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CAB & CCCS whats the difference
barrys-lass
Posts: 205 Forumite
Hi there this is just a quick question as i have a diary on the trial board, but can someone tell me what the difference is between the CAB and CCCS, as i have an appointment tomorrow at CAB to go over my creditor details and try to come to some sort of agreement about it all.
Barclays OD -£805.93/limit £800 A & L OD -£350.00/limit £250
HFC (laptop) £549.00, Barclays Loan £3033.00, O2 £331 (227.70 left)(defaulted):eek::eek::eek:
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In simple terms
CAB = Hit and miss on the information depending which advisor you get.
CCCS = 95% correct in there advice.Click 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 -
Hi 10past6 thanks for the info, i think i will finish the CCCS form, send it in and see what they come up with as well as CAB. Do CAB sort out all your payments so you pay them and they then share it between creditors?Barclays OD -£805.93/limit £800 A & L OD -£350.00/limit £250HFC (laptop) £549.00, Barclays Loan £3033.00, O2 £331 (227.70 left)(defaulted):eek::eek::eek:0
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I'm not sure if CAB do a DMP, I believe they offer you the information in order for you to set up your own DMP.Click 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 -
Ok thanks 10past6, iv just finished filling in my CCCS form and took down the tel number. Depending on what happens at CAB i'll give them a ring when i get back. Are there any templates on here for offering my creditors minimum payments, and how much should i offer? £1?Barclays OD -£805.93/limit £800 A & L OD -£350.00/limit £250HFC (laptop) £549.00, Barclays Loan £3033.00, O2 £331 (227.70 left)(defaulted):eek::eek::eek:0
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You could use the following letter, amending the detailsbarrys-lass wrote: »Are there any templates on here for offering my creditors minimum payments, and how much should i offer? £1?
Dear Sir/Madam
Re Account No xxxxxx
Since making that above agreement with you, our circumstances have changed.
We cannot now afford to agreed monthly payments because ... [your paragraph added here]
We enclose a Personal Budget sheet which shows our total income from all sources, and our outgoings. As you can see we have only £xxx per month left for our creditors. The offers we have made to our creditors have worked out on a pro−rata basis, and we have written to all our creditors asking them to accept reduced payments.
In view of our circumstances, please would you agree to accept a reduced offer of £xx per month. If interest or other charges are being added to the account we would be grateful if you would freeze these so that all payments made will reduce what I owe you.
Should our circumstances improve we will contact you again.
We would be grateful if you would send a paying−in book to make it easier to pay you. Thank you for your assistance. We look forward to hearing from you as soon as possible.
Yours faithfullyClick 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 -
Thats great thank you. Will get onto it asapBarclays OD -£805.93/limit £800 A & L OD -£350.00/limit £250HFC (laptop) £549.00, Barclays Loan £3033.00, O2 £331 (227.70 left)(defaulted):eek::eek::eek:0
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just another question, is the above template suitable for sending to debt collection companies?Barclays OD -£805.93/limit £800 A & L OD -£350.00/limit £250HFC (laptop) £549.00, Barclays Loan £3033.00, O2 £331 (227.70 left)(defaulted):eek::eek::eek:0
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Yes, sending to those companies you're payingClick 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 -
Thank you, you are a starBarclays OD -£805.93/limit £800 A & L OD -£350.00/limit £250HFC (laptop) £549.00, Barclays Loan £3033.00, O2 £331 (227.70 left)(defaulted):eek::eek::eek:0
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You're very welcome
Click 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
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