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

rdchick

Rochdale_Guy wrote: »

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:

It was probably aimed at 10 year olds like I was in 1998! and what is the song it won't load on my iPad xxx

rdchick

Do not fear I got round it... Have you heard the original Seven Nation Army by White Stripes? It is great, reminds me of my teens xxx

BlushingRose

Rochdale_Guy wrote: »

Can they do this?

I have no idea, you need to ask but usually, yes.

Rochdale_Guy wrote: »

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?

Not at all, the Yorkshire Bank has now closed ours and we have an OD of 2000

BlushingRose

Just write them a letter, stating that you're entering into a DMP with CCCS. Include your CCCS reference number (if you have it yet, if not, wait till you do) and the phone number the CCCS will give you to give to creditors and tell them you wish to close the account with immediate effect and to send you a closing statement, or letter of cancellation when they have.

gemini12

Hi RG
No I hadnt seen that isnt it amazing what councils can spend our money on. I am in North Somerset at the seaside sorry that should read estuary side as there is no sea here just River Severn and lots of mud posing as sand.

Rochdale_Guy

Zip-a-dee-doo-dah, zip-a-dee-ay
My, oh my, what a wonderful day!
Plenty of sunshine heading my way
Zip-a-dee-doo-dah, zip-a-dee-ay

Zip-a-dee-doo-dah, zip-a-dee-ay
My, oh my, what a wonderful day!
Eating my cornflakes
Eating my toast
Sipping a cuppa
and checking my post...

Zip-a-dee-doo-dah, zip-a-dee-ay
My, oh my, what a wonderful day!
Plenty of snowfall heading my way
Zip-a-dee-doo-dah
....zip-a-dee-......
EH?



. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Northern Rock (Asset Management)
2nd February 2012

Dear Mr.xxxxxxx

Account No. xxxxxxxxxxxxxxxxxxxxxxx
Balance: £2,872.26
Monthly payment: £106
Amount overdue: £0.00

I have been advised by your bank that they are unable to honour your direct debit payment.

Please make a payment of the overdue amount immediately. (I don't have an overdue amount - yet).

When making payment please quote your account number on the top right hand corner of your cheque.

Please contact us on the number above if you are unable to make this payment (£0.00?).

Yours sincerely,
xxxx xxxxxx
Head of Unsecured Operations.

(and a new direct debit mandate form is enclosed.)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Well, I kind of expected this but not so soon, and they asking for a payment of the overdue amount of £0.00?

Oh dear, I'm suddenly not so cheery anymore.

I still haven't had anything in the post from the Co-Op re: my new account so will have to go in Monday dinner

But to be fair they did sent me a text saying we have now requested a copy of my direct debits and standing orders (I have none) from my current bank, from the switching team.

This is all going to go Pete Tong

I have also realised that I missed a debt off the CCCS Debt Remedy so will either have to totally redo a new one (and delay things by a fortnight or whatever it takes) or phone them 8am Monday morning with a whole new SOA including the omitted card debt.

Knew my new found happiness and relief would only be temporary

SIGH

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Rochdale_Guy

Latest SOA calculator done, not looking much better but includes ALL debts; credit cards, car loan and bank overdraft


Saturday 4th Feb 2012
Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1034
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1034

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 310
Management charge (leasehold property).. 0
Council tax............................. 68
Electricity............................. 22
Gas..................................... 20
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 24
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 18
Groceries etc. ......................... 110
Clothing................................ 7
Petrol/diesel........................... 60
Road tax................................ 12
Car Insurance........................... 92
Car maintenance (including MOT)......... 36
Car parking............................. 38
Other travel............................ 4
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 8
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 14
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 0
Entertainment........................... 5
Holiday................................. 50
Emergency fund.......................... 10
Total monthly expenses.................. 940


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 2200
Other assets............................ 0
Total Assets............................ 2200

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
MBNA Visa......................9350......296.......34
MINT Visa......................5924......133.......25
Barclaycard....................3248......99........34
RBS overdraft..................200.......0.........0
OPUS Mastercard................1676......39........37
Northern Rock loan.............2873......106.......7.4
RBS Mastercard.................3680......81........19
Total unsecured debts..........26951.....754.......-


Monthly Budget Summary
Total monthly income.................... 1,034
Expenses (including HP & secured debts). 940
Available for debt repayments........... 94
Monthly UNsecured debt repayments....... 754
Amount short for making debt repayments. -660

Personal Balance Sheet Summary
Total assets (things you own)........... 2,200
Total HP & Secured debt................. -0
Total Unsecured debt.................... -26,951
Net Assets.............................. -24,751

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.


...and their offer to creditors. I know CCCS use a different method:

SOA & Offer to Creditors
Household Information

Number of adults in household 1
Number of children in household 0
Number of cars owned 1
Monthly Income & Expense Summary

Monthly Budget Summary Amount(£)
Total monthly income 1,034
Monthly expenses (incl. HP & secured loans) 940
Available for unsecured debt repayments 94
Monthly Income & Expense Details

Income Amount(£)
Monthly income after tax 1034
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 1034
Expenses Amount(£)
Mortgage 0
Secured/HP loan payments 0
Rent 310
Management charge (leasehold property) 0
Council tax 68
Electricity 22
Gas 20
Oil 0
Water Rates 0
Telephone (land line) 24
Mobile phone 10
TV Licence 12
Satellite/Cable TV 0
Internet services 18
Groceries etc. 175
Clothing 7
Car expenses (fuel, tax, insurance etc.) 238
Other travel 4
Childcare/nursery 0
Other child related expenses 0
Medical (prescriptions, dentists, opticians etc.) 8
Pet Insurance/Vet bills 0
Buildings & Contents Insurance 14
Life Assurance 0
Other Insurance 0
Emergency Fund 10
Total monthly expenses 940
Debt Details & Offer to Creditors

Secured & HP Debt Description Debt(£) Monthly(£)
Mortgage 0 (0)
Secured & HP Debt totals 0 -
Unsecured Debt Description Debt(£) Offer(£)
MBNA Visa 9350 / 32.61
MINT Visa 5924 / 20.66
Barclaycard 3248 / 11.33
RBS overdraft 200 / 0.7
OPUS Mastercard 1676 / 5.85
Northern Rock loan 2873 / 10.02
RBS Mastercard 3680 / 12.84
Unsecured Debt totals 26951 / 94.01

Created using the SOA Calculator at https://www.makesenseofcards.com.
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Wellyboots6

Don't stress, just give CCCS a call Monday morning.

Write a list of all the questions you have so you know what you need to ask them.

It's not the end of the world, just make sure you get your wages paid in to the right account quick as

FabuLass

I know u feel bad now, but your debt will COME DOWN by almost £100 per month. You will be left with enough to live on and your debts will reduce.
You were the same as me, paying huuuuuge amounts of interest and seeing virtually NO dent in the sums you owed.

What I'm saying is, you rightly could have felt depressed then.....but not now! Now, you are finally going to see your hard earned cash finally start reducing those debts! This is great!! Please dont lose heart x

Rochdale_Guy

katy721 wrote: »

Don't stress, just give CCCS a call Monday morning.

Write a list of all the questions you have so you know what you need to ask them.

It's not the end of the world, just make sure you get your wages paid in to the right account quick as

Thank you :beer: