just got in touch with CCCS, advice????

stephaniek6838

hi, been on the phone to HSBC this morning, as i am well overdrawn, bank charges etc etc, HSBC cannot help me out so i had to ring CCCS. i am having a appointment phonecall on friday morning and just wondered what exactly there gunna try and do? i have 2 credit cards, overdraft and personal loan. will they try to consolidate it?
plus is this going to effect my credit scoring etc?? im suppose to be going to university i september abd dont want it to effect student loans etc

thankyou steph

Ames

I doubt they'll advise consolidation, usually that's the last thing experts want!

When I had my interview they just went into my income and outgoings and then took down details of my debt, fed it all into the computer and gave me advice based on that. Any problems with your credit rating will affect things like student overdrafts though, any commercial debt you want to get as a student, but I imagine that if you're having problems now you don't want to take out any more debt anyway!

My credit rating is shot with all kinds of defaults, but I still got a student loan for my OU course this year, so I doubt they do a credit check - their repayments come straight from your income at source so they don't need to worry about that.

~Beanie~

They won't try and consolidate it, no. They may advice a debt management programme (DMP) which is where you come to an agreement with all your creditors to pay a certain amount per month, this will almost certainly affect your credit score. I'm not sure how it affects student loans.

Can you post a full SOA (statement of affairs), maybe some of the experts on here can give you some advice before your phone appointment on Friday.

stephaniek6838

hi thanks
SOA
i get minumum £40 from part time work
at the moment im getting adult learning grant wich is £30 a week (untill end of june 2008)
= £280 a month incoming

outgoings :
Travel £60 a month
egg card (min payment) £20
mint card (min payment) £30
Personal loan £25
board £80 a month
food £10 a week

thanks again

stephaniek6838

hi, debt commitments? do you mean what i owe all together?
egg: £600
mint: £1800
personal loan: £1500
= £3900

im seriously considering not going to uni this year, im 22 and want to get it out of way though and try to pay off debts before i go. im trying to look for a better job now so i can get more money, but its not that easy
i just dont know what to do

thankyou all for info

stephaniek6838

forgot to mention overdraft! £439

RAS

Stephanie

What are the APRS on those debts?

And when does the course finish?

Jacks_xxx

Hey sweetie, :hello:

if you punch all your info into the debt remedy it'll give you a good idea of what your options are, and it has the added bonus of asking for all the info they're going to ask for when you speak to them so it helps you get all the relevant stuff together, and progress faster.

Here's the link:

https://www.cccs.co.uk/debtremedy/(S(1zilde55slj3vc45xsuwem45))/start.aspx?hp=4

Love Jacks xxx

making_changes

can anyone give me a template for a letter to creditors......I'm just starting a dmp