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| The independent answer to your debt problems | login join |
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blondie56
| 14-09-2008 10:41 PM |
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Joined: 14 Sep 2008 Posts: 2 | Hi, Can anyone help me. I have both a personal unsecured loan and overdraft which come to nearly £19000. I have split with my parter and have a very large mortgage and cannot now afford to pay this loan and overdraft. I went into Natwest last week to advise and they said tough basically, so where do I go from here I am at my wits end. Do I go and open another account at another bank then go to the natwest and tell them I cant pay as I do have my wages paid in there but I need to live and I am not at the moment. I am off work at the moment as this is making me ill and I have never been in this position before so just dont know what to do. |
| paladin | 15-09-2008 12:13 PM |
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Joined: 06 Jun 2007 Posts: 287 My Profile | Hi blondie I am sorry to read about you splitting with your partner. Can you tell us if any of the debts were joint debts, whose name is the house in. If you could also let us know what your day to day expenditure is via an Statement of Affairs we will be able to advise what your best solutions are. I think it is a good idea to move accounts away from who your debts are with. The bank doesn't really care if you starve and will keep taking their money from your account regardless of whether you can afford it or not. Paladin |
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blondie56
| 15-09-2008 05:42 PM |
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Joined: 14 Sep 2008 Posts: 2 | Thanks for your reply, My computer wont let me open the statement of affairs. The house is in my name and the debts are for me alone. I know I cant do a IVA because I have already seen into it. My outgoings at this moment I have more going out than coming in. I have a debt with a credit card but have wrote to them and advised so that means I will be £128 a month better off. I am also in the process of selling my car so I can get rid of the finance on the car. I have been and opened a new bank account but they do a credit check so dont know if I will get it. I have never missed a payment on anything other than this month on my credit card . If I get the account where do I go then do I re contact the bank again !!!!! I have been with the bank for 15 years and cannot believe for the first time in all those years wanted help and they just are not interested. |
| paladin | 17-09-2008 04:16 PM |
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Joined: 06 Jun 2007 Posts: 287 My Profile | Sorry for taking so long to reply. If you go back to the SOA page and make " an exception" your computer will allow you access to the SOA calculator. It is pretty dire that your bank will not allow some leeway with respect to your financial position. You should be ok getting a new account, if banks refused to open new accounts because of missing a payment etc they would out of business rather quickly. With respect to the car, it's good that you are taking your debts seriously and hopefully you'll get a good price for the car. (I take it your car is not on HP). Once you have opened a new account and transferred your wages to it you need to do an SOA which you'll present to the creditors stating that this accurately represents your current financial position. Then with whats left over after essentials have been taken care of you offer a pro rata payment to each creditor. see here for more info. http://www.debtwatchdog.com/DIY-Debt-Management.html Hope this helps. Hopefully you'll not have to wait so long for an answer. P |
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fialko
| 15-10-2009 10:52 AM |
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Joined: 15 Oct 2009 Posts: 3 | You are completely wasting your time with NatWest!!! I was referred to The Citizens Advice Bureau Debt managment team after trying to take my own life over debt and spending 5 days on life support machines. I was given a debt management pack, ironically sponsored by RBS of which NatWest is part of! Despite letter from teh CAB, my GP, over 50 letter from myself and even a complaint to The Financial Ombudsman whoc backed Natwest complete indifference i now owe considerably more to them than when i first approached them. All other creditors helped me and i have significantly reduced my debts to them, even having one credit card returned to me! |
| paladin | 17-10-2009 10:07 PM |
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Joined: 06 Jun 2007 Posts: 287 My Profile | fialko As you know all too well, creditors don't give a r@ts ass for you or anybody. All they want is their money back and they'll chase, harass you and do virtually anything they can to get their money. It's so sad that people like yourself feel that they are left in such a desperate situation that they resort to desperate measures - and still, the banks don't care! Unlike your creditors we care more about you the money. I'm trying to be subtle and caring. I have no time for their tactics and believe that your creditors should be a lot more caring and respectful of people who encounter challenges (euphemism) in their life. Who was it that bailed out the banks when they were in financial trouble? Us - the Great British public. Karma will sort the banks out and, Fiaklo, getting shot of your money worries will sort you out! Have you thought about bankruptcy or any other financial solutions? P |
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fred
| 24-10-2009 09:14 PM |
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Joined: 24 Oct 2009 Posts: 1 | I suggest you consider moving overseas. If your house wont cover the mortgage, walk away, dont give a forwarding address. Our MPs are the biggest thieves and when they get bounced at the next election, they will walk away owing the taxpayers thousands, and they will quickly be gone overseas with their pensions. In the UK, it is the worker who is sacrificed by the system. If you have money, you can walk away from debts although you dont have to, if you have no money, you cant negotiate or walk away easily, and you have to. The banks wont give you a second chance even though they got one at the taxpayers expense. So again, move, the country is going downhill rapidly anyway. |
| DW George | 27-10-2009 09:01 PM |
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Joined: 01 May 2007 Posts: 1037 My Profile | mmm thanks for that fred. In the interests of free speech I'll leave this. fialko how are things - I take it you are not about to leave the country ;) |
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fido
| 15-01-2010 10:25 PM |
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Joined: 15 Jan 2010 Posts: 2 | Hi Iwould suggest contacting CAB with any relevant paperwork, and ask for there help. Hope this helps Paul |
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RivaSoul
| 25-01-2010 06:12 PM |
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Joined: 06 Jan 2010 Posts: 6 | I was in 10,000 debt, and these guys wiped out my debt completely in 14 days, there are no debt management plans, and offer a 100% moneyt back guarantee, but from what I know, every case has been settled. It may be worth checking them out. All the Best edit: url removed reason: no advertising |
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Scrat
| 26-01-2010 03:15 PM |
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Joined: 26 Jan 2010 Posts: 6 | Rubbish Rivasoul. You have no soul when you are directing people and guiding people to the wrong product. I hope the Company concerned are registered with the MOJ |
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sm197
| 13-01-2012 02:10 PM |
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Joined: 13 Jan 2012 Posts: 1 | Hi are you sue from mansfield? |
