Help for OAP Mum with Debt problem

fermi

Maybe a DRO?

http://forums.moneysavingexpert.com/showthread.html?t=1385275

Rocket_Dog_2

Beauty and the Beast......my partner and I do everything we can. We are having her home totally refurbed right through in the hope that it will give her a lift and make her more comfortable as I know winter will not be easy now without my Dad being there :-( Been in touch with CCCS off the back of some advice we were given and they are coming to see us to discuss so will see what they have to say.

Damita

I hope they can help your mum, sorry to hear about your dad, £33 a week I'm in shock that how much you get when you get a pension how is anyone suppose to live on that?

rog2

I echo the condolences regarding your father's death, and I commend you for the way that you are trying to deal with your mum's situation.

I would imagine that your 'mum' will still view 'bankruptcy' as a social disgrace, along with the 'stigma' that was attached to bankruptcy back in the fifties and sixties.
Insolvency isn't like that any more, RD.
Bankruptcy is a tool that enables Society to deal with debts which are, otherwise, totally insolvable. There is no shame in bankruptcy especially if that was the recommended solution, by CAB, but you can, indeed should, seek further advice - try:

• CCCS - https://www.cccs.co.uk - tel. 0800 138 1111
• National Debtline - https://www.nationaldebtline.co.uk/ - tel. 0808 808 4000

And, please, look at the DRO option that fermi suggests.

Rocket_Dog_2

Rog2 - agree with you totally but I know how my Mum would feel if Bankruptcy got mentioned......but hey ho, hoping CCCS bring some light at the end of what seems a very dark tunnel - so fingers crossed.

misspoppy

Hi

One thing that going through CCCS will do will show her that it will take many many years to repay the debts at the level she can afford. May be when she can see the situation in black and white she will be open to more ideas. The other thing to point out is that the debts will get written off when she dies so why not get them written off now. In the mean time she can't keep racking up debts she can't afford can you take her cards off her?

dancingfairy

Just read your reply to my post. Sorry to hear the situation - it's the last thing you need on top of everything else isn't it. Anyway - you know the options that are available - am sure CCCS will talk you through them :
DMP
DRO
Bankruptcy
Any others?

Hope you can get things sorted soon. While not great I think she probably would need a DRO (or bankruptcy) as a way of putting everything behind her and for a fresh start - would that help to presuade her?
df

dancingfairy

Perhaps she could write to them and say that she took the debts out with good intentions but that obviously she is unable to repay the debts and that she has consistently been a good payer and things have changed following the death of her husband? Not sure how much the CC debt is and how much she has paid - but she could point out that she borrowed x amount and has so far paid back y amount - you may find that she has already repaid the orignal debt without the interest - so they may be able to write it off - and obviously she might feel better knowing she has paid the debt off as well (just not the interest) - If you see what I mean?
df