Confused

Jimreevesfan61

Hi everyone  about 6 years ago i got into trouble with debt and got help from the fantastic charity stepchange , I eventually self managed my DMP and have for the past few years only been paying a £1 a month to each creditor as this is all i can afford ,All my creditors have been fantastic and so understanding .But i am confused as to it states on my credit report i have a ccj and yet when i have done a search with trust online that isn't showing anything up it just shows a green square can anyone help please thanks in advance 

sourcrates

Who lodged the CCJ, it should give you a reference on your credit report.

There can be various reasons why it does not appear in a search, but first it helps to know what it was issued for.

Jimreevesfan61

Thank you for your reply it says COUNTY COURT BUSINESS CEN and the amount it was a credit card 

sourcrates

Thats Northampton Bulk Processing Centre then, thats the court most judgements are made through.

So its a credit card, does it ring any bells ?

Have you moved in recent years ? as the address the papers were served at may not have been your current one, which would explain why it does not show up on the registry.

You can email the court with the ref number and they will give you the details (best to email as the phone is constantly in use).

Jimreevesfan61

All my creditors have my current  address  and i am paying that at £1 a month it was dated 2017 that what's confusing and i checked my old address with trust online and nothing 

sourcrates

I assume no one is chasing you for this then ?

Jimreevesfan61

No thats whats confusing i've had no paperwork no notifications at all ,In the beginning Stepchange contacted everyone then i took it all over ,Everyone accepted my payments of a £1 a month and just every 6 months i get a letter stating i can pay it all off or carry on with my plan that's in place ,I keep hoping that i get left a fortune so i can pay off all my debts but until then i will carry on with the £1 a month 

sourcrates

Would an insolvency option work for you, do you rent or are you a homeowner ?

Jimreevesfan61

Hi we rent with a housing association we are aged 62 and 61  how do we do the insolvency thank you  

sourcrates

Jim there are a number of options, it depends how much you owe, and what your personal circumstances are.

A valuable first step is to do a statement of affairs, so we can see what your situation actually is -

https://www.stoozing.com/soa.php

Token £1 payments are only ever used as a temporary solution, you could just carry on like this forever if your situation will not improve, but you can still be chased etc etc, with no real end to it.

A Debt Relief Order on the other hand could take away your debt worries in as little as 12 months, as long as you meet the qualifying criteria, and your debt is less than 20k.

If you owe a substantial amount, then the ultimate weapon is Bankrupcy, it depends on your circumstances as i said.

Fill in the SOA as accurately as you can, and don`t forget to format it for MSE when prompted, then post it on here.

Galloglass

A Debt Relief Order on the other hand could take away your debt worries in as little as 12 months, as long as you meet the qualifying criteria, and your debt is less than 20k.

It will also wipe out any rental debts (and loans from family etc) so best to make sure you have all your debts listed in your statement of affairs as a DRO will have negative effects in some circumstances. Wiping out debts to a landlord can have significant repercussions.