Debt consolidation

[billyrock]

I have outstanding debts of approx £18k with different companies including

 

 

a tesco personal loan,

mint credit card and

tesco credit card,

 

 

I initially set up a payment plan with each of the companies but

 

 

I am struggling to pay those amounts

 

 

although I have kept up the payments it leaves me with hardly any money after paying gas, elec, council tax etc on top of the payments,

 

 

can I consolidate or have some of the debts written off or set up new offers of payments, thanks

[dx100uk]

are these all still with the original creditors

and how old are they please

 

 

dx

[billyrock]

Some are with the original companies, some are up to 3 years old, I've just completed a form on national debt line and they advise I consider going bankrupt or offer a non or £1 month payment to each nn priority debt

[dx100uk]

complete list please

 

 

dx

[dx100uk]

are they all after april 2007?

 

 

dx

[billyrock]

All after 2007 yes

Mint cc

Tesco personal loan

Tesco cc

Gas

Elec

Water

[dx100uk]

pers I'd be dropping ALL the non priority debts

to

 

 

your gas/electric CTAX/REnt/Mortgage MUST come FIRST.

 

 

why not write to each non priority creditor:

 

 

TELL [dont ask] them they are only going to get £xxPCM for xx mts

as a goodwill gesture

and as a reciprocal GOGW they must freeze int & refrain from levying PENALTY charges.

if they wont

drop them to £1PCM for life.

.

as an example>

.

I am currently in financial difficulties and not able to meet my normal monthly repayments.

to show my goodwill, i am going to pay £5 for 6 mts.

 

i will update you in 6mts time or before, should my situation change.

.

could you please as a reciprocal goodwill guesture,

.

refrain from levying any penalty charges & freeze the interest on my account.?

.

Should you fail to assist me during a period of financial difficulty, contrary to all the guidelines and codes

issued by the relevent bodies and authorities that govern you and the way you conduct yourselves.

.

i shall have no alternative but to reduce my offer to £1PCM for the rest of the life of the account,

.

.

as your actions would do nothing to help me.

.

i thank you for your time.

..

.

dx

.

then pay by your internet banking site

.

and get reclaiming

.

TAKE CONTROL

.

or

if you have sent the above and they refuse

then write back........

.

.

i'm sorry, but you have failed to assist me during a period of financial difficulty, against all the guidelines and codes

issued by the relevent bodies and authorities that govern you and the way you conduct yourselves.

i repeat again, the contents of my letter dated dd/mm/yyyy, for want of clarification:

to show my goodwill, i am going to pay £XX for XX mts

could you please as a reciprocal goodwill guesture, refraining from levying any penalty charges & freeze the interest on my account.

i will update you in 6mts time or before, should my situation chance.

should you fail to help by refraining from levying unlawful PENALTY charges & freeze my interest,

i shall have no alternative but to reduce my offer to £1PCM for the rest of the life of the account,

as your actions are doing nothing to help me.

This is contrary to the rules you should operate under.

disgruntled account holder

dx

[oleg]

If unable to paY, situation unlikely to change and not a home owner, I would simply stop paying the non-priority debts. The lenders can do nothing except chase, eventually sell to a debt purchaser - who also can do nothing - and they won't make you bankrupt if you have no assets or surplus income. After six years you would no longer be liable to pay and you would emerge with a clean credit file.

 

Don't waste time writing sob stories or pleading for write-off. They couldn't care two hoots.

[billyrock]

Thank you dx for your help and oleg too