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F&F's-CCCS or do it alone?

Bunnyinthelights
Bunnyinthelights Posts: 15,278 Forumite
in Debt-free wannabe
Hi all,
Because of my recent serparation from my XOH, I have a chance to become debt free:j :j :j (sad way for it to happen I know)

but I was wondering if I should attempt to negotiate F&F's myself or allow CCCS to do it for me?

My Debt stands at approx £44k and I have £16k and I would like to TRY and get it all gone with that amount....:rolleyes:

Any suggestions/advice/experience greatly appreciated.:o
Empty pockets never held anyone back, only empty heads and empty hearts can do that -Peale
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Comments

  • **Amy**
    **Amy** Posts: 2,680 Forumite
    Oooo Good news about possibly becoming debt free :j (shame about circumstances).

    This might be of use:

    http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=24_full_and_final_settlement_offers

    I would be tempted to try it alone first.

    x
    Debt: just my mortgage :D
  • Bunnyinthelights
    Bunnyinthelights Posts: 15,278 Forumite
    Thanks Amy,
    That's a big help-I was tempted to go it alone because I want to get it as low as possible.
    This money is all that I have from the settlement so would like to have *maybe* a bit left over to start saving for a mortgage with! (a girl has to dream eh?)
    Empty pockets never held anyone back, only empty heads and empty hearts can do that -Peale
  • **Amy**
    **Amy** Posts: 2,680 Forumite
    No problem. That link helped me do mine. :D

    Of course a girl can dream, however they could turn real, you never know!

    Good luck, and keep us posted.

    x
    Debt: just my mortgage :D
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    Start low and good luck Bun :)
    No longer using this account for new posts from 2013
  • Bunnyinthelights
    Bunnyinthelights Posts: 15,278 Forumite
    Thanks Gem
    What are you going to do about Uni?
    Empty pockets never held anyone back, only empty heads and empty hearts can do that -Peale
  • Gemmzie
    Gemmzie Posts: 14,876 Forumite
    Not a clue Bun, I think I'm snookered :confused:
    No longer using this account for new posts from 2013
  • Bunnyinthelights
    Bunnyinthelights Posts: 15,278 Forumite
    Sorry all, shameless bumping of own thread-just wanted to see if anyone had advice?
    x
    Empty pockets never held anyone back, only empty heads and empty hearts can do that -Peale
  • CCCS_Sarah
    CCCS_Sarah Posts: 1,555 Organisation Representative
    Just been looking at your thread about full and final settlements. Looking at the amount you have on your debts and the amount you could offer you could consider doing something called a Lump sum IVA. Obviously I don’t have all your details in front of me so may not be applicable but it is something to consider. If you would like to see if this is an option, call client support for a review and they can go into more details for you. If don’t want to go ahead with the IVA or you are not eligible we can give you all the sample letters you need to offer full and finals.

    Good luck with whatever option you choose and if you need any other information give me a shout.
    I am a Debt Counsellor that works for the CCCS and have specific permission from Martin, to post on these boards to try and help those in debt. Read more information on the CCCS and what it does in the Debt Problems: What to do and where to get help article.

    CCCS is a registered charity, and there is no charge whatsoever for any of the services we provide to our clients. We take great pride in offering first class help and advice, but we only offer this where we have been able to fully explore and understand your circumstances with you. We want to help you understand these choices and their possible implications but not make them for you.
  • Bunnyinthelights
    Bunnyinthelights Posts: 15,278 Forumite
    Thanks Sarah,
    Much appreciated.
    I am calling on Thursday to do my review and will discuss it then
    Empty pockets never held anyone back, only empty heads and empty hearts can do that -Peale
  • Bunnyinthelights
    Bunnyinthelights Posts: 15,278 Forumite
    Thanks again Sarah,
    Just did a bit of reading re. LS IVA and it may be an option.
    I wonder what the advantages are for that versus just doing my own F&F's?
    Empty pockets never held anyone back, only empty heads and empty hearts can do that -Peale
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