debt help please

wannabe_credit_free

My hubby is on a 4yr DAS. Still 2 yrs to go. His DAS was arranged through the local councils, Money Matters. Check if your local council has one too. They saved us literally and yes you will be left sufficient to live on. Goodluck..

blisteringblue

Desperado put your numbers in on the debt remedy tool at Stepchange

http://www.stepchange.org/Debtremedy.aspx

It's a bit like the SOA you just did, and this gives you a good idea what your budget would be with a DMP.

I was like you, wanting to keep my credit rating intact and payoff my debts, but after trying to snowball for 3 years my debt was still going up.

I'm just starting with Stepchange for a DMP and am actually pleased the credit it going, it's the mindset you need to get the spending under control, you can only spend what you have. I've had one phonecall so far and the creditor was as nice as pie, everything else has been done is writing and my creditors are just starting to agree to the plans and freezing interest. I'm not saying they will all be like this, but on every letter I've sent I just say, do not phone, I will only communicate in writing.

Hopefully 4 1/2 years I'll be straight, won't be able to borrow and can live my life as I should be doing, not as a slave to the financial system (my fault I know, but they don't help with rate jacking when interest rates are at a record low)

desperado88

my god i cant believe the help from people on here.

restores my faith in human nature it really does..

thecassman86

desperado88 wrote: »

my god i cant believe the help from people on here.

restores my faith in human nature it really does..

We're not a bad bunch here

It's important, this community. We've all been in a position of feeling lost with our debts and our finances and it's having the experience, or simply support, of others who have been in the same position that gives you the fight to get through it. And you will get through it.

thehappybutterfly

Most of us have been through it all before, more than once, and understand how easy it is for debt to spiral out of control.

Don't panic, don't rush into anything and you'll get through it. It's the best feeling in the world once you're in control!!

desperado88

i think iam going to look into the das..... i feel its my fault though and would dearly love to leave my partner out of all this ,it is all in my name "even the house"thats another reason i kept putting this off i just did`nt want her to deal with all this grief,the phone calls and the like.
but hey what can i do....so to everyone who replied thanks again.

thecassman86

Don't beat yourself up about it. We've all been there. You'll get through it and that's the most important thing. It's a long road but it'll hopefully be more comfortable and happy for you now

Keep checking by on the forum. The support is a big help

desperado88

blisteringblue wrote: »

Desperado put your numbers in on the debt remedy tool at Stepchange

http://www.stepchange.org/Debtremedy.aspx

It's a bit like the SOA you just did, and this gives you a good idea what your budget would be with a DMP.

I was like you, wanting to keep my credit rating intact and payoff my debts, but after trying to snowball for 3 years my debt was still going up.

I'm just starting with Stepchange for a DMP and am actually pleased the credit it going, it's the mindset you need to get the spending under control, you can only spend what you have. I've had one phonecall so far and the creditor was as nice as pie, everything else has been done is writing and my creditors are just starting to agree to the plans and freezing interest. I'm not saying they will all be like this, but on every letter I've sent I just say, do not phone, I will only communicate in writing.

Hopefully 4 1/2 years I'll be straight, won't be able to borrow and can live my life as I should be doing, not as a slave to the financial system (my fault I know, but they don't help with rate jacking when interest rates are at a record low)

just did that debt remedy thing,it says that i have £640 available every month(must mean my wife and sons benifits)
anyway says that if i pay that into a das i could be debt free in 5 years 7 months!!!

gonna look at that again canny be right?

ontrack

Please look at the trust deed website listed above, you can get free advice about scottish trustdeeds and DAS scheme from professionals who will make sure you are not ripped off, if you need any reccomendations PM me
be VERY careful about signing up for a trust deed with any of the companies that advertise on the web or in the press, there are a lot of horror stories about equity and crazy payment shedules

National_Debtline

Hello there,

We have a useful fact sheet outlining the DAS process, you can find it here:

https://www.nationaldebtline.org/S/factsheets/Pages/22%20SCOT%20Debt%20Arrangement%20Scheme%20%28DAS%29/Default.aspx

You can find a local money adviser who can help you ste up a DAS via this Government website:

http://dasscotland.gov.uk/

Please be aware that there are commercial DAS providers that may charge you for their services.

Best wishes,

David @ NDL.