Ask a CCCS counsellor a question

grazyme

Thanyou I rec'd another letter from capital one today giving me 14days to send proof income and bank statements in order to set up a plan(which i already had under previous fee paying dmp) any suggestions as to how to reply or proceed .Was thinking maybe just send proof if income and not bank statements but not sure if i should or not.

Rivapepsi

Hi there

My partner and I currently have debts between us of about £75,000 including £6500 arrears on our mortgage. Most of our creditors are being paid off between £1 and £4 per month and 2 have a charge on the land. We have negative equity on our house because of this. We are both self employed and we have 3 young children. Most of the creditors are now hassling for increased payments and we cannot see a light at the end of the tunnel so my question is can we set up an IVA if we are self-employed?

Thanks in advance.

Enigma007

Hello,

My father will be 65 in March and has recently told us about his severe debt. I was surprised as I was unaware he had any loans/credit cards. Anyway, he has been in touch with CCS and been advised to write to his creditors and offer a token payment of £1 which I will be doing for him - however he has just found out that he has been paying PPI on his Capital One credit card since 2001. Capital One have sent him a copy of the application form which shows that he ticked the PPI cover box (although the tick looks suspiciously different to my father's handwriting) nonetheless a) he was unaware that he had PPI, b) he suffered from a stroke in 2003 and stopped working but was unaware he even had this insurance that would possibly pay his debt, c) the FSA only started governing Capital One in 2005 - 4 years after my father took out the agreement. My question is therefore, what can he do? In one month the PPI cover will end (as he will turn 65) but as his stroke was in 2003 - would the PPI still cover him? Or should he pursue misselling - even though it was back in 2001?

kaths101

Hi, I have had a letter and forms from CCCS to start my DMP, On one of the forms it says the DMP will start from 'Month' Will my DMP start February or March? I cant see they will have everything through by the 1st of Feb?? but that is what I put on the form for the creditors?

efcuk1_2

My Salary is £1480 per month. My monthly outgoings are:

£320 - Loan
£200 - Mastercard
£200 - Visa Card
£400 - Rent
£80 - Petrol
£150 - Car Finance
£40 - Car Insurance
£40 - Mobile Phone
£10 - Catalogue

Iam basically left with £40 per month to spend on myself.

Would i qualify for a Debt Management plan? What exactly is this? I only got the finance on my car 2 months ago, and could really do without that being repossesed. How long have i had to have the debt for before it can be included? I really need the car for work. Would the debt management plan consolidate my credit cards and loans? If my car would be repossesed, is there a chance i could not mention this to the debt plan? Do you know any companies i could ask about? Thanks very much for any help anyone can give. Mark.

welshangel

Hello

I am a brand new poster here, but have been following you for ages and am amazed at some of the people here.

I thought I would ask a little advice, I am going to do a SOA at some point for a little pointer her, but for starters, I am going to arrange an agreement with Payplan in teh next few days, but don't want to move banks at the moment as I am not sure that I can get an account elsewhere with my credit rating.

I have 3 cards with my bank, so obviously with not moving, I am not wanting to put these on the credit arrangement. I have £1600 on one, and was wondering if it would be a good idea to put £1000 of this over on to the egg which I am putting into the agreement.

Do you think this would work or am I just being daft?

Cheers
R

luce181

Hi I've got a bit of a problem,

I tried to switch my bank acc over to alliance and leicester last year.
They said they would deal with all the DD's and getting my wages transferred and they were also offering to match any overdraft.

Well, it all went through successfully or so I thought...
The month when it was all supposed to change over, they didn't actually get my wages transferred, nor did they give me an overdraft.
A&L didn't get in touch, the first I knew about this was when my I got letters from various companies saying that my DD had been returned.

So I then discovered that my wages had been paid into my old bank (Abbey) so I paid the DD's myself.
I then decided that as A&L were not going to give me an OD I would just stick to Abbey. So I transferred my DD's back to Abbey.
However, without me knowing A&L had paid one of the DD (I can't actually rem which one but it was for £30) Anyway, when I found out about this is they had already added loads of charges on, which I didn't think was fair and told them this.
It all came to head in Oct, when they were threatening further action, so I agreed to pay the initial charges which were about £75. I was due to go on hol in a couple of days, so I sent off a cheque and thought nothing more about it.

Stupidly I didn't check to see whether the money had gone out, anyway
over Xmas they sent a couple of letters but I didn't really take much notice but now I've got a letter saying that they are taking me to court over a balance of £450 :eek:

I phoned up the debt recovery and they said they will accept a payment of half now and half next month, and basically that there's nothing I can do unless I want to go to court.
I feel so stupid and just don't know what to do, I can't afford to pay that much money, is there anything I can do??

TIA
P.s sorry for the essay!

CCCS_Sarah

Sarah2490 wrote: »

Hi,

I have just done the online remedy and set the balls rolling to get a DMP set up with you.

I am going to apply for a basic bank account asap. I have been looking at taking a Barclays Card Cash account or a Co-operative Bank Cashminder but these both advertise you get a debit card. Is this ok? I thought I had ready somewhere that you only get a cash card or you can only have a cash card

Also how long will it take for my pack to arrive and how do I make goodwill payments to the companies I can not afford to pay in full this month?

Thank you so much for taking your time to help

Hi Sarah,

Thank you for your message.

It usually takes a couple of days for your pack to arrive. I have attached a link to a booklet that explains about basic accounts and the different facilities each bank offers.

http://www.moneymadeclear.fsa.gov.uk/pdfs/bank_accounts.pdf

When you receive your pack there will be a letter called “notification of debt management plan” you will just need to send this to your creditors with a token payment for this month.

Hope this helps and good luck with your DMP.

Sarah

CCCS_Sarah

JaneyD wrote: »

I have 3 catalogues, my husbands has always worked up until a year ago when he was made unemployed.
I wrote to all of them explaining that I was struggling and could I reduce my payments, 2 of them couldnt have been more helpful, theyve frozen late payment charges and reduced my minimum payment amounts, but one (Littlewoods) has said that all they can offer me is basically debt collection (for which I will be billed an admin charge) or what amounts to a loan which will ad further interest to the catalogue.
I should be in a position to clear most of my bill by the end of March.
This is really worrying me. My last statement said with charges my minimum payment was £93 of which Ive paid £10.

Hi JaneyD,

Thank you for your message.

Just pay them what you can by a standing order or payment book rather than direct debit. You could put together a detailed budget so they can see your incomings and outgoings. If this is only a temporary situation, once your income increases you could make over payments to bring the account.

If the debt is passed to a collection agency, this is very common and nothing to be worried about – you would just need make your payments to the collection agency.

Hope this helps
Sarah

duffy123

Hi there, a few years ago i was in debt with my bank (bank loan and cedit card £10,000) and could not afford the repayments so they put me on a management plan. Every month i pay £122 and at the start £92 of this was debit interest(sept 2008) now its £48 (dec 2009) is there any way of changing companies that will offer me a better deal as the debt seems to be going down very slowly?