rejecting loan option to pay debts

dani33

i have considered all of the options, had a chat with my father and come to the conclusion that it is pointless borrowing money just to pay off £1000 minimum payments on cards even if it is for a few months + the fact i dont trust this company for some reason. (central capital)
I have sat down today and drawn up a budget which i can survive on but my ac is overdrawn and the charges are hitting already as i cant pay off cards at all. my plan is to speak to natwest my mortgage company see if they will give me a mortgage holiday, i havent missed a payment in 4 years. If not i will have to speak to creditors or go through cccs and offer token payments until i sell.
my father has kindly offered to pay these repayments until i sell.

I have read through the forums and the advice seems to be to set up another bank ac, where my wages will be paid and and direct debits which arent credit cards will be paid i have a credit card with natwest my mortgage provider also, does this complicate things if you are on a dmp?

any reccomendations for good online ac i was thinking of alliance and leicester

thanks again for advice.

immoral_angeluk

nationwide has a good easy to use online account and most people seem to be able to get basic bank accounts with them easily.

dani33

any other advice? my bank hsbc owe me roughly £ 2000 in charges i have an overdraft of £1500 with them i am tempted to leave them owing their overdraft and stick the money into another ac.

i have a query regarding a dmp, if my mortgage is with natwest i heard somewhere i should try to pay off their credit card that i have with them as they can use this as a secured loan.

also what sort of payments should i suggest to each creditor if i owe one 7000 would they usually settle for £10-£20 per month if it is all ican afford

meerkat2007

dani33, back in 2002, I owed one creditor approximately £14k. I started off on payments of £50 per month back then. That creditor now stands at £9,800, and I currently pay £80 per month. Hope this helps.