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System

cluelesskerry wrote: »

Hi,
i had a bailiff round yesterday who gave me a bailiff removal notice with a liability order and warrant of execution letter, he stated that i need to pay £500 of the balance on thursday, (tomorrow) before i can agree repayments with them, i rang him today and told him i just cannot get that amount and i have tried everything to get it, he point blank refused to help me out i pointed out to him how does he expect me to get £500 in 2 days when i dont even get that a month on jobseekers altogether! i also told him that i have nothing of value to take (which i dont) and he said that will be for him to decide, i also pointed out that just about everything i own is on hire purchase , my bed kids beds kids drawers my drawers the tv (i have proof of this) he told me he will still take items of value even though they are on hire purchase i didnt think they were allowed to do this?, i rang the council and asiked if there is anything they could and they said no not now it is with the bailiffs.

i dont know what else to do i am on jobseekers at the minute as my partner was laid off at christmas i have no savings and no credit card to pay them what right do i have? and what right do they have?

can i please ask for an urgent reply as they are coming in the morning


o and total balance is £1986 it is for council tax arreas

Hi and thanks for your post.

I’ve answered your message out of order due to the nature of your query (apologies to other posters).

You need to speak to our helpline as soon as possible. It’s free to call from all landlines and mobiles. The number is 0800 138 1111. We’re open Monday to Friday 8am - 8pm and Saturday 9am until 3.00pm.

If you phone us it may be possible to refer you directly to a counsellor for immediate advice. Alternatively, we will arrange for an appointment to be booked at a time convenient for you.

I hope this helps.

Kind regards,

Mat

cluelesskerry

thankyou mat ive rang them and im just about all sorted now thankyou very much

System

Ss3kjp wrote: »

I have applied for a dmp with cccs, they are currently sending me paperwork to sign. Our debts are 31000 in Credit cards overdrafts and loan. I'm still not 100% sure it is the best option because of the following:

We are currently only paying a small amount of interest on 1 of our outstanding credit cards, and our overdrafts, all the rest are 0%.
Our credit rating is not that bad as we usually make all of our minimum payments.
If we take on dmp companies may start charging us interest that currently don't. This is a worry as one of our batclaycards is 9000 currently on 0% we don't want to have to pay interest on that. Is it therefore silly to take a dmp and make our credit rating worse when we are meeting our minimum payments?

Also one of our loans that we have met all of our payments on for 5yrs is ending in august, so it seems silly to default on this when it's not actually necessary to.

Additionally my husband is an actuary, and is concerned this may affect his promotion chances.

I am currently on smp in my cccs budget, in sept I will have no salary for 3 months, then I will go back to work and be on more money. Should we wait and do dmp after I go back to work?

THE REASON WE WANT THE DMP is to help us budget, so we know an end date to our debt, because my husband is struggling to get a new 0% to transfer one card as he has so much debt in his name, and to start paying off our overdrafts which we have just ignored since we left university and have lived within.

Is their a better option than taking a dmp? Should we keep paying minimum payments and try to negotiate intest on our overdrafts. So we don't get bad credit rating.

I'm really concerned about the amount of ppl who cccs hasn't managed to freeze interest for. We will be worse off if that is the case for us.

Please advise me, I'm happy to give more info.

Hi and thanks for your post.

It’s good that you’ve taken the time to consider this and I think there are number of points we need to look at.

When the loan payment ends in August how much more disposable income will you have towards repaying other debts? On top of this you should consider how much payments will go up if you can’t secure another 0% deal on the credit cards.

Another point to consider is are you still using credit to live? Are the credit card balances or overdrafts rising?

You mention that you will have no salary for 3 months from September, will you be able to manage to contractual payments on all your debts during this time and still maintain all your priority payments?

You may be able to negotiate temporary lower payments with some unsecured creditors on your own but this is usually a short term arrangement and could have an impact on your credit rating.

In regards your husband’s job he would need to check the terms and conditions of his employment contract to see if a debt management plan would affect his position.

Neither we nor any other charity or debt management company can guarantee that creditors will suspend interest and charges when a client enters a debt management plan. This is entirely up to the creditors themselves.

As you’ve already spoken to us and we’d have access to your details I’d recommend that you give us a call back to look at your options. We’re happy to offer advice even if you don’t go for a DMP now or in the future.

I hope this helps.

Kind regards,

Mat

System

ellen69 wrote: »

Please can you help with the following

Business account has an overdraft of £40,000 give or take a few pennies
Our dilema is ceasing to trade and what will the bank do?
We are proposing to put money in to reduce the balance via wages, as the business is only maintaining the overdraft and not reducing it.
Will they call it in and make us bankrupt? We have no sellable assets and live in rented accomandation.

We have since negotiated via CAB all our personal credit card debt so have had a little respite with the stress.

Hope you can help, Ellen

Hi Ellen and thanks for your message.

It sounds like you would benefit from some free and impartial advice.

As a sole trader you are personally responsible for the debt so it really needs to be treated the same way as your other debts.

I’d recommend that you gather details of your personal and business debts, as well as your current income and expenditure and give us a call. We should be able to guide towards the best solution for your current circumstances.

You’re welcome to ring our free Helpline on 0800 138 1111. We’re open Monday to Friday 8am - 8pm and Saturday 9am until 3.00pm.

If you phone us it may be possible to refer you directly to a counsellor for immediate advice. Alternatively, we will arrange for an appointment to be booked at a time convenient for you.

I hope this helps.

Kind regards,

Mat

Ss3kjp

Quote:
Originally Posted by Ss3kjp
I have applied for a dmp with cccs, they are currently sending me paperwork to sign. Our debts are 31000 in Credit cards overdrafts and loan. I'm still not 100% sure it is the best option because of the following:

We are currently only paying a small amount of interest on 1 of our outstanding credit cards, and our overdrafts, all the rest are 0%.
Our credit rating is not that bad as we usually make all of our minimum payments.
If we take on dmp companies may start charging us interest that currently don't. This is a worry as one of our batclaycards is 9000 currently on 0% we don't want to have to pay interest on that. Is it therefore silly to take a dmp and make our credit rating worse when we are meeting our minimum payments?

Also one of our loans that we have met all of our payments on for 5yrs is ending in august, so it seems silly to default on this when it's not actually necessary to.

Additionally my husband is an actuary, and is concerned this may affect his promotion chances.

I am currently on smp in my cccs budget, in sept I will have no salary for 3 months, then I will go back to work and be on more money. Should we wait and do dmp after I go back to work?

THE REASON WE WANT THE DMP is to help us budget, so we know an end date to our debt, because my husband is struggling to get a new 0% to transfer one card as he has so much debt in his name, and to start paying off our overdrafts which we have just ignored since we left university and have lived within.

Is their a better option than taking a dmp? Should we keep paying minimum payments and try to negotiate intest on our overdrafts. So we don't get bad credit rating.

I'm really concerned about the amount of ppl who cccs hasn't managed to freeze interest for. We will be worse off if that is the case for us.

Please advise me, I'm happy to give more info.
Hi and thanks for your post.

It’s good that you’ve taken the time to consider this and I think there are number of points we need to look at.

When the loan payment ends in August how much more disposable income will you have towards repaying other debts?
On top of this you should consider how much payments will go up if you can’t secure another 0% deal on the credit cards.

Another point to consider is are you still using credit to live? Are the credit card balances or overdrafts rising?

You mention that you will have no salary for 3 months from September, will you be able to manage to contractual payments on all your debts during this time and still maintain all your priority payments?

You may be able to negotiate temporary lower payments with some unsecured creditors on your own but this is usually a short term arrangement and could have an impact on your credit rating.

In regards your husband’s job he would need to check the terms and conditions of his employment contract to see if a debt management plan would affect his position.

Neither we nor any other charity or debt management company can guarantee that creditors will suspend interest and charges when a client enters a debt management plan. This is entirely up to the creditors themselves.

As you’ve already spoken to us and we’d have access to your details I’d recommend that you give us a call back to look at your options. We’re happy to offer advice even if you don’t go for a DMP now or in the future.

I hope this helps.

Kind regards,

Mat


We will be on an extra 235 a month when loan finishes. I'll be on unpaid maternity for 3months but we will meet all payments as selling our car.
We are not living off credit now.
I have also had the option of going DRO on my part of the debt (13000) but not sure if this the best decision.
Alternatively we could get a consolidation loan.

Too many choices!
Thanks for helping me

soontobesensible

Hi there,
I may well be made bancrupt soon and I was wondering if my NHS pension could be used by an official receiver to pay off my debts? I have a few years to go yet before i can access it.:(

Becks5000

Hi,

I've been in a debt management plan for 6 months with the CCCS, and owe approx £14K. I have lots of different creditors as I borrowed 'small' amounts from a lot of people (I fell into the dreaded pay day loan cycle.) Because of this I am finding it very hard to keep track of who owns my debt. I am getting letters from people for a debt I am already paying off with someone else! I am worried that my money is going to the wrong places and that I will have to pay off the same debts twice.

I have an idea and I would like to hear your opinion. I know that often if you can offer a lump sum to clear off say 50-75% of a debt then many companies will accept this and write the rest off. My idea is to stop paying the amounts I am currently paying and pay them £1.00 a month. In the meantime I will save up money to enable me to target each debt separately and offer lump sum payments as and when I can afford to.

The positives I can see are that:

-I will be paying less back than what I currently will have to with my DMP.
-I will pay them off quicker.
- I know I am paying the right people as I will be negotiating with them directly.

The negatives
- I will need to pull out of my CCCS repayment plan.
- It will take a lot of organising on my part, but something I am willing to do if it will work.
- The companies I am paying £1 to will not be happy!

I am due to get a pay rise soon, so I am keen to make the best decision which will see me debt free in the quickest time.

Thanks

Becky

Edit: Just to add that I will be able to save at least £300 a month, and even more after my promotion.

LadBroke

I have amassed a total debt of £11000 and recently been in touch with CCCS about my situation.
Following their advice I have informed all my creditors in writing that I am about to enter a "Debt Management Plan". A few minutes ago, one of the creditors to whom I had written - "Everyday Loans" - has contacted me, suggesting that it was not worth me entering a "Debt Management Plan" when only three payments were outstanding (which I have not been aware of at all !).
Obviously they are trying to "trick me" into taking a new loan and I am thinking whether it is actually worth doing it ? After all, entering the DMP will affect my credit file in a completely different way, compared to taking a new loan ?

I have not returned my completed documents to CCCS yet and am wondering now what's the best thing to do ?

StepChange_Pavan

soontobesensible wrote: »

Hi there,
I may well be made bancrupt soon and I was wondering if my NHS pension could be used by an official receiver to pay off my debts? I have a few years to go yet before i can access it.:(

Hi soontobesensible and thanks for your post.

Bankruptcy shouldn’t affect your pension if you can’t access it right now, but you should get some free and impartial advice to be sure.

This leaflet from the Insolvency Service might help: http://www.bis.gov.uk/assets/insolvency/docs/publication-pdfs/pension.pdf.

If you’d like some more detailed advice, please give us a call so that we can go through your options and the implications and make sure that it’s the best solution for you. We have a specialist bankruptcy support team that can help and advise you through the process. You can call us on 0800 138 1111.

I hope this helps.

Kind regards,
Pavan

StepChange_Pavan

Becks5000 wrote: »

Hi,

I've been in a debt management plan for 6 months with the CCCS, and owe approx £14K. I have lots of different creditors as I borrowed 'small' amounts from a lot of people (I fell into the dreaded pay day loan cycle.) Because of this I am finding it very hard to keep track of who owns my debt. I am getting letters from people for a debt I am already paying off with someone else! I am worried that my money is going to the wrong places and that I will have to pay off the same debts twice.

I have an idea and I would like to hear your opinion. I know that often if you can offer a lump sum to clear off say 50-75% of a debt then many companies will accept this and write the rest off. My idea is to stop paying the amounts I am currently paying and pay them £1.00 a month. In the meantime I will save up money to enable me to target each debt separately and offer lump sum payments as and when I can afford to.

The positives I can see are that:

-I will be paying less back than what I currently will have to with my DMP.
-I will pay them off quicker.
- I know I am paying the right people as I will be negotiating with them directly.

The negatives
- I will need to pull out of my CCCS repayment plan.
- It will take a lot of organising on my part, but something I am willing to do if it will work.
- The companies I am paying £1 to will not be happy!

I am due to get a pay rise soon, so I am keen to make the best decision which will see me debt free in the quickest time.

Thanks

Becky

Edit: Just to add that I will be able to save at least £300 a month, and even more after my promotion.

Hi Becky and thanks for your question.

You’re right that you can offer settlement figures to clear the debt for less than is outstanding. This is usually an option for people who come into a lump sum of money or have someone that is willing to lend you the money.

However, if you don’t have the money at the moment we wouldn’t usually recommend saving your payments towards settlements unless it would take you a very short period of time to save the money.

There are a few reasons for this:

• Your creditors can continue to add interest and charges which would increase the debts over the time you’re making token payments
• If your creditors have already seen a copy of your income and expenditure (which they will have if you’re on a DMP), they will question why you are now unable to maintain the agreed payments.
• They could take court action such as applying for a CCJ, especially if they’re not happy with the reason behind offering token payments.

Ultimately, it’s your decision but the best thing to do is to give us a call to discuss your options. If a DMP isn’t for you we can explore any other solutions that might be available to you. Remember that when your income increases, the term of your plan will also decrease.

I hope this helps.

Kind regards,
Pavan