Renegotiate a CCJ agreement

catandy

this is just a question really - is it possible?


ive got one set up at £40 per month for a total debt outstanding now of £215 and has been running for a couple of months ok. trouble is ive got another CCJ, a fine to pay and a repayment plan to WTC that I need to factor into my monthly budget meaning with my 'spare money' I would be making an offer of less than £10 per month for a debt of £5000 whilst im paying £40 on a £200 debt - cant see creditors being very happy and need a bit of leeway (ive got less than £50 as a buffer with all the offers made and accepted if I cant bring it down).


has anyone ever heard of it being done or is it a no hoper?


thanks in advance!

fermi

From then National Debtline site:

Applying to reduce an instalment order

• Use our online budget tool Your budget to work out offers of repayment on all your non-priority debts.
• If any of your creditors have already taken court action, the amount you have been ordered to pay may be more than the amount you have worked out you can afford. You will need to apply for a reduction of the instalment order. This application must be made on court form N245, which is available from your local County Court hearing centre.
• You could try negotiating directly with your creditor to see if they will accept reduced payments without going back to court. Send them a copy of your budget. This could save you paying the fee to the court.

court fees

You will have to pay a fee to the court when you make your application. If you are on a low income or certain benefits, you may not have to pay the fee. See Do I have to pay a court fee? at the end of this fact sheet.

catandy

thank you so much time to get busy