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income & expenditure
carlos700
Posts: 507 Forumite
When sending out income & expenditure out to creditors do you have to list all your other creditors and how much i will be paying each creditor ?
I have £120 surplus income but i dont want the creditor who i am sending the income & expenditure to think that all this surplus is for them because it will be shared between 5 creditors .
I have £120 surplus income but i dont want the creditor who i am sending the income & expenditure to think that all this surplus is for them because it will be shared between 5 creditors .
0
Comments
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no the letter on there just states your budget and the amount you are paying that creditor0
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You're under NO legal obligation to inform ANYONE other than a court of your I&Ewhether i have to tell creditors how much i am paying other creditorsClick here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.
All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional0 -
When sending out income & expenditure out to creditors do you have to list all your other creditors and how much i will be paying each creditor ?
I have £120 surplus income but i dont want the creditor who i am sending the income & expenditure to think that all this surplus is for them because it will be shared between 5 creditors .
It is accepted practice to list all creditors, balances and to show how their portion of the pro-rata distribution is calculated.
If you merely show a surplus (say £100 per month) and then offer them a smaller figure (say £8) would you expect them to accept this without explanation?0
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