Help on everything :(

[leyuads]

Hello all, newbie here!

First off, a huge thanks to everyone who contributes – a lot of the stuff I have seen has already helped, and it’s nice to know that I’m not alone in my situation. However, any advice on what to do next would be much appreciated.

Briefly, I have:

Egg Card - £2.5k – debt collectors chasing me

Virgin Card - £2.5k – debt collectors chasing

Asda (Santander) - £2.5k – Cohen & Co. Involved, I have received a Form N1 which I did not reply to within the 14 days (and still haven’t replied to). Help!

In addition I have 4 pay day loans amounting to around £3k, including interest and charges. All are past their repayment date.

I have been in touch with the CCCS and am in the process of setting up a DMP, and I have sent the standard CCCS letter/email to the 3 CC companies and 4 PDLs. The CCCS are just waiting for a couple more statements from me to work out my total debt before contacting the lenders.

I have been able to get a loan from family which should cover two-thirds of the total above, and was hoping to make it stretch further by agreeing some reduced settlement figures with the CC companies. I mentioned this to the CCCS, but they said they would be obliged to offer it split amongst my creditors, so if I go down this route, i need to do it myself before setting up the DMP. Does this seem a sensible next step? If so, would you recommend I settle the PDL money or CC stuff first?

Other questions I have:

If the lump sum did cover the CCs and I am only left with PDLs, is there any difference between agreeing my own payment plan or through the CCCS? And how the heck can I get them to stop taking the money directly from my account??

In terms of reclaiming charges, should i do this before or after trying for reduced settlements? And can these be reclaimed from PDL too? And a really, really stupid question...if I am reclaiming charges and they agree to refund, but I have the balance on the card still outstanding does it actually get repaid or will it just be set off against the balance??

Thanks again all, and sorry for the lengthy post!

Having written all this I have just seen that there is a substantial thread on F&FS which I am making my way through now! But any other help is much appreciated.

[dx100uk]

do all the reclaiming FIRST & PPI!!

 

dx

[leyuads]

And I assume CCA requests too?

[victoria_siempre]

Hi leyuads

 

It would be illogical to offer F&Fs prior to establishing how much is owed to whom and on what grounds.

 

x

 

v

[matt5983]

do all the reclaiming FIRST & PPI!!

 

dx

 

Dx i understand this, but it takes a bloody long time it's alot of work to do and can cause a serious amount of stress and agro. Bad advice IMOP

Its best to sort a DMP then go that route, which you can still do and at least you know where you are now.

 

Even then, reclaiming might not have to happen if they realise how much they owe who, but that depends on which company

[dx100uk]

nope.

 

by reclaiming you put them on the back foot and it reduces the balance first too making any f&f more attractive.

 

dx

[leyuads]

Thanks for the replies.

 

As an update, I have sent CCA requests to the credit card debt chasers and am waiting to hear back, and emailed all PDL companies requesting £20/month repayment terms (and cancelled my debit card today). I also told them that I would not be repaying more than the loan amount plus one month's interest...I await their responses with great anticipation!

 

In terms of my N1 - I have done my reply online (outside the 14 days but within the 28) stating that I will be defending, and now sit in hope that Cohen & Co are as rubbish as they seem to be from reading some other posts on here!