Please Help...

malteaser1988

My boyfriend is quite bad with money, and im posting this thread on his behalf to try and help him get out of debt.

At present this is what he owes:
£250 on Cap1
£500 on store card, but this has just turned into a CCJ
£500 to a college
£150 for an old phone bill

I have downloaded the templates for claiming back unfair charges on the cap1 and store card, however can i still proceed with the store card as it has now turned into the CCJ.

And how can I help him without causing arguements? Ive tried writing out budget plans for him, but im at uni and only see him at weekends so i dont always know what he spends his money on.

I should add that he is a student at college at the moment(although a mature student) and he earns about £500 per month. but has to spend alot of money on petrol. £150 ish per month, plus housekeeping at about £50 per month.

He seems to really want to sort out his debt and it doesnt help that his parents borrow money off him and are not good with money themselves. And as they are his parents he feels obliged to help them.

I dont want his bad debt to damage our chances of a mortgage etc in the future and I am not prepared to put everything in my name in the future knowing how bad he is at keeping up repayments with things so i would like anything joint to be in joint names.

I hope everything makes sense its my first big post so i hope its all done right.

Any help would be appreciated greatly.

Malteaser1988

Lizalu

Hi, I'm afraid I can't offer any useful advice, but I'll bump for those who can!

CCCS_Sarah

Hi Malteaser,

Just been reading your post. Has your partner been paying his CCJ? This debt needs to be treated as a priority as if he defaults the court may send bailiffs. Is the payment set at an affordable amount? If not he could apply to the court to vary the judgement, he would need to complete an N245. There is a generally change to do this, how much now depends on your income. His local court will be able to give him more details.

With regards the amount owing to college, does he still attend this college? If so again this one also needs to be treated as a priority as it may effect his position. The other debts such as Capital One and his old phone, he could offer reduced payments to these. The amount he offers would need to be based on a financial statement (SOA). Whist we cannot advise you fully on his situation via this forum we do have an online advice facility called Debt Remedy where you can complete a financial statement and be provided with advice on the best way to deal with his situation. This link will take you directly to Debt Remedy.

Does your partner work Part Time at the moment? Could he look at increasing his income to pay the debts of quicker?

Taking all this into account though, if your partner is not wanting to sort out his debt its going to be really hard for you to help him, even if you help him put together a financial statement he needs to stick to it and it involves will power. You could maybe show him this website and let him talk to some of the brilliant people on here that have learnt through experience – they would be able to give him some great advice!

Lilypad_2

Hi,
My boyfriend is/was also very bad with his money.
After we moved in together, bailiffs knocked on our door and I realised how bad it was.
I took charge of his debt, all his bills and letters. He wasn't even opening them at all.

I took out a loan in my name (I am so unblemished lol) and paid off all his creditors.
I know it wasn't the best solution but they were going to take his car and he needed that for work!
Since then he has unable to get credit for anything, even a mobile phone contract so everything we have is in my name. (Although I am not so unblemished anymore lol).

As we are together and have a daughter, his debt is my debt and vice versa.

We do currently owe some money (utilites) and I have already called and arranged payment plans with the companies. (At the end of the day, people just want their money back, no matter how small amounts).

The amount of debt your boyfriend has isn't all that much on the grand scale of things, but he has allowed things to get out of hand.

Has he had any bailiffs? They are usually ok and will accept a payment plan from you for debt - however, if you miss one they will demand payment in full plus a load of extra charges.

I'm not sure if any of that helps. But he shouldn't feel embarrassed. Everyone gets into debt now and again - I have come to realise that you just have to swallow your pride sometimes.

x

Oh and, I spoke with CCCS yesterday and they are a Godsend

malteaser1988

Firstly, thank you so much for your help Sarah.

Just been reading your post. Has your partner been paying his CCJ? This debt needs to be treated as a priority as if he defaults the court may send bailiffs. Is the payment set at an affordable amount? If not he could apply to the court to vary the judgement, he would need to complete an N245. There is a generally change to do this, how much now depends on your income. His local court will be able to give him more details.

And no he has no been paying anything apart from the minimum payment for quite a while now. He has only just told me that the CCJ letter arrived earlier this week. Apparently he has previouly ignored/not done anything about a previous letter that gave the three different forms. Do you mean there is a charge for reducing the payement that the CCJ demands?

Does this mean that he now has to repay the full amount and we cannot try and claim back any of the unfair PPI charges that are part of the account?

With regards the amount owing to college, does he still attend this college? If so again this one also needs to be treated as a priority as it may effect his position. The other debts such as Capital One and his old phone, he could offer reduced payments to these. The amount he offers would need to be based on a financial statement (SOA). Whist we cannot advise you fully on his situation via this forum we do have an online advice facility called Debt Remedy where you can complete a financial statement and be provided with advice on the best way to deal with his situation. This link will take you directly to Debt Remedy.

He does still attend the college but on a different(and free!) course...do you think that if he does not pay it may jepordise his position?

Thank you for the link, i will work through the statement with him at the weekend.

Does your partner work Part Time at the moment? Could he look at increasing his income to pay the debts of quicker?

Unofrtunatley he already has two jobs and work alot of hoursa per week, any more may interfere with his studies.

Taking all this into account though, if your partner is not wanting to sort out his debt its going to be really hard for you to help him, even if you help him put together a financial statement he needs to stick to it and it involves will power. You could maybe show him this website and let him talk to some of the brilliant people on here that have learnt through experience – they would be able to give him some great advice!

Thank you, I dont think he would be best pleased to know that i put his siuation on here though, he has too much male pride! If i can post on here and it benefits him then at least that is something. I will suggest that he looks at the site, and see what he says.

Thanks again for you advice.

malteaser1988

He hasnt had any baliffs...yet..but as he ignored one letter there may be more that he has ignored and so i cannot be sure. He still lives with his parents...whose items would they confiscate?

I really want to help him to get out of debt, he is supposed to go to uni next year and im thinking that if he hasnt paid it all off he will start uni with debt and accumulate more (aside from the usual student debt!)

thanks for your help, and i agree that if we were living together our debt would be shared, but im hoping that by that stage he wont have any debt!

malteaser

CCCS_Sarah

malteaser1988 wrote: »

Firstly, thank you so much for your help Sarah.




And no he has no been paying anything apart from the minimum payment for quite a while now. He has only just told me that the CCJ letter arrived earlier this week.If they are county court claim form’s they will be blue and white, have the court crest in the top left corner and will have N1 in the bottom left. If so he needs to complete and send these back ASAP. If he completes these within the specified time he can offer a reasonable payment amount, if he doesn’t, the court (creditor) will set the amount and if this is too high he will then have to complete the N245 to vary the judgment and may have to pay for this Apparently he has previouly ignored/not done anything about a previous letter that gave the three different forms. Do you mean there is a charge for reducing the payement that the CCJ demands?

Does this mean that he now has to repay the full amount and we cannot try and claim back any of the unfair PPI charges that are part of the account?If he is defending the claim then there will be another form in the pack called an N9B (will say bottom left of the form). If he disputes some/all of the money then he can write his defence and include any supporting correspondence.




He does still attend the college but on a different(and free!) course...do you think that if he does not pay it may jepordise his position? If he owes they money then he needs to come to some arrangement, see what the college are willing to accept



Thank you for the link, i will work through the statement with him at the weekend.



Unofrtunatley he already has two jobs and work alot of hoursa per week, any more may interfere with his studies.




Thank you, I dont think he would be best pleased to know that i put his siuation on here though, he has too much male pride! If i can post on here and it benefits him then at least that is something. I will suggest that he looks at the site, and see what he says.

Thanks again for you advice.

Any more questions give me a shout

chalky_75

Please dont take this the wrong way -- I am in no way criticising you or your partner but why is it that it is usually us females trying to get the men out of trouble. Sometimes I think it is driven by a desire to fix things and mother someone when actually what they need to do is sort themselves out and feel the sense of achievement that brings
Only a thought. Good Luck

mummytofour

Has he claimede ALG? Its like EMA but for older ppl.

CLAPTON

Don't get any joint accounts / loans with him... it will create a financial link between you and if he has a bad credit record then it will wreck yours too.

Don't transfer debt from him to you and trust him to pay it off... clearly he's not yet at that stage.

If he has defaults, bad payment history and CCJ then it WILL affect his ability to get a decent rate mortgage.

He has to take responsibily for his own debt management.. you can help and support but he must accept responsibiity.

If you see this as a potential long term relationship, potentially the father of your children, how would you feel about being reliant on him for the financial security of your and any children.. worth thinking about.

malteaser1988

mummytofour wrote: »

Has he claimede ALG? Its like EMA but for older ppl.

Not as far as I know, do you have any more info.
and what does ALG stand for?

thanks.