My first post so be gentle with me!!
My business collapsed forcing me to totally reconsider the way we spent/saved. Personal debts of around £100k!!!!
The CAB are the only place to go to:T
Make sure you speak to the money advice team and not just an "ordinary" advisor. We are making token payments to card companies and DCA`s to be reviewed 6 monthly. We fully expect to be able to write off a large proportion of the outstanding balances in about 5 years. As for F+F it will be a long time before we are in a position to have saved enough to be able to offer. I would prefer to have them written off !!
My credit rating is shot to bits already but , to be honest ,I prefer paying cash for everything - I also get a better deal in a lot of cases.
WHO NEEDS CREDIT ??:beer:
Has anyone had any success of just out-of-the-blue offering a Full & Final Payment to their creditors, rather than a collection agency?
What are my chances? Anyone know?
New plans have just been announced by the Government
DON'T assume your landlord covers you
Incl £2ish sun cream & £1.50 disposable BBQs