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Dealing with Debt / Letter Solicitor about ground rent debt
« Last post by sunforever on Aug 18, 2019, 04:13:42 PM »

I have missed a payment for my ground rent and maintenance fees. I own the actual flat. The debt is about two months old, and now I have a letter from their Solicitor stating if not paid in full in 7 days it will go to court. Plus they will add further charges.

The amount at the moment is about £800. I have emailed the Solicitor, and asked will it be okay to pay £200 on the 5th September, and the remaining balance two weeks later. I work full time. I sent the email last night so still awaiting to hear from them. What will happen now if they say no, and it goes to court but by then I have the money to pay it. What would the court fees be?

I also have other debts that are set up and being dealt with but with me owning my property I cannot go bankrupt. The debts are about twenty thousand.

Thank You

Is there any eligibility criteria & limitations for debt amount to apply for debt management plan?[/font][/size]
Dealing with Debt / Joint IVA
« Last post by Moses007 on Aug 16, 2019, 11:48:48 AM »

I have just settled an Iva one of the debts was Halifax overdraft, this was a joint account with my husband who was not in the Iva
He has been paying Moorcroft £20 per month we are both being asked to pay the same overall balance
Now that I have settled the Iva surely the debt should be now be finished, if both of us are paying they would get approx double the original debt
Any advice appreciated
by considering a good credit score to be anywhere between 881 and 960, with fair or average between 721 and 880. Try to get the details of your re-payed amount & close your debts smoothly. All the best.
Bankruptcy / Re: Will you definitely lose your home if you declare bankruptcy?
« Last post by Moses007 on Aug 09, 2019, 11:04:01 AM »
Even if you won't lose your home as a part of Bankruptcy, your home may be at risk if you're behind on your mortgage payments. If you go bankrupt, you may end up losing your home.
Dealing with Debt / Does an IVA stop bailiffs?
« Last post by Moses007 on Aug 06, 2019, 12:57:52 PM »
Heard that IVA is a legal agreement, can we waive off different kinds of debts in a safe and private way, and handle our finances thereon in a much better way.[/font][/size]How an IVA can help us to stop bailiffs?
Bankruptcy / Re: PPI Refund
« Last post by HeadCandy on Aug 01, 2019, 06:54:02 PM »

Hello All

Please help. Having gone quiet The Claims Guys have written to me and said that they need to see the letter from Nationwide where they have stated that they gave the PPI money to the Insolvency Service. If I don't do this they are going to charge me for the work undertaken.

Please - any suggestions?

Thank you
Bankruptcy / My partner has savings
« Last post by Ratty on Jul 13, 2019, 12:44:35 PM »
I went bankrupt earlier this year.

I have recently submitted the financial questionnaires to the Insolvency Service.  My partner worked for my business so has lost her income although does not have any personal debts save the mortgage.

I have another job but at a far lower salary and at present there is a significant gap between household income and expenditure which the IS has queried.  My partner got bits and pieces of money over the last few months from different sources including some redundancy but not a regular wage.

She owns the house which is fine.  She also has a small amount of savings and has been dipping into this to make ends meet and it has gone down a lot quite quickly.

My question is that when working out whether to impose an income payment agreement if the IS will take into account her savings when calculating her share of the household income or whether they literally just look at income coming into the household; i.e. wages?

Thanks in advance for any tips
Dealing with Debt / -900 in overdraft
« Last post by lg2701 on Jul 01, 2019, 09:56:32 PM »
I am currently -900 in my overdraft. Up until in started my new job I was never in my overdraft, and if I was it wasn't a large amount so could pay I off with relative ease. When I started my new job, my payday was different. Because of this my outgoings were set up differently and to come out on the 15-18th of each month, as I got paid on the 15th of each month, now I get paid at the end of each month. Because of this my outgoings went out before I was paid, putting me about -600 in my overdraft. I've never been able to recover and have gone into it a further £300 with other unexpected expenses. I'm now -900 and I have about £400 saved in my ISA but that's for my holiday in august which I'm looking to take about 800-900 pounds of spending money, which is going to put me into my overdraft further. I don't really want to call it off as I have already spent £400 on the flights and accommodation. I just feel trapped now and don't know how to pay off £900 with all my outgoings added on top as well. I earn about 1,300 a month and I'm hoping for a pay rise soon, but I just cant seem to save money and I'm constantly going over my overdraft limit and my ISA money is dwindling fast (it 600 2 weeks ago). What is the best course of action to resolve this? A few months of extremely tight budget? A second job at night? I was considering doing food delivery at night as well as my trainee electrician job during the day.

I just want to not constantly worry about my spending, every penny I spent causes me to overthink and worry. It really getting me down. Any help would be appreciated!
Dealing with Debt / Lying on application.
« Last post by Debtmonkey15 on Jun 17, 2019, 11:41:01 PM »

I know this is really bad. I’ve had myself in really bad debt problems which I have gotten out of.

Since then I cannot even get £50 credit or a current account.

I recently set up a bank account with a bank and lied as I’ve just moved house. I said I’ve lived there for the past 5 years. They’ve accepted it and given me a £500 over draft. As long as I pay this back (lesson learnt) will I be okay?

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