CCCS or Payplan

makemedebtfreeplease

Hello, Im a long time lurker trying to sort out our debts - have been trying to make payments to all of our creditors and just dont seem to have enough money by far each month even though myself and DH constantly working overtime and never see each other

After looking at the threads on here I think our best option is going to be a DMP as I cant realistically seeing them getting cleared any other way as we are just paying interest and charges every month

I would love a bit of advice from people that have started the process as to which service is the easiest/best to use - CCCS or Payplan?? I want to make the right decision so we can start moving forward and try and get our lives back and start to sleep at night!!!

Thank you x

makemedebtfreeplease

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 1300
Benefits................................ 134.8
Other income............................ 0
Total monthly income.................... 2534.8
Monthly Expense Details
Mortgage................................ 820
Secured/HP loan repayments.............. 429
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 156
Electricity............................. 40
Gas..................................... 50
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 11
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 280
Clothing................................ 0
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 20
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 24
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 0
Buildings insurance..................... 12
Contents insurance...................... 8
Life assurance ......................... 30
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2115

Assets
Cash.................................... 0
House value (Gross)..................... 210000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 214000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 147000...(820)......NaN
Secured Debt.................. 48000....(429)......NaN
Total secured & HP debts...... 195000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
egg............................4527......80.1......0
barclaycard dh.................7513......130.......NaN
next...........................1170......120.......NaN
natwest loan...................8893......312.......0
natwest overdraft..............2500......0.........NaN
natwest........................2569......50........NaN
virgin.........................3995......75........NaN
very...........................911.......60........NaN
barclaycard....................1035......15........NaN
littlewoods....................1411......75........NaN
Total unsecured debts..........34524.....917.1.....-

Monthly Budget Summary
Total monthly income.................... 2,534.8
Expenses (including HP & secured debts). 2,115
Available for debt repayments........... 419.8
Monthly UNsecured debt repayments....... 917.1
Amount short for making debt repayments. -497.3
Personal Balance Sheet Summary
Total assets (things you own)........... 214,000
Total HP & Secured debt................. -195,000
Total Unsecured debt.................... -34,524
Net Assets.............................. -15,524



Myself and dh both do a lot of overtime at the moment so we are keeping afloat most months but it just isnt sustainable for the next 5 years at least, getting no quality time as a family and just worn out and feel like crying all of the time

If you spot anything we can change I would love to hear it, thank you

WASHER

makemedebtfreeplease wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 1300
Benefits................................ 134.8
Other income............................ 0
Total monthly income.................... 2534.8
Monthly Expense Details
Mortgage................................ 820 - interest only or repayment?
Secured/HP loan repayments.............. 429 - how long left on this loan?
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 156
Electricity............................. 40
Gas..................................... 50
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 11
Mobile phone............................ 40 - lower the packages
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0 - do you not have the internet?
Groceries etc. ......................... 280 - is this what you think you spend? or is it actual?
Clothing................................ 0 - you must buy clothing, you have children
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 20
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 24
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 0
Buildings insurance..................... 12
Contents insurance...................... 8
Life assurance ......................... 30
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20
Entertainment........................... 0 - you need to pop something into here.
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2115

Assets
Cash.................................... 0
House value (Gross)..................... 210000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 214000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 147000...(820)......NaN
Secured Debt.................. 48000....(429)......NaN
Total secured & HP debts...... 195000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
egg............................4527......80.1......0
barclaycard dh.................7513......130.......NaN
next...........................1170......120.......NaN
natwest loan...................8893......312.......0
natwest overdraft..............2500......0.........NaN
natwest........................2569......50........NaN
virgin.........................3995......75........NaN
very...........................911.......60........NaN

Myself and dh both do a lot of overtime at the moment so we are keeping afloat most months but it just isnt sustainable for the next 5 years at least, getting no quality time as a family and just worn out and feel like crying all of the time

If you spot anything we can change I would love to hear it, thank you

I have commented in the SOA. Do you bank with natwest? If, so I would immediately apply for another bank account to pay salary into, if Natwest find out about your financial difficulties they can and do take your salary without warning to repay Natwest Debt, and it is perfectly legal. It is called setting off, Martin has an article about it, I will find it and post the link.

Well done for posting, you do need help from a debt charity, I would personally recommend the CCCS, I have heard very good things about them.

WASHER.x.

WASHER

http://www.moneysavingexpert.com/banking/setting-off

A link to setting off - READ IT PLEASE.

runaroundpauper

i am no expert i am just a ordinary guy trying to clear debts .i have noticed you have 2 children and benefit totalying 134.8 pounds if this is child benefit, then you may be entiled to child tax credits if you are bringing in joint wage of 2400 a month which is 28800 a year cut off for child tax credits is i think 40000 a year if you cut the overtime back you could be entitled to more child tax credits and spend more family time together but you will have to click the link on martins web site and do a benefits checkup just an idea i am a newbe but have been looking at the forum for ages and have joined now the banks have really got my goat up and there are some really helpfull and wise people on this site

makemedebtfreeplease wrote: »

Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1100
Partners monthly income after tax....... 1300
Benefits................................ 134.8
Other income............................ 0
Total monthly income.................... 2534.8
Monthly Expense Details
Mortgage................................ 820
Secured/HP loan repayments.............. 429
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 156
Electricity............................. 40
Gas..................................... 50
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 11
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 280
Clothing................................ 0
Petrol/diesel........................... 80
Road tax................................ 10
Car Insurance........................... 20
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 24
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 0
Buildings insurance..................... 12
Contents insurance...................... 8
Life assurance ......................... 30
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 2115

Assets
Cash.................................... 0
House value (Gross)..................... 210000
Shares and bonds........................ 0
Car(s).................................. 4000
Other assets............................ 0
Total Assets............................ 214000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 147000...(820)......NaN
Secured Debt.................. 48000....(429)......NaN
Total secured & HP debts...... 195000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
egg............................4527......80.1......0
barclaycard dh.................7513......130.......NaN
next...........................1170......120.......NaN
natwest loan...................8893......312.......0
natwest overdraft..............2500......0.........NaN
natwest........................2569......50........NaN
virgin.........................3995......75........NaN
very...........................911.......60........NaN
barclaycard....................1035......15........NaN
littlewoods....................1411......75........NaN
Total unsecured debts..........34524.....917.1.....-

Monthly Budget Summary
Total monthly income.................... 2,534.8
Expenses (including HP & secured debts). 2,115
Available for debt repayments........... 419.8
Monthly UNsecured debt repayments....... 917.1
Amount short for making debt repayments. -497.3
Personal Balance Sheet Summary
Total assets (things you own)........... 214,000
Total HP & Secured debt................. -195,000
Total Unsecured debt.................... -34,524
Net Assets.............................. -15,524



Myself and dh both do a lot of overtime at the moment so we are keeping afloat most months but it just isnt sustainable for the next 5 years at least, getting no quality time as a family and just worn out and feel like crying all of the time

If you spot anything we can change I would love to hear it, thank you

WASHER

Runaround pauper, anything we can help you with? I read your post about the bank? If you want to post, please do and you will get lots of advice, you will need to start a new thread.

Welcome to the DFW board and MSE.

WASHER.x.

System

Hi, I'm with Payplan and have been for over 4 years now and they have been great. From my experiences on here I would say that both are equally held in fairly high regard by the creditors. I would say IMHO that CCCS are probably stricter when it comes to accepting people for DMPs/IVAs and Payplan are probably more flexible when it comes to circumstance change. Whomever you choose, good luck and keep posting on here. This place really did change my life.

Deep_In_Debt

I'm with CCCS and they have helped me enormously. Some people like CCCS, some like PP so it's entirely up to you as to who you feel most comfortable with. In the mean time, check out the CCCS website and do their debt remedy on line and that will give you a starting point as to the best way forward for you. Good luck. It does get easier, honest and you've made the first step by recognising your debts and wanting to deal with them.

goingforward_3

With 2 children you should be getting the basic child tax credit which is about £39 every 4 weeks.

I'm about to start a DMP with CCCS.. i can only tell you my experiance which is so far they have been really helpful.

makemedebtfreeplease

thank you for all your feedback so far, already i dont feel so alone and at a dead end

I have got internet but it is included in the £11 we pay for phone - it is with Sky on the free internet with phone line package, we used to have the full package but cancelled it all quite a while ago now

We will start to get some child tax credits in September, just the minimum £40 odd pounds, but I was made redundant last year and for the few months that I wasnt working they overpaid us so since last year we havent been getting anything from them

I think the first couple of things i need to do is get us a basis bank account away from Natwest and fill in either payplan/cccs form, still unsure which but I will have a proper look at websites

if i think about it in small steps then i dont think it will seem so unmanageable, i hope

lindann_2

with payplan, we had to change bank accounts because we had debt relating to rbs, we went with yorkshire, as it is on own, but we had too get only a basic account, because of the problems with banks, no cheque, cash card, direct debits etc. It was hard at first, but it got easier to manage well its the case of having too, oh and no overdrafts. Payplan was very good, they did make it easy for us, facing the creditors, cccs is ok, but that is through the CAB, they wanted us to go to them, they would make creditors accpt very low payments as a £5 aweek, but we would be forever paying it, So l am glad to get to payplan. it has been a big learning curve, borrowing over draft, credit cards is like using other peoples money, with lots of interest, best of luck, you will be doing a budject sheet with payplan, then what is left,
they pay creditors pro rata. This is a budject guidence from payplan, hope you can read it, hugs linda good luck xx
not all of it, would be used etc according to your needs, what they are aiming for, is paying all bills which by law council tax etc. house hold mortgage, uitilities, food, a month, they pay four weekly, so payments will 13 over the year. What is surplus will go to each creditor in a pro-rata, also they will ask for insurance which works out at ten pound for two people, it good insurance it well covers your debts with extra, it is only while the debt plan in force it closes after debts paid.. some of these amount can increase, like limit on electric bill, we tell them what we pay monthly on direct debit. telephone, etc. we give them, figure which with virgin media, we broke down in bits. so the thing is adaptable. food bill, if you add up each person in house hold you find that the allowance is good.
couple and two teenage children is £495.00 but l could be adding up wrong etc..


Item name Amount
Mortgage/rent Variable
Payment to arrears on mortgage/rent Variable
Second charge on property Variable
Payment to arrears on second charge Variable
Private pension Variable – Must be justified
Building and contents insurance Variable
Life Insurance and endowment policies Variable
Electricity Maximum £50
Gas, oil, and solid fuels Maximum of £50
Telephone (including mobiles) Maximum £29 for one person /Maximum £41 for a couple/
£4 per child 013
yrs old /£7 per child 14yrs old +
Internet Maximum £20
Vehicle tax Maximum £18 per vehicle
Vehicle maintenance Maximum of £30 per vehicle
Vehicle insurance Variable – If over £44 per vehicle must be justified
Petrol (including parking) Variable Must
be justified
Public transport, trains and school buses etc Variable Must
be justified
Vehicle breakdown cover: eg AA, RAC Maximum £10
Court Fines: eg speeding etc Variable
Pets Maximum £10
Vets Bills Maximum £15
Household insurance plans: eg gas fire, boilers etc Maximum £8 per household
Council Tax ** Variable
Water Rates ** Variable
Maintenance/CSA payments Variable
Housekeeping £195 £
210 maximum for 1 st adult /£118£
146 maximum for
2 nd adult /£49 per child 013
yrs old/ £87 per child 14 yrs old +
Hairdressing Maximum £12 per person
Medical, dental, spectacles etc Maximum £20 per person
Clothes and shoes £20£
40 maximum per person
Newspapers and magazines Allowed within housekeeping
Nappies and baby milk Allowed within housekeeping
TV Licence £11.88
Laundry expenses Maximum £20 per household
HP/Rental: eg car, washing machine Variable Must
be justified
Regular subs: eg Union fees Variable
Child care Variable
House maintenance Must be justified
School, college and university fees Must be justified
Children's pocket money Must be justified
Satellite TV Must be justified
School meals Must be justified
Hobbies, clubs and societies Must be justified
Lottery tickets Not allowed
Social life Not allowed
Smoking Not allowed
Other expenditure Variable – Must be justified
** Please adjust your figures to an average per calendar month.
All Income & Expenditures have to be a true reflection of actual Income and Outgoings, based on
realistic figures, and justifiable; Creditors are within their rights to request proof of Income and Outgoings at any point