DEBT with no assets

[ktan49]

Good Afternoon

 

I've had a very sketchy past involving a lot of borrowing and struggling to repay,

was also suffering from depression at the time but have since overcome all of that

and now the debt is catching up on me and I am starting to panic!

 

I am currently unemployed as my recent employer has decided to sell his business!

 

There are approx 7 - 8 debtors chasing me for debts between £170 - £950.

One of those being at about £2500 (118118 money) that one is currently marked on my credit file as CCJ.

 

I have had a visit from Fidelite Debt Collections so far, as well as various letters from other companies.

 

I am currently living with my partner who lives with her parent.

I have no assets apart from a finance car (which she is making payments for me at the moment due to me being laid off!)

 

Bottom line is, what is the worst case scenario that can happen?

I am living in someone else's house, nothing is mine apart from car.

. so what will happen?

 

 

As soon as I am back in employment I will start contacting them to start paying it off, but at the moment I am stuck.

 

 

Thanks for help

Karl

[citizenB]

They can continue to send threatening letters

They can issue a default notice - sell the debt(s) to a DCA - they can issue a claim against you.

 

If these are all Consumer Credit debts then there is no need to worry about someone turning up on your (or your partners) doorstep and taking any possessions away.

 

This would not happen unless and until a Claim had been issued against you, the company had been awarded Judgment and you had then refused to make payment.

 

Have you considered a Debt Relief Order if you have no assets and your total debts are under £20,000 then this might be the way in which to get these people off your back for good.

 

Have a word with National Debtline via the link I have placed below.

 

https://www.nationaldebtline.org/EW/factsheets/Pages/debtrelieforders/droadvice.aspx

 

Ah I see that you have a CCJ already ? Did you defend the claim ? Are you making payments toward this ?

 

Perhaps before doing anything else, you could provide more history on the debts you have and the current status of each.

[fkofilee]

Hi Ktan...

 

Can you list all your debts and the amounts outstanding?

[ktan49]

 

[ktan49]

The provident one is being paid off weekly.

 

Indigo Michael LTD is SafetyNetCredit

[fkofilee]

Madison CF 118 Money...

 

Okay sooooo, Those Lowell Accounts... what are they?

[ktan49]

118 118 Money

 

Madison CF 118 Money...

 

Okay sooooo, Those Lowell Accounts... what are they?

 

I believe the Lowell accounts are O2.

[citizenB]

Which one is being marked as a CCJ ?

[ktan49]

Which one is being marked as a CCJ ?

 

118118 money_ I explained my situation in the court letter I returned and have since heard nothing back regarding the CCJ

[Andyorch]

118118 money_ I explained my situation in the court letter I returned and have since heard nothing back regarding the CCJ

 

So its a court claim...not a CCJ yet ?

 

Its just that you stated earlier " One of those being at about £2500 (118118 money) that one is currently marked on my credit file as CCJ. "

 

If its on your credit file it is a CCJ.

 

Andy

[ktan49]

Hi all

 

Long story short, had serious cash issues in the past which has now caught up on me, I have burried my head in the sand for far too long and it's stressing me out too much.

 

I want to go with a Debt Relief Order, but I have a few questions

 

As there is quite a lot of creditors, I don't know all the names etc, once I start the process for the DRO, is there anyway they can find out how much I owe and who to? Total debt is about £11,000. with 3 current CCJ's against me.

 

I know how bad this sounds but I was diagnosed with depression last year and was struggling to cope, but I am doing alot better now. I have checked my credit file and most of them just mention the debt company rather than where the debt originated.

 

I am currently unemployed, with very few assets.

 

Time to pull my finger out and get this sorted once and for all !

 

Thank you all very much in advance, it's much appreciated.

 

Regards

Karl

[dx100uk]

List them please

[ktan49]

Indigo Michael LTD - £330 - Default.

 

Instant Cash Loans T/A Payday UK - £164 Late payment.

 

Provident £493 - Late payment

 

Active Securities LTD £995 - Default

 

Ferratum UK £184 - Late Payment.

 

Myjar £656 - Late payment

 

Madison Cf UK LTD £2,525 - Default

 

Creditstar £156 - Late payment

 

Lowell £844 - Default

 

Lowell £765 - Default

 

Lowell £104 - Default

 

Lowell £784 - Default

 

Lowell £959 - Default

 

Ee Limited £826 - Default

 

Ee Limited £288 - Default

 

At the end of each I have listed it's status according to my credit file, either default or late payment. Although I have not made payment for a long time!

 

Also says there are 3 CCJ's against me,

1 of them is for the Madison Cf UK LTD £2,525.

Madison cf is 118 money

 

Not too sure what the other 2 are.

 

I know this looks really bad but like I said I was a in a bad place at the time and want to get this sorted. Never want to borrow ever again!

[dx100uk]

lots of these appears to be PDL's

it might pay you to go start a new thread on these in the PDL forum.

 

 

lets deal with the ones that are NOT PDL's here.

 

 

what are the LOWELL defaults?

 

 

are they all credit card/loan related

 

 

as for the CCJ's

 

 

if you pop up on www.trustonline.org.uk

and search the address where they were registered against

it should giove you the info about them.

but if you already know the CCJ numbers

then phone northants bulk court

and ask for a copy of each CCJ.

if no-one is chasing them let them run

same with the other debts

 

 

don't kick any pramwheels

[fkofilee]

Let me know when you have done a thread and I'll step in

[dx100uk]

yes, thinking irresponsible lending here Ktan

could wipe out lots of the PDL debts

FKO will explain more when you start the thread

[ktan49]

Thank you for your replies,

3 of the Lowell are mobile phone contracts.

One is £103, mail order?

whatever that is. a

nd one is vanquis bank

 

I will start a thread in the PDL shortly.

[dx100uk]

so not all mobiles then

 

 

on the debts that are NOT mobile phones or bank account

 

 

send whomever owns the debt a CCA request

[ignore the PDLS ]

[dx100uk]

mail order is a catalogue debt so CCA too

[fkofilee]

Do any of the mobile phone debts previously belong to O2 or Tesco?

[ktan49]

Do any of the mobile phone debts previously belong to O2 or Tesco?

 

I think 1 or 2 was with O2.

[fkofilee]

Okay when were they taken out

[ktan49]

Okay when were they taken out

 

 

I couldn't give exact dates but id say late 2013 / early 2014.

 

EDIT* Also don't know if it makes any difference but I moved house earlier this year. All the debt / ccj is associated with my old address. I haven't informed any of the debt agencies of this and I don't plan to.

[dx100uk]

CCJ's are against a person not an address

Prob why you got then in the first place!!

 

If you move you must inform your creditors