Ask a CCCS counsellor a question

mandrakeball

Hiya,
Quick question - about to enter a DMP to get my finances under control. At the moment I am renting with my partner and we hope to move and get out of London at some before the end of the summer.

If all goes well and the creditors accept the DMP, hopefully I will avoid CCJ's and my credit score schouldn'y be completely hammered?? Will I still be able to pass the estate agents credit check? Worried sick about it.

Thanks in advance!

Diorama

was cold called on 18th feb. took up finance offer, paid £125 on cr. cd. E mailed co on 24th feb. surely this is within 7 days. and also twice on following day25th. have received letter saying that IU am out of 7 days cooling off period. Surely they are wrong. Feel I have been ripped off by a co. that is supposed to help you get out of difficulties. the reason I can celled was because I wanted to read through paper work, which I received on 24th. Felt pressured by this co. Have just phoned and not had call back yet. dont this will happen. Help appreciated. Co name is Sterling Green.

CCCS_Sue

scouselad1974 wrote: »

I have an account on my DMP that has a balance of £25, this creditor receives £5 per month from my DMP, would it be possible for me to pay this off in full now, as I have earned a little extra this month, or will I be in trouble with CCCS if I do so.
The thought of paying off a creditor, the first since my DMP began excites me so much .

Hi scouselad1974 and thank you for your message

Great to hear you have almost paid off this creditor!

When you are on a DMP, you need to make any extra additional payments through your DMP. We would normally pro rata any extra payments, so that all your creditors get a fair share.
I would recommend that you contact our client support team and explain you are able to make this payment and that you would like to clear the outstanding amount on this one debt.
They will advice you further.

Regards
Sue.

CCCS_Sue

xmickeyx wrote: »

hey I am new on this website I have a telephone interview with cccs next week was wondering when it all goes thorugh do i have to send proof of income of my wages to cccs ?? to start my plan? i have around 4500 debt trying to clear it.

Hi xmickeyx and thank you for your message

Welcome to the website!

If a DMP was your best option after speaking to the counsellor, then we would need up to date proof of your income from you.

Regards
Sue

CCCS_Sue

workinonit wrote: »

hoping to see the light at the end of the tunnel a little quicker than my plans suggests as it looks like my income will be going up soon.

I already do a pretty reasonable portion of what the minimum payments would be - I guess around 60%.
I've been on my plan around 3 years and I'm wondering if there are any thresholds that going over might lead to to the credit cards reverting me back to regular, interest paying payments?

Does anyone have experience on this?

Hi workinonit and thank you for your message

You would need to book a review to update your budget to show your new income.

If after paying all your priorities you can then afford to pay the full minimum contractual payments, then you may be able to continue on the plan, but the creditors may start charging interest and charges again.

Regards
CCCS

CCCS_Sue

mandrakeball wrote: »

Hiya,
Quick question - about to enter a DMP to get my finances under control. At the moment I am renting with my partner and we hope to move and get out of London at some before the end of the summer.

If all goes well and the creditors accept the DMP, hopefully I will avoid CCJ's and my credit score schouldn'y be completely hammered?? Will I still be able to pass the estate agents credit check? Worried sick about it.

Thanks in advance!

Hi mandrake and thank you for your message

Some landlords may accept you if you can get someone to act as guarantor for you. This means if you default on your payments, then they can pursue your guarantor for the money.

They may also ask you for a larger bond and a few months rent in advance.

It is sometimes easier to rent through a private landlord than an estate agent as estate agents usually have stricter criteria with regard to letting to tenants with a bad credit history.

Regards
Sue

CCCS_Sue

diorama wrote: »

was cold called on 18th feb. took up finance offer, paid £125 on cr. cd. E mailed co on 24th feb. surely this is within 7 days. and also twice on following day25th. have received letter saying that IU am out of 7 days cooling off period. Surely they are wrong. Feel I have been ripped off by a co. that is supposed to help you get out of difficulties. the reason I can celled was because I wanted to read through paper work, which I received on 24th. Felt pressured by this co. Have just phoned and not had call back yet. dont this will happen. Help appreciated. Co name is Sterling Green.

Hi diorama and thank you for your message

I would recommend that you contact ‘Consumer Direct’ who will give you further advice regarding your rights.

I have attached a link for you:
http://www.consumerdirect.gov.uk/

If you are experiencing debt problems and would some free confidential advice, then you can call for an appointment to speak to one of our debt counsellors.

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

MountainOfDebt_2

Hi there,
My wife is going to be made redundant soon. Which, effectively, will remove half of the household earnings. She’ll get redundancy, but will no longer be contributing to the bills, as such.

All of our debt, bar £13k, is in my name (£85k). My earnings, during this period, due to tax commitments and other extraordinary items, will be ridiculously low and I may also be out of work from August/September.

If I put a SOA together, on my earnings, on my debt, it would indicate an absolute inability to pay all of my commitments. Does my wife’s’ redundancy money have to be taken into consideration for my debts?

I just want to know what I have to do. My repayments are around £2500 a month, before we talk of my share of the mortgage and other secured loans. When doing a SOA, as it is for me, do I simply take my earnings etc into account if the debt is all in my name?

Thanks for any help.

coopeyguy

HI, saw the post any just wanted to offer my help.

This link is what you have been looking for.

skintoflinto_2

Just wanted to say thank you to CCCS for their help and advice so far. I rang last Thurs and gave all our details. A counsellor rang today and we are going to enter a DMP in May. The service is easy and pain free! So far, so good!