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Help! £54K debt, DMP process and defaults.
Comments
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How should you proceed?
If you are unemployed and receiving no income or only benefits don't pay anything.
Contacting the debt companies only gives them ammunition to try and push you to keep paying them, don't contact them.
If you go down to the woods today you better not go alone.1 -
I'm not a big fan of token offers. I think wt this stage just stay quiet and see what they do.
If you get a lump sum from the employment issue, will you be using some of it for settlement offers?
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Makes sense when you read that out aloud. With regards threats of 'legal proceedings', what's an empty threat and which ones should I take more seriously?
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Yeah, it's the threat of legal proceedings I'm worried about.
But if I did receive a lump sum the plan is to leverage this and pay debts off in a lump sum, which should put me in a position to negotiate a discounted rate.
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You only take them seriously when you receive a letter before action through the post.
If you go down to the woods today you better not go alone.0 -
"Yeah, it's the threat of legal proceedings I'm worried about".
Courts use your own budget figures to work out payments to county court judgments, if you have insufficient income to service these payments, then the court would issue a zero payment order, or £1 a month, or £5 whatever your budget says you can afford.
There is no need to fear legal action unless a CCJ would affect your work, the courts are here for the use and protection of all parties, not just claimants.
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Do you own a car or have one on finance?
How old are you?
Can I ask what an ew job is realistically likely to pay after tax?0 -
No point in offering a token amount at this stage. Simply let PR A etc know your current circumstances and that you cannot afford a payment at present. DO NOT tell them of the action against your previous employer. Should you ever get that money you can use it to find reduced settlements.
Make sure your essential bills are back on track before you restart any payments.
As regards Promontoria do nothing. It is their role to chase, not yours.
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Anyone wanting to start a court claim against you has six years to do so, with the clock starting at the default date and restarting every time you acknowledge the debt by payment or in writing.
With 9 fairly chunky debts you would be lucky to get away with no-one using the courts but this does not happen quickly or without warning.
The letter to look out for is a Letter Before Claim, which should come with a 30-day limit and information sheet and reply forms.
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