Huge Debt Problem

[albertz]

When I first started my DMP my advisor basically created my I&E . He used limits that he knew the creditors would find acceptable. The trick is to find out what they are and include them all at the top end. You need to remember to include money for everything , haircuts , emergency, clothes , everything. It is very easy to forget . If you google NEDCAB (North East Derbyshire CAB) I think their tool gives you "guidance" figures of what is acceptable or at least will tell you if it would be a bit much.

 

As my credit file s shot anyway I then check the enforceability of each debt , basically anything prior to Apr 2007 needs to be exact and many are not

 

thank you ,i will check that out.

[albertz]

Phoned halifax today and

 

 

the girl on the phone gave me the numer of their money management team,

said that they are the only ones that could reduce my interest rate,

maybe even to zero if i gave them a statement of affairs,

 

 

she said this would show on my credit file as a reduced payment plan.

 

 

at the moment iam only just covering the interest at £230 a month ,

that would help me greatly as that is the only debt i have that doesn't come down.

 

 

i guess iam asking has anyone ever dealt with these guys before and is it worth my while...

 

 

.. another thing she told me was that i have had that account since 2004,

 

 

i have seen people mention about the age of debts on here but don`t know the relevance.....

[albertz]

with the amount of unsecured debts, if always at or near your limits

your credit file is going to prevent any further borrowing anyway

 

Never think about swapping unsecured for secured debt

 

best imo to draw a line under the unsecured debt,

send cca requests to all creditors

 

and setup and negotiate your own vastly reduced repayment plan

 

Always keep your mortgage and priority debts (utilities council tax etc )up to date

 

 

 

going to sound really stupid here but what is a CCA request,is that if its a really old debt?

[dx100uk]

click your own link...

 

 

everyone demanding money from you MUST hold the signed agreement

 

 

[bar bank accounts or mobiles]

 

 

dx

[albertz]

click your own link...

 

 

everyone demanding money from you MUST hold the signed agreement

 

 

[bar bank accounts or mobiles]

 

 

dx

 

 

lol,where did that link come from.......

 

iam still trying to get my head around it though i send them a the written template asking who owns the debt and the reply but i still have the debt ,right.

[dx100uk]

as post 54

 

 

get and check the returned CCA requests FIRST

[SabreSheep]

AND COMMUNICATE VIA LETTER ONLY

 

Anything said over the phone is unreliable and cannot be backed up. If any of them phone you tell them to communicate vial letter only AND HANG UP

[albertz]

thanks dx100uk will do....... what if they don`t have it though what happens then?

[theoldrouge]

read here albertz

 

http://fshandbook.info/FS/html/FCA/CONC/13/1

[dx100uk]

bottom line is no enforceable CCA they can bugger off...................

 

 

dx

[molly316]

Hi I have just read your thread and didn't want to read and run, I hope you dont mind me replying

 

Certain key words produce links to useful information, as you can see in this post, its picked up county court and interest

 

you can also look at other peoples threads with titles similar to yours to see how others have managed and you can understand the terms by clicking through the links on their threads?

 

I have just recently defended a debt claim all the way to County Court - often scared, very often feeling out of my depth but I couldn't have done it without the advice and support from this site. Im not an expert - there are many here that can offer advice - but just wanted to say from a personal view, try not to worry about your credit file too much, I found its unlikely to get significantly better if you keep beggaring yourself to pay the minimum interest and eventually things drop off your credit files anyway, Its a bit like ripping off a plaster, it hurts a bit more but gets better faster.

 

There are some great fountains of knowledge on here - if you don't understand anything and can't find the answer by searching -... ask!

Edited November 26, 2014 by molly316
show which words are linked

[dx100uk]

great post molly that's what we like to see

 

 

dx

[albertz]

Hi I have just read your thread and didn't want to read and run, I hope you dont mind me replying

 

Certain key words produce links to useful information, as you can see in this post, its picked up county court and interest

 

you can also look at other peoples threads with titles similar to yours to see how others have managed and you can understand the terms by clicking through the links on their threads?

 

I have just recently defended a debt claim all the way to County Court - often scared, very often feeling out of my depth but I couldn't have done it without the advice and support from this site. Im not an expert - there are many here that can offer advice - but just wanted to say from a personal view, try not to worry about your credit file too much, I found its unlikely to get significantly better if you keep beggaring yourself to pay the minimum interest and eventually things drop off your credit files anyway, Its a bit like ripping off a plaster, it hurts a bit more but gets better faster.

 

There are some great fountains of knowledge on here - if you don't understand anything and can't find the answer by searching -... ask!

 

 

hi molly316 thanks for taking the time to read the thread..

 

 

.. iam just starting to get the hang of the site now"with the links and stuff".

 

 

i know i sound totally daft with some of my replies but really all this stuff is completely new to me,but iam getting there.....slowly lol.

 

 

the only reason i go on about my credit file so much is because of my need for a car for my son

,that is all i worry about in all this.

 

 

when his disability claim runs out when he is sixteen i know they will try and take his car off him once again

as they try and do every three years and leave him virtually housebound.

 

 

i really with all my heart don`t want that to happen.

 

i have got my card through the post dx from the co op for my basic account

 

 

just waiting on the pin and then see the debt advisor at citizens advice on the first of december.

 

 

so fingers crossed.

[dx100uk]

I'd be sceptical on CAB advise sometimes

 

 

what is this about the car?

 

 

are you saying they try and say he's not entitled to say mobility stuff?

dx

[albertz]

I'd be sceptical on CAB advise sometimes

 

 

what is this about the car?

 

 

are you saying they try and say he's not entitled to say mobility stuff?

dx

 

 

 

yes every three years,

even the hospital he attends say they are sick in the head as they know all his background.

...this all goes to a tribunal every three years and after a home visit by a doctor

,is promptly reawarded by a panel of three which always includes another doctor who see,s his medical file.

 

they are ruthless and care about no one man,woman and yes even children,love to know how they sleep at night..

 

 

..anyways enough of my ramblings about the dwp,wrong forum ,lol.

 

just spotted the bit about cab advice dx....

 

 

. iam already weary of this as the girl their just told me to stop paying everyone right away

and offer them all a £1,

which i haven`t done until i see the advisor,

 

 

got me worried now mate.

 

 

she did`nt even know who i owed or much at that point?

[dx100uk]

are you getting you income moved to the co-op ?

 

 

dx

[albertz]

that is what the CA advised dx ,was waiting until i see the adviser on the 1st before doing so..... really don`t know what to do mate.

[dx100uk]

take control

 

 

stop letting the banks and others make your financial decisions!

 

 

if you cant conformably meet you PRIORITY debts

 

 

ie those that

keep a roof over your families head

feed their bellies

keep you out of prison

 

 

then every bugger else goes down to

and move money out of accounts

whereby a bank has free reign to take what they like!!

[theoldrouge]

albertz follow dxs advice

 

cca the unseured credit cards and loans

 

, drop the unsecured debts to £5 pm if needs be

 

you wont need to worry about credit for purchasing a car for your sons needs

 

if you have to in 3 years time

[albertz]

albertz follow dxs advice

 

cca the unseured credit cards and loans

 

, drop the unsecured debts to £5 pm if needs be

 

you wont need to worry about credit for purchasing a car for your sons needs

 

if you have to in 3 years time

 

will do..

 

 

.. i am in scotland so it looks like i will be going on a DAS as the CA are advising,

 

 

all at christmas as well.

 

Just need to contact my employer and ask them to tranfer my wages into the coop account from next pay,

 

 

should be fun with

 

me having a one account and a grand into my overdraft.

[theoldrouge]

dont worry, yes it will be strange at first

 

but you will soon start to notice the rewards

[albertz]

dont worry, yes it will be strange at first

 

but you will soon start to notice the rewards

 

thanks

[fletch70]

bottom line is no enforceable CCA they can bugger off...................

 

 

dx

 

Please remember that the above comment ONLY applies to pre April 2007 CCA regulated debts i.e a regulated credit agreement that was started before April 2007

[albertz]

Please remember that the above comment ONLY applies to pre April 2007 CCA regulated debts i.e a regulated credit agreement that was started before April 2007

 

 

i think some of them go back to 2003-2004 but the balances have changed will that matter?

[dx100uk]

no

don't get confused

we've already travelled these date questions

 

 

dx