Comments on: let my payments fall

By: Matt R

Matt R — Wed, 23 Apr 2008 08:06:36 +0000

I have suffered in a similar way. My research and experience took me to three places.

The Debt Advice Trust -
The CCCS -

And after finding out that an IVA (Individual Voluntary Arrangement) was the best option for me – Debt Free Direct

All were good and did not judge me, which as I had been pretending to be an Ostrich was what I needed. It would have been easy for them to call me a few four letter words.

By: pollywallydoodle

pollywallydoodle — Mon, 21 Apr 2008 04:17:49 +0000

Hi there you need to sort your finances out and be committed to doing it.
Look at all your options , consider iva , bankrupcy ? You will start to get problems with the creditors if you dont so seek help from an insolvency practioner and get advice or from the cccs. Consumer credit couselling service. Or speak to the company dealing with the dmp and see what they think best.

Hope this helps.

By: homemanager22

homemanager22 — Sat, 19 Apr 2008 08:01:48 +0000

i think to need to contct all the differnt groups that you owe money to and agree on how much you can pay them each month. this should work fine. aslong as they are getting some money and you are keeping them informed all should be well.

By: micky b

micky b — Fri, 18 Apr 2008 03:33:12 +0000

Hi.
This site may help you get another plan :

By: Ralfcoder

Ralfcoder — Tue, 15 Apr 2008 16:51:50 +0000

Did you set this plan up yourself with the creditors, or did you go to a debt counselor? I’d go to the counselor if you had one, and explain what happened, and ask if another plan can be set up. If you did it yourself, write your creditors and explain the situation, and ask to set up another plan.

Then stick to the plan as much as you possibly can. If you have to get a 2nd job, do that. Give up smoking and drinking and parties with friends and trips to the casino and lottery tickets. If you have a cell phone, disconnect the wall phone if possible.

And if something else comes up that you can’t avoid, contact the creditors or debt counselor AHEAD OF TIME, IN WRITING, and let them know beforehand what’s happening. Creditors really, truly, want to work with you on this. It’s cheaper for them to waive a payment now and then, rather than to turn a loan over to a collections agency, or repossess a car or a home. But they can’t work with you if they don’t know about the situation. So YOU have to take the first step.