OriginalBubble
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You could try the National Debtline (http://www.nationaldebtline.co.uk/) they are independent people who may be able to help
Or try citizen's advice.
My parents are in the same situation, my dad is on disability, and my mum is retired (on state pension) but their bank keeps throwing money at them. It makes me sick. |
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Tracy
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get her to go to citizens advice bureau, they will recomend a good and usually free finance service. GOOD LUCK |
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andyprefab
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try and come to voluntary agreement with the creditors with the help of a money advice worker at the citizens advice, they don't charge for the service. |
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alatoruk
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citizens advice
do NOT do an iva through one of these companies that advertise on TV saying "there is a little piece of unknown legislation that will allow you to write off your debts and leave you debt free after only 5 years".
it will, IF 75% of your creditors agree to it, and you have to make reduced payments, and it has the same restrictions as a bankruptcy on what you can/cannot do and it leaves you with a great big black mark on your credit rating. |
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kgjukes
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If you go to the doctors and get a psychiatric referal to see a psychiatric consultant...then get certified..your debts are then cancelled..so I have been told...x |
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tracy w
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Please tell your Mum to contact your local Citizens Advice Bureau, as they can put her in touch with an organisation whio will help her sort her debts without taking a cut. I would advise you to steer clear of IVA or any of the companies who are advertising on the TV that say they can help with debt clearance. I wish you and your Mum the very best of luck - she is lucky that you care so much. |
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clare.h
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if you are in the u.k you should contact the cccs and your citizens advice centre. they can arrange for her to make a reduced payment on all the debts,(as long as they are receiving some kind of payment you will be ok), and they can also arrange sometimes for debts to be written off that she cannot afford to pay.
dont get sucked into one of these schemes to debt consolidate the debt cos that will just make it bigger and she ll be paying for the rest of her life.
good luck x
http://www.cccs.co.uk/about/howworks.htm
http://www.citizensadvice.org.uk/ |
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men t
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Strategies to Reduce Debt Quickly
http://www.complete-debt-info.com/category/Strategies-to-Reduce-Debt-Quickly.html |
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JMay
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Depends what other resources you have. If you don't own your house or anything then you could declare yourself bankrupt. A bit drastic, but it depends on how desperate you are. I would definitely speak to the companies you have borrowed from, and look at consolidating your loans. Pay off the most expensive ones first. Does your mum have a social worker she could speak to? They might be able to help. Can you sell anything you no longer need to help pay things off? Maybe you could take a lodger? £7,000 I think is a fairly average amount of debt if you believe what the newspapers tell you so there must be some solution. Try not to get in any more debt until you have control of your money again. |
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Ruffee
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The best way is not an IVA or bankruptcy or getting in a debt management company, the best way is to speak to the company/ies involved and ask them to frieze the interest on the account and agree an affordable monthly payment. You can do this by proving, via an income and expenditure form, that you cannot afford the current repayments. Some banks are more willing than others to do this but they are obliged to if you prove you cannot meet the payments. I have just done this myself and it works! Some banks provide their own forms which they will send you if you ask them or go to the National Debtline website and you can download the forms from there and read about exactly how to fill them in. You have to work out your offer of a monthly payment based on a pro rata figure - the website explains all. IVAs are usually for people with more than 15K of debt. See www.nationaldebtline.co.uk - it's worth it. |
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stopccdebt
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If you are in the UK, then you are in luck. There are free credit counseling service offices located throughout the UK. You can also reach them by phone at no charge.
They may have several options you never knew you had available. |
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*DB*
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Tell her to contact your local council they have a service called money matters they will help sort everything out and give your mum the best solution to getting out of debt |
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tradcobdriver
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http://www.gregorypennington.co.uk/ they helped a few members of my family. IVA is debt free in 5 years and it is legal. |
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Jenni B
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speak to the companies who hold the debt. Negociate a lower interest rate, or consolidate. A little willpower helps too! :) |
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psychoticgenius
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Contact a debt management firm on behalf of your parents(you must have their permission), there is a new legislation (involving the government) where upto 75% of debts can be written off and what is left does not accrue further interest. |
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bootycreord
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Citezens advice bureau can help. Talk to them a.s.a.p. before stopping any payments. They will advise you what to do, but be totally honest and tell them of all your debts. No holding back. Good luck. |
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stock.trade
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Hi, i suggest a great site with plenty of Issues related to your credit and everything around it. it also provide clear and accurate answer to many common questions.
I am sure that you can get your answers in this website.
http://investing.sitesled.com/
Good Luck and Best Wishes! |
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sjl333
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Go and watch The Secret (trailer on the web).
Its an amazing docu film about the Law of Attraction! It works for me.....
Not only will you not be in debt, but you'll be flooded with abundance in all areas of your life. Try it - you've got nothing to lose.
All I can say is it works, works, works....
http://thesecret.tv/home.html |
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Crazy Diamond
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Spend less than you earn. |
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Tashi Khoo
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I have all the freedom I need. The only thing that tied me down is 'how much income I want or need' I create new page for my websites everyday. The more websites I have will determine how much income I can get. Anyone who can type and can create websites or blogs can make money. Blogger.com lets you create blogs for free and allows you to make money too. If you can create websites or blogs and can type, you can make online money online easily. You may make money by publishing Google Adsense on your websites. If you have a website or a web-blog, you could make money by publishing advertisements on your site (by google). If someone clicks on those ads, you will earn money. If you don't have a website, you may start creating web-blogs like blogger.com (mostly free) with advertisements (google ads) on it. Some free websites don't allow you to publish google adsense because they are doing it themself. I had received too many yahoo violation notices, so, I'll better not post my own url here. i come by this new blog which I think is good. Take a look if you are free eg: http://lost-newbie.blogspot.com/ I found her on blogger.com. I recommend this blog because I think she needs money badly |
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hm_magicman
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gamble it on red and black at the casino! |
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poli_b2001
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Stop sepnding money you dont have, take out a loan to consolidate everything outstanding. Its not hard |
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