Ask a CCCS counsellor a question

kstp2002

hi all, can anyone offer advice? I recently found out i do not have an IVA. It was actually an informal arrangement that Spectrum did for me. This ends 8/6/11, but I'm still going to owe money after this date. I spoke to Spectrum to ask for balances for the money i owe, so i could start to pay some final payments. They said they can't tell me unless i have proof i can pay some off (obviously so they can take their cut) Would i not be better off ditching Spectrum and approaching the banks i owe money to myself?

COUSCOUS_3

i am after a little advice. i am currently in about sixty thousand pounds worth of debt and am in the process of selling my house. these are all unsecured credit cards loans etc. i am going to have thirty thousand pounds from the sale of my house and am wandering how, if possible, i can try and make offers to my creditors to get rid of most of my debts. i have been certified indefinitely sick for the past 2 years and, at the moment, this shows no sign of changing, so i am trying to make the most of the money to get rid of as much debt as possible.

any help is really appreciated as at the minute i have no clue what to do.

thanks in advance

moneymouth77

COUSCOUS wrote: »

i am after a little advice. i am currently in about sixty thousand pounds worth of debt and am in the process of selling my house. these are all unsecured credit cards loans etc. i am going to have thirty thousand pounds from the sale of my house and am wandering how, if possible, i can try and make offers to my creditors to get rid of most of my debts. i have been certified indefinitely sick for the past 2 years and, at the moment, this shows no sign of changing, so i am trying to make the most of the money to get rid of as much debt as possible.

any help is really appreciated as at the minute i have no clue what to do.

thanks in advance

Obviously I'm not a financial advisor, but maybe call now and try and get offers for abt twenty-twenty five thousand, you have the extra to fall back on if needed, but that should clear everything if you certify everything with the indefinite sickness. Do you have documentation about the illness, that you can send to your creditors? That would probably help.

credit_card_fool

hello

i'm thinking of going for a dmp, at the moment i've got 4 CC's with £16000 and a couple of loans in my name, £4000. i also have a joint loan with my OH (14000). would i have to include my joint loan into this agreement??? it may sound daft but my wife has no debt and don't want her to suffer.

thanks

SammyB_2

Hi,

Please can you help me with this, I forgot to ask when I was on the phone with the CCCS this morning discussing my impending bancrupcy.

I have two savings accounts set up for my children, I use it when they are given money as gifts from family and friends. They each have aroung £350. Will they lose this when I go bancrupt? The money is not mine, but the accounts are set up in my name for them as they are only 3.

I would hate for them to go without due to my stupidity. Please let me know whether or not the money is safe. If not, am I entitled to withdraw it and keep it until I can set up more accounts for them?

Many thanks, Sam

moneymouth77

Withdraw it and put in in a trusted friend or confiant's name, I'd say. Dunno the legality of that, but it's worth a try, if you go bankrupt they'd probably get swallowed. Wouldn't they?

bobpitbull

Hi,

I've seen people mention on here about making offers to debtors to settle debts... how does this work? I have a debt with Virgin Credit Card at over £11,000 with 29.9% APR... are people saying that it is possible to make Virgin an offer for a proportion of the debt and to just walk away from it?

This would certainly be a better option for me than an IVA - especially if Halifax (who I owe approx £6300 to) would do the same.

Thanks for any advice,
Bob

snowball1473

Please can someone help me? I have a loan debt which has been sold to a Debt collection agency. They are getting quite heavy with me. My partner who I live with now knows nothing of the debt and would kill me if he knew. The debt is a barclay card loan and is for Approx 7 grand. However on the letter it says nearly over eight and a half thousand. I have no income only child benefit and tax credit he pays for everything else. I defaulted in 2006 and nothing happened now I am being hassled by this company. What Can I do. I lost my job and we have three very young children. I have been diagnosed with depression and its getting worse with this and I see my Pscyh regularly and cpn. Please help its driving me to despair and to the brink.

CCCS_Sarah

misscutiepie1984 wrote: »

I need help from a CCCS member of staff.

I joined my dmp back in 2006. I owed barclaycard masterloan £4,000 I have sinced paid back over £3,500 and now owe them £470 or so I thought.

Back in October I received a letter telling me to change my account number and sort code for my payments which I did..... have since found out this was meant to be a reference only and was not an account number or a sort code!

Payments have now started to be returned to myself as they could not link the payments. This has been happening for 6 months nobody telling me there was a problem.

Barclaycard had me in the collections department and I was being charged 21.74% apr on what was already a 23.9% loan with front loaded apr.

They are now saying I owe £2.750.00 or there abouts, When I ring cccs Im told they can't help me and that I need to ring Barclaycard and when I ring Barclaycard im told to ring CCCS.

This has majorly set back my debt free date it seems like it will never end with all these apr and charges.

Hello,

Would you be able to PM me your reference number and name and I will arrange for someone from our client support number to give you a call. It would be difficult for me to make suggestions without seeing your account.

Sarah

CCCS_Sarah

mrstheking wrote: »

I have a querey on an old debt that I need help with - I've tried calling CAB and another place for advice but can never get through - hope you can help.

I've received 3 letters (In my maiden name) for debts over 8yrs old. One of these I have no knowledge of.
Stupidly I agreed a repayment plan for one of the other debts which I thought I did owe before I learned of statue barred and before I spoke to my husband who is convinced the debt had been paid anyway. What can I do?
I've since had letters from them again saying I have made no contact to arrange repayment even though with one I did? With one of the others I asked for proof of the debt as I have no idea what it is.

Will a statue barred letter work for all 3 of these debts or just the 2 I have made no payment on? Does a telephone call count as aknowledging the debt?

Also where do I stand with these being in my maiden name?

Many thanks in advance

Hello,

As long as you have not written admitting the debt or made any payments, it will still be statute barred. I have attached a copy of a letter that you can use to send to the creditor.

Hope this helps!

Example letter – limitations act

From:
Name:
Address:
Postcode:
Date:
CCCS Client No:
To:
Creditor’s Name:
Account/Agreement No:

Without Prejudice

Dear Sirs
Ref
I do not admit any liability for your claim and will not be making any payment towards it, as it is now more than six-years since any cause of action may have accrued. Any claim would, therefore, appear to be statute barred under section 5 of The Limitations Act 1980 and any court claim will be defended on that basis.
In addition section 2.14 of The Office of Fair Trading Collection guidance states that it is unfair to pursue such claims where, as here, the creditor has made no contact during the relevant limitation period.
If, however, you have substantive evidence that your claim is not statute barred then please supply it to me within 21 days. If you are unable to provide such evidence please confirm that no further action will be taken against me.
Yours faithfully
(Signature)
(Print name)