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CCCS_Sue

Helly24 wrote: »

Hi new to these forums but hope someone can help

I have been on a DMP with the CCCS 11 months and now owe just under 12k as of this month!
I currently pay £252 a month too the CCCS and this is perfect (once i got used to the budgeting!)

The problem is i have just found out i am pregnant - The maternity scheme where i work is runnish - I get 90% of my wages for 6 weeks then straight down to SMP for the remainder. I have worked out that my wages will drop to around £480 p/m.

What i am worried about is that i will no longer be able to pay £252 p/m to the CCCS - It would be more around the £100 p/m mark (at the most!!!)
I really dont want to get my creditors backs up though as the DMP was running so smoothly!

Would i be better writing to my creditors and offering them a token payment for approx 8 months then continue my DMP when i return to work??

Any advice appreciated.
Thankyou in advance!

Hi Helly24 and welcome to the forums!

I would recommend that you call our client support team and they will arrange a review of your situation and then advise you on the best option.
We may be able to reduce your DMP temporarily until you get back to work, depending on whether you have any surplus left after paying all your priority bills.

Regards
Sue

mini_mooo

Hi, I'm thinking of contacting the CCCS about my debt problems. I have the classic debt spiral Martin talks about. I'm in quite a lot of debt due to credit cards and within 3 months time, I'll be going into the red where I don't have enough money to meet my outgoings. I'm quite happy to go the IVA route even if it means having no credit for 6 years, at least debt will get paid off with a set time. But I have to renew my mortgage package end of Sept and if I destroy my credit score (which is 'fair' at present) then I'm worried I won't be able to get a new mortgage package. I'm on a 5 year interest only mortgage with my property up for sale at the moment. My partner suggest I get another interest only mortgage (as doubt I can afford anything else) as I'll be moving out soon, I hope, anyway. Just looking for some much needed advice, as need to do something NOW before my 3 months are up. Please can someone help.

CCCS_Sue

theboycronic wrote: »

My dad is 62 and on pension credit, he now lives on his own as my mum passed away in January of this year in a previously mortgaged house. unfortunately some 18-21 months ago he was made bankrupt after running up debts in the region of 10-15,000 pounds additionally it appears he has a secured loan with welcome finance. It would appear the official receiver is trying to get him to clear his debt potentially by selling the house which given the age needs things doing to it but is in a good area. My question is can they force my father out of his house and if so would he be entitled to move into a council flat of some kind or are there other options he can consider

Any advice would be greatly received

Hi theboycronic and thank you for your message

The trustee in bankruptcy is only interested in the equity in the property and will take into account any secured lending outstanding against the property, and any potential selling costs and fees when looking at this.

After taking this into account, if there is equity, the trustee has a number of options to look at to realise their interest in the property.

• Your father could pay a lump sum to give the trustee the amount they would have got from the sale of the house. This could be via a remortgage.
• Voluntary sale of the property which would mean the full proceeds would be realised.
• Charging order on the property. This may be an option if your father is unable to raise 3rd party funds, remortgage or the equity available is not enough to warrant repossessing the property. The trustee would have a charging order made registered against the property to secure the trustees interest. When property is sold at a later date ,they would be repaid in the same way as other secured creditors.
• Repossession or order for sale is generally the last resort.

The trustee would apply to court for an order of the repossession and sale.
They would take into account whether the eventual price of the property when sold would generate sufficient funds to cover additional costs incurred of legal fees and selling costs.

If the house is in negative equity, then your father may not have to sell his home. I have attached a link to a booklet from the Insolvency Service website which explains this in more detail
http://www.insolvency.gov.uk/pdfs/guidanceleafletspdf/home.pdf


With regard to whether your father would be entitled to council housing, I have attached a link to Shelter which will be able to help you further with any housing issues

http://england.shelter.org.uk/

Hope this helps

Regards
Sue

CCCS_Sue

hawkins1980 wrote: »

Hi, I am working full time and was following a part time university course, my employer was meant to pay the fee but could only stump up part of it which left me with an £800 debt! I am now trying to pay off the debt to the debt company it has been refered to and i have filled in a financial form (basically outlining my current financial situation with pay dockets and bank statements as evidence). My offer to pay £25 a month has been rejected and they want me to pay £200 a month!! I sent a letter explaining that my current job is ending which means i will lose £500 a month after 11th April, also i am pregnant and by June by salary will be halfed due to maternity pay but they will not accept anything less than £200 which i just cannot afford. Can you give me some advise on what i can do as im pregnant and am really worried!! I have mamaged to pay off some of the debt and its around £600 now! Help please

Thanks
xxxxx

Hi hawkins1980 and thank you for your message

You cannot give them money you do not have, so you need to stick to the original offer of what you can afford.
If they refuse to accept it, then send it anyway.
You could set up a standing order at your bank and pay regularly each month.

If you would like to make an appointment to speak to one of our debt counsellors about your situation , you can ring free on 0800 138 1111. Lines are open from 08.00 until 20.00

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

chwaer wrote: »

Hi,

I have just missed out on a job due to a default on a debt that we have. We were paying it off via a DMP with CCCS. We spent some time living overseas and maintained the payments. Our mail was forwarded and we did speak to the lender more than once from overseas. It turns out that the account was put into default in January 2009.

I do understand that this is something that we are responsible for this and the consequences are ours to deal with. Just wondering if there is anything that can be done about the default notice to possibly not make me miss out on jobs.

The worst thing is the job I have just missed could have settled all my debts in a matter of months!

Any advice/info would be appreciated.

Hi chwaer and thank you for your message

I can understand how frustrating this must be for you.

A default notice will remain on your file for six years from the date of the default.

I have attached a booklet called ‘Credit Explained’ you may find useful
http://www.ico.gov.uk/upload/documents/library/data_protection/practical_application/credit_explained_leaflet_2005.pdf

You could try writing to the company who placed the default on your file and explain your circumstances and see if they will agree to remove it.

Unfortunately there are no guarantees but they may consider this if:-

The default notice was served but the payments have been brought up to date
The loan has now been totally repaid
The payments are still in default but you have come to an arrangement with the creditors
You could write to the finance company and ask if they would be prepared to remove the notice from your file. If they do agree then you need to get them to put this in writing to you.
You may have to pay an administration fee for this, or they may write and ask you to bring repayments up to date etc.
Regards
Sue

digitdemon

Hi,

I have about 5 different credit cards and was looking to get a consolidation loan to pay them all off (12,000) over 60 months and as a result end up with a lower monthly payment to start to clear my debt.

As part of the process I want a company that will pay my card issuers directly and in the process close all the cards accounts, therefore closing the credit allowances that the cards gives me. Effectively then as this would be part of the initial agreement when taking out the loan, my credit wouldn't increase, but would simply shift from 5 lenders to 1.

I have tried to apply for a loan from RBS (who I have my current account with), and I'm being told that it's been denied on the grounds of affordability, most likely because in their eyes they're giving me another £12,000 worth of credit.

Does a process/company exist that would allow me to do what I'm after, i.e. just shift the debt to a single loan and close the cards in the process without applying for higher credit?

Hope that makes sense and thanks for any help.

CCCS_Sue

Paolo_H_UK wrote: »

Hello fellow DFWs. Hope you are all well.

I'm currently nine months into a CCCS administered DMP and it is going great guns; started off with around £29k of debt and have so far reduced it to just under £25k. :beer: Most creditors have frozen interest and I've not been pestered, save for a loan company still claiming they haven't received notification from CCCS. (I know who I believe !!)

Anyway, the point I'm getting at is...in three months' time I will start a new job which will give me an extra £450 to throw at the plan. Using the debt-free calculator this will take the overall time down to just under 2 years.

I have two loan companies who are creditors (no interest or charges added).

Two credit card companies (no interest or charges added).

One DCA (formerly credit card but no interest or charges added).

One overdraft with my old bank (interest still being added but overall debt reducing)


My questions are thus:

1. Shall I save the extra money for a couple of months to create an emergency pot? Or shall I immediately put it into the DMP. I've mixed views on this.

2. With the extra money at the plan, where is it best going on? Throw it at the loans to get the payments back to what they where and use the rest on the overdraft?

3. My current payments to the credit card companies are not far off the original minimum payments. My concern is, that if I increase payments to them, the interest they have so kindly frozen will suddenly come back.

4. If I pay off the loans, which would take around six months, it would give me more scope with the four remaining creditors, and maybe look to snowball payments.

Sorry for the long, rambling message, but I would appreciate any thoughts or opinions.

Also, a big thank-you to all the posters on this forum - you are inspirational!

Best,

Paolo

Hi paola and thank you for your message
If the extra amount you are able pay into your DMP when you start your new job takes you back to the minimum payment on any of your debts, then it is possible that the creditors will start charging interest again.
If you are currently on a DMP, then the best thing to do is contact our client support team when you start your job, and they will do a review of your situation, and advise you on the best option, as it is difficult to say which would be the best option for you via email without knowing your full circumstances.
Regards
Sue

CCCS_Sue

hawkins1980 wrote: »

Hi, I am working full time and was following a part time university course, my employer was meant to pay the fee but could only stump up part of it which left me with an £800 debt! I am now trying to pay off the debt to the debt company it has been refered to and i have filled in a financial form (basically outlining my current financial situation with pay dockets and bank statements as evidence). My offer to pay £25 a month has been rejected and they want me to pay £200 a month!! I sent a letter explaining that my current job is ending which means i will lose £500 a month after 11th April, also i am pregnant and by June by salary will be halfed due to maternity pay but they will not accept anything less than £200 which i just cannot afford. Can you give me some advise on what i can do as im pregnant and am really worried!! I have mamaged to pay off some of the debt and its around £600 now! Help please

Thanks
xxxxx

Hi

We have answered this for you on post 3969

Regards
Sue

spacetraveller

Hello,

First question, I am due to start my DMP on 1st April. However, i get paid on the 15th of the month and unable to make the monthly payment on this date - will i be able to delay the start of my DMP until 1st May?

Secondly, stupidly i took out payday loans, which are now inlcuded in my DMP, but i came home last night to an answerphone message from CASHGENIE.COM on my home phone telling me that they were going to start court proceedings in the morning - this was at 7.20pm! Totally unacceptable that they would leave that kind of message on an answerphone, surely? I sent them an e-mail explaining that they would have received a letter from me about my DMP, but reiterated it for them in an e-mail last night. I have had this reponse...

"I have received your email this morning and I am sorry that you have had to seek financial advice. However in our terms and conditions which you signed only 4 weeks ago it states:
·You can’t enter a DMP until 3 contractual payments are made on your account (your DMP should’ve advised her of this)
·You signed a consumer credit agreement agreeing because the term of this loan is for a maximum of 31 days, should you enter into a DMP, any repayment will fall outside of that plan.
·As you have never made a payment, we may look at your account as a fraudulent application as you have not provided us with an accurate representation of your financial situation at the time of application. And this is illegal.
I will gladly come to some arrangement with you to clear said arrears outside of your debit management plan, for repayments of £20 a month until the balance is clear. Please contact myself on 0800 046 8121 at your soonest convenience.
Kindest Regards
Accounts Manager
Jack Rutherford
Cash Genie U.K Ltd"
Not exactly 'kindest' regards!!! Advice on what to do would be really appreciated .
Thanks.

CCCS_Sue

mini_mooo wrote: »

Hi, I'm thinking of contacting the CCCS about my debt problems. I have the classic debt spiral Martin talks about. I'm in quite a lot of debt due to credit cards and within 3 months time, I'll be going into the red where I don't have enough money to meet my outgoings. I'm quite happy to go the IVA route even if it means having no credit for 6 years, at least debt will get paid off with a set time. But I have to renew my mortgage package end of Sept and if I destroy my credit score (which is 'fair' at present) then I'm worried I won't be able to get a new mortgage package. I'm on a 5 year interest only mortgage with my property up for sale at the moment. My partner suggest I get another interest only mortgage (as doubt I can afford anything else) as I'll be moving out soon, I hope, anyway. Just looking for some much needed advice, as need to do something NOW before my 3 months are up. Please can someone help.

Hi mini_ mooo and thank you for your message
All the options that are available for your situation would be discussed at your appointment, after the counsellor had looked at your full circumstances, and put together a budget showing your income and expenditure, if you decided to contact us.
With regards to your mortgage, each lender has different lending criteria, so it is difficult to say whether you would get a good deal on your mortgage package.
It would also depend on the amount of debt outstanding.
I would recommend that you call us for an appointment and then you can discuss this further with your counsellor. The free telephone number is 0800 138 1111.
Regards
Sue