Ask a CCCS counsellor a question

nataz

CCCS_Sue wrote: »

Hi nataz and thank you for your message

You need to send a copy of the ‘Notification of DMP’ letter to each of your creditors, along with a token offer as a goodwill gesture until your plan is set up.
It is better to have all your money transferred into your new bank account before sending your current bank the letter, but you can offer a token payment for the credit card. If you try and make the full minimum payment on the card, it could leave you short to pay your priority bills.
The DMP normally starts on the first of the month. As I do not have information regarding your account, I cannot say which month this will be, but it is normally after we have received all your details and the new account is set up.
I would recommend that you call our client support team if you are not sure.

We would need to know of any savings or assets you have in your name.

Regards
Sue

What about savings for young children where I am trustee (both kids are under 5)? DO I have to declare these? Sorry if it obvious, just hate to think someone might come along and ask for their money.

MissBrokeandnotfixingit

Hi,

I've been on a DMP since March 09 - all creditors informed and a back up letter sent via recorded delivery to be extra safe at the time. HSBC are now getting in touch with me saying that they do not accept the payments and that they are not sufficient. They have asked me to contact their Financial Guidance Team. I informed them that I am on a DMP with cccs and will take advice from them and be doing all communications with their advice. I am concerned though about them hassling me. I have explained that I am paying what I can afford at the moment and offered to send them my cccs budget which was revised in August. I'm planning on contacting cccs directly but thought I would post here to alleviate my worries tonight! Any advice? Is there anything else I should be doing?
BTW despite my sign in name I am now broke and fixing it, but don't know how to change the name!

Wishing2BDebtFree

Ok...here goes!

My hubby and are around £80,000 in debt. We have spoken before re IVA's but because we can pay our monthly payments this is not possible, however the reason we just about manage to meet our repayments is because we a re renting our house from a relative at a really reduced rent .....this won't last forever and we are left with hardly anything to live on at the end of each month. One of our loans is over 30 years as is was attached to our mortgage, I just can't ever see our debt coming to an end, we'll never be able to save to buy a house and I really don't know where to go now.

Have considered bancruptcy but don't have a clue about how that work and worried we won't get a mortgage. Only assets we have are our cars and we can't be without them for work. Just really can't see a light at the end of the tunnel, desperately need help so we can focus on enjoying our lives rather than having a panic every time we have to spend money.

Anyone....please?

munchkin1984

hi guys,

just wondering if anyone could offer some advice

i got 2 loans while with my ex partner, both with lloyds tsb. one is a joint loan and the other is a sole loan together they total £10,000
when me and my partner split 3 years ago it was agreed that we would both still pay our fair share as time has gone on things have got messy and to cut a long story short ....after many excuses and lots of lies my ex has stopped payin towards it, and now im left with all this debt plus a whole lot of interest which has been added, i have agreed a payment plan with the bank that i can afford on my own! but i was just wondering if anyone knows wether i have any options as to wether i can make my ex pay...or if iam just left with this debt on my own! the bank say it is not possible for them to split the loan so we both pay half as it has to stay joint....i just feel as though where ever i turn i hit a brick wall

any help greatly appreciated


thanks

fermi

Wishing2BDebtFree wrote: »

Ok...here goes!

My hubby and are around £80,000 in debt. We have spoken before re IVA's but because we can pay our monthly payments this is not possible, however the reason we just about manage to meet our repayments is because we a re renting our house from a relative at a really reduced rent .....this won't last forever and we are left with hardly anything to live on at the end of each month. One of our loans is over 30 years as is was attached to our mortgage, I just can't ever see our debt coming to an end, we'll never be able to save to buy a house and I really don't know where to go now.

Have considered bancruptcy but don't have a clue about how that work and worried we won't get a mortgage. Only assets we have are our cars and we can't be without them for work. Just really can't see a light at the end of the tunnel, desperately need help so we can focus on enjoying our lives rather than having a panic every time we have to spend money.

Anyone....please?

Hi Wishing2BDebtFree.

While you wait, it would probably be a good idea to post your situation in a new thread on the main Debt-Free Wannabe board.

Maybe with a Statement of Affairs so that people can see what you situation and make suggestions for a way forward?

SOA template here: http://www.makesenseofcards.com/soacalc.html

If you have questions on bankruptcy, there is also the Bankruptcy & Living With It board here on MSE where you can ask any questions you have about that. You don't necessarily lose things like cars if they are essential for work (depends on value).

Future mortgages are always a bit tricky if you have had debt problems, but if your debt repayments are much less then you may well be able to rent somewhere at a more 'market' rate at least if/when you can't stay when you are.

Also have a good look through Martin's main article.

Debt Problems: What to do & where to get help

Hopefully CCCS will be along soon with some input.

fermi

munchkin1984 wrote: »

hi guys,

just wondering if anyone could offer some advice

i got 2 loans while with my ex partner, both with lloyds tsb. one is a joint loan and the other is a sole loan together they total £10,000
when me and my partner split 3 years ago it was agreed that we would both still pay our fair share as time has gone on things have got messy and to cut a long story short ....after many excuses and lots of lies my ex has stopped payin towards it, and now im left with all this debt plus a whole lot of interest which has been added, i have agreed a payment plan with the bank that i can afford on my own! but i was just wondering if anyone knows wether i have any options as to wether i can make my ex pay...or if iam just left with this debt on my own! the bank say it is not possible for them to split the loan so we both pay half as it has to stay joint....i just feel as though where ever i turn i hit a brick wall

any help greatly appreciated


thanks

With joint loans you are both legally liable for 100% of it.

See: Joint & Several Liability.

In other words the bank case chase either of you for payment of the full amount. In practice they will just go after the easier target. Unfortunately, in this case, you.

Not really any way to force him to pay I'm afraid. :undecided

munchkin1984

ok i was hoping you wasnt gonna say that lol...

thanks for your help

CCCS_Sue

Gerbil76 wrote: »

Hi there, was hoping you could help. I took out a credit agreement with GMAC when i bought my car in May 2008. Following my redundancy in march last year, I have still managed to keep up my monthly payment of £351 each month. As I have still not managed to find a job, paying this amount back each month is going to be impossible come the end of Jan. I spoke to a debt management helpline and was advised that I could make a £1 monthly payment to them. If i did this would it affect my credit rating? I have made sure I have continued to pay all my debts and I know i will be coming into some money to pay off these debts (but have no idea when), so I didnt want to do something that would affect my credit rating going forward. Any advice welcome. Jo

Hi Jo and thank you for your message

I have attached a link to a booklet called ‘Credit Explained’ which explains in more detail how your credit file works.
click here

I have also attached a link from ‘moneysavingexpert’ which also gives you lots of information on credit files and how they work , which you may find useful.
http://www.moneysavingexpert.com/loans/credit-rating-credit-score

Are you paying a fee to the debt management company ? If so, it would be advisable to look at making the token payments yourself, or getting help from a non fee charging charity such as National Debtline, CAB, or CCCS.

If you would like to speak to one of our counsellors about your situation,you can ring for an appointment on 0800 138 1111

Lines are open Monday to Friday 08:00-20:00. It would be helpful that when you call you have details ready regarding your income, expenditure and creditors, as this can help speed up the referral process. If you have this information ready it may be possible to refer you directly to a counsellor if one is available, otherwise we will arrange a time that is convenient for you to be called back for an appointment.

Alternatively you can visit our online debt advice facility called Debt Remedy. Debt Remedy would assist you in completing a financial statement and you would be provided with tailored advice on the best way to deal with your situation. This link will take you directly to Debt Remedy www.cccs.co.uk/ref/drcu

Regards,
Sue

CCCS_Sue

ladyhawke wrote: »

Dear Sarah

May I ask you a question?

I set up payment plans with all my credit cards (approx £75K total debt)after receiving CCCS's fantastic advice. I had spent years before this, often contemplating suicide, about my credit card debts. Luckily I have no
other debts than these and nothing is a 'secured' debt.

I have been paying on time as agreed for 6 months now. All the cards applied a default notice except the Co-op who continued to apply interest over this 6 month period - and have only just agreed to stop. They say they were allowed to do this (FSA rules) and refuse to refund any of the interest applied during this period, even though I have said I will write to the ombudsman.

I now have another major problem.
My elderly mother has lived with me since my father died - and I am her main carer. This was all explained in my original letters to the card companies, when I had to complete the budget sheet.

She has now had a stroke and is getting progressively worse - and has an assessment booked with a dementia specialist. This will mean that I will have to seriously reduce my working hours and I will be unable to stay in my current job because of its demands on my time and I will have to move to another less demanding post in the same company - which the company has agreed I can do. So my salary is going to be SERIOUSLY reduced. I reckon I will be lucky if I can manage a quarter of what I am paying. Payments range between £75 lowest - £140 highest.

What should I do?

Hi Ladyhawke and thank you for your message
.
I would recommend that you call us for an appointment to review your situation so that we can look at your options again.
At the end of the day, you cannot pay money you do not have.
To book an appointment with one of our trained counsellors you would need to contact our helpline free on 0800 138 1111. Lines are open Monday to Friday 08:00-20:00. It would be helpful that when you call you have details ready regarding your income, expenditure and creditors, as this can help speed up the referral process. If you have this information ready it may be possible to refer you directly to a counsellor if one is available, otherwise we will arrange a time that is convenient for you to be called back for an appointment.
Alternatively you can visit our online debt advice facility called Debt Remedy. Debt Remedy would assist you in completing a financial statement and you would be provided with tailored advice on the best way to deal with your situation. This link will take you directly to Debt Remedy www.cccs.co.uk/ref/drcu
Regards,
Sue

CCCS_Sue

pipecleaner wrote: »

Sorry I am new to the site and have just joined, I thought I would share with everyone the great news. My Brother-Inlaw informed me last night that his bank has written off £8000 from his credit card.
The process took around 14 months but he got there in the end, it can be done :T

Shame on the Banks!!

Hi Pipecleaner

Thanks for sharing this.............

That's great news!
:j

Regards
Sue