Help... Been paying debt for 6 years now

Z4k1987

Hi, I have been paying my debts that I stupidly ran up as a young 18 year old. Wish I had learned before. I had several debts with creditors such as lloyds, Barclays and Uni hall debts. I have been paying these debts after joining debt sorters.co.uk(welcome souls ions). I have a few ccjs on my credit report and although I have been paying for 6 years I seem to have got no where fast. It's been 6 years in April may time.

Can I get these debts cleared?
Will my ccjs be removed?
Can I claim back unfair bank charges?
Is there a government law to enable me to wipe these debts?

Please help

beth3735

Is debtsorters a debt management company? DO they charge you per month to use their service?

Sorry i haven't much advice, but I would give Stepchange a call. They are a free debt free advice company who can help you put together a DMP or give you other advice for another route. They have been fantastic for me, I have managed to pay off over 90% of my debts through them in the space of a little bit over 6 yrs.

Wish you luck

Tixy

Can I get these debts cleared?
Will my ccjs be removed?
Can I claim back unfair bank charges?
Is there a government law to enable me to wipe these debts?

CCJs will disappear from your credit file 6 years after the judgement date - but you will still owe the outstanding amount. And if you stopped paying then they could still take enforcement action against you.

How much are you paying a month towards your debts? How much do you owe at the present time?

As beth suggests it would be worth talking to one of the free debt advice charities, and considering switching to using them rather than paying a fee each month. See this link IMPORTANT - Where to seek professional impartial advice about your debts.

Thrifty_Pixie

if you've been paying these debts they will not come under the statute barred law (which usually kicks in after 6 years of non-payment/acknowledgement).

check that the company you're paying through isn't charging you for their services. if they are, dtich them and use StepChange or similar.

Thrifty_Pixie

ook. missed Tixy's post - read hers

RAS

What percentage of your payments do debtsorters take each month? You realsie that a debt charity does the same job for nothing and you would pay off your debts quicker?

Did you have PPI on any of these debts?

Z4k1987

I pay 50 a month and they charge me 14 I think the rest goes to debts

As for wa I owe is about 800 lloyds 300 Barclays plus 2000 to Uni halls and some to debenhams for being over payed years ago but there all 3rd party mostly now

Z4k1987

Here are exact people and owings

Lewis debt recovery monthly payment 18.93
CL finance ltd 2.19
Aktiv Capital uk ltd 4.25
Sloane Portland associates 1.00
Wescot credit services 3.35
Wescot credit services 6.28
Admin fee 14.00

I've been paying for 6 years now as you can see all the creditors are now with 3rd n 4th party debt agencies

spacey2012

You need some better advice from the board pundits.
You may be able to challenge the debt agencies to cough up signed agreements, they may not have them after all this time.
If you PM the user fermi they have some template letters to send them to ask them to prove the debts.
If they can not, you can stop paying.

Z4k1987

Thanks how do I on her and what do I do with the letters ? And how do I get addresses etc ? Thanks for advice

soontobemrsg

Personally I would drop the company you are currently using and the admin fee of £14 could go toward the debt. There are many debt free charities out there that can do this for you without charging you an admin fee.