Letter to Creditors

fiveyearplan

I'm No. 384 DFW and I have several financial problems. First of all I am just starting to have real financial difficulties. My mortgage and most of credit card bills are up to date but I won't be able to pay my cc's and my mortgage any longer so am opting to pay my mortgage which is £1,200 per month. My husband and I have £50,000 in credit cards and loans. We have a business which will either sink or swim in the next 3-6 months. Things are actually looking up in business but we need to get through the next 6 months.

Would like some advice on how to get through the next months without all those horrible phone calls from creditors.

I will be doing my SOA this weekend.

'Proud to be dealing with my debts'
lightbulb moment February 2007
debt free date ????

tomterm8

1. Send this letter to all the creditors you don't intend paying yet... http://forums.moneysavingexpert.com/showpost.html?p=4945059&postcount=21

2. Do a SOA. Post it.

3. Get in contact with one of the debt charities

BAILIFFCHASER

Your reference :

Dear sir/madam

With reference to the above account, I am writing to confirm I am not acknowledging this debt.would you please send me a true copy of this credit agreement. I understand that under the Consumer Credit Act 1974 (Sections 77−79), I am entitled to receive a copy of my credit agreement on request and this should be supplied within 12 working days. I enclose a payment of £1.00 which represents the fee payable under the Consumer Credit Act.

Non-compliance with my request is a criminal offence under the above Act and will result in a report being submitted to the relevant statutory authorities.

As you are aware, a credit agreement that is not properly documented and signed by the customer is totally unenforceable under the CCA and therefore is a complete defence to any court claim that is issued.
Please note that under Section 189 you are obliged to supply these documents whether you are the original creditor or not. I await your reply.


Mr.b.khan
Enc cheque number


Send this to everybody you money to and see if they have a credit agreement. If one does not exist then the debt cannot be enforced.