Debtplans. What are they?

lonelyinlondon

A friend has recently told me she is took a loan out from Natwest years ago of about £15000 altogether. She can't make the payments etc etc is unemployed.... and as you will understand very down. I would just like a few tips on where to direct her for advice. I have been looking around a bit on this site so have a few ideas. How do you get a "Debt plan" ? What or who is CCCJ (or is it CCCS?!). Sorry I don't have any more details abut her but a few tips to gently pass on would be good. Thanks !!!

southernscouser

lonelyinlondon wrote:

A friend has recently told me she is took a loan out from Natwest years ago of about £15000 altogether. She can't make the payments etc etc is unemployed.... and as you will understand very down. I would just like a few tips on where to direct her for advice. I have been looking around a bit on this site so have a few ideas. How do you get a "Debt plan" ? What or who is CCCJ (or is it CCCS?!). Sorry I don't have any more details abut her but a few tips to gently pass on would be good. Thanks !!!

Hi Lonely.

CCJ's and the CCCS couldn't be more different.

A CCJ is a county court judgement. "County Court Judgement is the term for a judgement made against a person or company for debt in the county court. Generally if a CCJ is paid in full within 30 days of the date of the judgement it won’t appear in the credit register. CCJ’s are a matter of public record. They are catalogued and held for 6 years with the Registry Trust. If a judgement is settled after the 30 day period it will be entered into public record and this will affect your credit rating.

The CCCS is the Consumer Credit Counselling Service who are a registered charity. From all accounts they are fantastic.

Regarding your friends situation she should contact the CCCS - http://www.cccs.co.uk/ - or her local Citizens Advice Bereau - http://www.citizensadvice.org.uk/

I'm afraid I can't be of much help as I have no experience in this area but I'm sure other people will be along soon who can help!

rubytwilight

payplan run similarly to CCCS.Website https://www.payplan.com . Both seem to be rated highly on these boards and are not a fee charging companies.
I emilaed payplan and someone contacted me the next day. You then book an appointment with an advisor who runs through your income and expenditure to make up a financial statement to approach the creditor with .
I was given a telephone appointment within a few days.
It is best to approach sooner rather then later as these orgs will try to get the late charges etc stopped.
The person i spoke to was not at all judgmental.
Best of luck to your friend