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Make sure you add an entertainment socialising part to that I&E. You are normally allowed up to 1/3 the remaining amount left over after essentials.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..



If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks


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Make sure you add an entertainment socialising part to that I&E. You are normally allowed up to 1/3 the remaining amount left over after essentials.


As I've said I plan to pay off pld before tackling all my debts so my current expenses/leftover money will be more than what SOA states.


Sent that to TLS, and they accepted my own proposal for repayment.



Still not heard from 24/7 moneybox.


What do I do?

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Lenders are encouraged to take on board debtors circumstances (which includes debtors becoming over committed to credit, reduction of hours at work, unforeseen financial problems). Personally, as long as you offer them a repayment plan then there really is no reason they can decline or refuse this. Furthermore, you're the one who's in control (not them), so only offer them what you can afford, and that's all they will get. Let them drag their heels in the mud if they want to, but at least you're acknowledging that you can't afford to pay.


Can you not find a postal address for 24/7 moneybox? Perhaps send them a very basic income and expenditure sheet, and your repayment plan proposals in a letter asking them to freeze all interest and charges.

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Excellent news on the wages front, good result with TLS too


24/7 Moneybox not replying is not a problem, now you have worked out what you can pay them just send a couple of e-mails a week telling them what your repayment plan is, don't send the I&E, wait to see what their reply is





"Every day, and in every way, i'm getting better and better" - Chief Inspector Dreyfus

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Just two points and sorry for butting in when you are doing so well


I thought 247moneybox were actually active securities


second point is, IMHO your statement of affairs is far too intrusive and gives out far too much info. I did notice that you put 0 for water....is that in your rent?

I don't believe that you need to give so much detail and have found the following very good


http://mymoney.nedcab.org.uk/moneyadvice/quickfs.asp as it includes trigger figures that set alarm bells ringing. Now obviously i can not tell you to lie, but for example you TV package is quite high but does some of that pay for a landline, if so split the expenditure otherwise they may say ..cancel your sky. I don't feel they need to know you have a car or the value of it.


According to that you have about £50 per month left , well if you then offer say £50 to each they will assume you have lied on your form and try for more

Any opinion I give is from personal experience .

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they are "active securities" but the only place you tend to see that is when they put a default on your credit file :(


I emailed active securities, forwarded all my own correspondence...24/7 moneybox finally replied.... 2+2=4??


Anyway, their reply....

Hi ,




Thanks for your email. Please find attached an Income and Expenditure form. You may wish to complete and return this in order for us to better understand your financial situation.








In the interim, we have exercised forbearance by suspending collections activity on your account and have frozen fees and interest for the next 7 days – please do get back in contact within this time period to discuss your account or return a completed I & E form. If you have any further queries feel free to contact us on 0207 183 8078.



Go forth like I done with TLS? Or give I/E?

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I love the bit about they are exercising forbearance , lifted straight from the OFT guidelines. They probably don't even know what the word means :lol:


I am not quite sure what you are asking, is it do their I&E or send in the comprehensive S.O.A.


personally i would do a very simple I&E that is



Excess to repay debt=

creditor A value offer

Creditor B value offer



Don't name the creditors


I am always wary of I&Es in that many of us underestimate our real expenses . My Dad used to incllude a 10% contingency (or as he called it a "bugger it factor") in just about everything


Hope that helps

Any opinion I give is from personal experience .

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The other alternative would be to get a pre-paid credit card, some of them allow you to have your wages paid onto them, although there is usually a small monthly fee (around £5 I think)

247moneybox: £418.04

1monthloan: £260

WageDayAdvance: £462

MicroCredit: £156

Amigo: £427.44

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