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I want to be Debt Free
Kieron26
Posts: 52 Forumite
Hello,
About 5 and a half years ago I went mad with money and now regret it as my credit files are shot to pieces.
Now the big question is . . .
WHERE DO I START ???
I realise that 2 have dropped off already and do not show as the 6 years have passed. . .
By the looks of it a few more are due to drop off as well soon. So am I best to wait until the ones that are nearly about to drop off do so and then atempt to sort the recent things out.
Im only on JSA at the moment
1, Where do I start ?
2, I know I have a CCJ aswell for £247 and have offered £1 a month that has been accepted forst payment is on 4th April via SO through internet banking.
3, Credit Expert says I have 145 linked addresses, this is mainly the same 4 or 5 addresses but when I have applied for things online in the past due to moving around a lot I have not been able to remember exact dates and the order in which I had lived in various places, this is also the same with months and years as there is some the same but with slightly different dates.
4, Also on the 4th one up on Equifax i notice there is no default date although it was a DCA, I paid the £51 and dont have a clue when this will come off.
I have not received hardly any letters now to what I did 4 or 5 years ago. I have not had any contact from any DCA apart from recent Lloyds ones.
Helpful Tip: - IF YOU HAVE PROBLEMS READING IMAGES AS SO SMALL TRY HOLDING CONTROL AND MOVING THE SCROLL WHEEL ON YOUR MOUSE FORWARDS OR BY PRESSING CTRL AND THE + SIGN AND THEN - TO ZOOM OUT AGAIN
CREDIT EXPERT
EQUIFAX:
About 5 and a half years ago I went mad with money and now regret it as my credit files are shot to pieces.
Now the big question is . . .
WHERE DO I START ???
I realise that 2 have dropped off already and do not show as the 6 years have passed. . .
By the looks of it a few more are due to drop off as well soon. So am I best to wait until the ones that are nearly about to drop off do so and then atempt to sort the recent things out.
Im only on JSA at the moment
1, Where do I start ?
2, I know I have a CCJ aswell for £247 and have offered £1 a month that has been accepted forst payment is on 4th April via SO through internet banking.
3, Credit Expert says I have 145 linked addresses, this is mainly the same 4 or 5 addresses but when I have applied for things online in the past due to moving around a lot I have not been able to remember exact dates and the order in which I had lived in various places, this is also the same with months and years as there is some the same but with slightly different dates.
4, Also on the 4th one up on Equifax i notice there is no default date although it was a DCA, I paid the £51 and dont have a clue when this will come off.
I have not received hardly any letters now to what I did 4 or 5 years ago. I have not had any contact from any DCA apart from recent Lloyds ones.
Helpful Tip: - IF YOU HAVE PROBLEMS READING IMAGES AS SO SMALL TRY HOLDING CONTROL AND MOVING THE SCROLL WHEEL ON YOUR MOUSE FORWARDS OR BY PRESSING CTRL AND THE + SIGN AND THEN - TO ZOOM OUT AGAIN
CREDIT EXPERT
EQUIFAX:
0
Comments
-
By the looks of it a few more are due to drop off as well soon. So am I best to wait until the ones that are nearly about to drop off do so and then atempt to sort the recent things out.
Im only on JSA at the moment
1, Where do I start ?
2, I know I have a CCJ aswell for £247 and have offered £1 a month that has been accepted forst payment is on 4th April via SO through internet banking.
3, Credit Expert says I have 145 linked addresses, this is mainly the same 4 or 5 addresses but when I have applied for things online in the past due to moving around a lot I have not been able to remember exact dates and the order in which I had lived in various places, this is also the same with months and years as there is some the same but with slightly different dates.
4, Also on the 4th one up on Equifax i notice there is no default date although it was a DCA, I paid the £51 and dont have a clue when this will come off.
I have not received hardly any letters now to what I did 4 or 5 years ago. I have not had any contact from any DCA apart from recent Lloyds ones.
I'm afraid I haven't looked at the images in depth - there's really too much info ...... you'd be better to make a list of the outstanding debts and the dates of the defaults for people to comment on.
I'm afraid now you've looked at your credit reports, you may find some of the creditors make contact again so be prepared for that.
The defaults will drop off after 6 years from the dates they were issued so, as you say, some may well be due to drop off soon.
I'd also recommend doing a Statement of Affairs http://www.makesenseofcards.com/soacalc.html so we can get a better picture of your income / outgoings and debtsGrocery Challenge £211/£455 (01/01-31/03)
2016 Sell: £125/£250
£1,000 Emergency Fund Challenge #78 £3.96 / £1,000Vet Fund: £410.93 / £1,000
Debt free & determined to stay that way!0 -
Credit Expert
LLOYDS TSB BANK PLC
Entry Number: C1 | Account Updated to: 11/03/2012
Default Date:
20/05/2011
Default Balance: £271
Account Type: Current Account Started: 21/11/2008 Current Balance: £272
LLOYDS TSB BANK PLC
Entry Number: C2 | Account Updated to: 11/03/2012
Default Date: 21/02/2012
Default Balance: £104
Account Type:
Current Account Started: 03/11/2010
Current Balance: £104
ARROW GLOBAL LIMITED (OLD ADDRESS ON FILE)
Entry Number: C7 | Account Updated to: 05/12/2010
Default Date: 01/08/2006
Default Balance: £371
Account Type:
Current Account Started: 30/08/2005
Current Balance: £371
LENDING STREAM LTD (OLD ADDRESS ON FILE)
Entry Number: C8 | Account Updated to: 27/03/2011
6 payments late
£742
29/01/2012
O2
Entry Number: C10 | Account Updated to: 17/09/2006
Default Date: 18/06/2006
Default Balance: £420
Account Type: Communications
Started: 05/09/2005
Current Balance: £420
O2
Entry Number: C11 | Account Updated to: 17/09/2006
Default Date: 19/06/2006
Default Balance: £435
Account Type: Communications
Started: 06/09/2005
Current Balance: £435
O2
Entry Number: C12 | Account Updated to: 17/09/2006
Default Date: 19/06/2006
Default Balance: £436
Account Type: Communications
Started: 06/09/2005
Current Balance: £436
FORTRESS GROUP (UK) PLC
Entry Number: C13 | Account Updated to: 06/11/2011
Default Date: 19/10/2011
Default Balance: £250
Account Type: Pay Day Loans
Started: 11/04/2011
Current Balance: £250
LOWELL PORTFOLIO I LTD
Entry Number: C14 | Account Updated to: 31/08/2008
Default Balance: £51
Default Date: 25/03/2006
Account Type: Communications
Started: 07/09/2005
Current Balance: £51
LINK FINANCIAL LTD
Entry Number: C16 | Account Updated to: 05/06/2011
Default Date: 26/06/2006
Default Balance: £8,136
Account Type: Loan
Date Started: 28/09/2005
Current Balance: £8,211
145 x Linked Addresses
57 x Search Records
1 x CCJ @ £247 (Accepted £1 a month) First payment on 4th April.0 -
Hi Kieron26,
As rising has already pointed out, any of the defaults from 2006 will start dropping off your credit file this year and while it may not be exactly 6 years after the defaults have been applied, it won't be long after that. Even though the defaults have gone, you may still get debt collection agencies contacting you to try to get you to pay, but if you haven't ackowledged the debt or paid anything towards it for 6 years or more, then these debts will be statute barred. As you have just got a copy of your credit file, the calls and letters will probably start again fairly quickly. As you are on jobseekers allowance, there obviously isn't that much money available, but they will be looking for some type of repayment offer. I hope someone with more knowledge than me will be along soon to advise.
Good luck
RedIf you've nothing decent to say, perhaps you shouldn't say anything.
£2 savings jar £300:D
Total credit card debts £1250:mad::mad::mad::mad::mad: - Will I ever learn!!0 -
EQUIFAX
Current Account from Lloyds Tsb Current Accounts (I)
Current Balance £ 272
Start Balance £ 0
Credit Limit £ 0
Default / Delinquent Balance £ 271
Start Date21/11/2008
Date Updated30/10/2011
Date Last Delinquent
Date Satisfied
Default Date20/05/2011
Current Account from Lloyds Tsb Current Accounts (I)
Terms0 @ £ 0 (Monthly)
StatusDefaulted
Current Balance £ 105
Start Balance £ 0
Credit Limit £ 0
Default / Delinquent Balance £ 104
Start Date03/11/2010
Date Updated21/03/2012
Date Last Delinquent
Date Satisfied
Default Date21/02/2012
Current Account from Arrow Global Ltd (I)
Terms0 @ £ 0 (Monthly)Status
Defaulted
Current Balance £ 371
Start Balance £ 0
Credit Limit £ 0
Default / Delinquent Balance £ 371
Start Date30/08/2005
Date Updated05/12/2010
Date Last Delinquent
Date Satisfied
Default Date01/08/2006
Loan from Asset Link Capital
Terms0 @ £ 0 (Monthly)
StatusDefaulted
Current Balance £ 8,211
Start Balance £ 0
Credit Limit £ 0
Default / Delinquent Balance £ 8,136
Start Date28/09/2005
Date Updated19/12/2007
Date Last Delinquent
Date Satisfied
Default Date26/06/2006
Communications Supplier from O2
Terms0 @ £ 0 (Monthly)
StatusDefaulted
Current Balance £ 420
Start Balance £ 0 Credit Limit £ 0
Default / Delinquent Balance £ 420
Start Date05/09/2005
Date Updated27/07/2006
Date Last Delinquent
Date Satisfied
Default Date18/06/2006
Communications Supplier from O2 (I)
Terms0 @ £ 0 (Monthly)
StatusDefaulted
Current Balance £ 435
Start Balance £ 0
Credit Limit £ 0
Default / Delinquent Balance £ 435
Start Date06/09/2005
Date Updated27/07/2006
Date Last Delinquent
Date Satisfied
Default Date19/06/2006
Communications Supplier from O2 (I)
Terms0 @ £ 0 (Monthly)
StatusDefaulted
Current Balance £ 436
Start Balance £ 0
Credit Limit £ 0
Default / Delinquent Balance £ 436
Start Date06/09/2005
Date Updated27/07/2006
Date Last Delinquent
Date Satisfied
Default Date19/06/2006
CCJ LINKED ADDRESS
Court Details:NORTHAMPTON CCBC / 1Q^*£&$^
Type: County Court Judgment (England, Wales and Northern Ireland) Court Date:30/06/2011
Amount: £ 247
Date Satisfied:0 -
NODDLE
Link Financial
Unsecured Loan
Account start date 28/09/2005
Opening balance £ 8,136
Repayment frequency Monthly
Date of default 26/06/2006
Default balance £ 8,136
Micro Credit
Account type Advance Against Income
Account start date 09/11/2010
Opening balance £100
Regular payment £436
Repayment frequency: Monthly
Date of default: 25/03/2011
Default balance £436
Lending Stream
£ 742
05/01/2012
Late payment
Account type
Advance Against Income
Account start date: 09/08/2010
Opening balance: £742
Payment start date: 09/08/2010
Repayment frequency: Monthly
Quickbridge
Account type
Advance Against Income
Account start date: 04/04/2011
Opening balance: £ 400
Regular payment £945
Repayment frequency: Monthly
Date of default: 04/11/2011
Default balance: £ 936
Quickbridge
Account type
Advance Against Income
Account start date: 28/09/2010
Opening balance: £460
Regular payment £1,042
Repayment frequency: Monthly
Date of default: 23/04/2011
Default balance: £ 1,042
Arrow Global Ltd
Account type Current Account
Account start date: 30/08/2005
Opening balance: £371
Repayment frequency: Monthly
Date of default: 01/08/2006
Default balance: £371
Barclays Bank Plc
Account type: Bank
Opening balance:£ 173
Repayment frequency: Monthly
Date of default: 03/06/2009
Default balance: £173
Lloyds TSB
Account type
Current Account
Account start date: 21/11/2008
Repayment frequency: Monthly
Date of default: 20/05/2011
Default balance: £271
Lloyds TSB
Account type: Current Account
Account start date: 03/11/2010
Repayment frequency: Monthly
Date of default: 21/02/2012
Default balance: £1040 -
is there anything I can do about 145 linked addresses ? this was just because when applying I have not been able to remember the exact order I have lived in places and also exact dates so it has caused lots of these.0
-
There are a few due to drop off soon - however, there are also quite a few which won't drop off until 2017 and 2018 - it may be worth setting up payment plans for these so at least they will be able to be marked "settled" at some point.
For the linked addresses - every time you move address, each lender will create a link to your old address, which will be one of the reasons there are so many if you've moved a lot.
I wouldn't worry about them TBH - the report that lenders see will only show each address one time
The SOA would still be helpful to see if there's any slack in your budget / places that savings could be made.Grocery Challenge £211/£455 (01/01-31/03)
2016 Sell: £125/£250
£1,000 Emergency Fund Challenge #78 £3.96 / £1,000Vet Fund: £410.93 / £1,000
Debt free & determined to stay that way!0 -
I have not included rent or council tax as they are paid fully via housing benefit and council tax benefit.
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 742
Other income............................ 0
Total monthly income.................... 742
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 40
Gas..................................... 100
Oil..................................... 0
Water rates............................. 36
Telephone (land line)................... 0
Mobile phone............................ 88
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 21
Groceries etc. ......................... 50
Clothing................................ 0
Petrol/diesel........................... 100
Road tax................................ 11
Car Insurance........................... 116
Car maintenance (including MOT)......... 15
Car parking............................. 5
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 22
Entertainment........................... 60
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 664
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
RENT ARREARS...................84........40........0
LLOYDS TSB BANK PLC............271.......0.........0
LLOYDS TSB BANK PLC ...........104.......0.........0
Barclays Bank Plc .............173.......0.........0
Quickbridge ...................1042......0.........0
Quickbridge ...................936.......0.........0
Lending Stream ................742.......0.........0
Micro Credit ..................436.......0.........0
LINK FINANCIAL LTD.............8211......0.........0
LOWELL PORTFOLIO I LT..........51........0.........0
FORTRESS GROUP (UK) P..........250.......0.........0
O2 ............................436.......0.........0
O2.............................435.......0.........0
O2 ............................420.......0.........0
LENDING STREAM LTD.............742.......0.........0
ARROW GLOBAL LIMITED...........371.......0.........0
Total unsecured debts..........14704.....40........-
Monthly Budget Summary
Total monthly income.................... 742
Expenses (including HP & secured debts). 664
Available for debt repayments........... 78
Monthly UNsecured debt repayments....... 40
Amount left after debt repayments....... 38
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -14,704
Net Assets.............................. -13,704
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.0 -
I have not included rent or council tax as they are paid fully via housing benefit and council tax benefit.
Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 2
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 0
Partners monthly income after tax....... 0
Benefits................................ 742
Other income............................ 0
Total monthly income.................... 742
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 40 On the high side - as per gas
Gas..................................... 100 This is huge - check your readings & bills are accurate. Check consumption - how long do you have heating / water on etc.
Oil..................................... 0
Water rates............................. 36
Telephone (land line)................... 0
Mobile phone............................ 88 Sorry but this is astronomical and you can't afford - if contracts, when do they end? Try to lower a tariff and switch to PAYG & use for emergencies only ASAP
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 21
Groceries etc. ......................... 50 Really ... for 3?
Clothing................................ 0
Petrol/diesel........................... 100See comments below
Road tax................................ 11See comments below
Car Insurance........................... 116 See comments below
Car maintenance (including MOT)......... 15See comments below
Car parking............................. 5See comments below
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0 Need something in here - it will only be a few £s
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0 Need something in here - £10
Haircuts................................ 22 Cut in 1/2
Entertainment........................... 60 Sorry can't afford this - reduce to £20
Holiday................................. 0
Emergency fund.......................... 0 Need something in here to cover things breaking down - ideally £40
Total monthly expenses.................. 664
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000 Sell and use to clear debts
Other assets............................ 0
Total Assets............................ 1000
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
RENT ARREARS...................84........40........0
LLOYDS TSB BANK PLC............271.......0.........0
LLOYDS TSB BANK PLC ...........104.......0.........0
Barclays Bank Plc .............173.......0.........0
Quickbridge ...................1042......0.........0
Quickbridge ...................936.......0.........0
Lending Stream ................742.......0.........0
Micro Credit ..................436.......0.........0
LINK FINANCIAL LTD.............8211......0.........0
LOWELL PORTFOLIO I LT..........51........0.........0
FORTRESS GROUP (UK) P..........250.......0.........0
O2 ............................436.......0.........0
O2.............................435.......0.........0
O2 ............................420.......0.........0
LENDING STREAM LTD.............742.......0.........0
ARROW GLOBAL LIMITED...........371.......0.........0
Total unsecured debts..........14704.....40........-
Monthly Budget Summary
Total monthly income.................... 742
Expenses (including HP & secured debts). 664
Available for debt repayments........... 78
Monthly UNsecured debt repayments....... 40
Amount left after debt repayments....... 38
Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total HP & Secured debt................. -0
Total Unsecured debt.................... -14,704
Net Assets.............................. -13,704
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using Firefox browser.
Car Sorry but if neither of you work you must either consider losing the car or at the very least use it for essential journeys only & try to cut down on trips - the amount you're paying in fuel & insurance is unsustainable without proper income to pay for the car. Hard decision I know but .....you're paying nearly £250 / month and you can't afford that.
It would also give you £1k to put towards the debts.
Gas / Elec How big is your house? As a comparison I pay a total (for both) of £64/month in a 3 bed semi
Income the other option is to increase your income / if this can't be done then I'm afraid hard decisions re the car / mobiles etc will need to be made
Debts Afraid can't advise on which to clear first without APRs but with the amount of debt compared to your income, unless there is someway of increasing the income within a reasonable time period OR get rid of the car, then you're not going to make headway. Please give one of the debt charities a call for some advice.
Best of luck
Grocery Challenge £211/£455 (01/01-31/03)
2016 Sell: £125/£250
£1,000 Emergency Fund Challenge #78 £3.96 / £1,000Vet Fund: £410.93 / £1,000
Debt free & determined to stay that way!0 -
Hi Kieron
Sorry hun but the car accounts for a whopping 33% of your income. Add the mobile phone contract(s) and you are at nearly half of your income spent on car and mobile phones. Do you really, really need the car? Also - you have nothing for TV licence - is that right? I echo Rising re the gas also. I'm in a 3 bed 3 storey town house and even with my old very inefficient boiler I'm paying £65.00 p/m for gas. Are you paying off arrears here? Most energy providers have a scheme in place for those households paying more than 10% of their income on energy.
Have you tried the CCCS debt remedy https://debtremedy.cccs.co.uk/start.aspx this would help you to see what your options are.
PigletLBM Nov 07Challenges: A Payment A Day Challenge 2012 Joined 08.03.12PADding Total:March £57.65 April £10.10DFWNerd - 1041-Proud to be dealing with my debts!Pesky CC March 2012 £2916.73:eek:Debt@March 2012 (inc OD) £5615 DFD self imposed target Feb 20140
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