Plan of action??? Help plz

RAS

spursfan14 wrote: »

I would say bankruptcy is a final final option. It is very expensive and seriously harms your credit rating. .

Hi

BR is not very expensive but it does have to be reported any time you are asked, for the rest of your life, as does an IVA.

A debt managment plan also affects you credit rating, but this will clears eventually (depending on when the creditors default your record). In your situation most will have already done this, within 6 months of your last payment.

You should take advice from CAB, CAP, NDL or CCCS before deciding what to do.

abc11

It looks like pre-payment would be a cheaper option for hubbie, I'm still getting maternity exemption but that finishes in a few months but I only get 1 prescription a month regularly. The rest of that amount was for contacts and towards yearly dentist and opticians. Is that allowed??

abc11

Perhaps being optimistic but if I managed to get the CCJ's set aside and then stayed quiet for the next 18 months (Some were defaulted in 2006 and some 2007 but I know I would not have made a payment after April 2006 and in most cases the last payments would have been around December 2005) would my credit rating have a better chance of recovery than if I went bankrupt? Also how easy or not is it to get CCJ's set aside based on never receiving any paperwork because I was out of the country??

Thanks everyone......

RAS

abc11 wrote: »

Perhaps being optimistic but if I managed to get the CCJ's set aside and then stayed quiet for the next 18 months (Some were defaulted in 2006 and some 2007 but I know I would not have made a payment after April 2006 and in most cases the last payments would have been around December 2005) would my credit rating have a better chance of recovery than if I went bankrupt?

Are you on the electoral roll? Since you have done a credit check, you may have alerted creditors to your return to the UK.

However, if they do not spot you, then the debts become unenforceable 6 years after the last payment or written acknowledgement, except the CCJs.

abc11

Yes I went on the electoral roll earlier this year and I started out with the best of intentions to sort out the problem and so got my credit report thinking I would end up in prison or something if I continued to do nothing. Oh I wish I had just kept my head in the sand.....

Does anybody know the likelihood of the CCJ's being set aside if I apply?

When I give the budget to the CCCS should I give it as above or just say the child benefit pays the council tax and any child tax credit will be used towards bills and my husband pays everything else? We normally have all the DD go out from the joint account and pay for groceries out of joint account so husband pays in x amount a week to cover these and then anything else we need to pay he pays out of his own account. Just want to leave his income out as much as possible.....

Thanks

RAS

Hi

You will not go to prison for non-payment of this sort of debts; it simply does not happen in the UK.

You must urgently close the joint bank account, as your CCJs affect OH's credit-rating.

I would actually suggest that you do not take any action on the CCJ. If the creditor does not enforce it in 6 years, then it will be difficult for them to ever get the money.

abc11

I'd thought that about the bank account, think I trip into town tomorrow needs to be pencilled in the diary!!! Any idea about joint utility bills?

After I saw the CCJ's on the credit report I rang the courts for more info and they sent me out the forms to apply to have them set aside so will they pass my details to the creditors to try and enforce the CCJ??

Ames

I think that some of you expenses should be going through your husbands business accounts, things like the petrol, internet and mobile phone.

abc11

I know I'm being stupid but this is what I don't understand. I listed everything that gets paid whether to do with the house or business because I thought I had to put in all income and expenditure from the household..

Do I only need to put in everything or just what gets paid from joint account? Could I, for example simply say Child benefit pays council tax (127), child tax credit pays Gas (75), Electric (25), Water (27), telephone (25), Internet (6), Life insurance (44), Pet insurance (25), Hotpoint (8), TV licence (12), Me college (15), Pet food (15) and other travel (20) so all the direct debits and just something to make up to whatever the child tax credit will be? Then say groceries, rent, car costs and all other living expenses paid for by husband?

Please help I'm sending myself round in circles and I don't want to put my foot in it when I speak to the CCCS. Might also pop along to the CAB tomorrow so don't wont to make things worse like I already have by trying to sort it out in the first place.....

abc11

Any advice or ideas welcomed.