Hiding your debts? Think you can cope on your own?

Rochdale_Guy

katy721 wrote: »

Hey RG

Like others have said you need to change your wage details sharpish so they get paid into your new bank account, otherwise if they get paid into your overdraft account the £200ish will get swallowed by the overdraft.

That would leave you with £200 less for the month. You then couldn't use your overdraft to get the £200 back as it would be borrowing money again which you shouldn't do on a DMP.

If your wages get paid into the new account, you will then make small payments according to your DMP into the overdraft account to eventually pay off the overdraft and close the account.

So...

Change wage details to go into new account
Cancel direct debits coming out of overdraft account


Hope that helps!

And if I have got any of it wrong, someone more experienced will correct me I'm sure

Thanks

I have already cancelled the direct debits for my loan and credit cards, and the Co-Op man said he'd arrange transfer of my other direct debits

I just need the new bank account details to come tomorrow so I can phone up Payroll on Monday.

As for closing my current bank account, how can I when I technically "owe" them £198.99 in an overdraft?

Rochdale_Guy

BlushingRose wrote: »

If they can't do this for this pay day when get them to give you a cheque instead.

Can they do this?

Forget the old account - it is now a debt account. You might not be over your OD limit, but an OD is still borrows money - ie, a debt.
In fact, write a letter to your old bank, requested that they close the account with immediate effect.

As in the above post, aren't I being extremely cheeky writing and requesting they close the account with immediate effect when I owe them money from the overdraft?

Rochdale_Guy

rdchick wrote: »

Hiya

This is my 1000 post so feel lucky haha

Congrats on 1,000 posts :j:beer:

Also, this is a smiling biscuit:


ahh BN's where did they go?!

xxx

:rotfl:

Rochdale_Guy

BlushingRose wrote: »

Well done!!! :T

Thank you too :beer:

rdchick

If you close the account you still have to pay back the overdraft, it is technically a loan just connected to your bank account.

Mine is £3000! and it's maxed out :eek:

So by closing the account (they will probably do this anyway when you enter the DMP as they know you won't be using that account) you can enter a payment plan into paying it back - which is what CCCS will set for you.

Rochdale_Guy

rdchick wrote: »

Mwhahaha but what did happen to them?! Xxx

Sorry to disappoint you but....

http://en.wikipedia.org/wiki/BN_Biscuit and

http://www.unitedbiscuits.com/our-brands.php?rnd=PAgdBhmkmeLF94dqi7lZmyTPqV2vvVH8EDmDtYcbPgc%3D

and especially for katy721, rdchick and you other BN biscuit fans (I've never heard of them!), reminisce here:
http://www.youtube.com/watch?v=WJOigxTwiIA

:rotfl: :rotfl: :rotfl:

rdchick

I was in Primary school when they came out.... Yep primary school! We used to sing it as the posh kids got them in their lunch boxes xxx

Rochdale_Guy

rdchick wrote: »

If you close the account you still have to pay back the overdraft, it is technically a loan just connected to your bank account.

I know I have to pay back the overdraft, but if I go in and say I want to close the account, they'll see I have cancelled all my direct debits to the credit cards (I have an RBS Visa card ) and to the car loan, and see I have no salary being paid in anymore and will know I owe them nearly £200, so why will they let me close it? I do have my thick hat on tonight

Mine is £3000! and it's maxed out :eek:

OMG

So by closing the account (they will probably do this anyway when you enter the DMP as they know you won't be using that account) - WHO? RBS or CCCS? - you can enter a payment plan into paying it back - which is what CCCS will set for you.

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Rochdale_Guy

rdchick wrote: »

I was in Primary school when they came out.... Yep primary school! We used to sing it as the posh kids got them in their lunch boxes xxx

Jeez! I was born in 1970 and I still don't remember those!

By the way, this has NOTHING to do with my thread, but I can't get this tune outta my head. It's gonna be Number 1 for sure....
http://www.youtube.com/watch?v=lLG1fnDioMY&ob=av2e

It's soooooooooooo likeable and as I'm happy for once, I really dig this! :rotfl:

rdchick

Yeah me have scary debts but should be debt free by this time next year yay!

I'm pretty sure if you just wrote them a letter saying close my account they would have no other choice but to, especially if you say you're entering a DMP with CCCS.

And RBS should close your account once CCCS have been in contact with them, I am not 100% sure on that as I haven't been in a DMP but I think that's how it works, if no one replies tonight you can always call CCCS to clarify everything, it's what they are there for xxx