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CCCS_Matthew

katkins2 wrote: »

Hi CCCS coucellors,

We have just set up my DMP with yourselves and are due to make our first payment to you in September. My OH has found out today that he will be expecting a cut in salary of around £250 per month from September. I quite honestly don't know what to do now, our plan is only just set up so I don't want to start changing things as the creditors haven't even had their first payment yet. Hubby is desperately trying to find a second job to try to make up the shortfall but in the current climate, he's not holding out much hope. We don't know at this time what his pay will be and won't know til the end of Sept. I am considering changing our mortgage to interest only for the time being rather than go changing things with the creditors so soon. Can you please advise what I need to do as far as my DMP goes if I change my mortgage over.

Sorry to waffle on, feeling pretty stressed at the moment.

Thanks in advance

Hi there. Sorry to hear about your situation, it's really not come at a good time.

The best thing to do is to give us a call so we can re-evaluate things for you. Please don't try and continue on the DMP as it is now, as you are going to have to find £250 somewhere else within your expenditure. Reducing your mortgage onto an interest only could be a good short term way in which to improve the situation, but it's better to discuss this over the phone with us when we can see all your figures on screen.

Regards,
Matthew.

CCCS_Matthew

GingerUK wrote: »

Hi

I am on a debt management scheme and have been for two years. However, I recently had to lower my monthly payments due to my hours being reduced in work.

Now I have received letters from two debt collection agencies demanding immediate payment for two seperate debts.

Does this mean I am going to court or the bailiffs will be coming? I don't know very much about collection agencies!

Can you please advise?

Thank you. x

No - this doesn't mean the bailiffs are coming! Collection agencies work on behalf of the original creditor to collect the money. If you are on a DMP, you'll need to mention the debt has been passed over to the collection agencies to ensure the DMP provider pay the correct people.

The debt will only go to court if you recieve a blue and white court document through the post (N1 form). This is when the creditor has gone for a CCJ. You won't need to go to court for this, you just make your offer of payment based on what your budget suggests you can afford. A bailiff will only visit if you break the terms of a CCJ.

Hope this helps,
Matthew.

londonfraggle

Hi - I wonder if anyone has any advice for me. I am in the process of getting my DMP rolling. I have quite a number of "cheque" loans, which I am not sure what to do about.

1) Try and negotiate with them directly - but I have heard that they are unlikely to do so - they have my cheques with the guarantee card number so really they know they can get their money. Plus I'm not really sure how to deal with them if I'm honest.

2) As I am not going to be paying the interest on these anymore they are going to start going through my bank account taking me well and truly over my overdraft limit.

3) I have already set up another bank account so the above isn't such an issue in day to day terms BUT...

4) As it will push my debt up MASSIVELY with my bank I'm not sure how this will impact my DMP with them - plus they will be charging me a HUGE amount of interest (there will be approx. 20 cheques going through - each one of £100 - so my overdraft will increase by over £2000 PLUS I will be charged a fee for each one, and overdraft interest - YIKES!).

5) Does anyone know if that bank will continue to charge me EVERY month for this amount over my overdraft. As my salary will no longer be going in there will be no way of reducing this every month. So I am super worried that my debt with this bank is just going to go up and up and up...and up!

Any advice gratefully received. I was feeling so positive yesterday after my appointment with CCCS but sat and thought about this last night and feel a bit sick again.... The CCCS counsellor said that on a DMP you often have to go backwards before you can go forwards, which I totally accept but I am worried that I'm going to be going so far backwards every month with Abbey once these cheques have gone through that I'll never catch up. Plus am worried about the demands they are likely to make about paying it back, court orders, bailiffs, etc etc.

Help please!

Thank you v much.

Fraggle x

GoalieStu

Hi,

I want to apply for an IVA or DMP and I currently run an e-bay shop which means that according to the government I am self employed. I have to do self assesment tax etc. My main income comes from a regular job where I receive a salary. Does this affect the way I have to handle my current situation?

Thanks

Stu

londonfraggle

Hi there - could a lovely CCCS person please give me some advice.

I have just begun my DMP journey - I have received the first email with the budget breakdown and notification template. I haven't yet told all my creditors that I'm going onto a DMP - is this notification letter all I need to send them.

Also - some advice about my bank please. I currently bank with Abbey and have an overdraft with them. I have opened a basic bank account already, and have arranged for my salary to be paid in there from the end of this month (september) onwards. Clearly, once Abbey receive my DMP notification letter I will no longer be able to use my account so my question is - should I hold off sending them the notification letter until all this months priority payments (gas, electricity etc) have gone out of the account? They should all be in a week or so. From October onwards, once my salary goes into my new account I will set all DDs up from there. I'm a bit confused about the order to do things in.

I also wonder what I should do about the notificiation letters to other companies/creditors I have in the same (Santander) group - presumably once any of them know (e.g. Cahoot) my bank will know too.

So - am in a bit of a muddle and would appreciate any advice please.

Thank you very much.

Fraggle x

Ps - I wonder if any of you have had a chance to read my post about payday loans/cheque cashing loans - I would be so grateful for any thoughts on what to do about these as am in a tizz about them.

fishinfrog

Hello, I'm on my DMP and plan to be complete by the end of 2011

I just have a couple of queries;

1) One of my debts has been passed to a Debt Collection Agency who now about my DMP and are happy to continue with it, however, do I need to inform the CCCS that this debt has been transferred

2) Also a couple of my creditors are Halifax Loans who have lumped a number of charges on my account for missing payments ranging from £10 to £70 a time. When they are all paid off is there any likelihood for me being able to reclaim these charges?

Many thanks

ff

Malldo

Hello,

Hopefully I'm in the right place here. My wife has just had her bank card declined at a petrol station, when she got home and phoned the bank, they informed her that her overdraft has been cut by from £1900 to £500 and that she now needs to put another £1000 to avoid any charges for being over her overdarft limit.

She was on a graduates overdraft account with abbey and is a recently qualified teacher, however after all government promises of jobs for teachers, there is no work for her at all (including supply work). They have now said because she is not a student and is not putting regualr transfers into her account they have changed her overdraft limit.

After arguing with them, she has got them to agree to put the limit back to £1400 temporarily, but there are no guarantees how long they will leave it at that level and they have still taken the £400 that she had in her account to pay for bills this month. We may now not be able to pay everything this month and will start to incur charges. We have only just been able to get by on my wages recently & this could seriously damage our ability to meet our financial obligations, especially if we begin to incur charges.

Are they allowed to impose such a severe drop in an overdraft with no warning at all, surely they should have to give you a few months notice at least. Any advice would be appreciated.

Thanks

CASR25

I hope a CCCS councellor can help, I have just filled in a Debt Remedy form and and my husband and i are now seriously considering going with a DMP.

3 questions though that I can not find an answer to on the website.

1. Our mortgage is on a fixed rate until 2011- we don't have any unsecured debt with the company, Nationwide, what will happen when we come to renew if we're on a dmp?

2. I'm about to have a baby and go on maternity leave, my wage will drop in october, but then go back to normal when i return to work, the earliest end of january. My husband sometimes receives commision from his job, could we put that towards my maternity leave and thereafter of the debt? What do the cccs reommend? (Our tax credits will go up then too, but just until the new baby is a year old.)

3. Also, what do we do about my husband's commision that he gets from his job in sales- it's not guarenteed, or a set amount but is included in his final year tax thing? Would we just put them towards extra payments etc - would it be our choice what we did with it. What is possible? His wage goes up with inflation and mine as a teacher goes up every two years - is that what is reviewed yearly, not the tax thing in april or our bank statements?

Thank you so much in advance,
Cx

londonfraggle

Shameless bump of the above question! I hope I'm doing this right! I know that the CCCS is super busy now - have just spent an hour trying to call them. CCCS lovely people - would any of you mind if I pm'd you some of my questions to see if you can perhaps help me?

Thank you all v much in advance.

Fraggle x

karjam

I'm having problems with Calder Financial. About a year ago my husband lost his job and the new one he got didn't pay as much so we reduced all our payments with credit card companies etc. They were all accepted apart from our Barclaycard (via Calder Financial). We kept paying the amount we said we could afford but they continued to send us letters saying it wasn't enough. This has been going on for about a year.

About 7 weeks ago my husband lost his job again (he works in the construction industry!) and has only been receiving jobseeker's allowance. I am working part-time but we're only gettign about £100 per week between us. I've written to all our creditors again explaining the situation and asking them to put it on hold. Even our mortgage company has accepted no payemnts until 1 October 09.

All apart from Calder Financial. They've been ringing me up to three times per day for the last 6 weeks on my mobile phone. I usually don't answer but I answered it two weeks ago. I asked the agent if they had record on their computer of the letter I'd sent them, he said they did. I again explained the situation saying if I couldn't pay my mortgage I certainly couldn't pay them anything. He said he understood but unless I made a payment that day they would take legal actoin. I said fine, you'll have to do that. I asked if he could put a note of that on his computer and stop the calls. He said he couldn't stop the calls because I hadn't made a payment arrangment so it would just go back into the automatic dialling system.

The calls stopped for about a week then last week they started again. Again I ignored them until today. I explained the whole situation again and asked what they wanted. She said to make a payment arrangment. I explained I couldn't and said I'd already stated in writing and verbally that I don't want them ringing me, I only want to correspond in wirting. She said unfortunately becuase I wouldn't make an arrangemnt to pay they couldn't do that.

I'm at my wits end with them, it's really getting me down - I don't know what else to do! Can you give me any advice on how I can stop them ringing? I feel this is harrassment as I've explained the situation in wriiting and verbally twice.

Thanks
Karjam