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A big hello from the CCCS

13

Comments

  • Posthinking
    Posthinking Posts: 297 Forumite
    moyilla wrote: »
    Hi
    Just wondering if you could share some advice on how you got a mortgage? Did you use a broker or a bank?
    Thanks:D
    Hi Moy, a broker but make sure you choose a "Whole of market broker". You'll probably need a larger than normal deposit. 20% in my case. Good luck
  • moyilla
    moyilla Posts: 1,834 Forumite
    Part of the Furniture Combo Breaker
    That's great thanks, we are paying £795 a month rent for private rental and it's a shame as we will have nothing to show for it at the end.
  • MissNoMoneyPenny
    MissNoMoneyPenny Posts: 12 Forumite
    Part of the Furniture Combo Breaker
    Hi Matthew & Emily

    I am in complete turmoil at the moment and would be very grateful of any advice please. Basically, I have accrued unsecured debts of approximately £40,000 and I am only temping as far as work goes, so my income is not even guaranteed each week and my outgoings exceed my income by quite a bit, so I have been borrowing even more to meet my minimum monthly repayments. It has now reached desperation point and I want to do something about my debts, so that they are manageable. I have been looking at the CCCS website and was on the verge of approaching you when something suddenly occurred to me. I am 32 years old and so obviously my Mum has no idea about my financial dire straits. However, she has been paying £3,000 a year into an ISA in my name for the last 5 years or so for me for a rainy day. My Mum being my Mum though, this rainy day is conditional in that she wants me to spend it on buying a house or some sort of security one day. The balance of the ISA is now just under £17,000 and I am petrified that if I declare my debts, my creditors will obviously find out about the savings of £17,000 and I will be forced to tell my Mum about my debt. I want to give my Mum the money back now and try and deal with repaying the debts myself. I know that my creditors will want to know why I gave my Mum £17,000, so I am in a complete catch 22. Is it true that they trace and question any drawings on your savings for the past year?
    I hope this makes sense, my head is in a whirl. It would break my Mum's heart that she has worked so hard to give me this money, and it has to all go to pay off my debts. Is there anything I can do?
    Any advice would be gratefully received.
    Thank you
    MissNoMoneyPenny
  • CCCS_Emily
    CCCS_Emily Posts: 65 Forumite
    Hello MissNoMoneyPenny,

    I have started this as a new thread below, so we can keep track a bit better.

    http://forums.moneysavingexpert.com/showthread.html?t=515431
    I am a Debt Counsellor that works for the CCCS and have specific permission from Martin, to post on these boards to try and help those in debt. Read more information on the CCCS and what it does in the Debt Problems: What to do and where to get help article.

    CCCS is a registered charity, and there is no charge whatsoever for any of the services we provide to our clients. We take great pride in offering first class help and advice, but we only offer this where we have been able to fully explore and understand your circumstances with you. We want to help you understand these choices and their possible implications but not make them for you.
  • Richard_S
    Richard_S Posts: 4,432 Forumite
    CCCS_Emily wrote: »
    Hello MissNoMoneyPenny,

    I have started this as a new thread below, so we can keep track a bit better.

    http://forums.moneysavingexpert.com/showthread.html?t=515431

    Emily,

    I'm curious as to why you've moved this to the DFW board.:confused::confused:

    Surely not to share MissNoMoneyPenny's Mother's hard earned cash between her creditors?:eek:
  • CCCS_Emily
    CCCS_Emily Posts: 65 Forumite
    Hi Richards,

    Slight confusion on my part re DFW, but needed to start a new thread, rather than continuing the discussion in this one.
    I am a Debt Counsellor that works for the CCCS and have specific permission from Martin, to post on these boards to try and help those in debt. Read more information on the CCCS and what it does in the Debt Problems: What to do and where to get help article.

    CCCS is a registered charity, and there is no charge whatsoever for any of the services we provide to our clients. We take great pride in offering first class help and advice, but we only offer this where we have been able to fully explore and understand your circumstances with you. We want to help you understand these choices and their possible implications but not make them for you.
  • spud30
    spud30 Posts: 16,872 Forumite
    Hi guys

    I just googled CCCS, as I wanted to have a look at my account. The first entry found was for CCCS - Credit Card Consolidation Services.

    A bit naughty ehh :mad:
    Is it better to aim for the stars and hit a tree or aim for a tree and land in its branches :think:
    Loves being a Wonderbra friend :kisses3:
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    spud30 wrote: »
    Hi guys

    I just googled CCCS, as I wanted to have a look at my account. The first entry found was for CCCS - Credit Card Consolidation Services.

    A bit naughty ehh :mad:

    Apparently CCCS are aware of this and are considering legal action.

    See this sticky on another site:

    http://www.debtquestions.co.uk/debt_forum/viewtopic.php?t=16863
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • spud30
    spud30 Posts: 16,872 Forumite
    fermi wrote: »
    Apparently CCCS are aware of this and are considering legal action.

    See this sticky on another site:

    http://www.debtquestions.co.uk/debt_forum/viewtopic.php?t=16863

    Very naughty - when it came up, I assumed that the proper CCCS had changed their web site.
    Is it better to aim for the stars and hit a tree or aim for a tree and land in its branches :think:
    Loves being a Wonderbra friend :kisses3:
  • photo_phil
    photo_phil Posts: 3 Newbie
    Hi Matthew & Emily

    I have used the CCCS site and the debt remedy option which recommends I file for bankruptcy. I have £43k of unsecured debts due to being in uni (mature student) for 3 years and some unsuccessful ways of making money during that time. I now have a £25k job so I'm keeping my head above water (cards on stop, paying min amount) but need to get sorted.
    Main question is: I rent my mate's house off him with no formal rental agreement. If I go bankrupt how would this affect him and would he have to supply information as a landlord? Also, some of his correspondance comes to the house. Will his credit rating be affected? I am considering renting another property temporarily to use as an address to go bankrupt from.

    Many thanks for any help. Phil
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