NCO Europe solicitor and an old orange debt

[Wintry]

When providing a DCA with an I/E form,

what sort of stuff is considered reasonable or necessary?

 

As I'm currently on JSA but live with parents so I'm not a main bill payer for the main stuff,

but I do pay my parents weekly with what I can afford and I pay for a lot of stuff for myself, food etc and hardly seem to have much left over.

 

The balance of the debt is £250 and I've proposed £1 or £2 a month until my circumstances change

but my I/E form seems to suggest I have lots of money left over when it's not the case in reality.

 

And how much of your disposable income do they expect you to pay creditors with? not all of it surely? how about emergencies etc?

 

just don't want to paint the wrong picture to the DCA and them thinking I can afford more than £1 or £2 when i would struggle to do so when it came down to it.

 

Cheers

 

Hi

 

Are you in receipt of Income Based Job Seekers Allowance ?

 

If so then you wont have any disposable income based on the CFS, in fact it is unlikely that the CFS allowances will make much sense with Income Based Job Seekers Allowance. It would be a minus Financial Statement if the CFS was applied is my understanding.

 

Token offers would be the outcome based on the above income and creditors should be aware of this, they see it on a regular basis.

 

If you are in receipt of Contribution Based Job Seekers Allowance, there may be other income, so it may be different.

 

Maybe check out the CAB Online System, it has industry accepted expenditure allowance guideline figures

 

http://mymoney.nedcab.org.uk/moneyadvice/dmptour.asp

 

http://mymoney.nedcab.org.uk/moneyadvice/

 

Best Wishes

Edited September 14, 2013 by Wintry

[Wintry]

Yes, but but what is the alternative? If I just said "All I can afford is £1 p/m" and gave no further information, they would more than likely just apply a CCJ against me, right? They would have nothing to lose.

 

Like I said it's at an advanced stage and I've had two letters recently. First one letter before action....then a letter before court action so I kind of have to. I'd rather give it to them than go through a CCJ.

 

Original Mobile Phone Debt = Orange. Then it was Moorcroft, then NCO Europe, now It's in the hands of a solicitors who I presume are acting on behalf of NCO Europe

 

 

 

Hi, yes it's Income Based JSA that I receive. £56.80 per week I believe.

 

I live with parents though and I'm not legally responsible for any rent/mortage or council tax, or electricity/gas/water or stuff like that which is the important stuff (although I try and help out even with limited income on benefits)

 

For all a DCA knows I could be receiving JSA and hardly pay anything out, but that is not the case.

 

Hi

 

JSA for the under 25's is paid at the lower rate of £56.80 per week which equates to £246 per month.

 

Creditors and their collection agency buddies know (or should do) that Income Based JSA is the minimum amount the law says you need to live on and token offers is what usually follows and in the real world of basic maths that this ought to be accepted.

 

They should not question this really but some of them may feel the need so to speak (usually script readers talking rubbish)

 

You could put up what you spend on here and we could have a look.

 

If a calculation based on certain industry accepted trigger figures was applied, the allowance for food / housekeeping alone would basically take out all your income, then there is clothing, telephone, travel, contributions to utilities etc.

 

Expenditure allowances are there as a safety net and to help with accurate smooth running of debt advice / courts / procedures / solutions and rightly so in my opinion, without them chaos and confusion would follow along with silly, nonsense, self interest payment demands and the like.

 

My opinions

 

Best Wishes

Edited September 17, 2013 by Wintry

[Wintry]

It certainly would if the maximum figures were applied, that's for sure.

 

Hi

 

It would not even need anywhere near to the maximums in this case, unless of course we are talking about an agency that say (for reasons known only to them) recommend figures like £165 per month for housekeeping on an online debt tool)

 

On the subject of allowances, the MAS are looking at 'harmonising' the CFS & Stepchanges expenditure allowance trigger figures so I hear. I cannot understand what the fuss is about, why don't they all use the independent CFS, if so then all the 'confusion' surrounding would be ended in the stroke of a pen.

 

Some of us think we know why:)

 

Also, is it true sequenci that Stepchange get 'some sort' of payment every time someone uses their Debt Remedy Tool? I am only asking, maybe they could come on here and 'brooche' the subject!

 

The adverts seem to have started again:)

 

My 'take'

Edited September 17, 2013 by Wintry

[Wintry]

If that includes all housekeeping (e.g. clothing etc. too then that figure is an absolute joke)

 

 

 

I absolutely agree on this.

 

 

 

No idea on that one, but nothing surprises me these days.

 

Hi

 

I had a look on the WA site recently and noticed that there is a fairly new E-Learning course on the CFS, think it carries CPD points for the MIMA qualified people too

 

How then can there be a different set of figures that are much lower in some areas, how can advisers give accurate advice and who's interest are some of these figures in, especially when you take into account Debt Relief Orders.

 

It is a joke and totally misleading

 

The silence just gets dafter, but everybody is starting to see through it me duck... aren't they??

 

Can't wait to see how they get round (or try to) this harmonising business!

 

It is a snooker, re - rack style

 

What about all those DMPs!

 

We are still waiting, wry smiles and all.

 

Tickety tock

 

My honest opinions based on rock solid experience

Edited September 17, 2013 by Wintry

[Wintry]

Yup, it's brand new. Launched last month. I've not even done that one myself (just had the reminder!).

 

I wonder how many people who could really do with a DRO (and would meet the citeria based upon CFS) end up with DMPs or even (shudders) IVAs?

 

Hi

 

Think we both know the answer to those questions

 

We see a lot of people and some of the stuff is getting quite interesting - we are keeping a close check & list, oh yes, social policy stuff too!

 

Old allies and that:)

 

PS - do you need the CPD points?

 

My 'take'

Edited September 17, 2013 by Wintry

[Wintry]

Nope

 

Hi

 

Lucky you:)

[Wintry]

Oh, I wouldn't say that. I've taken a different route, and it's killing me! And the new term starts next week! arrghh!

 

Hi

 

Well, best of luck on your quest:)

 

It will soon be a requirement in many agencies the way things are going (already is in some)

 

 

PS - given the content of this thread and questions by the O/P it might be an idea to start another thread just for information on expenditure allowances / trigger figures etc

 

Just a thought

[Wintry]

It's a good thing, and I know all money advisers worth their salt are keen to have some sort of formal accreditation. I'm looking forward to when the IMA introduce their other courses. I think it'll be really useful - and ultimately great for the public as they'll benefit from it all absolutely.

 

Hi

 

The IMA accreditation is exactly that now really and is the one they all seem to be asking for and will be the benchmark in my opinion.

 

It is a worthwhile qualification and well run, they have done well and stole a march

 

My view