Urgent help needed about token payments

Unhappygal

Hi all

Not posted on here for a while - I think I have been trying to bury my head in the sand and forget about how much debt I am in.

Just to update.

I am currently about £30,000 (7 different creditors in total) I had my IVA application refused in January and have since been trying to pay off some of the minimum payments each month out of my disposable income as I don't want to go down the bankruptcy route - not yet anyway as I have a lot of family problems at the moment and don't think I could cope with bankruptcy.

My problem is that the majority of my creditors have either sold my debts onto debt collectors or are threatening to do so unless I pay the amount owed - which is an impossible task with owing as much as I do.

I have bought £120 worth of postal orders and I want to send each one £20 with a letter stating that I am not in a position to pay the full amount but want to pay at least something, unfortunately my head is so messed up at the moment that I have no idea what to write in the letter, or how I explain that this is all I can afford at the moment.

If anyone can offer me any advice on this matter It would be greatly appreciated as I feel like I am going out of my mind and I seriously don't think I can take the stress of it all any more - I'm afraid to answer the door to anyone incase it's debt collectors calling, and I wont even answer my mobile as everytime I do, it's from creditors asking for their money.

I know bankruptcy would be the best solution, but I really do want to try and avoid this at the moment and try to use my disposable income which is currently about £200 to pay off my debts - then in maybe 6 months time, if things haven't improved (I'm expecting a payrise) then I may consider filing for bankruptcy.

Thankyou for reading and listening to my problems

jobby_2

Hi unhappy

There is some good professional advice out there that will help including cccs and paypal - you can also get standardised letters that you can adapt to suit your needs - i think there are some with the CAB

Sorry not to be more help just spotted you thread as I was closing down and you sounded in need

If you can hold till the morning will try and and find which ones I used but I'm sure someone will be along with some help

Sorry not to be more useful

Good luck

gettingitsorted

Hi if you click on this link theres lots of sample letters that you could use and lots of great advice and info

http://www.nationaldebtline.co.uk/england_wales/index.php