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NRAM & other debts - 3 letter system
Adamsmummy
Posts: 2 Newbie
Hi all,
I am asking on behalf of my partner. A number of years ago (8 I think) he defaulted on his mortgage with northern rock and had his house reclaimed. The house was sold and the outstanding debt has been put on his file. Is there anyway we can 3 letter NRAM to get this debt written off?
We have been trying to save up for bankruptcy but it just never gets very far. We have no other means of getting this debt written off and we just want a life that is debt free. Any tips would be greatly welcomed, including anyone who can help with the bankruptcy funding. We are a low income house with a child under 5, I am pregnant and there is a history of mental health issues.
Many thanks
I am asking on behalf of my partner. A number of years ago (8 I think) he defaulted on his mortgage with northern rock and had his house reclaimed. The house was sold and the outstanding debt has been put on his file. Is there anyway we can 3 letter NRAM to get this debt written off?
We have been trying to save up for bankruptcy but it just never gets very far. We have no other means of getting this debt written off and we just want a life that is debt free. Any tips would be greatly welcomed, including anyone who can help with the bankruptcy funding. We are a low income house with a child under 5, I am pregnant and there is a history of mental health issues.
Many thanks
0
Comments
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Hi,
The 3-letter system you have read about on another website is a falsehood I'm afraid.
The argument has been thrown out of court many times, it relies on a creditor not been able to prove a debt essentially, as long as paperwork exists, and it's not statute barred, then it's enforceable.
How much are we talking about here ?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 -
In total there is roughly £60,000 worth of debt. The mortgage alone is £54,0000
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If you're considering bankruptcy, you'll need expert advice. You can get advice about your debt problems and bankruptcy from your local Citizens Advice bureau, stepchange, or National debtline.
If you apply for your own bankruptcy, you'll need to pay the following costs:
an adjudicator fee of £130
a deposit of £550
This means you'll need to be able to pay £680 if you want to go bankrupt.
If you pay online when you fill in your bankruptcy application form, you can choose to pay by instalments. The minimum online payment amount is £5 and can be paid in as many instalments as you need. If you want to pay by cash, you can pay at any Royal Bank of Scotland branch. If you pay in cash you can’t pay by instalments.
There is no longer a requirement to appear in court, it's all done over the phone, and by post.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 -
Hi
There are some charitable trust funds that help with bankruptcy fees so it’s worth looking into. You can check eligibility for trust fund grants with Turn2us:
www.turn2us.org.uk/Find-Benefits-Grants
James
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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