lost job and debt problem

[toplad]

my wife has lost her job 3 months ago and we have been paying our creditors we other credit. this is now comeing to an end. we are still in the early statges of this month and will struggle to feed our children. our debts are credit cards and an unsercured loan totaling around 20k .

we have 3 children and although i am still working our income and outcome is not good. i have asked for help in our mortgage and then will not touch us until we address out un secure debts. i cannot afford an IVA/ DMP and thinking about payinf token payments having around 30 p/m spare. any advice please

[BRIGADIER2JCS]

Hi difficult situation but these debts are not a priority BUT

keeping your home and feeding the kids most definitely is!!

 

I suggest that you work out a personal income & expenditure

sheet list all priority debts:

Mortagage

Insurances

Utilility Bill

Council Tax

Any other secured or govenment debt.

Then list all the non priority debs ie the

ones you mention here.

Food

Clothing

Travel to work

etc.,

School Meals

Then your nett earnings

Any Tax Credits

Benefits etc.

 

Set the two off against one another

to see your disposable income, from

that deduct a sum for contingencies

this is then the amount you can reasonably

afford to pay your creditors if it's only £1.00

per month each so be it.

 

Then write to each creditor and state your situation

and the amount you can pay remember you are

in charge you say what you can pay not the creditor.

[toplad]

thank you, first i am going to change bank account. then i will write and inform them. fingers crossed. i know some credit cards are older than 2007 and may have been taken out around 2004 so they might not have a cca is a cca request worth while?

[BRIGADIER2JCS]

thank you, first i am going to change bank account. then i will write and inform them. fingers crossed. i know some credit cards are older than 2007 and may have been taken out around 2004 so they might not have a cca is a cca request worth while?

 

The CCA request has lost nearly all of its' ability to dispute any debt, since case law

has raised challenges as to if it's a valid challenge, recon agreements statements

showing use of a credit facility all taken in to consideration now.