CCCS - who/what are they?

May

Can anyone tell what these CCCS are?
I've got outstanding debts and my credit card advised me to contact the national debt line and they would work out my debts and contact my creditors.

Now i.ve been reading about these CCCS and others alike but still unsure what or who they are.

If i arrange a plan through them what happens to my credit rating and such like?

System

May

Welcome. Firstly to establish ways to help you and whether your circumstances would warrant you contacting CCCS or Payplan you should post your SOA which is ALL your incomings and outgoings (see the First Time Posters sticky). The people on here will provide some cracking advice.

lenny

May

thanks for the info.
i looked at the Payplan website but what i don't understand is, whilst i'm managing most payments like my mortgage - as this is the important debt - what happens if i want to move.
I've got 2 outstanding loans and two credit cards which are under 1,000. If i want to move house in a years time, will i be able to get a new mortgage?

aimme13

your credit rating is affected if you arrange a dmp with payplan/cccs. Basically when you go to them what you are saying is, you can no longer afford the minimum payments on loans/credit cards/storecards. They communicate with the people who you owe money to and tell them how much you can afford........most of the time they except this payment........payplan take everything into consideration i.e. all your other outgoings........it will affect your credit ratings, this is suppossed to be a last resort.......so yes if you can avoid them and make cutbacks in your budget then this is best.

not too sure about mortgages as ive never had one!.......hope this is of some help

annam0787

https://www.cccs.co.uk
They are a debt management agency (charity) who can provide advice etc and set up a DMP (Debt Management Program) if that's what you need.
They don't charge any fees for their service. They draw up a monthly budget with you and work out how much you can afford to re-pay every month, then you pay them this amount on the 1st of every month, and on the 25th of the month they pay it to each of your creditors.
I've been on a DMP with them since October 2004 with no problems. Anna

CLAPTON

if you can't pay your debts and bills then you have various options.

a. you can reduce spending and/or increase income so that you correct the situation and so can pay your debts in which case all is OK.

b. if you can't do that then you will have to stop paying some or all of your debts ...this is called defaulting and will trash your credit rating for six years.


c. at this stage you must prioritise your debts so you pay the most important ('priority debts' ) first (i.e. mortgage/rent, secured debts, council tax, utility bills ) and reduce payments to low priortity debts i.e. CC, unsecured loans.

d. there are many companies that will offer advice or services but some are charities or not for profit companies and will give advice free

these are
https://www.Payplan.co.uk
https://www.CCCS.co.uk
https://www.nationaldebtline.co.uk

they may suggest a debt management plan (DMP)
or an IVA or bankruptcy depending upon your circumstances.

but as already said your credit rating will be trashed for six years.

you may be able to get a remortgage but it all depends upon the circumstances.

to be able to give specific advice to your circumstances you really need to post a statement of affairs
read the following

http://forums.moneysavingexpert.com/showthread.html?t=107280&page=1