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Help! What do I tell chasing creditors??

I'd really appreciate a bit of quick advice from those of you who have already gone BR - my mortgage lender has started chasing me (I assume because they can't get hold of my ex) and I'm just not sure what to say! I've avoided picking up the phone so far but can't do that forever. I'm going to go BR in January probably - although I can do it earlier if that's the best approach. I guess I figured I'd rather get xmas out of the way first for emotional as well as financial reasons.

Should I tell my mortgage company that I'm planning BR? My ex has missed 3 payments now so they're obviously (rightly) getting concerned. Or should I avoid them? Or should I lie to them and try and act like I want to find a way to work with them to get a solution?

Once I stop paying my own cc and loan payments (as of next month) I guess they'll start chasing too - so my question applies to them too!

thanks guys :-)

D4H

Comments

  • fatou256
    fatou256 Posts: 1,289 Forumite
    edited 26 October 2009 at 2:37PM
    Hi desperate do not panic if they call just say that " you are taking advise from the CAB and/or a debt charity such as national debtline or CCCS and you wil get back to them in due time ".. one word of advise do not talk to them on the phone it is better to keep everything in writing as you will have a paper trail if things go worst.

    Do not tell them that you intend to go BR as they will pressurise you even more just keep quiet and sit tight for now until you have everything sorted out.

    i can't advise much regarding you other question as i am not in your situtation but do call national debtline they will give some sound and holistic financial advise for free and they are non judgemental .
    good luck .
    BSC number 183
  • Thanks! - that's really useful advice. As long as I've got a script to stick to I'm fine, I just wasn't sure what that script should be!!
    :-)
  • magicgirl
    magicgirl Posts: 597 Forumite
    some good advice aboe and pretty much what i would have said. x
    Proud to be Member of BSC #92
    Hoping to get debt free again :wall:
    :heart2: working hard to make my daughters proud :heart2:
  • I can't add anything to the great advice you have received so far other than even after my BR my lender is still hounding me and DH, the difference is we know what to say, they listen to us other than us crumble in a panicky mess. As long as you have your script and feel in control there's nothing they can do. Stay strong x
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    You just tell them that you are seeking advice from a debt charity, and that should hopefully allow you to resolve the situation in the near future.

    They don't need to know how. ;):p
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
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