Messed up need to resolve - assistance on F/Final with limited funds

[EffedUpFinances]

OK so here's the brief story - messed up all finances as marriage broke down.

Thought that I would be able to negotiate with my ex (and lower maintenance payments as most of the debt was incurred in relation to travel / access to 2 children who live with her abroad..)

 

Foreign divorce proceedings didn't consider my financial position and as these Credit Cards and bank account were solely in my name evidently its my personal debt. So approx 20K unsecured debt in cards and 2k overdraft.

 

 

Haven't been able to or made payments to cards for 1.5/2 yrs. Bank withdrawn facilities - all debts in DCA (in house) or sold on..Some of the creditors are getting pishy DN's sent and either threats or letters informing of impending direct court action - which is looking v likely with 2 of the debts (both in excess of 5k).

 

 

I have completed a I/E and formal budget sheet with CCAS which shows what I already know - I am spending more than I have coming in. I am balancing the books by making sacrifices (and some family help with food/shopping) and so ongoing not spending more than have. I have contacted the OC's previously (seems not all of them rec'd this or had passed the debt on already) and shared CCAS information and got some holding time.

 

I havent however been able to make token payments partly as my banking facilities have been withdrawn. My (new) other half (is not entirely aware of the extent of these issues) and I cannot ask her to use her account to meet these payments. Due to a change in our circumstances (new baby) we have now moved to Europe where she has family. Even with these changes I still wont have any spare money (having redone the I/E).

 

 

I have supportive family and one member has stepped forward to offer limited help.

 

 

How do I resolve my debts ? I have made a start on these forums but am confused on SAR/CCA and other letters.. I'm not sure I have time to do these? Can anyone shed any light on what I should do strategically - and where to reslistically start ?

Edited September 12, 2012 by citizenB
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[honeybee13]

Hello and welcome to CAG. I'll move your thread to the debt management forum, where the guys should be able to get you started with sorting this out.

 

My best, HB

[brokebutnotbeatn]

Are you living in the uk now? If not, are you intending to return at any point?

[EffedUpFinances]

No I am for all intents and purposes based abroad - but I dont want to mess my UK position and may need to return to UK if work/job/relationship heads that way - trying to keep options open. I also dont want to avoid paying what I owe.. I borrowed/rate / card shuffled and I was foolish to get into such a position. Hindsight,

No I want to resolve my UK position and avoid CCJ Courts route.

Question

SAR to all OC's?

CCA's to all requestors - I am not sure exactly who is after what.

What's my best option that wont rouse the beast but get me down the route of discounted settlement.

 

Thanks for any advice.

I got a clock ticking....

[brokebutnotbeatn]

Your UKposition is already messed up so entering the world of CCA requests and SAR's isn' going to help your situation. The only probably way to avoid a CCJ is to agree a payment plan with your creditors using the templates you can find on the forum and enclosing your I&E (you don't have to do this but it can make the process easier). Parallel with this you can CCA each of them but its only worth doing that if your debts are pre 2007 IMHO. Mind you, its only £1 and as your debts are with 3rd parties they may not be able to unearth the paperwork - at such time you could cease your token payments if you choose to make them. You would need to SAR the original lenders to ascertain whether you have any unfair charges/interest you can reclaim. Whatever you do in contacting these claimants you will rouse the beast. Best to come clean with your partner too. Not sure why you have a clock ticking.