CCCS and Payplan Question! Newbie

joeblack066

This is similar to what payplan told me, but at the same time said that I am not insolvent due to the equity in the property that I own, and I feel worse now than I did before I called them! I am working on a plan of my own, and hope to talk to CCCS after advice from this site. Good luck! Debs :snow_grin

jillie1974

yu should get everything in the post in the next couple of days anyhting you're not sure bout call them !
they are there to help

mattp_3

When both Payplan and CCCS state that they are ethical companies with regards to the Income and Expenditure details they mean they are acting on guidelines set by someone like the British Banking Association or the Citizens Advice. If you are living on a shoestring and only enter a tiny amount for housekeeping, creditors may well reject your offer of repayment because they do not believe it is realistic for you to live off such a small amount. You need to budget for unexpected emergencies really, so they are just being realistic - if you manage to save additional money over a few months, then send Payplan a small lump sum and they will distribute it to your creditors?

chevalier

I think that the way CCCS or Payplan do it, is that they prioitise your debts. Ie such that your mortgage/rent, council tax, utilities and food are paid in full. Then they take what is left after these payments to distribute to your other creditors. If you were going to only make minimum payments to the above, then this might be why your figures don't tally with what CCCS (Payplan?) have said.

But best to check with them if you think the figures are wrong
chev

looby75

mattp wrote:

if you manage to save additional money over a few months, then send Payplan a small lump sum and they will distribute it to your creditors?

Does anyone know if you can do this with CCCS as well?

madduck

Yes you can. Even though you pay by direct debit, there is a bank giro credit slip at the bottom of your monthly statement if you want to make an additional payment. To be on the safeside, I'd also call them to let them know that it is on its way.

Millionare

Thanks for the help, You are right guys payplan are being right, i was trying to live off a shoestring, its just thats how badly i wanted to avoid bankruptcy!

im getting over the shock of having to go bankrupt in the very near future. just waiting for cccs to ring and see what they say.

david_hellier

Hi . Perhaps you should show CCCS these figures. They show you are overspending by £53.44 without food. Therefore your repayments need to be adjusted and the accounts frozen to generate enough money to pay for food. In the meantime if you can increase your income by about £150 per week you will have a bout £100 per week to spend on food. Do not borrow any more money and stop using credit cards for any more purchases.

Good luck, the figures are as follows:

income weekly monthly
self 613.00
partner
benefits 353.99
cb 68.90





total 0.00 1035.89 divide by 4.33
£239.05

£239.05 total weekly income

spend weekly monthly
rent/mortgage 220.00
council tax 42.00
elec 15.00
gas 15.00
water 10.75
secured loans
TV licence 5.25
fines 0.00
phone 10.50
tax 35.00
car ins 23.33
petrol 30.00
bb 17.99
mot 3.75
road tax 12.50
mob 22.50
od payoff 20.00
hsbc cc 405.90
loan 204.90
cahoot 20.00
cahoot cc 25.00
if cc 128.10








total 0.00 1267.47 divide by 4.33
£292.49

£292.49 total weekly spend

Start= income - spend = -£53.44 per week