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CCCS_Matthew

keithing-ger wrote: »

What a wonderful service.

Could you advise me please relating to my own situation in Scotland?

I entered into a 4 year Trust Deed with debts of just over £23,000, all except one is in my name solely. The exception being a £4,000 joint overdraft with my wife. Under a Trust Deed my debts are obviously "taken care of", however the BOS are chasing my wife for the £4,000 overdraft even though they will be getting a dividend at the end of the 4 year period.

We are on a very limited income and I have estimated that genuinely we have about £20 per month to spare and thats not counting the times when we might need to have get the kids clothes or ANY treats whatsoever.

What would be the best advice in my situation regarding the £4,000?

Thanks so much.

PS - My wife also owes another bank from a few years ago about £1,000.

Hi Keith, thanks for your message.

As the £4,000 debt is joint, your partner is also responsible for the full balance. In theory, the amount she will be eventually responsible for would be the remaining amount after they've received their money through the Trust Deed, but it's likely they will want some kind of regular payment from your partner until then.

Obviously she can't pay them what she hasn't got, so if the offer of payment is only £20 a month then that's what she should offer. If your partner also has other debts she might want to review whether she has any other options. If it helps, she could try using our Debt Remedy facility - http://www.cccs.co.uk/ref/drmse

Regards,
Matthew.

CCCS_Matthew

skintoflinto wrote: »

Hi
We're starting a DMP in May with CCCS. Opened new bank account & are sorting DDs out, sending token payments & letters, etc. Problem is - my wages will be paid into the old account this month (Lloyds) but they are 1 of our creditors (we've got a loan with them). We were planning on leaving Lloyds to the very last minute before informing them BUT we have received a letter asking why the DD for the loan has been cancelled. The payment isn't due until after my wages go in. So...will it be ok to take the wages out over a few days, put them in new account & then inform Lloyds of the DMP?
Phew! That was a bit long winded! Hope it makes sense...;)

Hi there.

You should be fine providing the money is taken out before the loan is due (assuming it's up to date so far).

Good luck with the DMP.
Matthew.

alice43

What will happen if i just stop paying off my credit cards?

miss-spender

This is my very first post!

I have been looking into 'Full and Final Settlements' as a way of getting out of debt. I currently owe £22,500 to 3 creditors (MBNA CC - £7,500, RBS Loan - £7,000 & Home Shopping Loan - £7,000). I haven't missed a single payment yet, but I can no longer afford the monthly payments as I am in the process of separating from my husband and am going to be made redundant!

I filled in the CCCS - Debt Remedy and the result was to offer a final settlement as I have one asset (my car - £7,000) that I could sell and offer to the 3 creditors.
Does this sound credible?

In the 'Statement of Affairs' should I put my current salary details or should I reflect the amount I will receive when I am no longer working (not sure of the exact date of last day at work yet)? Also, should my outgoings reflect the fact that I am still sharing the house with my husband or reflect what I assume the situation will be once we are no longer together.

Lastly - I don't want to wait to get into arrears before dealing with the debt, and it is already keeping me awake at night. Am I acting too prematurely with the settlement offer? Does the debt have to be in arrears for this kind of offer?

Many thanks in advance!

CCCS_Sarah

scouselad1974 wrote: »

Hi CCCS

I've had a DMP with yourself since June 2009 and all of my creditors accepted my DMP and agreed to freeze interest apart from one.

Anyway last month Aqua restarted collection activity as they say my plan had expired with them, they didn't bother letting me know before hand so that I could try and renegotiate reduced payments with them.

CCCS have re sent my DMP but Aqua continue to call a couple of times a day and will not accept my DMP even though nothing has changed since it first began, and I never missed a payment. They also say they have not received anything from CCCS even though CCCS sent everything that they asked for last month.

They refuse to stop calling me even after I have requested that all correspondance should be via mail only and have continued to call even after written confirmation from their complaints department that all calls will cease until March 30th whilst my complaint is dealt with. TBH the telephone calls do not bother me, I just can't understand why they will not accept my plan again when all of my other creditors have.

Should I just carry on as normal making payments via CCCS and hope that they pass my account to a DCA ? even though added interest and charges have now wiped out every payment I have made via CCCS for the past year.

Hello,

Thanks for you message; I have attached a letter below that you could use to send on to the creditors to stop the calls.

With regards the interest and charges, I have attached a link to the CCCS website that explains about this in detail for you http://www.cccs.co.uk/InfoCentre/EnglandandWales/Creditoraction/Chargesandinterest.aspx

If you do find that it is making your situation worse then you call for a review and see if there are any other options available for you.

To whom it may concern

Dear Sir/Madam

I am writing to ask that you no longer contact me by telephone as your calls are causing me considerable stress due to the frequency, and that they are being made at inappropriate times. Please remove my telephone number from your database and send all future communication in writing to my home address.

I have provided the most recent copy of my income and expenditure to make you aware of my current financial situation. I will continue to make my payment of x on the x of every month and will keep you informed of any changes in my circumstances as I am keen to resolve this issue as soon as possible.

I understand that following this request if you continue to call I can contact the Office of Fair Trading to make a formal complaint.

Please confirm in writing that your records have been amended.

Yours sincerely



Regards
Sarah

CCCS_Sarah

alice43 wrote: »

What will happen if i just stop paying off my credit cards?

Hello,

If you just stopped paying a debt completely then it would be more likely that the creditors would pursue the debt through the County Court, and if you still made no payments then the court could send bailiffs or take the money directly out of your income.

We would never recommend anyone to not pay anything, if you are struggling then it is better to seek advice to see what your options are. If you are struggling and would like an appointment please call our helpline free on 0800 138 1111.

Regards
CCCS

CCCS_Sarah

miss-spender wrote: »

This is my very first post!

I have been looking into 'Full and Final Settlements' as a way of getting out of debt. I currently owe £22,500 to 3 creditors (MBNA CC - £7,500, RBS Loan - £7,000 & Home Shopping Loan - £7,000). I haven't missed a single payment yet, but I can no longer afford the monthly payments as I am in the process of separating from my husband and am going to be made redundant!

I filled in the CCCS - Debt Remedy and the result was to offer a final settlement as I have one asset (my car - £7,000) that I could sell and offer to the 3 creditors.
Does this sound credible?

In the 'Statement of Affairs' should I put my current salary details or should I reflect the amount I will receive when I am no longer working (not sure of the exact date of last day at work yet)? Also, should my outgoings reflect the fact that I am still sharing the house with my husband or reflect what I assume the situation will be once we are no longer together.

Lastly - I don't want to wait to get into arrears before dealing with the debt, and it is already keeping me awake at night. Am I acting too prematurely with the settlement offer? Does the debt have to be in arrears for this kind of offer?

Many thanks in advance!

Hi miss-spender,

Welcome to the boards!

If your situation is changing then the advice would not be accurate as it would depend on what’s happening with your situation. When you completed debt remedy you should have got given the debt remedy teams telephone number, I would recommend that you give them a call and discuss your situation.

If your car is worth £7000 then it could be possible to sell this and use the money to offer full and finals.

In the meantime, just pay your creditors what you can and move your bank account if you have any debts with them.

If you have any problems please feel free to message us again.

Sarah

yippeedoo

Hi Sarah,

I hope you don't mind me posting this on your thread as I have posted it in the main forum but I would be interested in your experienced opinion.

* Are there any template letters to inform your creditors that you are opting out of a CCCS DMP and running your own with the same payments, etc?

* Do I need to inform them? If I continue to make the payments instead of CCCS, will it make a difference?

If you're interested, the background is this. I have a DMP set up with CCCS which is very straightforward and involves 6 creditors all of whom had agreed to freeze interest and to my reduced payments. However, after just 6 months, Halifax/BOS have started charging interest again and told me because I can afford to pay £112 per month (pro-rata CCCS payment), they are entitled to charge me 1% interest - this means it would now take me 43 YEARS to pay that debt! :mad: They also said if I could only afford to pay £1 a month, the interest would freeze. Despite my letters, etc about them breaking their original agreement and the unfairness on my other creditors, they have refused to stop the interest.

I spoke to CCCS about this and they said Halifax are within their rights to do this and there was nothing they could do to help. CCCS have been brilliant getting me to this point and getting some control over my finances again but I think I now need to opt out as in the present setup, I can't do anything about the Halifax's interest.

I'm intending continuing the payment plans set up with my other creditors but reducing my payment to £1 with Halifax and in effect, fighting fire with fire.

I'm sure I've read some threads on here about running your own DMP but I can't for the life of me find them.

Any help would be appreciated.
Thank you.

thepedestrian

just the wording Im not sure about now ( it gives me till 24 march to pay )




" We are prepared ,without prejudice ,to accept £2,353 in full and final settlement of the debt , provided, provided that the payment is made by 24 March 2010

signed ( printed signiture )
Colin Rogers
Collections Manager "



What do you think ? - is it a runner ?

Only thing I can think of is that it does not state that credit file will be ajusted ( can live with that for 6 years I suppose - bound to pick up a couple more anyway, the way my finances are at the moment ! )

and it dosent specifically state that the remainder will not be sold onto a third party - but then if it says "prepared to accept £2353 in Full and Final settlement of the debt " - doesnt that cover that point ?

any thoughts, ideas , advice most welcome please - I would hate to pay these cretins after all the trouble and threats they have been giving us , only to find out they turned me over,after all

Girlyshopper

Hi
I am starting a DMP with CCCS on 1 May, and have included all my creditors, including an old Littlewoods debt.

The main problem I now have is that the Littlewoods debt was sold on to their in-house DCA - NDR (national debt recovery) and after months of fighting with them, and them in turning putting up the amount whenever they saw fit, I have managed to get the debt down to £50 odd pounds. I sent off my documents for my DMP on Thursday, but yesterday received a letter from Lowell Financial stating that the debt had been sold on to them and it is now over £160 pounds.

Do I have to write to CCCS with a copy of this letter, or do I write to Lowell stating my CCCS reference and ask them to contact CCCS directly?

Thanks in anticipation
GS