Payplan and clearing debts

stu12345_2

you would not get a dro anyway if you can afford £100 a month, let alone £600!, but if it was only £75 you would, but if your investment was compulsory to take it in February, then it would have revoked it mid term

davetheman007007

Yeah I remember now the £75 was an issue

RAS

Your savings/investment preclude you anyway.

stu12345_2

RAS said:

Your savings/investment preclude you anyway.

yeah any savings or investment above £2000 you have or can redeem prevent you.

it's only private pensions where you are under 55 that are safe, or over you are  55 and they are too low to pay off your debts.

it was just the phrase they mature next year,  got  me thinking are they locked away you can't legally touch or access at present 

davetheman007007

Thanks, I presume should if I pay less than agreed, if the creditor was to instruct a bailff I would get a letter before they arrive so I could do my best to prevent?

Grumpelstiltskin

Forget bailiffs, they don't just turn up. You would need to have had a CCJ that you completely ignored and then they can't enter your property.

davetheman007007

Thanks, yeah I understand they cant enter, but still tramatic if they arrive, but by the sounds of it, as have no CCJ's and should I get notice of one I would resolve and Feb next year is not to far away

stu12345_2

no need to panic, you are like me over think and over worry, I'm learning to stop that thinking the more I learn.

ballifs are court appointed,not private debt collectors, these balliffs only come after a ccj has been awarded and the person doesn't adhere to the ccj.
eg they ignore it or payment via wage deduction has failed.

these ballifs are for unpaid income tax , council tax, not consumer debt eg bank loans ,credit cards

me thinks you have been watching too much poorly made and edited reality TV beat the balliff shows

davetheman007007

Thanks, I will only pay £100 to Payplan on 1st September and see what happens

sourcrates

davetheman007007 said:

Thanks, I presume should if I pay less than agreed, if the creditor was to instruct a bailiff I would get a letter before they arrive so I could do my best to prevent?

Just how would they do that?

It would be easier to raise the Titanic than instruct a bailiff to collect a debt with no court judgement attached.

Always best to do your research before thinking out loud on internet forums Dave, in your position I would stop all payments and wait for the settlement offers to roll in, then once your money has landed negotiate with individual creditors for their bargain basement deals, you are in the driving seat my friend, you call the shots.