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**PlanB** · 27 March 2014, 20:50

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Hello Stressedout and

to AAD.

You are not a crazy head and you will get nothing but constructive help from this site. That much I promise

Originally posted by Stressedout View Post

Sorry if this post is crazy ...I accept responsibility but...i am angry because i keep giving everything to them it never makes a dent or improves things so i am arguing with myself - they can go whistle or doing the right thing ...this is the final ebb - i just can not afford to pay it ..

I work 60 hrs a week not work shy, always paid everything all my life ...but it can not continue - I now have a new basic bank account which my wages are paid into ...so for me it was a good start to be able to see what i have earned and i decide what account it goes to ...i am too afraid to set up dd on there and treat it like a proper account so paid all my other bills in person/ online today .

Opinions appreciated as i'm not sure what is for the best ...money is not worth losing your life over is it? i cant ever seem to get straight

I know things will get worse before they get better ...but somethings gotta give..

Thank you and sorry i am such a crazy head as i appreciate the above is ramblings...constructive advice appreciated.

**MrsD** · 27 March 2014, 21:08

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Originally posted by Stressedout View Post

Hi All,

I would be grateful for any advice on my situation please ...good or bad. Due to certain tragedy's in my life i find myself deeper and deeper in debt. Part of me wishes i have had a good time spending! at least it would have been worth it.

I have become so low my daily commute is life threatening and i am struggling to function but today ...I logged into my NW bank and the charges they have heaped on me month after month have just got too much ..in excess of overdraft and bounced DD fee's plus over draft interest. ..each month i have paid back what i can and LIVED ON NOTHING it is not even helping ..robbing peter to pay paul when paul is nastier is not a good idea ;-)

So far i have one missed payment on a loan NWest ( will be two tomorrow) , overdraft and fees with NWest, Barclaycard1 missed payment once and tomorrow will be number two .

For now I have payed up all essentials rent , CT , Phone, internet (Gas, Electric and now on PAYG )

Rent
CT
Phone/internet
Gas
Electric
Water
All up to date and that feels good

BUT I have a

Very account - balance £300 - Payment £22 a month - up to date
C1 - £200 - payment £6 a month - up to date
BC1- £1000 - payed up today so in the black / up to date now payments at £27 a month
BC2 5,550k - needs £370 to bring back to black
NWOD - 3,125 this month so £3k with charges - needs 175 to bring back in black
NWloan - 6k - needs £365 to bring back in black

I am about to hit my second missed payments in the next week or so on 4,and 6 ..I don't know what to do ? whether to go DMP , talk to my creditors - they do not have my address or phone number as i have moved twice in 2 years ( i live rented ) pay back a token payment to all four , not pay at all and just admit the inevitable or pay one lot say both natwest or both barclaycard as i couldn't see the point of paying both accounts if i am going to default on one as with the same creditor ??? Just my crazy thinking..

I cant afford to pay all... it is futile to even attempt to pay ... that's how i feel ...my living is cut to bare minimum as is and mum is ill she has to be my payment priority..and i'm sick of living like this because i try hard to pay back all i can and they just heap charges on i can't get straight ever ...i am sick of dragging around debt and it's making me so poorly i need solutions!

I know if i phone a debt line they will put me on some DMP - can't go BR as have mums savings in my name is only £4.5k but i need to keep this for her ( i hope that doesnt make me sound dodgy i am not ) don't qualify for a debt relief order as £16k of debt ? and not sure what options there are for me , DMP, DRO , IVA

I don't know what is best advice - default on all by going DMP and pay all back ? or just pay the ones i can afford and screw the rest? is there any point paying any...or am i right that two accounts with same creditor - one in default one not paying one not the other is pointless - i mean better to have just one hassling than 2 separate companies ... or should i keep up to date on as many as i can?

Sorry if this post is crazy ...I accept responsibility but...i am angry because i keep giving everything to them it never makes a dent or improves things so i am arguing with myself - they can go whistle or doing the right thing ...this is the final ebb - i just can not afford to pay it ..

I work 60 hrs a week not work shy, always paid everything all my life ...but it can not continue - I now have a new basic bank account which my wages are paid into ...so for me it was a good start to be able to see what i have earned and i decide what account it goes to ...i am too afraid to set up dd on there and treat it like a proper account so paid all my other bills in person/ online today .

Opinions appreciated as i'm not sure what is for the best ...money is not worth losing your life over is it? i cant ever seem to get straight

I know things will get worse before they get better ...but somethings gotta give..

Thank you and sorry i am such a crazy head as i appreciate the above is ramblings...constructive advice appreciated.

we've all been there

how old are the debts? have any been defaulted? have you missed payments?

and what do you want to do? is your credit record important to you?

**Stressedout** · 27 March 2014, 21:21

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

we've all been there - Thank you for replying

how old are the debts? have any been defaulted? No have you missed payments? Only missed payments on the loan and one barclaycard (took over from egg) so far and soon will be the 2nd time for both the loan and Barclaycard - not sure whether to throw good money after bad..

Natwest the overdraft is at least 15 yrs old - does not show on my credit files anywhere ???

and what do you want to do? Pay what i can maybe default the rest but scared of CCJ's but i'm not sure who to pay and who not to pay ? as 2 accounts with Bcard ( both CC'ds) and 2 with Natwest which are a Loan and Overdraft and was my main bank for 21 yrs. I have opened another account now ..

is your credit record important to you? Not since i tried to do the right thing so often and i feel like they escalate and cause even more hardship....

Sorry but that is how i feel

Very account - balance £300 - Payment £22 a month - up to date - was littlewoods 2002
C1 - £200 - payment £6 a month - up to date - 2009
BC1- £1000 - payed up today so in the black / up to date now payments at £27 a month - will find out maybe 6 or more years
BC2 5,550k - needs £370 to bring back to black - was egg - 2002
NWOD - 3,125 this month so £3k with charges - needs 175 to bring back in black old maybe 11 -15 years
NWloan - 6k - needs £365 to bring back in black - 2012

**PlanB** · 27 March 2014, 21:25

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Originally posted by Stressedout View Post

Not since i tried to do the right thing so often and i feel like they escalate and cause even more hardship....

Sorry but that is how i feel

Welcome to the club

**Stressedout** · 27 March 2014, 21:35

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Lovely welcome thank you very much plan B ...I need a plan B ...i am hoping to find it here ...

fingers, toes and eyes crossed too,

**Enforcer** · 27 March 2014, 21:50

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Been there, done that. Welcome to AAD. Start to relax, you will get all the advice you need on this site. Most of us have been in your situation, you are not alone.

**Stressedout** · 27 March 2014, 21:57

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Thank you so much Enforcer ...just need advice so i can make my final decision... it's been eating me alive ...and it's got to stop!

Your enemies will never share your compassion ...that is what i learned today!

**PlanB** · 27 March 2014, 22:17

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Originally posted by Stressedout View Post

just need advice so i can make my final decision... it's been eating me alive ...and it's got to stop!

Your enemies will never share your compassion ...that is what i learned today!

Of course your enemies won't ever share your compassion. DCAs are businesses not therapy providers. That's what we're here for

No point in staying awake at night worrying about debts. I used to do that until I found this site

.

**Stressedout** · 27 March 2014, 22:33

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

its just making that decision i think ...be able to decide what is for the best for me

i can pay most of them and default on two but i don't know if there is any point in trying to pay the others? I could do my own DMP then maybe i can pay each of them what i like... i think...? anyway i will await some advice - thank you I will try not to worry x

**Stressedout** · 27 March 2014, 23:29

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Originally posted by MrsD View Post

we've all been there

how old are the debts? have any been defaulted? have you missed payments?

and what do you want to do? is your credit record important to you?

I have checked

Very account - balance £300 - Payment £22 a month - up to date - was littlewoods 2002
C1 - £200 - payment £6 a month - up to date - 2009
BC1- £1000 - payed up today so in the black / up to date now payments at £27 a month - 2011
BC2 5,550k - needs £370 to bring back to black - was egg - 2002 - I upped this in 2012 over phone does this mean a new agreement in place?
NWOD - 3,125 this month so £3k with charges - needs 175 to bring back in black old maybe 11 -15 years - i reduced this over the phone in 2012 does this mean a new agreement in place here?
NWloan - 6k - needs £365 to bring back in black 2012

Maybe i should pay those with Valid CCA and the potential UE ones just leave? NWOD and BC2 They are both biggies!

Is there any point paying one barclaycard? as would they used the available credit made by my payments to clear to off set the debt on the other?? or am i crazy making

Same with Natwest Loan ? Should i pay this by Standing order from New bank account as i am leaving the OD and charges (!) with them?

Sorry for all the questions!

**cymruambyth** · 28 March 2014, 00:30

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Hi and welcome. You should read the section http://forums.all-about-debt.co.uk/f...bility-Diaries . This should give you some ideas on how to proceed. The important thing is that you now have an alternative bank account and are feeling strong enough to take control.
Many posters understand your fears and have been battling for many years. Ask any question even if it seems silly, most of us are experts on asking silly questions as it helps us to take control.
good luck.

PS don't speak to anyone on the phone, fail the security questions!

**Stressedout** · 28 March 2014, 02:18

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

I have not decided fully but i have an inkling to maybe pay four off as i can afford to but only if i default on the big 2 ..maybe pay some except the nw od and 1 bc that means 2 ccj's if enforceable 2 ..better than 6? .. look forward to april fools day in 2020 then and still better than a DMP.
Only 2 creditors debts to chase and be sold on ...more manageable than 6 ...would give me a life back again? i'm sick of being awake

**daisy** · 28 March 2014, 07:38

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Please don't lose sleep over this, easy to say I know, but they really won't starve without your money!
I have also been there and lost countless hours attempting to find a solution and being hard on myself for being in such a challenging position.
My biggest concern was being a homeowner and losing the family home should any of them decide to go for it, however, I took the gamble and went for UE, the letters seem overwhelming at first, but this forum explained each step of the way and now they are all sb'd.
The advice and support on this forum will help to guide you in whichever direction you feel is best for you :-)

**Undercover Elsa** · 28 March 2014, 07:53

Re: Feels like Charged with Debt and sentenced to Death by Banks

...did i do the crime?

Morning Stressedout, hope you managed to sleep better last night?

I was in exactly the same place as you are 5 years ago and I know what you're going through. Now you've confronted it and taken the plunge to come here for help, you're on the way to putting yourself back in control.
These bloodsuckers don't care about you or your problems. They just want your money. Each and every one of them thinks that THEIR debt is more important than anything else.
Time for them to wake up and smell the AAD coffee!

You are, believe it or not in a stronger position because
a) you've realised that a good credit record doesn't put food on your table and a bad one isn't the end of the world. That's removed one big stick they like to beat you with. And
b) you pay rent..hence you haven't got a house that they can threaten to put a Charge on or take away. Second big stick gone.

Time for you to take control and get organised..
The first thing you need to do so we can help you deal with each individual debt is set up an Unenforceability Diary, listing each debt as described HERE

As a general rule, I wouldn't faff about paying some and not others. If it was me I would stop paying ALL the non priority debts. Immediately and send a CCA Request to them all except the Overdraft. We'll deal with that separately...more about that later.
They're aim is to get these debts defaulted ASAP so that interest and charges stop, and the Statute Barred clock starts ticking. Then we check enforceability on each debt. Those that ARE, we can blag for a while then set up a repayment plan if necessary, without the interest dragging you down. Those that are unenforceable, the aim is to use this to make them leave you alone and sit tight till 6 years is up, when they become Statute Barred and drop off your credit file.

Sooo...your mission today, should you choose to accept it, is to get your diary up and running and we'll take a look and take from there

And now...breathe...and stop stressing!

Elsa xx

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