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  • FIRST POST
    • Marcus3344
    • By Marcus3344 6th Jan 18, 4:02 PM
    • 5Posts
    • 0Thanks
    Marcus3344
    Step Change advice
    • #1
    • 6th Jan 18, 4:02 PM
    Step Change advice 6th Jan 18 at 4:02 PM
    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....,
Page 1
    • -taff
    • By -taff 6th Jan 18, 4:07 PM
    • 7,335 Posts
    • 5,391 Thanks
    -taff
    • #2
    • 6th Jan 18, 4:07 PM
    • #2
    • 6th Jan 18, 4:07 PM
    Give them a ring and tell them about your change in circumstances.
    • Marcus3344
    • By Marcus3344 6th Jan 18, 4:19 PM
    • 5 Posts
    • 0 Thanks
    Marcus3344
    • #3
    • 6th Jan 18, 4:19 PM
    • #3
    • 6th Jan 18, 4:19 PM
    Thanks for the reply.
    I am concerned that if I do that my budget will show a negative figure to be able to pay our debtors any amount ....
    • Arleen
    • By Arleen 6th Jan 18, 4:58 PM
    • 1,116 Posts
    • 841 Thanks
    Arleen
    • #4
    • 6th Jan 18, 4:58 PM
    • #4
    • 6th Jan 18, 4:58 PM
    Thanks for the reply.
    I am concerned that if I do that my budget will show a negative figure to be able to pay our debtors any amount ....
    Originally posted by Marcus3344
    That indeed seems to be the case, and it has to be addressed one way or another, step change will be in best position to advise about it.
    • sourcrates
    • By sourcrates 6th Jan 18, 6:22 PM
    • 13,096 Posts
    • 12,397 Thanks
    sourcrates
    • #5
    • 6th Jan 18, 6:22 PM
    • #5
    • 6th Jan 18, 6:22 PM
    Thanks for the reply.
    I am concerned that if I do that my budget will show a negative figure to be able to pay our debtors any amount ....
    Originally posted by Marcus3344
    Hi,

    How much do you owe and to who ?

    Homeowner or not ?

    If your unemployed would a debt relief order or bankrupcy be more appropriate ?

    If you have no income, you should not be making any payments, creditors canít take what you donít have can they.

    Tell stepchange and write to each creditor as well, they will then hold any further action.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
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