AFRAID>>Should i send token payments to my creditors

keithdonnamoneytroubles

my name off i meant !!

Also im financially linked with him as our mortgage is joint, but from what i understand is that we have no equity in the house so would remin in it..

elsie52

Can't answer that for you.....BR wasn't an option for us, so don't know anything about it.

RAS

Ok

One OP has just posted here.

Her OH has started an IVA - lesser form of Insolvency. They have a joint bank account and he also has a loan in his name only with the bank.

As far as we can work out, the bank used their right to offset to claim the whole value of the loan in his name from the joint account and is now pursuing her for the full cost of the joint OD and his loan.

It is essential that you get that account closed, or get this name off it. Is there any point in the month when the account is in credit?

keithdonnamoneytroubles

this gets better.... the account has a £1000 overdraft that has not been unused for a year....it only ever has £900 put in to cover mortgage and direct debits, so we are always in overdraft...... HELP

keithdonnamoneytroubles

Although i do pay the loan, as my OH took it out for me as i couldnt get one....but like i say its in his name...confusing i know

mrcow

keithdonnamoneytroubles wrote: »

Ive already had a threatning phone call from a particular credit card company regarding being overdrawn by 29p.....Yes 29p and then off course they added £24 when the statement came..... but they made me feel like i was a criminal and worthless because i owed them £500, and of which i have never ever missed a payment with them before, until i made the mistake of buying something on ebay hence taking me 29p over my limit

Please help:eek:

Write to them registered post and tell them that they are not to call you again. All correspondance must be in writing and that if they call you again, you will be reporting them to the relevent authorities.

Give them a few days, and if they call you again, give them one warning that you've told them not to call you, and if they do it again, report them to the OFT.

RAS

Hi

We are trying to check out whether this is allowed but we think it might be alhtough it is a new one on us.

In your circumstances you may need someone like Christians against Poverty to go through things with you jointly.

Do you have ANy stuff you can sell? Anyone who can loan you enough to get the account in the black?

keithdonnamoneytroubles

My mum is very good with us and could possibly borrow us the £1000 to clear the overdraft but no more to clear the existing loan etc....but yes the OD could be cleared as soon as tomorrow really


Can i just say you are all Bloody superstars in your own right on here....

RAS

Your OH will have to give them the details of another account from which the loan is paid but he already has an account.

keithdonnamoneytroubles

The loan goes from our joint account but he gets paid into a bank account elsewhere...... what do we do ???