Hi all,
Been reading the forums trying to figure out my best options, so many articles to read!
I have been silly and got myself into debt
I started with a CapitalOne - Luma Credit Card (£500 Limit - 2013) a couple of years ago to start building my credit, all was going well, got the letter " You're doing well, we are pleased to say we will be increasing your credit limit to £750" I didnt think much of it as I was generally just using now and then and paying in full each month.
At the same time I also applied for an RBS Platinum card but was turned down. I then a week later got a letter to say my card is on its way with a £1200 limit. I was planning to get rid of the Luma because of the interest difference but didn't get around to it.
Work went a little quiet and I pretty much lived off of the CC's.
So I got a loan with my bank (Natwest) to pay them off and do some other stuff.
That loan was all cleared in full before the actual end date.
Then the same thing, I started living off of the cards again so they got to their limits fairly quickly with christmas and all that!
I also got a Very account for my partner to use and pay me when she got paid. She always paid! Sometimes the money didn't come off of the bill though and then I started to buy a few bits. "Buy now pay later" sounded good at the time for a new hoover and tv.
I then purchased some items from Premierman/Jacamo and they automatically gave me £300 credit, which I refused to use for a long time, but then it was just there one day Account now behind and at £592 with a lot being late fees and intersest- Limit was raised to £500 I think it was.
Then came my biggest mistake, getting a 118 Money Loan for £1000 in 2014 at some silly rate I cant remeber now. It was supposed to be a short-term thing & paid off within a couple of months!
Dispite all the debts, I was keeping up with all my payments most months paying double the minimum. Couple times was a week or 2 late but nothing too bad. I was very silly and I was pretty much living on the limit of my wages though.
Where it all started going wrong... I was having really bad problems at work with my "Supervisor" and "Manager" which was also her Husband.. I was on a 0 Hr contract so to cut a long story (and a very stressfull time) short.. they wasn't playing fair with my wages because of the problems we had.
Which obviously led to not being able to keep up with my payments, and then once I had missed a few I couldn't afford to catch up. I then spoke to my father who lent me the money to get back on track and then I missed some again with work and other problems cropping up.
So since then I haven't really made any payments due to not being able to afford to catch up, and also sort of got into the "If I ignore it, it will go away" frame of mind where I was so low in myself and everything else going on in my life.
I have now left the compay I worked for because the whole company is a joke to be honest and it feels so good not going there each day! But with that came even less money..
Its been a few months since leaving and I am now starting to feel a bit better myself and wanting to get myself back on track and sort my life out!
Litte break down:
Natwest Overdraft - £350
118 Money - £1000 Loan - Paid £675.55 - Current Balance £1239.09 - CCJ 09/07/2015
RBS Platinum Card - £1200 Limit - Current Balance £1534.65 - DEFAULTED
CapitalOne Luma - £750 Limit - Current Balance £893.62 - DEFAULTED
Very - £850 Limit - Current Balance £1027.18 - I beleive also DEFAULTED
Premier Man - Limit £5/600 - Current Balance £591.24 - Agreed to £30 P/M
Vodafone - £484 - Collection Agency - Fredrickson? - 27th Aug Deadline or they Terminate.
Money Way - Remaining Balance - £38 -Upto Date £12 P/M since started.
I checked my file with Noodle and I can only see one Default and all of them were apparently issued over a month ago. Not quite sure how that works.
Vodafone is due to some how my data going over by £130! Myself and most of my family have been with vodafone for a very long time. I never missed payments and never gone over my actual monthly plan of £45. So I was quite shocked to recieve a bill for £180+ I spoke with them on many occasions saying how can I have used this, all my bills before and after that have never gone over. I told them I cant afford to pay it. They said they cant help in anyway. I have now been restricted since May and only realised recently I am still being charged for each month even though I am restricted. So now at £484. And if not paid by 27th of Aug then they will be terminating my contract so I will be looking around £700 plus charges.
I havent used the cards or accounts for months, so all the over limit stuff is Interest pushing me over, then being charged for going over and then late payment fees..
I also know over the years I have paid ALOT of bank charges! Shall I look into claiming back?
I am trying to sell my car at the moment, but I dont know what my best option is with paying stuff once I do. I have seen people mentioning Full & Finals with Default Removal, or agreeing to payment plan and CCJ being canceled. CCA?
I was going to look at doing a DMP for the time being until finace situation changes. I am hoping to get my own company up and running soon and hopefully start building up some decent books and was hoping in a few years to look at buying a house, but this now looks like it wont happen?
Again, appoligies for the long story, I wanted to make sure I included as much as I can. Lol.
Thank you for reading,
Regards,
Mike.
