Struggling with debt and trying to find a way out.

Chaplin1234

Yes, that's the overdraft.

I have a fairly good grip on my position but she doesn't and is just seeing demands for £4500 which has no ability to pay and it is causing all sort of strife. I was hoping there would be a way to negotiate that I will be paying and it would default into my name only as it really is making life difficult.

Chaplin1234

Is there a template letter that I can send to creditors while I am waiting for them to default me and pass to the collectors that will tell them not to keep ringing me and that I don't give permission to come to my house but will respond only by mail? At the moment I am being hounded by calls every day.

RAS

In the absence of a financial settlement, your ex can come after you in a decade or more chasing for a share of the assets you have then. It's not just about what you have now. 

Seen it here before. Separated with negative equity, paid off the mortgage and ex chases for 50%. No way out.

Also, by then you might have a pension pot to share.

Her remarriage would protect most things but not necessarily the pension.

Basically, agree the deal, including that you will pay off the joint debt, get it written up and rubber stamped. 

zedonk

Just a quick note on the clothing budget. I would recommend allowing a small amount for underwear etc, and not taking it right down to zero.

Chaplin1234

Thanks, I will be doing the financial settlement but it is not a priority as we have only recently seperated and divorce hasn't been spoken about yet. To be honest my head has been so full with liquidating my business and then my personal debts I just don't have the mental capacity to deal with that yet. I will be looking into this though.

My plan is to self manage my DMP. I have stopped paying and waiting for defaults and them to be sent to collection agencies where I will agree a payment and save a fund for a new car, rent/deposit  and hopefully in future agree F&F with them. I am hoping I can get the PG debt defaulted for us both and sent to a DCA and maybe I can negotiate with them to remove my ex and i'll start making payments.

At the moment I just want to stop the constant phonecalls and any risk of doorstep visits, especially to my ex's home.

Grumpelstiltskin

Doorstep visits, if they happen are way down the line and they are only door knockers not bailiffs so they can be ignored no problem.

 Block all the phone numbers you can, if you still have problems write using snail mail asking for all communications to be made by mail.

Whatever you do don't be tempted to speak to them.

RAS

If you can,

Set up a new email just for debt issues and edit your contact details to include that. Read once a fortnight at the moment.

Remove your ex's phone and address from the contact details if possible, with her consent.

Teach your ex about doorstep knockers. The usual are Verify and Resolvecall. They aren't that common but have no more power than next door's kitty and you at least tell them where to go. She is just to tell me you are dealing with it.

sourcrates

Under General data protection regulations you can choose how you are contacted by firms.

Write to your creditors and tell them that all contact must be in writing only from now on and to remove all phone numbers from their systems that they hold for you.

Give them 14 days to comply otherwise you will report their actions to the ICO.