Ask a CCCS counsellor a question

Jacey53

I start my DMP on 1st March - many thanks to CCCS.

At present I cannot afford to MOT and tax my car so plan to declare a SORN and use the bus/cadge lifts/stay at home. (Luckily I am not travelling so much for work over the next couple of months - but will need the car from May). Am I allowed to save up my allowance for car usage until I can afford it? If so, can I open a savings account with my new bank for this purpose?

I am a poor budgeter so would like to have my "allowance" in several pots - that way i will be able to keep better track of what money i have.

Also i am trying to generate additional funds to pay off my debts (selling my stuff on e-bay etc). I don't want to lose that money in my general spending pot.

Scott78

Hi I have just run through a debt remedy on the cccs website and its given me a monthly payable figure, can I extend the time over which its paid as I got a quote from clearview finance and the payment amount is lower but period of time is longer?

donatello_2

Hi,

I have been on a debt management plan for about 3 years now, with various companies. I have never missed a payment but one creditor has stuck a 'Default Notice' on my file for not sticking to the original agreement. This was put on in 2007. I am in a position now to jointly buy a house with a substancial deposit. I have been told that even when the debt has been settled, the default notice will not be removed, but a note on it saying satisfied - and this is just as bad.

I have seen websits that give suggestions of letters to send to creditors, in the hope they have lost records, so they are forced to remove the default notice.

Is this possible to do this? and will i annoy the creditors? I have only anout 10 months left before all funds are repaid.

Any help would be appreciated

Millie321

Hi this is the first post to in these forums.

We have just dug our heads out of the sands - thanks to the call from the bank warning us to stop spending or lose our accounts!- and realised we are a shameful 40k in debt on credit cards.

My partner and I have 3 children, and have had two incidents of redundancy in the last 8 years and of course 3 lots of maternity leave which has left us with very low incomes each time. We stupidly continued to spend on credit cards and it has spiralled out of control.

We are in the fortunate position that all minimum payments have been kept up with so far, this is the first month that we cannot meet them.

We have received a debt remedy from CCCS and will probably sign up to their lower debt management scheme, which with our current surplus money will take 15 years to pay off. We do expect our income to rise and hopefully reduce that timescale - but still a horrific thought.

We think we have a solution - and that is to sell our home, buying a cheaper home which would release enough cash to pay off all our debts. But I am scared that because we can no longer afford our minimum repayments, we will have too poor a credit rating when the time comes to get a new mortgage.
I need to enquire with our mortgage company if we can transfer the existing one to the new address - does anyone know if this is usually possible? If so do the review income and credit rating?

I know that CCCS have a standard letter to send to banks, letting them know that we plan to sell, so i will definitely use cccs to help us deal with this.

could really do with support and here from others who have done similar,

one extremely worried couple.

murata

I have debt on three credit cards.
Should I re-mortgage or balance transfer to consolidate the debt?

thepedestrian

Hi CCCS have managed to squeezw a letter from Mercers stating they will except my Full And Final settlement - but it makes no mention of them not selling remainder of debt on to a third party - do you think its possible that they might do this - or should I ask for a revised letter in case ?

many thanks

queen_of_the_valley

hello all, hoping for some advice. i am about 4 years into my DMP with CCCS and about another 4 years to go :-(.

2 or 3 of my debts are due to finish in about May, but according to the statements I am getting from the debt collection agencies who are getting my payments I owe a couple of hundred pounds more than on my CCCS statement. What do I do about this? do I continue paying these creditors the difference when the CCCS amount has been paid? I am a bit worried that once the CCCS balance goes to 0 on these 2 debts that the remainder is going to come back and haunt me.

Any advice greatly received, thanks

workinonit

you can update the outstanding balances via your log in on the cccs website.

gobsy

hi wonder if you can hellp me i am currently with a debt management company gregory pennington, i have been with them for about a yr now, just recently i realised that i am paying them £360 a yr to have them help pay my debts... i no longer want to be with them as i dont seem to be getting anywhere at all debt doesnt seem to be going down at all, can i stop my agreement with them and take back the debt to re-pay myself (in better finacial situation with regular income to be paying this off woth out there 'help') or change over to a free debt management company

hope you can help
thank you

CCCS_Sarah

HardWorkingMum wrote: »

Hi,

I am due to start the DMP on 1st March (with CCCS), and have been to Barclays to open a basic account... however this takes 2 weeks as it is processed at Head Office and because it is a basic account they don't offer the usual transfer of DD / SOs so I will have to do all of this manually. Therefore I am still going to have Febs wages paid into my normal HSBC Account where all my DDs ars as I won't have a chance to get them moved over in time.

As a result, I don't want to send the letters out to my creditors yet, in case they just take whatever is available in my account (which isn't much, but I use my overdraft to live on!)

On the plus side, I have been having a dispute with the Child Tax Credits office, and they finally agreed I was right and paid me c. £1500 and agreed that we will get £50 a week (this seems like a lot!) in future.:j Again I can't give them the details of the new account yet as they haven't arrived! To be on the safe side I have transferred the lump sum (£1500) into my A&L account which only has a £500 overdraft, but no DDs etc so I know I can get to it. This leaves me in the same situation with them... not sending them the letter yet incase they decide to keep it!!! At the moment I am just taking out £200 per day until I have all the cash at home... this might seem a bit drastic, but I want to pay back my parents £500 because they have helped us so much recently. I want to spend some... a new pair of much needed shoes for my son, a couple of hew shirts for work. Nothing extravagant, just basics that we have deprived ourselves of for so long. And I want to keep the other £500 for car servicing, emergencies!

Would I just be better off contacting the CCCS and suggesting we start the DMP from 1st April instead? then the tax credit £ would tide us over and cover the difference for 1 month and it would give me a chance to move all the stuff to the new account when it arrives?

I don't want to delay it, but have a feeling that both HSBC and A&L are likely to kick up a stink when they get the DMP notices after they have just seen £1500 go through the accounts and straight out again!!!

Any advice / thoughts welcome.

Thanks, Mel

Hi Mel,

I would recommend that you call out client support department as they will have access to your account.

Sarah