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I suppose my financial problems started around 11 years ago when I was made redundant from a steady job with a decent level of income. From that date it was always a bit of a struggle. Although I set up my own business, income was always sporadic. Previously to being made redundant, I had built up a good line of credit, by way of credit cards & flexible loans. Occasionally I would have to use my credit cards & flexible loans to supplement my income. Although I was always able to maintain minimum payments to my creditors, things were starting to get out of hand.
Things came to a head a couple of years ago, when I split from my long-term partner. Losing her income meant I had to pay the mortgage, secured loan and all bills from my own income. This was impossible, so I contacted CCCS. They completed a review of my income & expenditure & advised me to send letters to my unsecured creditors offering them token payments of £1 per month. I took their advice and all of my creditors complied with my request.
After looking on the forum & reading Niddy’s advice to other members, I have now stopped making the token payments. Consequently, most of my accounts have been defaulted and passed on to the dreaded DCA’s. Although the endless contact from them was initially very daunting, I am dealing with the DCA’s as discussed in various threads here. It’s great that if you refuse to go through their security questions, they’re unable to talk to you!
Anyway, that’s my opening post, probably of many! I will add details about my individual accounts when I have a little more time and upload my CCA’s for advice from Niddy. I am ‘hopeful’ that, as all of my accounts are pre 2007, he will declare them as unenforceable.
Edit:
Will add individual account details from today, using Pixie's colour coding, i.e.
sent
received
other information
Things came to a head a couple of years ago, when I split from my long-term partner. Losing her income meant I had to pay the mortgage, secured loan and all bills from my own income. This was impossible, so I contacted CCCS. They completed a review of my income & expenditure & advised me to send letters to my unsecured creditors offering them token payments of £1 per month. I took their advice and all of my creditors complied with my request.
After looking on the forum & reading Niddy’s advice to other members, I have now stopped making the token payments. Consequently, most of my accounts have been defaulted and passed on to the dreaded DCA’s. Although the endless contact from them was initially very daunting, I am dealing with the DCA’s as discussed in various threads here. It’s great that if you refuse to go through their security questions, they’re unable to talk to you!
Anyway, that’s my opening post, probably of many! I will add details about my individual accounts when I have a little more time and upload my CCA’s for advice from Niddy. I am ‘hopeful’ that, as all of my accounts are pre 2007, he will declare them as unenforceable.
Edit:
Will add individual account details from today, using Pixie's colour coding, i.e.
sent
received
other information
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