where do i start

[lochnettie80]

hi all

my partner was made redundant and we have several debts

 

where do i start trying to sort them out , the debts as follows

 

natwest over draft

natwest loan

3 credit cards all with less than 500 an each

2 catalouges

 

im starting to get worried i dont know where to start sorting them out

i cant afford to pay them all what they want

i still work but only part time, so cant really use the on benefit heres a pound a week thing

any help would be appriciated

[silverfox1961]

Hi

I think your biggest issue is Natwest as you have an overdraft and a loan with them. It is not unknown for a creditor to offset the loan debt with your current account even if that pushes your overdraft higher. Now I'm not saying Natwest will do this but you should be aware.

My opinion is that creditors do this as overdraft charges cannot be reclaimed whereas loan charges can.

 

If you use the template letters in the library to help negotiate, that would be a good start.

Work out what you have to play with each month and offer that (making sure the amount will not leave you overstretched)

 

As with the credit cards and the catalogues. Pound a month

[lochnettie80]

thanks for that will have a look about and try to find the letters

 

the problem were having is that he doesnt claim JSA conrtibution based so all the payment protection on the loan catalouges and credit cards wont pay out so now were stuck

[dx100uk]

get reclaiming those useless PPI policies

 

http://www.financial-ombudsman.org.uk/publications/technical_notes/ppi.html

 

dx

[citizenB]

You will also need to sort out an income and expenditure plan so you know exactly where you. I have attached one below for you.

 

[ATTACH]28915[/ATTACH]

[lochnettie80]

thanks for the sheet found it earlier OMG when it wrote down on paper it seem sooooooo much worse than i first thought my heads pickled now:???:

Where do i find template letters to send to the bank about the load and overdraft can anybody help

[citizenB]

You should find what you are looking for in the CAG library which is shown at the top of each page. If you are struggling, just yell.