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Please help,

 

First time I received my salary and my outgoings monthly payments are bigger than amount received.

 

I have unsecured loans and pay day loans and this Month I won’t be able to pay 3 of them,

I read all the 10 steps but I am still panicking,

 

I have more payments than my salary and I need at least 3 Month to back to "normal" when my paY day loans will be paid in full but this Month and next one I have to stop some payments.

 

Please help and let me know how to go the creditors

and what I can ask TO HELP ME,

WHAT should I tell them?

Can I ask to freeze 2 Month instalments or just offer pay a little?

 

 

 

Many thanks

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Go set up a parachute account with the COOP / Another bank outside of where you are at the moment. Get your money paid in there.

Then we can help :)

 

Then take a look at our guide to PDL Reclaims etc

You could find it helpful

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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I have another Bank account from I don’t have any of my standing orders or direct debits and my salary again are coming to my Business account so are ok. I want pay all of them but I need a break a few Months to pay others first so I don’t know what can I ask them. I am not sure even what to offer

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Well the most certain thing you need to do is secure your salary first off so get it moved :)

Then we can take it step by step :)

 

So list all of the loans and amounts as well as companies - We can help.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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I won’t be able to pay this Month:

486.00 – Santander – unsecured loan 10.10.2017

 

286.00 satsuma – I paid only yesterday £30.00 rest its outstanding until Month end

 

264.00 – ratesetter - unsecured loan 20.10.2017

 

Plus weekly 115.00 (about) to iwoca

 

 

REST OF MY MONTHLY payments are gone but if I won’t pay the mentioned I have to pay next Month twice but I won’t be able.

 

I am stuck and I don’t have idea what to do next

 

Should I pay these ones first next month and do not pay others which i paid recently and do this for another 3 - 4 months until all my pay day loans gone???

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There a letter in the debt collection section of our library use that

I offer £xx for xx MTS please freeze int/ charges

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Many thanks but attaching spreadsheet with all debts they can always say why we have to do this, go to the others and ask for holidays. I will try anyway

 

Will this affect my credit reports?

 

Can I send them by emails or post only?

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get it into your head you are telling them what they will receive .

you need to do a I & E and see how much you have left over after your priority bills (Rent , council tax etc )

 

then work out a pro rata amount for each of your creditors and say this is what you are getting . its not too hard

 

meanwhile get them to freeze all interest and charges .

the national debt helpline has a very good I & E sheet you can fill in you get two one a detailed one for yourself and another that you send to your creditors .

 

You need to get out of this vicious cycle you are in and this way you will . also get everything in writing don't answer anything on the phone etc then you have a trail of whats been agreed .

 

One last thing the bank account you say that does not have any DD or SO going out of it is associated with any off your creditors because if it is they are within their right to offset .

 

your credit file is already affected by having payday loans

, I found how I did it was get a fresh bank account with a different bank and ran that perfectly so that when I needed a loan or something a few years later they would look at my account t handling and to a lesser extent my credit file.

 

A default would be registered for 6 yrs but the further away from the date the less impact it has.

 

Also take a letter into your brach saying you revoke the CPA for the payday loan

. Also send a email to satsuma loans as well stating the same .

only after you have sorted your fresh account .

 

Also cancel your direct debits you have for the Santander loan so they cannot take the money and get letter writing I found I got replies within a week or so.

 

It takes time but there is light at the end of the tunnel

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Many thanks but attaching spreadsheet with all debts they can always say why we have to do this, go to the others and ask for holidays. I will try anyway

 

Will this affect my credit reports?

 

Yes but can you see any alternative ?

 

Andy

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

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I DID SPREADSHEET and I AM finished. I don’t know where to start, it’s too much, I took so many loans because was easy and most of them for gambling and now I don’t know even how to explain it to creditors that I am having problems to pay my Monthly instalments.

 

Can someone look at my spreadsheet and help me to who I should go – I don’t want have defaults on all accounts, please help

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I have a better idea... Now that we know there is some gambling involved - Attach the spreadsheet as a PDF (Excel has a Save As Function)

Upload it and then have a look at this beauty here...

 

http://www.consumeractiongroup.co.uk/forum/attachment.php?attachmentid=68285

 

It wont solves all your issues, but will do a fantastic job of helping you get back in control. Your CRA will be affected and there is another fantastic guide coming soon to support this one about CRAs.

Use this to get yourself into a manageable situation.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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You can - hit go advanced then..manage attachment s

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I will read the pdl claim tomorrow but looking just quickly I noticed that I have to tell my creditors that I had problems with gambling - How can I approve this and will they ask me to do this?

 

I am really sorry for my English but it’s not my native Language, I have two nationalities.

 

Other thing is – taking any loan Gamblers usually are lying when future creditor asking for the purpose.

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what I need, I need a few Month "break " from a few lenders to pay the pay day loans and from Feb 2018 I should be ok - or maybe I am wrong

 

Unfortunately it does not work that way...you either maintain payments in full or you default...you either draw a line under this now and suffer the consequences or keep borrowing and stay on the money merry go round.

 

I think your figures reflect which option above.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your Topic please PM me a link to your thread

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See post#6 and #8 its already been explained.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your Topic please PM me a link to your thread

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I am really sorry but IF I AM following everything correctly

I have to cancel few DD and CPA, let’s say SANTANDER, ratesetter, safetynet, satsuma and maybe two more,

 

send them letters that I am not able to pay THEM now and ask to freeze interest, pay the others as before and let’s say from Feb 18 continue paying the outstanding ones.

The question is – will they wait?

 

What happens if bailiffs start knocking to my doors.

How many Months I can do not pay and be in arrears ?

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In the short of it - Bailiffs is a long process...

- Creditor has to default you after 3 - 6 months of arrears - Then it gets sold to a DCA - They probably wont take court action unless they are stupid enough to do so.

you have to lose the Court case and get a CCJ - then it has to be escalated to enforcement - then it gets allocated to a Bailiffs. - This can take YEARS!!

 

Just to add - We can help see them off if it ever go to court. Then if you do a PDL reclaim and explain the issues well you could potentially see some balances written off

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

**Fko-Filee**

Receptaculum Ignis

 

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I want to pay all without so many problems,

I need just more time so I will stop a few how I said before and offer to pay something on the middle (some small amounts) and after paying in full first half I will continue

– if they allow me to pay the rest, credit as you said

– its already affected, and it’s very poor anyway.

 

I have to do everything to not have any CCJ because this can affect my husband’s credit as well so let’s see BUT still I don’t know if should I be honest with them and tell true about gambling problem

 

I think my way won’t affect my future and credit that much as going for the PDL reclaim.

Am I wright?

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