Please help me! I dont know what to do!!!\

LolStevo

After reading several threads i have decided to start my own!

Here we go...
I am 19 and currently in college full time, when i left school i got a well paid job with natwest and even tho i was earning a lot i took out a loan for a new car and an overdraft for £1200.
At the moment my debts are:

Natwest Credit card- limit £800 currently £871 (natwest made charges waiting to get refunded as their fault!)

Avon (never paid my bill! with collection agency)- £110.27 payment plan set up £20 per fortnight.

RBS Account- £140 (Money taken by Natwest that they took from a supposedly closed account!)- payment plan set up to be paid by 31st July.

La Redoute catalogue-£210.74 (only missed one months £15 payment but now with collection service!)- payment plan £20.00 fortnightly.

Natwest Overdraft- £1200. Pay in £30 per week but this only covers charges i receive- i am trying to get this back tho!


As i am full time in college now i only get about £80 a week wages, i need help please i really dont know where to start!
I am registered with cag and read faq's i dunno where to start it really gets me down tho!

Wonder_Girl

Aww bless you. you have done a very brave thing, call CCCS in the morning, they could maitain a DMP for £25 a month until things perk up for you :grouphug:

beanielou

Or you could try CAB.
Someone will be able to help.
Youve done right thing in not ignoring it.

LolStevo

Wonder_Girl wrote:

Aww bless you. you have done a very brave thing, call CCCS in the morning, they could maitain a DMP for £25 a month until things perk up for you :grouphug:

Hi thanks just wondering what is cccs? what do they do sort of thing! Forgot to mention i have a credit card with capital one only £200 on it but they insist on me paying £43 minimum payment per month and i dont see it on my statements!!!

wannabedebtfreebeth

Hi
hang in there as it can only get better now you have asked for help. The great big bonus is that you have learnt the dangers of debt at a very early age - some of us took decades more to find that out!! All the best - I'm sure someone with vast experience will be along soon to offer real help.

brranger

£43 minimum payment per month

I would check this as seems v.high normal min payment 2 or 5 % not around20%

LolStevo

They say sumthin about me goin over my limit and its a sort of payment plan half goes on charges half goes off the bill

brranger

You need to ask for a clear account of the charges and pyments on your statement or you'll never know where you are

Old_iron_balls

good on you for having your head screwed on enough at 19 to be able to stop and face up to your debts.
I waited 7 more years before I got my act together

good on you & good luck

MCBIRNIE25

!!!!!!!!, i hate CAP1 they are vermin. Ring CCCS and get a payment plan set up. Then once that is done, we can offer advice on how you go back reclaiming all those charges.

EllieB_2

Hi
In answer to your query about CCCS, they are a debt management company, but as they are a registered charity and are funded by creditors this means they (the creditors) and not you pay for the service unlike many other debt management companies which will charge you for adminstering payments. They are very reputable, go to them or someone similar like Payplan who also will not charge you. You could challenge excessive charges as being penalty charges and therefore not legal. You need to do a financial statement or budget and work out what you can afford to pay your creditors then offer them a payment pro-rata based on this - CCCS, Payplan or National Debtline can all help advise on this - nationaldebtline.co.uk is a very helpful website to get you started.