Going it alone

longforthesun

Got my Barclaycard statement today they have note the new payment as the min payment to be made but the bad news they are adding interest again. Thought this would happen as we are now back to paying our original amount with them. All others have still frozen interest so cant complain to much.

On a slightly worrying note 1st credit have issued a letter stating they are starting legal action over one of OH accounts with them. This surprises me as OH spoke to them on the day this letter was generated and all was fine. We have increased our payments to them 4x what we were paying so hoping that this is an error and they really wont start proceedings. OH will need to call them tomorrow.

1st of the new payments have come off in the last week but a few more still to come off.

Infact off to chase up link financial as the SO has so far not been set up and they are due to take it on Thursday I think.

longforthesun

Ok panic over letter from 1st was an error. Thought it had to be but was worried sick yesterday about it .

longforthesun

Most of our creditors have been paid their first months payments from us. Only expcetion is link who were late in setting up the SO so they are starting payments at the end of June. Our Abbey Loan has apparently been sold off no idea who too and they have told me not to make payments to them as the account is now closed so I am in limbo with them.

Have also checked OH credit file. Rather confused 2 months ago his over all outstanding debt was 22K now it is 11K. It seems 1st credit have changed both his accounts with them to 0 balance. Not sure why.

longforthesun

Been a while since I updated this. Well we have been on holiday. Now before anyone starts I know we are in debt and the money should have gone on them but since starting back at work we have greatly increased our debt payments and well I beleive that you have to live a little.

Plus we managed to have a champaigne holiday on a lemmonade budget.

So its back to earth with a bump and the humdrum daily routine.

1st credit have been on the phone today offerring a 50% reduction on one of OH debts. Unfortunatley we are not in a position at present but they have said that if we have money available to call and we can negotiate a F&F hopefully we can do this soon.

Lloyds too have written offering F&F.

Just remembered one of our debts has never got back to us re our new payment proposals. When I called to try and set up the new payment I was told the account was closed and was being passed to a collection agency and not to make payment to them. Still not heard anything and thats been 2 months. Any Ideas what we should do. Tempted to just send a chq each month to Abbey for the loan but not sure.

longforthesun

Well Cap 1 wrote today asking us to fill in a I&E sheet and thats fine but they are asking for proof of income ie wage slip or bank statement. Am I right in saying that I am under no obligation to provide these. I have nothing to hide but do not want them to know who OH works for or for us to have to sent a bank statement. No other creditor has asked for this.

porkpie11

I Think you are correct I don't believe that you are obliged to provide this information.

longforthesun

Thanks porkpie11. Will send of the budget sheet and see how we go.

longforthesun

Not much to update on. Still not got round to sending Cap 1 our I&E have been really busy but got a few days off work this week so going to do it then.

Want to also get my figures together and see what our total stands at. House still not sold but not expecting it to go soon we are in no rush and i suppose the longer it takes the less equity we need to use to pay our debts off as we are reducing our debt by about £800 a month have been doing this since May so our debt should have reduced by £4000:j.

Got to plan for Xmas and we are trying to put some money away but the last month has seen some unexpected bills but they have been paid.

OH and I really need to start a spending diary we should have had some money left last month but it's all gone. Today is our first NSD for October hopefully there will be many more this month.

longforthesun

Not a NSD today. Spent £20 on petrol and £12 in Aldi.

Nothing else to report today. Off to start a Xmas spreadsheet and to check the grabbit board.

longforthesun

A NSD today.:j Well I never got round to doing the I&E for Cap one and they have sent a letter saying that although we havent sent one they are willing to continue our payment plan for another 6 months because we have contiuned to pay them. So thats one less job to be done.