hello my name is laccal and i am in debt

laccal

Hi

THIS IS MY FIRST POST, SO HERE GOES……….

I HAVE BEEN STRUGGLING WITH FINANCES FOR ABOUT FOUR YEARS NOT WANTING TO ADMIT I HAVE ANY MONEY PROBS.

I HAVE A GOOD JOB BUT THE PROBLEM WAS MY WIFE AND I ENJOYED GOOD HOLIDAYS AND A NICE LIFE. UNFORTUNATELY MY WIFE LEFT HER JOB ABOUT FOUR YEARS AGO. I LOOKED AFTER THE FINANCES AND BECAUSE SHE WAS SO UPSET AND STRESSED I TOLD HER THAT WE WOULD MANAGE.

UNFORTUNATELY THAT WAS NOT THE CASE AND THE SHORT VERSION IS I WAS TOO SOFT AND CARING TO TELL MY WIFE AND WE CONTINUED OUR LIFESTYLE.

THE DEBTS INCREASED AND I STARTED HIDING THE BILLS AND EVENTUALLY GOT A P.O. BOX SO THAT NO MAIL WOULD COME TO THE HOUSE. MY WIFE OCCASIONALLY ASKED WHERE ALL THE LETTERS WERE BUT I SAID THAT A LOT WERE NOW ON LINE AND I ALSO USED TO PUT A FEW THROUGH THE DOOR TO PRETEND THE POSTIE HAD BEEN (YES I KNOW THAT’S SAD, BUT I WAS DESPERATE)

OVER THE LAST FEW MONTHS MY WIFE STARTED NOTICING THE ACCOUNT BEING OVERDRAWN JUST AFTER PAYDAY AND OTHER SMALL SIGNS SO SHE WENT TO THE POST OFFICE AND FOUND OUT THAT ALL THE MAIL WAS THERE.

SHE COLLECTED IT AND OPENED IT AND FOUND THAT I HAD DEFAULTED ON NEARLY EVERY CARD (SHE DID NOT KNOW I HAD SO MANY CARDS) AND FOUND A FEW OTHER BITS OUT ABOUT MY LACK OF FINANCES.

SHE OBVIOUSLY WENT NUTS AND THREATENED TO LEAVE ETC (I DID NOT BLAME HER) BUT WHEN SHE NOTICED HOW SAD AND BROKEN I WAS SHE STARTED TO HELP.

SHE STILL THINKS THAT THE DEBT (ABOUT 100K) WAS THROUGH GAMBLING BUT I TOLD HER AND AM TELLING ALL YOU NICE AND CARING PEOPLE THIS WAS NOT THE CASE. IT WAS JUST I COULD NOT SAY NO TO ANYTHING SHE/I OR WE WANTED.

WE CONTACTED PAYPLAN AND THE VERY HELPFUL PEOPLE WENT THROUGH THE INCOME AND EXP. AND CONFIRMED THAT I HAD A SURPLUS OF £104.

I HAVE STARTED PAYING THEM AND MOST OF MY CREDITORS HAVE BEEN MORE THAN HELPFUL (EXCEPT FOR EGG WHO DEFAULTED AND CCJ ME IN APPROX 2 MONTHS FLAT)

MY WIFE HAS BEEN SUPERB. SHE HAS TAKEN OVER ALL THE BILLS AND WE ARE NOW BETTER OFF THAN BEFORE. I DO AS MUCH OVERTIME AS POSS. SO THAT I CAN PAY PAYPLAN MORE SOME MONTHS

I HAVE BEEN LOOKING AT THIS WEBSITE FOR THE PAST FEW MONTHS AND CAN NOT BELIEVE THE HELP EVERYONE OFFERS SO I HAVE DECIDED TO WRITE MY STORY AND TRY, IF POSSIBLE TO ASSIST OTHERS


I HAVE A COUPLE OF QUESTIONS

1/ WHEN I HAVE EXCESS MONEY SHOULD I GIVE TO PAYPLAN OR SAVE IT AND PAY A CREDITOR OFF AT A TIME IN BULK

2/ EGG BAMBOOZLED ME AT MY LOWEST. I DID NOT GO TO COURT AND SO THE JUDGE FOUND ME GUILTY IN MY ABSENCE. CAN I NOW CONTEST THIS? NOT THE FACT THAT I OWE IT JUST THE FACT IT IS A CCJ AND LINKED TO MY PROPERTY WHEN IT WAS A CREDIT CARD NOT SECURED LOAN

3./ THIS ONE IS FOR THE LEGAL EXPERTS AMONGST YOU.
MY MORTGAGE IS WITH ABBEY. IT IS A FLEXIBLE MORTGAGE WHICH MEANS THAT ABBEY WILL NOT LET ANYONE PUT A CHARGE ON THE HOUSE AND THIS IS IN THE TERMS AND CONDITIONS THAT I HAVE. I TOLD ABBEY THAT EGG HAVE DONE THIS AT COURT AND THEY SAY THE CHARGING ORDER CANNOT BE REGISTERED ON MY PROPERTY. THEY ALSO SAID THAT EGG DID NOT WRITE TO TELL THEM THEY WERE DOING THIS (EGG SAID THEY DID).
HAS ANYONE ELSE HEARD OF THIS OR KNOWS WHO IS RIGHT AND WHAT IF ANYTHING I CAN DO TO SORT IT OUT

SORRY FOR THE LONG THREAD BUT IT IS MY FIRST TIME AND I THOUGHT I SHOULD GIVE THE BACKGROUND


HELLO MY NAME IS LACCAL AND I AM IN DEBT

newleafer

Hi Laccal,

Firstly well done for facing up to your debt, yes your wife found out and made you face it, but at the end of the day your desling with it now. :T

Keep it up.

I cant help with your questions but I just wanted to say Well done, and Welcome everyone here is helpful an I think your find us a nice bunch!

:beer:

frankie1_2

I really feel for you, it must have been hell for you and your wife over the past few months. You must have been feeling bad for much longer, as I think many of us have had similar experiences.
The members of this site will really make you feel welcome and provide you with great advice.
I would recommend that you use Payplan as they are recognised by many banking and credit institutions and your ceditors would be more likely to feel you are treating your circumstances seriously.
I cannot advise on the Egg situation, other than I have a similar flexible mortgage with Abbey and I know that there can be no charges made on this.
I'm a bit surprised that they moved to court so quickly. I have a number of creditors continually ringing me who have not yet agreed to my payments through Payplan. I hope they do not take the court route.
Good luck to you. There are plenty of us in similar circumstances:beer:

beverleyhills

Laccal

Welcome to MSE.

I think that the answer to your first question is that if you can save is to pay off one of creditors and then tell payplan.

Someone else better qualified will answer your questions.
Good luck.

chatta

Good luck to you both, sounds like you will be ok. Lots of clever people here to help you. ( I don't mean me)

laccal

thanks for the kind words. any help on the questions would be a great help

regards

laccal