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Hi all,

Have hopped over from the bank charges forum (Barclays) as our case has been stayed as I have recently discovered that same son has got himself into one hell of a mess with his finances. Haven't yet found out the full story but he's making weekly payments to a company called Hamilton Lock(e) who are a debt management company. Anyone know anything about them & whether they are reputable? Thanks all.

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this is there website Welcome to Hamilton Locke

OFT debt collection guidance

 

Please remember the only stupid question is the one you dont ask so dont worry about asking the stupid questions.

 

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I bet they charge a percentage for this "service".

There is NO reason to use a fee charging firm for DMP.

There are a number of charities out there that will help for ZERO fee.

 

National Debtline, CCCS and Payplan and some that spring to mind.

Be VERY careful whose advice you listen too

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Do you know if they charge a fee for this service?

 

Without doubt they will.

 

He might be better off consulting The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 or Payplan - Tel: 0800 917 7823.

 

They run Debt Management Plans (DMP's) where all you monthly contribution goes towards paying off the debts rather than a % or a "management" fee being taken off first.

 

They are also widely recognised by creditors.

 

EDIT: And Curlyben has posted much the same while I was hunting for the links.

[SIZE=2][COLOR=SeaGreen][FONT=Verdana][URL="http://www.nationaldebtline.co.uk/"][/URL][/FONT][/COLOR][/SIZE]

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My son is very secretive about his situation but here's the story as far as I know. Lived at home until just over 2 and a half years ago when he met his girlfriend and within 7 months they bought a house-or rather he did as she wasn't working so the mortgage is only in his name. (Mortgage is around £600/month) She worked part-time for a few months then left her job. Applied for another-but found out she was expecting so gave up looking. Now, I know from past experience that son is hopeless with money but he assured me that girlfriend was v.good & he left finances to her. Turns out she was even worse. Had debts from a previous relationship (which my son is still paying) didn't pay phone bill, had sky installed-didn't pay,owes catalogues, credit cards & loans she took out and mortgage is in arrears. She's now left him & gone back to her parents with their daughter (our 1st grandchild) and I'm worried sick for him. He's more than willing to support his daughter & he works very hard-mostly 7 days a week but the more he earns the more she wants and now she's threatening him with the CSA. Its worrying me sick-how can I help?

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As I'm sure he will be told when he phones any of the organisations above, he needs to sort the mortgage out first, then things like utility bills and council tax. These are priority debts. All of his catalogue debts and credit cards etc. are non priority debts and should only be paid pro rata with any money he has left over. The good news is that he will now have a bit more money to throw at these once he moves to a free DMP. Depending on his situation an IVA may even be an option.

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

BEWARE OF CLAIMS MANAGEMENT COMPANIES OFFERING TO WRITE OFF YOUR DEBTS.

 

 

Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

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From what l can understand if she took out the loans and catalogues and they are in her name then she should be paying them not him.

OFT debt collection guidance

 

Please remember the only stupid question is the one you dont ask so dont worry about asking the stupid questions.

 

Essex girl in pc world looking 4 curtains 4 her pc,the assistant says u dont need curtains 4 a computer!!Essex girl says,''HELLOOO!! i,ve got WINDOWS!!'.

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if she took out the loans and catalogues and they are in her name then she should be paying them not him.

Exactly. If they are in her name then he legally has no liability for them as unsecured debt.

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

BEWARE OF CLAIMS MANAGEMENT COMPANIES OFFERING TO WRITE OFF YOUR DEBTS.

 

 

Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

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Rory & GM-I know. He feels morally responsible as she's not working and he's worried that if he refuses to pay them she'll stop him from seeing his daughter. I've told him she can't do this. Am trying to make him understand that he is not on his own. He hasn't got access to internet at his house so am going to get him to come to ours tomorrow and introduce him to this site so that he can see the help available. He has received 2 hand delivered letters-yesterday and today from a company sent by Northern Rock to discuss his situation with his mortgage. I think he'sin deeptrouble but I'm not supposed to know!!!!

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He has received 2 hand delivered letters-yesterday and today from a company sent by Northern Rock to discuss his situation with his mortgage.

Then he MUST make this his priority. The arrears he will be allowed to pay off over time and eventually catch up, but he has to be seen to be making the financial effort to do this. He MUST stop throwing money at these non-priority debts like the credit cards, loans and catalogues and get the mortgage payments sorted out first.

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

BEWARE OF CLAIMS MANAGEMENT COMPANIES OFFERING TO WRITE OFF YOUR DEBTS.

 

 

Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

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I would advise that he doesn't hand over cash payments as maintenance for their child. He needs to keep a record of what he hands over at all times.... cheques or Standing Orders are best. Failing that, he needs a signature from her.... 'coz I bet you anything that she's not declaring this.

 

Hand delivered letters re. the mortgage don't sound good. He really does need to deal with this one fast.

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Re hand delivered letters. I know-this is really delicate. I only know about this because I went to check on his dog,did some washing up & the letter was in the cupboard with the plates etc. I feel awful, I know I shouldn't have snooped and now I feel even worse!! I really want to help but don't know where to start. Do I admit to being a nosey mum-he works very hard & will not admit to us that he is in trouble

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It's not so delicate Moggie... you haven't opened them. Is he the sort of man that you can ask to sit down and then throw him the line "I know you're in trouble, so please don't try and say otherwise".... and go from there ?.... or is he likely to get cross and stomp off ? What are we dealing with here ?

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Ok... just re-read... you probably have opened them. No worries... I would probably do the same if it was my daughter and deal with the fallout after I'd saved her butt.

 

What are you afraid of Moggie ? You're his Mum... it would be far worse to turn your head and look the other way, in my opinion. If he's a typical young male, his head will probably be in enough turmoil with the ex-girlfriend pressures.... so he'll need you to help him think straight.

 

:)

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Rite first of all l would advise him to stop paying her debts.

 

When the ctalogue letters cum threw get him to put them back in the post saying return to sender adresse moved out.

 

If he knows who they are he could always rite to them advising that the owner of the debts moved out and giving her parents adress.

 

Next he needs to stop paying maintance at the rate she is demanding and when ever she wants.

 

I would advise he goes to a solicitor and seeks legal advice about what he can do. As he is on a low income he may get legal aid for this or be able to pay in instalments to the solicitor l know my mums solicitor allows that and mine also does.

 

This way they can agree a proper and fair payment for child maintance and acess to the child, sorry i ment to put your grand daughter sorry i did not mean to be rude. This way it will benefit both of them.

 

Now about the debts.

 

He should contact a free agency as previously advised and that way he has more money at the end of the month to give the the ppl HE owe money to.

 

The house is the main one with all his living expenses like food and gas ,electric etc.

 

Is there any possiblity tht he can move to a smaller place like a one bed flat or summing and sell the house. Or could he rent a flat. I know he may not want to down size but it will be to his benefit as if he is taken to court he may lose the house anyway.

 

Now what amount of these debts are his other than the mortage?

I am guessing it is sky and the phone bill.

 

Sky is easy to deal with as i have done it before. He needs to work out how much he owes and write to them offering a reasonable payment plan.

 

There top package is about £45.00 a month and they dont usually let it go for more than 3 moths without payment so we are looking at about £135.00

 

The phone bill may be a bit more of a problem depending who they were with and what package they were on.

 

This needs to also be paid in monthly instalments that he feel he can make.

 

As with the previous relationships bills. Do these actually belong to him as if they dint he needs to stop paying them as well.

 

Chrissi

OFT debt collection guidance

 

Please remember the only stupid question is the one you dont ask so dont worry about asking the stupid questions.

 

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P1- I know we need to talk. He takes after his dad-I'm the one who looks after our finances-fortunately!! Will bite the bullett tomorrow & admit I snooped:o

 

GM-gas & electric are prepaid so he doesn't owe anything. He's not been in the house long enough to have any equity and the Sky debt relates to a flat they rented. Don't know who the phone is for-maybe BT. He is paying Hamilton Locke £62.00 a week. How can we find out who he is paying as his ex partner organised all this.

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He can 'phone up HL and ask for details to be sent through the post about where the money's going. Once he has this and we know what it relates to, he can then cancel going through HL and either handle things himself (if it's his debt... it might be hers !) or, go through one of the free sites already mentioned.

 

His mortgage is the priority debt though.... and he must remember that always.

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I know. Am the only female. We have 4 sons-even the two Rottys are dogs!! I'm fighting a losing battle:D

 

strangly enough l know how u feel.

 

l am the only feemale as well. ln this household is my partner, our son, my bro, a male german shepard, a male jack russel and a male felix type cat.

 

No wonder l need the sanity of this site. Good how do we cope.

 

Chrissi

OFT debt collection guidance

 

Please remember the only stupid question is the one you dont ask so dont worry about asking the stupid questions.

 

Essex girl in pc world looking 4 curtains 4 her pc,the assistant says u dont need curtains 4 a computer!!Essex girl says,''HELLOOO!! i,ve got WINDOWS!!'.

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Have just spoken to him & he was still instisting he hasn't got a problem-til I admitted seeing his mail. We are speaking tomorrow:)

 

At least he has admitted he has a problem. If that is what we can call a male admitting a problem. ;)

 

Chrissi

OFT debt collection guidance

 

Please remember the only stupid question is the one you dont ask so dont worry about asking the stupid questions.

 

Essex girl in pc world looking 4 curtains 4 her pc,the assistant says u dont need curtains 4 a computer!!Essex girl says,''HELLOOO!! i,ve got WINDOWS!!'.

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