As an interim measure..

[vad921]

Hi all,

As an interim measure I'm contacting my creditors to try and arrange payment plans (for 6 months).I'm worried that what I can afford, they won't accept. I've already rang Lloyds TSB an offered £100 per month but they refused and insisted on £150. Actual payment should be £210.

My other creditors are Virgin card(MBNA) actual payment £140, Northern Rock Card (Coop Bank) £170 and my car loan with Santander which is £306.

I'm awaiting a call from Melanie's office before we make a decision re our future direction.

I've also put in a formal complaint to the Financial Ombudsman re the PPI on our First + loan so I have my fingers cross. If successful, the PPI itself would save me over £200 per month!

[markss]

Hi as far as i know most creditors will accept minimum of 1% or 50% of your contractual payments. however most should accept whatever you can afford. explain that you are going with a DMP / IVA but check with Melanie and team good luck

[Oliver]

If you are struggling to arrange an acceptable informal plan, the CCCS may be able to assist you in doing this or alternatively there are a number of companies who could manage this for you (although likely at a cost).

[vad921]

If you are struggling to arrange an acceptable informal plan, the CCCS may be able to assist you in doing this or alternatively there are a number of companies who could manage this for you (although likely at a cost).

Apologies for my ignorance but who are CCCS? I was also wondering whether I had any known 'problem' creditors.

[MelanieGiles]

CCCS stands for the Consumer Credit Counselling Service who are a charity funded by creditors themselves to provide support and assistance to insolvent customers.

[Reviva UK]

Hi Vad921

Noticed from a number of your questions that you are exploring whether to sell the house or not and whether to go into a DMP or not.

Really believe the best possible advice is to go through the whole situation with a professional - can see you have already started to deal with melanie which is great news.

They will be able to go over the colutions to debt ( DMP, IVA, BR ) and their implications for you and then be able to guide you to how to achieve the solution.

It is really difficult to recomend a solution via the forum becaus one is not in posession of all the facts re the debt and your family situation and ambitions etc.

Wish you every success with the conversation with melanie and when you have decided on a solution there are experts on the forum that can help with IVA, BR and DMP advice & services to support you.

Good luck