F&F Advice if possible please

nnop72

Hi, I was wondering whether anyone might be able to give me some advice. In 2010 I was made redundant from my job and defaulted on my unsecured debts. I have had a couple of jobs that lasted about a year, which meant for about half the time since then I was able to pay about £200 a month towards my debts, otherwise I have been making token payments. However, I have also been able to make the necessary lifestyle changes to live within my means.

My total debts are £45,800 and I will soon be starting a new job which means I will have just over £300 a month spare, which would take 12.5 years to clear the debts in total. I plan to write to my creditors with an updated offer of payment. One of my debts has been sold on to a third party and another does not have the CCA, though I have continued to make payment. Between them they sum to £26,000.

A friend of mine has offered to lend me £5000 if this will clear the debt or at least a large chunk of it - do you think it is worthwhile making a pro-rata offer to all my creditors or just focus on the two I mentioned above?

I can't really consider bankruptcy due to my job.

Many thanks in advance

nnop72

happy_bunny_2

When are the default dates? 2010?

When were the accounts taken out?

Have you CCAd them all (especially pre April 2007)?

I would immediately stop paying the one without the CCA if pre April 2007. Let them stew for a while or sell it on then offer 15% full and final as a starter. They may occasionally need reminding that no CCA means they are stuffed.