debt help scotland

[razorc]

Hi all

 

got myself in to debt with credit cards and 2 loans , and cant afford to cover the payments on them all , no arrears yet but think this month probs will be, and looking to do self debt payment plan,

 

do i have to wait till they default before i send letter pro rata payments or can i do that now , I just opened parachute account with co op

 

many thanks

[dx100uk]

do you think this will prevail for a good while?

 

if so why dont you try the breathing space scheme 1st?

 

/assets/static/govuk-opengraph-image-dade2dad5775023b0568381c4c074b86318194edb36d3d68df721eea7deeac4b.png

Debt Respite Scheme (Breathing Space) guidance for money advisers - GOV.UK

WWW.GOV.UK

 

 

but if you know its going to prevail, then, the best thing is to get defaulted ASAP IMHO.

the quicker you do that, the quicker they fall off.

 

glad you've read a good few threads ...well done!

 

dx

 

[razorc]

hello dx100uk , 

 

thanks for quick replay and yes been reading and reading posts  , still have few questions if you could help as I  defo want to go down the self help debt payment  route and send pro rata paypent letters , am in scotland also if that matters?

 

so just wait till they send me default letters then shall I send pro rata payment letters and do i need to sent a budget and expen to them?

 

many thanks for your time

 

All the debt is with OC , just dont know if i wait for default letter from them all , then send them pro rata letters and what amount do you recommend £10 ok 

 

i have cancelled all the dd to them

 

aahhh found your post about it remember seeing it but couldnt find it there 

as this DN gets issued on each account, then you look toward entering them into your pro rata agreement. (letters are in the debt collection section of our library)

 

 

Edited February 14, 2023 by razorc

[razorc]

Afternoon

 

got my parachute account opened (co-op) , just a question 

 

just get my wages paid in here and dont setup any DD's

 

do i just use my other account for dd's

 

many thanks

[dx100uk]

correct..debt wise

just transfer over what you need too and only pay the dd's you are legally obliged too.

pers i see no problem is having dd's to sat ctax/mortgage/rent/utils on your parachute account though.

 

ideally do what i do.

i do not use dd's at ALL

on the co-op account you can select/enter people to do BACS transfers, then you control things totally, just dont forget each month..

[razorc]

thank you for info and assistant , great help.

 

also when i am doing the pro rata , once the defaults appear , when doing I&E do you have to include partners income or just mine

 

 

Edited February 16, 2023 by razorc

[dx100uk]

you can include your partners income but it cant be taken into account  for debt solely yours

 

dx

 

[razorc]

cheers dx100uk for you time , 

[razorc]

Afternoon , 

 

do I have to send bank statements when doing self debt payment plan to the creditors

 

thanks

[dx100uk]

god NO!

none of their business

 

see the Pro rata letters in the debt collection section of our library.

 

dx

 

[razorc]

cheers dx100uk

Edited March 16, 2023 by dx100uk
unnecessary previous post quote removed JUST TYPE!!

[razorc]

Afternoon all , 

 

so starting sending pro rata letters off the other day , the ones that have sent me default letters, still have to send other 2 for loans but not had default letters from either , can I just send them pro rata letters now or better waiting for the default letters 

 

JN Bank (loan) have just sent a few letters with you have missed this months payment please pay now

Creation Loans - also the same  

 

no default letters from them yet

 

many thanks 

[dx100uk]

i pers wouldn't be offering payment until you know the debt has been defaulted.

 

dx

[razorc]

Will hold fire then , till then , just wanted make sure doing it correctly

 

thanks for quick replay

 

could i upload barclaycard letter dx100uk , to check its a default letter if that be ok with you 

 

thanks

Edited March 23, 2023 by razorc

[dx100uk]

ofcourse 

read upload pdf only please

 

[razorc]

hopefully done it right 

barclaycard defaultletter.pdf

[dx100uk]

thats not a default notice

 

it say what it is 

a default notice must be in a set format.

 

use our search default notice,

 

dx

 

[razorc]

ahh no problem , will have a search on it , thank you

 

sorry for being stupid been searching but getting no where finding it , 

 

so i have letter also from virgin just arrived has on that - Notice of Default Sums is that same as default notice , really sorry if stupid here 

 

 

 

[dx100uk]

notice of defaults sums is not a default notice 

 

use our enhanced google searchbox

default notice pdf

 

[razorc]

Think I need to slow down , god i sent barclaycard the pro rata , yesterday , hopfully wrong po box i sent it too , have i messed it up 

 

will have a search on that now

 

defo know now what a default letter is  , righty i shall await them coming , was hunting on the search bar and getting know were quick  , didnt even see the enhanced google search bar

 

[razorc]

Afternoon 

 

just received letter from tesco credit card accepting offer of pro rata payment , letter says for 6 months then will be in touch to review , i have received a letter of default if anybody help if this is defo letter of default they have also sent this time

 

i have attached letter , 

 

many thanks for your time all

tesco default notice 14April-CAG.pdf

[AndyOrch]

That's a Default Notice

[razorc]

Thanks andyorch , for checking that , 1 down , awaiting the rest

[dx100uk]

Well done settling down nicely

 

Dx

[razorc]

afternoon ,

hoping someone can kindly help ,

sent creditors the prorata letter with the budget spreadsheet on the forum , and JN bank have come back to me saying i havent done the pro rata correctly , 

 

they have said - 

thank you for your response.

We note that the payments are still not pro-rata;

A pro-rata payment would mean that your disposable income is spread fairly over creditors, not equally. For example, a balance of £600 would receive a lower payment than a balance of £6,000. By spreading the disposable income across creditors this way it ensures that there is no preferential payments and you can clear the debts off at the same pace.

 

 

i have 9 creditors

- and what i had left each month divided that by 9 so each get the same amount , is that wrong? as it doesnt work that out on the spreadsheet

 

many thanks