pay debts and be skint or life and have flat decorated?

[buddie84]

hi guys

 

at the moment i paying various debts at the moment but i seem to have no money for myself or even afford to furnish my flat or get new appliances if they breakdown its starting to get me down i cant afford a capert yet due these debts (been in flat 8 yrs) i thinking of defaulting on provident & greenwoods loans (cost me abt £120 a month) and mr lender payday loan .

 

do you think i should reduce my payments to provident even tho its only got abt 5 months left?

[Conniff]

Don't just reduce them without notification, that could lead to a default.

 

Make yourself a budget sheet, (one below in my sig) and make a priority list with essentials at the top, then living money and lastly loans. You then divide that up with the amount of debts you have and offer them that amount per month,.

[buddie84]

cheers i already got a budget sheet that why i was shocked about i spend on debt out of my wages i roughly have abt £80 to spend per month between me & partner left after bills/debt etc

 

also is there template on cag regarding cancelling cpa / withdrawing permission to use my debit cards that i can hand to my bank

 

thanks

[Jam_Buttie]

You may find Provi will accept a settlement if there is only 5 months to go

 

If they do, great. If not (and you aint bothered about your CRA) then reduce payments to them. They wont refuse, just moan.

[buddie84]

i get on ok with agents but they do complain abt being fined for non -payers etc not making amount each week due to new system they workin to - i prob just keepin payin since not long togo it mostly just mr lender worrid abt using my debitcard details (i have changed banks where my wage will goto now so its safe)

[BRIGADIER2JCS]

A simple straight forward instruction to a bank to cancel a CPA is all that is needed,

e.g Cease all payments to xxxxxxxxxxx immediately they must accept the instruction and comply.