Cabot CCJ

col81

Been on with Stepchange for years, cancelled them to self manage my debt. I requested the CCA they have sent a photocopy of it. They have sent me a letter saying i need to call them or they will look to give a CCJ. I owe £1200 to them and offered £300 full settlement. I haven't paid them for 3 months. 
I have a default from 5 1/2 years ago waiting to drop off my file. I don't want a CCJ as i am trying to get straight. Any ideas or should i set up a payment plan? will they get a CCJ or is this just a threat? in the ideal world i want a low settlement 

finalfantasist

If you're genuinely trying to "get straight" then the way to do that is to pay your debts off.  So I'd advise doing that.

Fighter1986

If you can reasonably afford to clear your debts within three years, do exactly that.

If you can't reasonably afford to clear your debts within three years, but have assets exceeding £1,000 in value, sell them, and use the proceeds to clear your debts.

If you can't reasonably afford to clear your debts within three years, and don't have assets exceeding £1,000 in value, apply for a DRO if your total debt is under £20,000 or apply for Bankruptcy if your total debt is over £20,000.

Simple.

PixelPound

You were paying the debt up until three months ago, so whilst the default will fall off in about 6 months, you will still be liable for the debt - so Cabot could look into getting a CCJ anytime in the next 5y9m.

I guess you requested the CCA in the hope they wouldn't get it and the debt be unenforceable. Well they have it, so they will consider it for a CCJ if you continue to not pay it. On what grounds are you wanting a partial settlement - if it's just to get it cleared I doubt, now they have proof of debt in terms of the CCA, will settle for anything less than the full balance. 

jimjames

If you have £1000 available to spend on shares then you're probably better off to clear your debt first and avoid getting a CCJ which will impact long into the future.
https://forums.moneysavingexpert.com/discussion/6232219/easiest-and-cheapest-way-to-buy-shares-in-one-company/p1