Ask a CCCS counsellor a bankruptcy question

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What happens if I deciden on an IVA or BR and my wife also has a credit card with Barclaycard and her only bank account is with Barclays?

I'm worried that they would want to close her Barclaycard account and then any money she has set aside for the bills is confiscated under the right to offest.

System

depression wrote: »

Thank you so much for your reply.I do get letters from credit controllers and their debt collection agencies but they are not from the HQ addresses.

I wont bore you with the full story but I had a few very unpleasant letters.And one of the debt collection agency staff said it should not have happened.

And they told to write to the HQ's and the Chief Executives. I dont want to make a big fuss but she said if I write and explain what happened it could prevent it happening to other people.

But I just cant find the names and addresses. All I need is the HQ address and the chief or chairman of HBOS and MBNA.

I have tried the web but cant seem to find them Im not very good with computers. If you could help me I would be so grateful.

I am hoping you might have the details.

Thank you again.

Hi and thanks for your reply.

Unfortunately I don’t have access to these addresses. You could speak to the debt collection agency staff that advised you on this course of action and ask them where you should post the complaint to. They should have access to the Head Office addresses.

If the unpleasant letters where in breach of the debt collection code you could think about making a complaint to the financial ombudsman.

When you do send the complaint to the head offices of these organisations I would recommend sending it the letter by recorded delivery.

I hope this helps.

Kind regards,

Mat

System

oplus wrote: »

What happens if I deciden on an IVA or BR and my wife also has a credit card with Barclaycard and her only bank account is with Barclays?

I'm worried that they would want to close her Barclaycard account and then any money she has set aside for the bills is confiscated under the right to offest.

Hi and thanks for the message.

Your wife would only be affected if any of the accounts where in joint names.

Bankruptcy and an IVA are both forms of insolvency, if you’re not sure which is the best route to take I’d recommend you try our online debt advice service Debt Remedy (http://www.cccs.co.uk/ref/drcu) to help you find a solution to your debt problem quickly.

Debt Remedy will assist you in completing a financial statement with information on your household, employment, income, expenditure and debts. From this the service will automatically determine your options.

To help you fill in the form, it’s best to gather together information about:
• Your income
• Your expenditure
• The creditors you owe money to

You’ll receive a downloadable advice booklet providing a tailored solution for you based on your current circumstances and advice on ways you may be able to improve your situation.

If you’re not confident with computers or would like to speak to an advisor then you’re welcome to ring our free Helpline on 0800 138 1111. We’re open Monday to Friday 8am - 8pm.

I hope this helps.

Kind regards,

Mat

StepChange_Pavan

Hi there,

Many thanks for your post.

The CCCS MoneyAware team are out of the office until Wednesday, 28th December. Please accept our apologies for any delay in replying to your question.

You can still receive debt counselling over the Christmas period through our online service Debt Remedy (http://debtremedy.cccs.co.uk) 24 hours a day.

You can also read our short guide to debt help http://moneyaware.co.uk/2011/12/christmas-debt-help/.

We hope you enjoy a peaceful Christmas :xmastree:
Kind regards,

The CCCS MoneyAware team
http://www.cccs.co.uk
http://moneyaware.co.uk

keither2003

In February I will be 6 years post BR, having been discharged after 12 months and running a bank account, a credit card and mobile phone for half that time.

With this in mind, I was looking at getting onto the property ladder and am aware of some "part buy, part rent" flats in my area. Couple of questions;

1. In february will my credit score go back to zero, even though I have a small amount of positive credit, and will the credit file companies simply remove my BR on this date?

2. Secondly, What might my chances of securing a mortgage be? Golden question I know, and someone has suggested using an IFA to see what my options are but I keep hearing things about needing a 20% deposit on a flat and am not really sure how to find an IFA or what they cost! help!

tigerfeet2006

keither2003 wrote: »

In February I will be 6 years post BR, having been discharged after 12 months and running a bank account, a credit card and mobile phone for half that time.

With this in mind, I was looking at getting onto the property ladder and am aware of some "part buy, part rent" flats in my area. Couple of questions;

1. In february will my credit score go back to zero, even though I have a small amount of positive credit, and will the credit file companies simply remove my BR on this date?

2. Secondly, What might my chances of securing a mortgage be? Golden question I know, and someone has suggested using an IFA to see what my options are but I keep hearing things about needing a 20% deposit on a flat and am not really sure how to find an IFA or what they cost! help!

Keither, while you are waiting for a reply from a CCCS bod have a look at this thread for some usuful information https://forums.moneysavingexpert.com/discussion/3697263

oplus

Avoid all these 'part' this or that, you will be trapped forever.

System

keither2003 wrote: »

In February I will be 6 years post BR, having been discharged after 12 months and running a bank account, a credit card and mobile phone for half that time.

With this in mind, I was looking at getting onto the property ladder and am aware of some "part buy, part rent" flats in my area. Couple of questions;

1. In february will my credit score go back to zero, even though I have a small amount of positive credit, and will the credit file companies simply remove my BR on this date?

2. Secondly, What might my chances of securing a mortgage be? Golden question I know, and someone has suggested using an IFA to see what my options are but I keep hearing things about needing a 20% deposit on a flat and am not really sure how to find an IFA or what they cost! help!

Hi and welcome to the forum.

I can see tigerfeet2006 has given you an excellent link already which should provide a lot of information.

You might also want to look at how to improve your credit score.

Bankruptcy itself is wiped six years from the date you're declared bankrupt, provided the bankruptcy has been discharged.

Most mortgage applications do ask if you have had a prior bankruptcy even if it is no longer on your credit file. You must declare this if it is asked.

We can’t give advice regards your chances of securing a mortgage as such. You should seek the advice of an independent financial advisor.

I hope this helps.

Kind regards,

Mat

System

Hi there,

Many thanks for your post.

The CCCS MoneyAware team are out of the office until Tuesday, 3rd of January. Please accept our apologies for any delay in replying to your question.

You can still receive debt counselling over the New Year period through our online service Debt Remedy (http://debtremedy.cccs.co.uk) 24 hours a day.

You can also read our short guide to debt help http://moneyaware.co.uk/2011/12/christmas-debt-help/.

We hope you enjoy a Happy New Year
Kind regards,

The CCCS MoneyAware team
http://www.cccs.co.uk
http://moneyaware.co.uk

ap76

hi
i contacted cccs yesterday as my current and growing debts are becoming a problem. my current debts are 33,000, with 22,000 of them being non secured debts. the guy i spoke to mentioned bankruptcy. i own my house which i paid 92,000 for 5 years ago. my current mortgage is 77,000 but my house has now decreased in value and is only worth around 80-85,000. i am worried as how bankruptcy will effect me as i have a mortgage. i am also worried if my employers will be informed, and my wages are paid into my current account to which i do not have an overdraft and do not owe the bank any money, will i be able to keep this account. sorry for all the questions but i need it clesring up before i decide what to do. thanks xx