money worries

sceebs67

Hi everyone i hope iv posted in the right section im currently worried on a daily basis i was reposessed in may 2010 and not heard a thing since i estimate the shortfall to be around 60000 pounds also have 3000 pounds of payday loans will be upto date in april with my council tax my water rates are up to date but gas and electric i owe 770 which they want immediately or theyl put metres in which is not the answer fr my family and me as wed just sit there without heating and electric iv been seriuosly ill since june but thankfully im making a full recovery now and start a new job in two weeks time but really worried and afraid it will make me ill again if anyone has any advice or help they could advise it would be greatly recieved many thanks

PippaGirl_2

sceebs, my initial advice would be to open a new bank account such as the Co-op cashminder to get all your income paid in there so that the payday loan scum/lenders can't take money you cannot afford to give them. Make an appointment with your local CAB and set up a debt management plan with affordable payments to all the lenders, which may be as little as £1 a month each. That will give you the space and time to see what happens with regard to the house, how much the shortfall will actually be, and how much your total debt then actually is. What you need right now is that time and space and the money to live, and the CAB can help you sort that. Any bigger decisions can come in time.

IF

Hi sceebs67 and Welcome to the Bankruptcy (BR) Board. First step is to make a list of all your creditors, debts and assets. Secondly and most important is contact one of the following debt charities. Please try these they don't charge and are impartial. They will go through all your options with you and if they suggest bankruptcy then come back to this board and we will help you all we can. Also if your not ‘clicking’ with one of the Debt charities do try another. We advise you to try at least two others for your own piece of mind. Your BR could be refused if you have not sought advice.

* Blue text on this forum usually signifies hyperlinks, click on the blue links below *

Main recommended sources of help:

• National Debtline - Website: National Debtline Telephone: 0808 808 4000
• Citizens Advice Bureau - Website: Citizens Advice or visit your local CAB centre (find nearest)
• StepChange (formerly CCCS) - Website: StepChange Telephone: 0800 138 1111

Others:

• Business Debtline
  - Website: Business Debtline Telephone: 0800 197 6026
• Christians Against Poverty
• PayPlan
• TaxAid - Help with tax debts.

Please don’t do anything rash take your time and weigh up your options and read everything you can.

We often ask you to post your SOA so we can see if you have included what you need to:-
MSE SOA Calculator - Click here
Select the MSE format at the end. Copy and paste onto your thread.

For ‘essential’ BR info the ‘Look here first’ sticky by Fermi.

BR friendly home insurance thread.

BR Friendly Bank Accounts ~ [Updated Sep 2012 re: Co-op Cashminder withdrawal]

BR Abbreviations

Beth's Guide Reasons for your BR

Charities who help with BR Fees

Bankruptcy NDL Guide

Basic Bankruptcy Advice & Guide NED CAB

If you are new/old to this board and receive/see a comment that is not helpful or insensitive please don’t let it put you off posting, often these comments are made by people who don’t normally contribute to this board and don’t speak for us.

What to do if you get an insensitive or hurtful comment.

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Best wishes
IF...x

sceebs67

hi iv tried to open a basic account with a number of banks and have been refused which is so frustrating hence the worry

PippaGirl_2

Have you tried to open a Co-operative bank Cashminder account? That would be my first port of call.

IF

sceebs67 wrote: »

hi iv tried to open a basic account with a number of banks and have been refused which is so frustrating hence the worry

Make sure you are on the Electoral Roll, whilst a Basic Bank Account doesn’t credit check you it does identity check you.

If your on the electoral role and still being refused check your credit files they may have CIFAS markers

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