Time to grasp the nettle & deal with this mess

MattyA

Sunnylooloo wrote: »

What ever way you go your credit history is shot to pieces. One of my creditors mark me down as late payment even though I pay on the same day each month and one has accepted my lower payments but has defaulted on my credit history - it's a pain but I can live without credit as it stands my only problem will be when I sell my house and want to go into rented...........

I too can live without credit ....got no option now lol
I have gone to cash...but have decided not to waste any more than I have to trying to keep lenders happy ,because I cant.

MattyA

dancingfairy wrote: »

They say they won't accept token payments because they don't like it and want more (obviously) - you need to pay them regardless because I can see some dubious debt collection agencies using it against people - saying well you haven't paid us anything have you. I haven't heard a company deliberately refusing payments and then taking people to court to claim they are not paying as far as I remember but it wouldn't surprise me.
Some unscrupulous companies will use every trick in the book so you don't want to give them any ammunitition at all. Send everything recorded/signed for and don't speak to them on the phone as you will have no proof what they have 'agreed to'.
Definitely send the do not contact me by phone letter and report them if they persist as it against the rules, also they are not allowed to contact you at work.
df

Thanks for the advice

MattyA

MustBeatThis wrote: »

Luckily I'm self employed. But they rang at home, my mobile, I'd be answering one, saying hello hello, and they'd be ringing the other. It drove me mad! In the end I said I wanted to deal in writing and, having got used to which numbers they call from, I just don't pick up if they do decide to ring.

And my credit file is shot now, 5 defaults... so all my efforts to try to appease them while we got on top of things didn't really help with that regard!

Lol - Im am learning the numbers too -quickly.
Amex,mint,HFC(had a set to with a snotty cow who rang me at work today ) & now M&S ...ohhh and BOS.
Dropping them all a line tomorrow.

MattyA

Cheers northern

MattyA

Ahh well - had may telephone interview today,outcome as expected.
Debt management plan for the next 15+ years with all my outgoings cut to the bone.
There no point to that as that is the end of my life as I know it - theres now way Im working in a mega pressure job for the next 15 odd years for nothing.
Sooooo its plan B - Fight.
First batch of letters sent out today telling my lenders that Im in trouble & that I cant afford the minimum monthly payments & offering them a token payment whilst I receive proffessional advice.
Lets see what their response is - I can guess as the phone calls are gaining moment both at home & work.

stevieb1

MattyA wrote: »

Ahh well - had may telephone interview today,outcome as expected.
Debt management plan for the next 15+ years with all my outgoings cut to the bone.
There no point to that as that is the end of my life as I know it - theres now way Im working in a mega pressure job for the next 15 odd years for nothing.
Sooooo its plan B - Fight.
First batch of letters sent out today telling my lenders that Im in trouble & that I cant afford the minimum monthly payments & offering them a token payment whilst I receive proffessional advice.
Lets see what their response is - I can guess as the phone calls are gaining moment both at home & work.

snap! im sitting in the exact same situation as you are

ive given myself 5 years to have just the mortgage left to pay off

MattyA

stevieb1 wrote: »

snap! im sitting in the exact same situation as you are

ive given myself 5 years to have just the mortgage left to pay off

Thought you might be from the first time I saw your posts.
Lets keep in touch ....maybe we can help each other get through this from lessons learned along the way.
one thing for sure I am not DMPing it....I am going to fight to try cancel as much debt as i can by whatever means available.
UE Debt,PPI reclaims,charge reclais on older accounts.

Last resort BR....once I have gone along this path as far as I can.

How about you?

stevieb1

MattyA wrote: »

Thought you might be from the first time I saw your posts.
Lets keep in touch ....maybe we can help each other get through this from lessons learned along the way.
one thing for sure I am not DMPing it....I am going to fight to try cancel as much debt as i can by whatever means available.
UE Debt,PPI reclaims,charge reclais on older accounts.

Last resort BR....once I have gone along this path as far as I can.

How about you?

im the same .. i have a LTD company which has "issues" which will determine the BR route .. if i am responsible for the debts that will increase mine by another 10k ish which might be the tipping point.
but in all honesty i would rather knuckle down and plough into things see what i can get from where.

I have a diary running ^^ up there which im going to attempt to keep updated daily as to what i spend/do etc to try and get out of this situation im in.

MattyA

stevieb1 wrote: »

im the same .. i have a LTD company which has "issues" which will determine the BR route .. if i am responsible for the debts that will increase mine by another 10k ish which might be the tipping point.
but in all honesty i would rather knuckle down and plough into things see what i can get from where.

I have a diary running ^^ up there which im going to attempt to keep updated daily as to what i spend/do etc to try and get out of this situation im in.

Ok - good luck to you.
I will pop in to look in at your dairy to see how you are getting on from time to time & I am also going to post what I have been upto on here as often as I can.

Good luck - I will try to help from my experiences as I go along.

Regards

Matt