Debt Repayment Demands

DAMIEN123

First thread hope this is ok,
well i have been unable to pay my debts for a while and stupidly ignored them.
now have outstanding
hsbc loan 7818.00
barclaycard 1600.00 approx
bank of scotland 470

and not able to make very high payments, can pay 150 a month they want much more,
what should i do? they have all sent letters requesting the amounts in full and threatening court,
thanks

rayday2

You may need to consider a DMP which will impact your credit history trouble is so will not paying!

Take a look on the national debt helpline website for information, if you think this sounds like what you need to do take it from there, charities can do the correspondence and set up like CCCS and payplan I believe but I handled mine with all the information and letters on that website.

Have a look see what you think.

DAMIEN123

Ok cheers, will have a look at these, need to sort something out!!
especially hsbc not paid there loan for about a year.
thanks for that

rayday2

Yes then I encourage you to do something quick! Companies are much more helpful when you have a dialogue. There is a topic on here by cccs matthew I think his name is, he works for CCCS maybe have a look at that topic too.

DAMIEN123

ok will do thanks again

luckymum_3

hi there maybe try the nationaldebtline as well they may be able to help as well .good luck

DAMIEN123

Thanks for helppayplan are sorting me outbut another problem is i need to give details of the credit card debts and i dont have any.i cut up the cards a while ago and havent received any post about them in a while, cant find the details about the final demands and dont know the account numbers.any idea what i could do?thanks damien

rayday2

How about signing up for a free trial on your credit history that would give you some details. Just remember to cancel before you have to pay if you decide to give that option a go.

SOmeone else may have a better idea who comes along.

simonsj07

Hi

I am surprised that the HSBC haven't taken action against you sooner. I feel that it is important for you to contact all of your creditors even if it is just to acknowledge the debt. If you are nrevous about speaking to them over the phone and being given a hard time then go onto each companies website and find a postal address and write to them enclosing a financial statement and offering a figure. If they can see that you're strapped for funds and have no other means of paying then they should accept something rather than nothing. It would probably wise for you to either visit a CAB or call the national debtline. Hope that you get it sorted soon.
Simon

dancingfairy

If you post an Statement of Affairs (SOA) we can see if we can cut back your outgoings any more to free up more to pay towards the debts. Have you shopped around for all your bills/ utilities/car insurance etc as this can make a difference? Also keep a spending diary to find out where your money is going- you might find it slips through your fingers - I know mine does and the 'odd' bar fo chocolate/can of coke/magazine/pack of cigarettes/pint after work/sandwiches at work etc soon add up.

If you post your SOA (see Southern Scousers Sticky - we'll try and help) - it may be that you need to consider a DMP where the 'spare' money you have after your living costs is divided up between the people you owe money to - basically keep posting and I'm sure people who know more about these things will be along to help.

Whatever you do - go to a charity that helps you for free- there is no need to pay anyone to do this. Martin has a list of recommended charities somewhere.
All the Best.

P.S If they take you to court the judge isn't going to make you pay back more than you can afford- so don't worry. Also it is time consuming and hassly for the compnaies to do that - sort out how much you can pay them and keep paying them - even if they say it is not enough - you can prove to a judge then (if necessary) that you are doing everything you can and not ignoring the problem.

DAMIEN123

Yeah cheers
i already spoke to payplan they are calling me back tonight but i dont have details of my credit card debts, got details of my bank loan.

soa
hsbc loan £7818-last paid about a year ago
barclaycard-approx £1600-defaulted not made any payments in over 6mths
bos card- 500 approx-last paid over 6mths ago

outgoings
rent £550
council tax-£120
girlfriend pays other bills she only works p/time
loan repay to my brother £50 monthly(owe him £2000)
travel to work £60
income £950 monthly