Need help on how to tackle this problem

[BigSimon]

hi people.. im new here.. but i have regularly been around reading the info you spread and i am really pleased how a community can come together to help each other

 

i wanted to know how i should tackle a particular problem im faced with..

 

im helping my best friend who has landed his self in a right old mess..

 

he has a number of debts,,

2 with car finance companies who subsequently repossessed the cars..

a couple of loan debts which have accumulated over the year..

and a few credit card overdrafts..

 

what would be the best way to tackle and resolve his debts?

for example,

would i start by sending them all a letter asking to have the unfair charges removed

so i can have the true debt and then arrange for him to pay that?

 

thank u in advance

[dx100uk]

how much of the car finances had he paid?

 

as for the loans and CC's

 

check his cra file first

 

get the true picture

 

then p'haps look at SAR's to investigate PPI/charges.

 

dx

[BigSimon]

thank u for the response..

 

he hasnt paid anything or if he has its very little.. would it be best to send them all a sar to start with then take it from there?

[dx100uk]

certainly an SAR to each 'creditor' will in the long run be useful.

 

remember many creditors will be in a 'group'

so it maybe that say 'one' SAR to lloyds will tell you everything under the lloyds group of creditors have.

 

as for 'last payments'

 

when were they, there is a 6yrs limit for creditors to being able to 'enforce' they get their money.

 

cra file might be an idea!

 

noddle is free - see below.

 

dx