Debt curse

jo6

Time for an update, got in contact with the CAB who still havent heard back from the Abbey but were going to post all the companies a copy of my financial statement. Hopefully they will all accept and after that I dont know what happens.

Do they contact me or the CAB and what happens if they dont accept and am I on this plan forever or can I pay extra if I can afford it?????

rog2

jo6 wrote: »

Time for an update, got in contact with the CAB who still havent heard back from the Abbey but were going to post all the companies a copy of my financial statement. Hopefully they will all accept and after that I dont know what happens.

Do they contact me or the CAB and what happens if they dont accept and am I on this plan forever or can I pay extra if I can afford it?????

They should contact CAB, and any letters that you receive, especially from creditors who 'don't agree' with your payment proposals, you should pass on to your CAB adviser. They are trained to deal with it - and, as previously said, many creditors, especially banks and credit card companies, will try to gain preferential treatment, but they, usually and eventually, will accept what is on offer.

jo6

Hi all dont suppose anybody knows how the work the snowball calculator I must be doing something wrong or else im that deep in debt I wont have it paid off in the next 80 years

Dont think I can wait that long!!!!

Just by the by can you send away for a CCA from a mobile phone company???

RAS

Jo

mobile phone contracts are not usually covered by the consumer creidt Act, so probably not.

With respect to the snowball, if you are doign a DMP, CAB will be hoping to negiotiate a cut or halt in interest on the accounts so your money pays off the prinicipal. It can take several months for that to be sorted out, so in the very short term, your debt may grow.

jo6

Thanks RAS do you think I should claim cc charges back now or should I leave it until the DMP has been set up??? Dont really want to rock the boat.

Confused_Newbie

Hi jo6

I am a fellow NI Debt Free Wanabe! Im a newbie on here so prob cant really offer that much advice but you appear to be doing the right thing! Keep going! I am always here to offer support as I know some things are slightly different in NI.

jo6

Hi Confused thanks for the welcome and same to you!

Nice to know im not the only 1 from this side of the water and support from everyone is very welcome..

This is a great site and the people are amazing feel like ive a weight lifted and I havent even got anything sorted yet!!!

Hope you get yourself sorted to.

jo6

Another update

Have come to the conclusion life is c*** I have just realised after hubby went self employed last february that earnings based on last year do not tie with this year and have probably been massively over paid by hmrc tax credits!!! Which means I now owe them in the regions of £12000. How to deal with I dont know but will have to be paid. Hope they are reasonable and will let me pay it off. The noose looks ever more appealing!! How did I get so far down and so low..

This has to be the worst day. Is it all worth it?????:mad:

jo6

another update!!!

Just want to say that I did not receive any letters from collectors today 'yeehaa'

But at a guess this is the calm before the storm:rolleyes:

Can but hope.

Just want to say that I hope all DFW have a great day and a light at the end of the tunnel. And thank you to all who have been so kind and helpful.:T