unable to go bankrupt

awhitey

can anyone help Ive done the cccs calculator and it says that i still would not be able to afford to live if i went bankrupt so i would not be able to do so, what do i do now with the three credit cards I can not pay and have two final demands for, my circumstances have change, i have been made redundant and my husband left i dont know what to do i heard that you have to write to your creditors and offer £1 a month is this correct ???
y

TotallyBroke

Firstly welcome.

Yes you can write to the creditors offering them payments of £1.

But firstly I would suggest you use this link https://www.makesenseofcards.com/soacalc and work out what you owe and what you pay out.

Once you can see it in black and white it's easier to understand where the savings can be made. People will also be able to advise on what benefits you can claim. What have you done with your redundancy payout? If you qualified.

RAS

There are new legal rules coming into account this year. How much do you owe?

awhitey

I owed when this all started around £7500 on one and £11200 on one the other i am still paying minimum payment is £1700
I did not get any redundancy only 1 weeks pay as I work part time it just got eaten up in the overdraft on the bank account, there are now lots of extra charges as this has been going on since september last year.

PixiePie

You might want to post on the BR board as well, but if I'm understanding you correctly, still having a deficit on your SoA after BR isn't a barrier to it - I had this when I went BR, but it still went through - we just had to earn more money to pay the essential bills (which we did by hook or by crook). It's why you have a deficit that's important and what you can do to reverse that. For more specific advise on BR, go post on that board and contact National Debtline, CAB or CCCS again

Good luck

RAS

And if you do not go BR, then you need to reclam those charges and check whether you have or had any PPI