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inneedofadvice154

Hi i currently have a lodger who i have just found out has alot of unsecured debt that he has no way of paying back how will this effect me? the problem i have is i really need the rent money and other than the debts he is a perfect lodger. Where do i stand?

inneedofadvice154

I have recently discovered my lodger has ran up large debts he has no way of repaying i do not believe he even intends to pay these back, how will this effect me? I really need the rent he pays and other than the debts he is the perfect lodger who pays on time etc.

Chris_Hanna

Hi,

Can anyone tell me if Home Management Services are a bona fide company who claim to help with repossession.I am suspicious as they want £200 up front.Going to court on Thursday 24/02/2011 to fight repossession by Northern Rock.

Many Thanks
Chris Hanna

sickasachip13

Chris_Hanna wrote: »

Hi,

Can anyone tell me if Home Management Services are a bona fide company who claim to help with repossession.I am suspicious as they want £200 up front.Going to court on Thursday 24/02/2011 to fight repossession by Northern Rock.

Many Thanks
Chris Hanna

Hey Chris, I think you'd be better putting this as a thread on the main DebtFreeWannabee page as this thread is specifically for queries to the CCCS counsellors who are only here during the day but there are lots of people who could advise you if you put it on the other page.

BellaFiga

About three years ago Nationwide passed a debt of £1,900 to a collection agency. I sent a letter asking for a copy of the agreement and the agency passed the debt back to Nationwide. Just before Christmas I got a letter from Nationwide saying that they had sold the debt. I then received two letters from MKRR asking me to contact them. I wrote two weeks ago asking for a copy of the agreement. Yesterday I received a further threatening, albeit standard, letter from them saying if I don't contact them they will send an agent here to visit me.

How do I get them to acknowledge that I have asked them for the credit agreement, and that they have not responded? I refuse to phone them; I only respond to these types of companies by letter. I am very worried about a visit, not for myself, but there are times that my 14 year old is here on her own.

CCCS_Sue

gudge1000 wrote: »

Hi all,

I'm new to the site and dont have any experience with forums so please bare with me and i apologise for the length of my query especially if you've already answered my questions.

Basically when I was 18 I was working at a bank and ended up in a lot of debt. Mainly because of my immaturity and naivety but not helped by the easy access to credit. Everything spiralled out of control and it wasnt long before I was paying more than i was earning. I ended up leaving the bank through stress and worry that everyone would know I couldnt pay back what i borrowed.
I had a loan for 8k, 3 credit cards totalling about 3500, 2 overdrafts totalling about 2k.
I was so scared that i avoided them like the plague. I tried to fix my problems several times through citizens advice but bankruptcy and other resolutions never seemed do-able for one reason or another. The longer it went on the harder it got to confront my problems and so i've hid from them for far too long.

It's been a long time since and I've been earning a good wage for a while and really want to put my life on track. I live in a flat and pay all my rent and bills on my own. I have a small amount of money left each month.
I've signed up to credit expert and I have 1 ccj for £200 which i have no idea about. The loan, two of the credit cards and one of the overdrafts were registered as defaults almost 6 years ago.

I dont really know the fastest way to repair my credit. I dont have enough money to offer them all a full and final settlement figure. I'm worried paying a small amount monthly will take forever. Will these be erased completely from my file if I was to wait the 6 years as i dont fully understand what I've heard about the 6 year thing?

I understand I've done some bad things but really want to get sorted. Any help or advice would be much appreciated.

Thanks in advance

Hi gudge1000 and thank you for your message

With regard to the Limitation Act, creditors are unable to legally pursue you for the debt if, after six years;
The creditor has not already obtained a county court judgment (CCJ)
You or any one else owing the money (on a debt in joint names) have not made a payment
You have not written to the creditor admitting you owe the debt
This is known as statute barred and refers to the Limitation Act.
As you have already got one CCJ, this would not be covered by the Limitation Act. The creditors could also obtain CCJs on the other outstanding debts.
If you would like us to provide you with detailed advice on your financial situation you can either use our online advice facility Debt Remedy, or ring our free Helpline to book a telephone appointment with a counsellor.

Debt Remedy will assist you in completing a financial statement which includes information on your household, employment, income, expenditure and debts. All this information is used as a basis to determine the options available to you to deal with your situation.

Alternatively if you would prefer to talk to a debt counsellor about your situation, you can book a telephone based appointment by calling our helpline free on 0800 138 1111. Lines are open Monday to Friday 08:00-20:00
With regard to improving your credit file, it may be advisable to take control of your debts first.
I have attached a link to this site which has some good tips on improving your file
http://www.moneysavingexpert.com/loans/credit-rating-credit-score

Regards
Sue

CCCS_Sue

Concerned... wrote: »

This is my first post so I may warble on a bit ...

I am struggling to see how myself and my partner can work our way out of our current debt. I know that there is a way and I know that it is possible, it's just that it all gets rather overwhelming ... Especially when you spend the majority of your life worrying about everything anyway!

Right, here goes ...

Total outgoings (both)...

Rent £250 (it's my Mum's house and she kindly does us a deal)
Council Tax £121
TV £12.37
British Gas & Electric £60
Water £39
Phone/Broadband £26
Sky £65

Pet Insurance £25
Mobile Phone no 1 £50
Mobile Phone no 2 £40
Car Insurance £25
Petrol £30
TV Payment £20
Season Ticket £35

My Credit card no 1 £30
My Credit card no 2 £20
Store Card no 1 £12
Store Card no 2 £20
Store Card no 3 £30
Overdraft £30
My Loan £167.34

His Credit Card no 1 £300
His Credit Card no 2 £200
His Credit Card no 3 £50

We currently earn £1226 and £1218 each month so total income £2444. As it currently stands, this leaves us £616 a month spare (before food).

We would obviously have even more spare if we could consolidate our debt payments as we currently pay £859 in debt repayment every month. (ouch...)

We both have our own current account at the moment, both with overdrafts, mine of £1250 and his of £1000. Those items in blue all come out of my account and the other items all come out of his. At the moment, he transfers £300 into my account to pay for his half of the bills.

I am currently in the 2nd year of a 5 year £5000 loan, and I owe £4000 on top of that (including my overdraft). (I also have my old student loan but I understood that I don't need to worry about this as the money comes out of my salary before I even see it?)

My fiance however owes £25000 on the 3 credit cards and overdraft.

I think as it currently stands, we are both paying an awful lot back on the cards due to interest but it's obviously not touching the total amount owed. We had a search on the net and found a couple of unsecured loans that seemed to be a good idea so applied for one, got refused then applied for another, that also got refused. These were both only applied for in my partners name rather than mine so I guess they only took into account his income not our joint income? It frustrates me SOOO much becuase the majority of this debt came from my fiances first marriage - a very unhappy one, debt caused by both etc - and he's been so good at always paying his payments when due that I can't imagine he has a bad credit rating because of missed or late payments. (Mine might be slightly worse but not bad)

So ... where do we go from here?!! He's thinking DMP, IVA or Bankruptcy all of which scare the absolute **** out of me. I didn't realise until he applied for the last two loans that everytime you apply for something it affects your credit rating!! Is that fair?!

My debt doesn't concern me so much, I looked into it and in theory I could get a loan to pay off the existing load and my debt for about £200 per month which would obviously free up some of our money but I don't know if this is the right thing to do?!

Would we be more likely to get a favourable loan if we get a joint account, pay all our money in and out of that then apply again based on the joint income? Or do we apply for a joint DMP? Or does he apply on his own?

We're getting married next Summer and want to start a family as soon as possible ... (it worries me that if we wait to long it might be too late - there's a bit of an age gap - he's 36 i'm 25, seriously, I worry about everything) and we both want this sorted, or at least manageable with an end in site, when we have children.

It also concerns me that any DMP or IVA will result in us not being able to get a mortgage in future ... Would that mean it makes more sense for him to have any DMP or IVA in his name only?

Also, (sorry!) is it true that they can take any savings you might have? (We don't have any at the moment but we need to put a bit aside for our wedding)

Finally, what do they consider to be reasonable to leave you with every month?

Sorry, it seems that once I started writing it all down I couldn't stop!

I really would be interested to have some feedback from anyone that can help, even a little bit!

Thank-you all for your time in advance...

Hi concerned and thank you for your message

It’s difficult to give you full detailed advice via the forums regarding the best option for your situation.
In order for us to be able to provide you with advice on your financial situation you can either use our online advice facility Debt Remedy, or ring our free Helpline to book a telephone appointment with a counsellor.
Debt Remedy will assist you in completing a financial statement which includes information on your household, employment, income, expenditure and debts. All this information is used as a basis to determine the options available to you to deal with your situation.
Once you’ve followed the process through and completed all the required information you will immediately be presented with an advice booklet, which will provide tailored advice for you based on your current circumstances. It will also provide advice on ways you may be able to improve your situation.
Alternatively if you would prefer to talk to a debt counsellor about your situation, you can book a telephone based appointment by calling our helpline free on 0800 138 1111. Lines are open Monday to Friday 08:00-20:00

Regards
Sue

CCCS_Sue

l.m.hart wrote: »

hi. dont know if i posted my query on wrong thread so am putting my question here as well. we are not on a dmp as i have been dealing with our debts and trying to pay them off, having problems with this one though so hopping you can help.
advice needed please,

my dh was informed he owed money to a merchant last year,his work is hit and miss at the moment due to this blasted recession.he cant afford to pay it back in one go . we had a few visits from a couple of heavies who said they had vested interest in the company and had been sent to collect the money. we offered to pay them back at £100 month by standing order and if things improve it could be increased or if we had extra if they gave me there details i would pay extra into the account, form wasnt recieved, spoke to them again on numerous occasions and was told form would be sent. couple of weeks ago i sope to accounts and said again what we could afford at the moment and she said she would get back to me. sat dh received a letter saying no communication had been made on our behalf and no offer made and that if after 7 days they didnt here from him, doorstep collectors would come around and they would add 8% above the basic bank of england rate to the debt.
no credit agrrement was signed on this account so i sent them a letter from a template on here,
i want this paid off whether the account was set up right or wrongly, just want them to agree a plan .
i had a phone call message this morning saying dh had stole from them. i phoned them and he put the phone down on me.accounts then phoned me saying that my offer wasnt enough, i informed her of my letter and she said she hadnt seen it and would go and look at it. the two men that came around intimidated me , i dont want them coming around again.they would have had at least £600 by now if this had been done in the begining.

what can i do?

so if this is garbled im shaking like a leaf.

Hi I.m.hart and thank you for your message

They should not be harassing you in this way. If you are paying as much as you can and you have backed up your payment offer with a copy of your income and expenditure, then you have done all you can.

I would recommend that you contact Consumer Direct http://www.consumerdirect.gov.uk/ for further advice.

Consumer Direct is funded by the Office of Fair Trading and delivered in partnership with Local Authority Trading Standards Services.

Looking at other threads you have posted, it looks as though you are struggling with other debts too. I f you would like us to look at your situation in more detail, you could either use our online advice facility Debt Remedy, or ring our free Helpline to book a telephone appointment with a counsellor.

Debt Remedy will assist you in completing a financial statement which includes information on your household, employment, income, expenditure and debts. All this information is used as a basis to determine the options available to you to deal with your situation.

Once you’ve followed the process through and completed all the required information you will immediately be presented with an advice booklet, which will provide tailored advice for you based on your current circumstances. It will also provide advice on ways you may be able to improve your situation.

Alternatively if you would prefer to talk to a debt counsellor about your situation, you can book a telephone based appointment by calling our helpline free on 0800 138 1111. Lines are open Monday to Friday 08:00-20:00.

Regards
Sue

StepChange_Pavan

inneedofadvice154 wrote: »

Hi i currently have a lodger who i have just found out has alot of unsecured debt that he has no way of paying back how will this effect me? the problem i have is i really need the rent money and other than the debts he is a perfect lodger. Where do i stand?

Hi there and thanks for your post.

Provided that your tenant maintains his rent payments, you won’t be affected.

You could consider pointing him in our direction if you feel he needs help or advice in repaying his debts.

Kind regards,
Pavan

CCCS_Sue

Chris_Hanna wrote: »

Hi,

Can anyone tell me if Home Management Services are a bona fide company who claim to help with repossession.I am suspicious as they want £200 up front.Going to court on Thursday 24/02/2011 to fight repossession by Northern Rock.

Many Thanks
Chris Hanna

Hi Chris and thank you for your message

We are not able to advise on individual companies, though you are right to be wary if they are charging a fee.

You could contact Shelter, the housing and homeless charity, to see if they can give you more information on the company.
http://england.shelter.org.uk/

If you would like some free help and advice regarding your repossession, you could call us free on 0800 138 1111. We do have specialist mortgage advisors who could offer further help and support.

Kind Regards
Sue