds TSB when I moved house on 6th October 2014.
    This appears satisfied with Lloyds and the debt assigned to 1st Credit on 1st November 2014 (please note, after notifying Lloyds of my change of address.
    Then I get a CCJ to the old address in 2015. Which I obviously didn't know about.

    Is this grounds to have the CCJ set aside based on being able to prove I notified my creditor of a change of address? I'm was in touch with the creditor as soon as I found out about the CCJ to start paying it off which I am now doing.

    Thanks
    Originally posted by Gus1855
    Hi Gus

    Thanks for getting in touch.

    I'm assuming that you have checked that the CCJ is in relation to the debt from Lloyds? Might be worth looking into this if not before applying to set aside and paying the £255 fee. If you're elligible, you can of apply for the fee to be waivered through the EX160 court form.

    You can certainly apply to have the CCJ set aside, but I'm not able to give you legal advice so I can't comment on the success of your case specifically. The court will make a decision based on all the evidence available. The only thing I can say is that generally speaking the court will not always agree that not receiving paperwork is grounds for setting aside a judgement.

    Let us know if you any further quesitons about this or if you need any further help.

    Richard
    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.
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