I don't know where to start!

emilie_a

I stopped paying all my debts about three or four years ago. I was hungry and stressed, my depression and anxiety were swallowing me up. I've just ignored these problems for years but a letter has appeared from Barclays which says my debt has gone to Robinson Way and it's made me realise I need to take some control as this letter has mentally set me back so much.


I don't know where my debts are. I remember roughly what most of them are and where I got the loans/cards from. But that's it.


I don't want to work with one of the DMP places as I had bad experiences with them in the past and I am hoping there is just some modern way I can sign up to a payment portal somewhere and just chip away at the debts with whatever I can afford. Is this even a thing or am I being hopeful? Am I going to end up in court?


I've lost a stone in about 3 weeks just because of this letter. I need to do something but don't know what to do or where to begin. Please help me


Emilie.

emilie_a

I have gone through some letters. I have identified some accounts with these people who are Westcott, Robinson Way and Lowells. I am sending them emails. I am thinking of paying them a small payment when I can, eg what is left over after bills. But for example, Lowells is over £3,000 so if I pay them £5 for example will I get into more trouble?

emilie_a

Also, how can I find out about other debt. I know there is more but don't know where to locate it

jwil

Start off by getting the whole picture - look at your credit reports for which debts are where.

You can do a self managed DMP through the NEDCAB website https://nedcab.cabmoney.org.uk/dmptour.asp Once you know your debt totals, sort out a proper income and expediture through the site and it will sort out what you offer to pay whom. You just need to print off your offer letters and send it to them.

If you start off by posting a SOA on here though, people will be able to help advise if a DMP is right for you. Here is the template: https://www.lemonfool.co.uk/financecalculators/soa.php