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I need advise on debt 6+years old
Geordiestacy24
Posts: 4 Newbie
Needing some advise Iv got debt from over 6+ years I was paying them all through a debt management plan but I cancelled it as was going to take another 3years 8month to pay it off with the debt management charging me £40 for there services. Since it's been 6+ years can they still chase me for the debt??
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Geordiestacy24 wrote: »Needing some advise Iv got debt from over 6+ years I was paying them all through a debt management plan but I cancelled it as was going to take another 3years 8month to pay it off with the debt management charging me £40 for there services. Since it's been 6+ years can they still chase me for the debt??
Hi,
Yes they can, unless there has been a period of six years or more since you last made a payment.
When did you last make a payment to these debts ?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 -
Ok thank you it was only In December, my husband also lost his job also so struggling to make any payments0
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Theres debt charities who are free, speak to 1 of them, stepchange is one.0
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They said they couldn't help as my debt is under 3000 (literally) £2960 .....0
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Fill in an SOA and post it on here, others will give advice.0
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Sorry what is that0
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Geordiestacy24 wrote: »Sorry what is that
Statement of affairs, its a list of your outgoings.
The 4th thread on the debt free wannabe board there's a link to the soa to fill in.0 -
Geordiestacy24 wrote: »They said they couldn't help as my debt is under 3000 (literally) £2960 .....
No money in that for them.
They're only free to the user - they rely on a rake-back from the creditors to fund themselvesand they're not going to get much back on your debt.
Self-managed is probably the way forward.0 -
No money in that for them.
They're only free to the user - they rely on a rake-back from the creditors to fund themselvesand they're not going to get much back on your debt.
Self-managed is probably the way forward.
Wow that's a shocker.
I know how there funded, didn't think they turned people away though !!
You have made me sit up and think Fatbelly..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 -
National Debt Line don't appear to have that criteria?Can I have a DMP through NDL or BDL?
Anyone who answers yes to these two questions.
Can you afford to pay at least £5 to each of your debts every month?
Can you repay your debts within 10 years?
Yes they receive funding from banks and other creditors - but they operate as an independent charity - and anyone who has been involved in the running or set up of a charity will know it's a hot potato if they are found to diverting from their mission statement whilst acting on interests of potential funders...
I can't find anything on Stepchange about debts over/under £3k...DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0
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