started work but still carnt afford to pay bills

[uk007]

hay all looking for some advice, i have quit my job and start another job next week but i will be on a lower wage, i will be bringing home after tax around £1100 now after i payed all my rent, car tax ect you know the bills i need to pay to live i am left with about £100 to pay my debts i am already in payment plans with creditors on behalf of the citizens advice but rather than go back to them and take the time with the long process i have decided to write to my creditors asking for reduced payments for 4 months till i am up on my feet again, any ideas if this will work?? this is what i plan to send each one

 

i have 6 creditors and thinking £15 to each one for a few months then will raise when i have more cash

 

11/10/2012

Dear Sir/Madam

 

Re Account No/Reference No:

 

Since making that above agreement with you, my circumstances have changed. Rather than go back to the citizen’s advice or seek debt help from another source I thought it may be better if I try and do this myself to make the process quicker for myself and you.

 

I cannot now afford to pay the agreed monthly payments because of 11/10/2012 I am now unemployed and seeking employment. All the current money which I will be receiving will be spent on rent and food, I have no other income apart my employment which has now ended. I am seeking employment with the view to start ASAP, In view of my circumstances, please would you agree to accept a reduced offer of £15 per month, for the next 4 months until I have sorted myself out with employment and I am back on my feet. If interest or other charges are being added to the account i would be grateful if you would freeze these so that all payments made will reduce what I owe you. Should my circumstances improve i will contact you again.

Thank you for your assistance. We look forward to hearing from you as soon as possible.

 

Yours faithfully

[uk007]

Anyone???

[havinastella]

Hi 007,

 

Have a look here

 

http://www.consumeractiongroup.co.uk/forum/content.php?590-Creditors-and-DCAs-Letter-Templates-Budget-Planner

[garage flower]

Are any of your debts secured?

[uk007]

well i have no idea i reckon so here is what i have

 

TSB Overdraft £3800

TSB Loan £1200

TSB Credit Card £1300

Barclay Card Credit Card £2100

Vanquish Credit Card £1000

Quick Quid £500

 

As you can see its a lot of debt to have and im struggling they all want like £50+ a month and i just carnt affrd it i offered them £15 and all of them have rejected saying no its not enough,,, im at my wits end here

[Old Cogger]

well i have no idea i reckon so here is what i have

 

TSB Overdraft £3800

TSB Loan £1200

TSB Credit Card £1300

Barclay Card Credit Card £2100

Vanquish Credit Card £1000

Quick Quid £500

 

As you can see its a lot of debt to have and im struggling they all want like £50+ a month and i just carnt affrd it i offered them £15 and all of them have rejected saying no its not enough,,, im at my wits end here

 

Simple :- write and inform them for now that you are paying £1.00 a month until things pick up i..e. new employment, ask all charges be frozen for now and they accept the necessity of this action hopefully short term.

 

Then if problem seek to see thru here if the agreements are enforceable?? they no doubt wil hum ha and so on then the traetograms then send £1.00 to each as and when necessary, you can then show you have informed them and within reason giving a option, be honest if they do not let them go to hell, as a default will be recoreded on file regardless for 6 years/ 5 years Scotland, so damage will have been done either way.