CAB Advice

10past6

The purpose of them requesting an I&E is to see how much they can get out of you, it's not sent as a way of assisting the debtor, which is why I never suggest anyone complies with a creditors / DCAs request.

immoral_angeluk

10past6 wrote: »

The purpose of them requesting an I&E is to see how much they can get out of you, it's not sent as a way of assisting the debtor, which is why I never suggest anyone complies with a creditors / DCAs request.

No, that's not true. The financial statement helps the debtor as it proves how much the client is actually able to afford. Otherwise the creditor will be able to make up their own ball park figure based on guesstimates and will be very biased to the creditors advantage.
With all due respect I work for the CAB. So I know why a financial statement will benefit the client. I'm not interested in what the creditor wants.

10past6

immoral_angeluk wrote: »

With all due respect I work for the CAB

And with all due respect to you, there are countless threads on here where the CAB has given mis- information to debtors seeking advice.

I stand by what I posted, there is NO legal obligation for a debtor to issue an I&E to anyone other than a court.

What any member chooses to do is down to them.

immoral_angeluk

10past6 wrote: »

And with all due respect to you, there are countless threads on here where the CAB has given mis- information to debtors seeking advice.

I stand by what I posted, there is NO legal obligation for a debtor to issue an I&E to anyone other than a court.

What any member chooses to do is down to them.

Oh I completely agree. There is no legal obligation at all. That was not my point. I was pointing out the benefit of it. After all.. negotiations work both ways and work on mutual trust. If you willingly withhold information the creditor isn't going to trust you and therefore won't be as willing to negotiate.

As for CAB giving misinformation, sadly it's down to the advisors the clients see. Not the CAB as a whole. The information system we use is updated daily with the latest law and information. So if the client has been given the wrong advice, it is the advisors fault, not the CAB's. We have to keep records so the mistake would quickly be picked up and the client informed by the Supervisor/Manager.
Obviously that scenario is based on the ideal world where everyone is perfect. People make mistakes, but it is rare that wrong advice is given and not spotted and corrected.

10past6

This is going to be my last comment on this thread.

immoral_angeluk wrote: »

If you willingly withhold information the creditor isn't going to trust you and therefore won't be as willing to negotiate.

You really should do some research on here, look at the number of members who've posted in a distressed state because a creditor / DCA has refused their offer of payment.

Time, after time we see it constantly posted about creditors / DCAs refusing to negotaite with the debtor, why do you think we have a telephone harassment letter.

Why are creditors / DCAs constantly telephoning debtors, it's to get as much as they can out of the debtor, don't give me any nonsense about a creditor / DCA not trusting a debtor, at least give me some credit.

As I stated, end of my contribution on this thread

immoral_angeluk

10past6 wrote: »

This is going to be my last comment on this thread.

You really should do some research on here, look at the number of members who've posted in a distressed state because a creditor / DCA has refused their offer of payment.

Time, after time we see it constantly posted about creditors / DCAs refusing to negotaite with the debtor, why do you think we have a telephone harassment letter.

Why are creditors / DCAs constantly telephoning debtors, it's to get as much as they can out of the debtor, don't give me any nonsense about a creditor / DCA not trusting a debtor, at least give me some credit.

As I stated, end of my contribution on this thread

I should do some research? I never leave this forum :rotfl:

fatbelly

nat87 wrote: »

Hi all
I am unemployed and need to sort out my debts while I have no income coming in, so I phoned my local CAB office to make an appointment and I can't get an appointment for 4-5 weeks. Really need to sort something out, is there anything I can do myself e.g. send creditors letters or is there any other help out there. I would be grateful for your advice. Thanks:o

Hi Nat 87

I'm a debt adviser for the CAB so I know how difficult it can be to get an appointment.

For someone coming to see me after a 4-5 week wait, I'd hope that they

1. will have already researched and applied for any benefits they are entitled to. In an ideal world that would come out of the 'franchise check' that the person booking the apointment should have done. But you can also check this yourself on https://www.entitledto.com

2. will have maintained payments where possible to rent/mortgage and council tax, even if these are below the required amounts. Because these are priority debts.

3. if the payments to the non-priority unsecured debts (credit cards, loans, overdrafts, catalogues, doorstep lenders) can't be maintained, and that's the problem for most of my clients - I'm not worried if they stop these payments altogether.

4. if the bank account is overdrawn and linked to other debts (credit cards, loans) then I'm probably going to suggest a new account anyway so you might as well start looking for one. This is to have somewhere safe to put your income without the creditors getting their hands on it.

5. wouldn't have given any extra information to creditors that they didn't already have. I want to present your case in the light that's best for you - and I know how to do that. So no income/expenditure statements.

6. wouldn't have opened themselves to harassment by giving their phone numbers to creditors who didn't already have them.

7. will come in with a latest statement for each debt, proof of income (wage slips, bank statements) and a good idea of every bit of household expenditure

If I think of anything else I'll come back.

10past6

fatbelly wrote: »

So no income/expenditure statements.

I agree with you FB