Approaching creditors due to change of circumstance

john_kent

Hi

In the last 10 months or so , I have manegd to talk to all my creditors and for about 9 months been making all the payments.

However, I am really starting to struggle with daily life.

I had to give up my part time job due to a conflict of intrests pending a crimminal case. Obviousley I cant go into details , but I hope to be back working in next few weeks.

I have managed to cover repayments as agreed with my creditors using wages from my main job and a pay rise/bonus.

However , my parents are moving to another part of the country and I therefore have to get myself a flat to live in.

Has anyone had any success in approaching creditors with a reduced payment due to a change in circumstance.

John

Tustastic

Hi John, well done for getting this far and happy new year.
Re finding somewhere to live because your parents are moving, do you mean that you plan to find a flat to live in on your own? The cheapest thing would be a flatshare or bedsit or even just a room in someone else's home.

john_kent

I cant see me flat sharing , as I have a very strange work pattern that has start and finish times as ealry as 3am and as late as 11pm.

I also will have a lot of IT kit I need for my job that will need to come with me.

I feel renting is the only real option at the momet . I am looking for just a 1 bed place.

fatbelly

Hi John

This sort of thing hapens all the time.

I always think involving a third party (CCCS, Payplan, CAB) makes the process a bit easier.

Are you sure this is the best option for you? These organisations would look at the whole picture and advise you.

bobbie78

I don't know what area you live in but I do similar work with random hours and lots of kit in my room. I do live in a shared house though, I wouldn't rule it out straight away as they aren't the student dives they used to be. Where I live (and in most big towns it seems) if you live in a "professional" shared house i.e. no students you can have a big double room, with en-suit if you must, sky+ in the living room, a cleaner to do the bathrooms / kitchen and shared areas, internet and all bills included for 1 fixed payment a month which works out to be a lot lot less than a single or double bed flat + bills.

If your hours are that random you shouldn't have to worry too much what the other people are like (just check no one has a drum kit or anything that might wake you up if you work nights).

You can look on fish4 for rooms to rent, or there are a few find a room mate sites to give you an idea what benefits you can get in a similar area for similar price, eg cleaner, sky etc and if you sign up you can advise what you are looking for and people will email you so you can look at their places if you want to.

I can't advise on the other stuff you posted about, but apart from the fact one of my house mates does have a drum kit I get a lot more benefits eg sky, huge bed room and the cleaner, which I'd never afford on my own and for a price which is 200 quid cheaper a month than a 1 bed place where I'd have to pay bills and probably end up with less space. Oh and you can get room insurance to protect your stuff as long as there is a lock on your bedroom door, the same as you'd need contents insurance I'm assuming depending on how much and what kind of stuff you have.