Question about Payplan

[just_jue]

Hi, I am after a bit of advice if possible.

My brother in law has been with Payplan for 3 years out of a 5 year contact.

It looks like he will be made redundant in the next couple of weeks.

What would be the best thing to do? as he would be able to continue with his monthly payment of £150.

 

Thanks in advance.

 

JJ

[KPRHERO]

Payplan are an excellent service, and if he is being made redundant all he needs to do is let them know and they will let the creditors know, to be honest I would ask payplan to ask the creditors what a settlement fee could be on each debt and see if you can afford to pay them now, rather then later, or perhaps just get a few re-arranged. But speak to them and they will re-organise things for you.

[just_jue]

Thanks for the reply.

If he had PPI on any of the accounts could that be invoked or because he is with Payplan is this not possible.

[loobyloo85]

Payplan offer cover my insurance which your brother in law may have taken out when his IVA was approved to cover his IVA payments in case of redundancy.

Your brotherin law just needs to contact his case worker, and explain circumstances, and as well as Hero has mentioned above with the settlements, your brother in law, could also either reduce his IVA payments for a max of 3 months, or suspend the payments for max of 3 months, and put an extension on the end of his arrangement. This way, in these few months he will have the time to find himself a job. The creditors do need to agree to this, but worth a try x

[just_jue]

Hi everyone,

 

I am helping my son and misses girlfriend sort out their finances and they are in severe difficulties.

 

1. Both of them have loans with shopacheck are in arrears nearly £1000. These were loans from about 2008-9. They are now receiving letters from Cattles regarding the arrears.

2. Both have loans with Greenwoods approx £700 each.

3. Towercapital £186.00 (rolled over)

4. Lending Stream £40 (again rolled over)

5. Thursday loans £40 per month

6. Court Fine £165

7. Sky Bill £600

8. Virgin £300

9. Capital One £400 (being chased by the Leeds Losers for a debt from 2005)

 

Now they are expecting their third child and my son hasn't got a permanent job at the moment.

 

Luckily they are up to date with their rent - council tax.

The first one to sort out is the court fine.

 

How is the best way to sort out the other debts? Would sending a monthly expenditure with a monthly proposal. And what is the best way of dealing with the payday loans?

 

Thanks for your time and any advice would be helpful.