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Martindav

Hi

I had a business fail 2 years ago that has left me with the aid of some bad desicion making my accounts were closed and the debt transferred to a debt mgmt company.

Anyway to cut a long story short I have been keeping up repayments but am being made redundant.

I want to try and pay off this debt but needed some advice as to the amount I may be able to negotiate as a final settlement?

Your help is v much appreciated.

huskypup

Hi

Just a quick question, have been in a DMP with CCCS for 18 months - been going really well - no problems with any creditors, all accepted plan very quickly.

In my job, I regularly order items for work, they want to give me a work credit card to pay for these items - trouble is; it is with Barclays one of the creditors, the form asked for my name and date of birth but not my address - for this it has already been filled in with the address of the Finance dept.

Will they do a credit check and can they based on the above information? this work account - has over 500 additional card holders on it and I will be one of them. I will have a monthly credit limit of £1000, and any transaction over £500 has to be authorised by the Finance dept.

The card now goes with the job - don't want any embarressing phone calls.

Any advice, quite worried.

wisnaeme

Hello ,

been on here a while but not posted often ...

I am in the process of setting up a DMP with CCCS but I am worried as i dont have a basic bank account set up yet. would you believe I dont have any ID. DL is in old address and Passport has expired . I was goin to open an RBS account and the lady said its pretty straight forward and you get your account numbers straight away. Does this mean that i could arrange for my wages to go straight into this account? I guess If I applied for a replacement Passport using the same day service I could have a new account by the end of the week..Only draw back 130 smackers ...I will need a new passport as i travel for work but 130 is not loose change hence the DMP

Any help or advice warmly welcomed

Thanks W

jonsdad

i am soon to be entering a dmp with cccs and my next wages are due 26th sept,i have ensured enough funds are in to pay all my dd's up to and including this date be it up to my overdraft limit with a few quid to spare...my next wages are going into another bank on this date as advised...can anyone tell me if any dd's around 24-26 once shown as being paid from my account can then be re-called.i have asked cccs and they say contact bank-contact bank they say once showing paid-but rang council about council tax paid on 25th and they said wait until day after or couple of days in case it's re-called-they do this once a week-very stressed-worried no-body seems to know answer....please help...cccs have been great but i'm worried i will get these dd paid then re-called my account frozen then be in arrears with all the dd's around this time...:o

km10

Between myself and my partner we have around £25,000 debts on Credit cards and a joint loan. Our child will be starting nursery soon and once we start paying nursery fees our outgoings will be more than our income. We are considering a Trust Deed (live in Scotland) but I want to know as much as I can about how this would affect us. I know that I would basically have no chance of getting credit for at least 6 years but would this also affect things like how much we would pay for car & home insurance and how difficult is it to build up a decent credit rating after the Trust Deed and further 3 year period is over?

Any help greatly appreciated.

Westminster

Help with changing default dates

I have been on a DMP since October 2006 for 13 creditors totalling around £70k - my situation has improved substantially since then and my payments now are much more than when I started out. I have around 40k left and have made progress with a few F&F and have offers of some more so I am now looking to the future.

I have very recently bitten the bullet and checked my credit file and had quite a surprise as several of my creditors took several years to get around to issuing formal defaults which means I will effectively be penalised for trying to act responsibly and arranging a DMP so these accounts will linger on my file long after I initially had financial difficulties.

The worst culprit by far is Cahoot with my current account - who continued for several years to apply interest & charges monthly to my account (despite accepting the DMP) but did not actually list a default until 20/12/2010 so it will be another 5 years before this account is removed from my file. What is worse - I had another account with them (a loan account) which they defaulted promptly on 17/02/2007 (and stopped interest & charges at the same time).

The creditor / default dates I have are as follows:
Barclays - 12/06/2006
Egg - 11/07/2006
HFC - 30/09/2006
BoS - 15/11/2006
Citibank - 29/12/2006
Cahoot - 17/02/2007
BoS / Cabot - 07/06/2007
Cabot - 06/10/2008
Co-Op - 15/04/2009
Cahoot - 20/12/2010

I have been checking the ICO guidelines and I am trying to draft a letter quoting the relevant points from this guidance to send to the tardy creditors. My thoughts were to try and initially get in writing the dates I originally broke the original contractual payments on those accounts with a view to later using that as leverage to pinpoint the ICO to show they should have defaulted me much earlier and are significantly disadvantaging me by not doing so.

For clarity - I have grown use to living without credit and have no need or desire to get any more. However, our first child is due next February and our current 2 bedroom house will not be big enough for very long. I have always kept up with my mortgage and would like to be able to move to something bigger in the future. Unfortunately I was with Northern Rock and am now with NRAM so re-mortgaging with my current lender is impossible so I will need to repair this credit file as much as possible.

StepChange_Pavan

Martindav wrote: »

Hi

I had a business fail 2 years ago that has left me with the aid of some bad desicion making my accounts were closed and the debt transferred to a debt mgmt company.

Anyway to cut a long story short I have been keeping up repayments but am being made redundant.

I want to try and pay off this debt but needed some advice as to the amount I may be able to negotiate as a final settlement?

Your help is v much appreciated.

Hi martindav and welcome to the forum.

We would need to look at your situation in a bit more detail to be able to advise you.

I’d recommend that you call our free helpline so that you can discuss your circumstances with an advisor. You can ring on 0800 138 1111 and we’re open Monday to Friday 8am - 8pm.

Kind regards,
Pavan

StepChange_Pavan

huskypup wrote: »

Hi

Just a quick question, have been in a DMP with CCCS for 18 months - been going really well - no problems with any creditors, all accepted plan very quickly.

In my job, I regularly order items for work, they want to give me a work credit card to pay for these items - trouble is; it is with Barclays one of the creditors, the form asked for my name and date of birth but not my address - for this it has already been filled in with the address of the Finance dept.

Will they do a credit check and can they based on the above information? this work account - has over 500 additional card holders on it and I will be one of them. I will have a monthly credit limit of £1000, and any transaction over £500 has to be authorised by the Finance dept.

The card now goes with the job - don't want any embarressing phone calls.

Any advice, quite worried.

Hi huskypup and thanks for your question.

I can’t say for certain but from what you’ve said you shouldn’t be credit checked for being an additional cardholder.

I’d recommend that you check with your finance department to be sure though.

Hope this helps,
Pavan

StepChange_Pavan

wisnaeme wrote: »

Hello ,

been on here a while but not posted often ...

I am in the process of setting up a DMP with CCCS but I am worried as i dont have a basic bank account set up yet. would you believe I dont have any ID. DL is in old address and Passport has expired . I was goin to open an RBS account and the lady said its pretty straight forward and you get your account numbers straight away. Does this mean that i could arrange for my wages to go straight into this account? I guess If I applied for a replacement Passport using the same day service I could have a new account by the end of the week..Only draw back 130 smackers ...I will need a new passport as i travel for work but 130 is not loose change hence the DMP

Any help or advice warmly welcomed

Thanks W

Hi W and thanks for your post.

Will the bank accept any other forms of ID? Or would it be cheaper and quicker to change the address on your driving license instead?

They may be able to open up an account fairly quickly but it depends on your payroll cut off date. You may have to inform them of the change in bank details so many days before payday so you would need to confirm this with them.

I hope this helps.

Kind regards,
Pavan

StepChange_Pavan

jonsdad wrote: »

i am soon to be entering a dmp with cccs and my next wages are due 26th sept,i have ensured enough funds are in to pay all my dd's up to and including this date be it up to my overdraft limit with a few quid to spare...my next wages are going into another bank on this date as advised...can anyone tell me if any dd's around 24-26 once shown as being paid from my account can then be re-called.i have asked cccs and they say contact bank-contact bank they say once showing paid-but rang council about council tax paid on 25th and they said wait until day after or couple of days in case it's re-called-they do this once a week-very stressed-worried no-body seems to know answer....please help...cccs have been great but i'm worried i will get these dd paid then re-called my account frozen then be in arrears with all the dd's around this time...:o

Hi jonsdad and thanks for your question.

I’m not entirely sure what you mean by recalled – if the direct debit is paid, they shouldn’t ask for the money again. Provided that there is enough money in the account to pay for the last month you should be OK.

If you’re really worried you could cancel the direct debit for your council tax and pay this month in cash or over the phone.

Kind regards,
Pavan