- Tue Aug 29, 2006 4:05 pm
Thank you for your reply. Sorry it took so long for me to come back here..
I will take a look at some of the sites you listed. Right at the beginning of our problems, we got advice from the CCCS, and at the time we had no surplus income and were advised to offer £1 a month, which we did. Unfortunately nearly all of our creditors refused this offer (we have 7 creditors), and the "arsey" letters and phone calls were relentless.
This has all but stopped altogether. We only get about 2 letters/calls a month now. This is why I was considering "avoidance" as an option. However, I am not familiar with the new legislation nor do I want this to be hanging over my head for the rest of my life. We are still not in a good place financially so I doubt that the CCCS would find surplus income at this stage even with an updated personal income/expenditure calculation. I am now reluctant to communicate in any way with the creditors for fear of the mailbox/telephone harrassment starting up again. It took almost 2 years for it to cease the last time.
However, on the upside... a lot of the letters we do receive nowadays offer a substantial discount on an agreement to pay. Some are even offering to "settle" the debt for half the original amount outstanding. Believe me, if I had the money, I would bite off their hand as these offers are certainly very good. It was never my intention to get into debt and then ignore it. Circumstances just led me here, which is probably a familiar story.
I have been offered a personal loan umpteen times from a certain company who deals with people like me, and although I haven't been tempted to take it thus far, I sometimes wonder if that's my answer. Do I take the loan and consolidate at the discounted rates my creditors are offering? I currently owe around 12K, but 6K would probably cover it if I was offering prompt payment. I'm reluctant to make a decision on this, as my previous financial decisions have been quite catastrophic.
Any input/advice would be most welcome.
Again, I thank you for your reply. I'm glad I came here and I hope to be able to take my head out of the sand sometime soon!