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Account termination letter... What now. Help!!!! Please
Comments
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TheDebtinator wrote: »Which is also what I did, however there is nothing wrong with speaking to the likes of Stepchange for free advice. Also, not everyone is able to do this themselves, as you aptly demonstrated. If the OP isn't as fortunate as your friend to have someone like yourself, then their best option is to speak with someone like Stepchange.
to be honest im not very good with this sort of stuff which is probably why I am in this mess in the 1st place0 -
fishfinger1 wrote: »thanks ive just literally posted my letter off to them informing them im seeking advice hopefully that will fend them off for a while
I genuinely do not think that will make a difference. Have you called Stepchange yet?0 -
no ive just finished doing my SOA so I have all my details for when I ring them0
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fishfinger1 wrote: »no ive just finished doing my SOA so I have all my details for when I ring them
Debt collection usually is a very long process fish finger, can take months, even years.
All you'll get are calls and letters, if stepchange are going to represent you, simply refer any comms to them in future.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
fishfinger1 wrote: »no ive just finished doing my SOA so I have all my details for when I ring them
Get on the dog n bone, once a plan is in place you'll feel a lot better :money:0 -
Thanks sourcrates so do you think I would be best just making token payments to all my creditors for now rather than trying to meet the minimum payments if I am going to go down the dmp route. Saving up an emergency fund?sourcrates wrote: »Debt collection usually is a very long process fish finger, can take months, even years.
All you'll get are calls and letters, if stepchange are going to represent you, simply refer any comms to them in future.0 -
fishfinger1 wrote: »do you think I would be best just making token payments to all my creditors for now rather than trying to meet the minimum payments if I am going to go down the dmp route.
Check this with the various helplines, or call the credit cards. Both could set you up on a plan very very quickly.If my post doesn't appear to be serious, then it is not serious. So what? Kick back, relax enjoy life and have a little fun. Life is far far too short to be grumpy!!!!0 -
No offence, but the time you have spent asking questions here, you could have already started to form a plan of action with someone like Stepchange.0
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Any update FF?0
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fishfinger1 wrote: »Thankyou, thankfully I don't have any debt with my bank other than my overdraft which is in limits, all my debts are on credit cards, which I really need to get sorted out 1 way or another
Just to be clear here FF as I think you may have misunderstood. If you have a debt with Natwest credit card and money in your current account with Natwest then there is a possibility for them to take money from your current account to help pay off your debt!
You need to open a new bank account or use one where there is no association to any other debt and use that as your new account.
Be careful here that some credit cards are discreetly connected to different banking organisations.0
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