How To Write Off Credit Cards, Loans, Overdrafts (UK) 2024
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- Опубликовано: 9 сен 2024
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#creditcard #loans #overdrafts #storecards #banks #mortgages #stepchange #payplan
I feel better every time I watch this video, I come back and watch it every time I become unnerved by my financial situation (which is a mess) and get relief. You are a wonderful man thank you so much.
Me too! Literally, I was scammed by a forex trader and I now have a credit card debt, was so scared that I considered ending it all. Then I found this video and I do not exaggerate when I say it saved my life. Can’t thank you enough.
Hear hear
Watching 2024
I have negotiat before
20 years of Debt, harrassment, not moving forwards with anything as expecting debt collectors to come banging on the door, going through extreme depression, 60 years old now and felt like I've wasted 20 years of my life. BUT thanks to you the new understanding I now have of the debt system, I have started to come out of my shell again and am starting to pursue a more "normal" life once more. THANK YOU SO MUCH OYE, for YOUR LOVE My BROTHER! P.S. NOW SUBSCRIBED 🙂
You are very welcome. Really happy to read this.
In all my year's of seeing people tell bullshit advice on RUclips about debt and so on you are the only one who's telling the truth you have to know the system all financial systems are a game with just play the game, I salute you sir
True
Your videos are gems for the People Oye. I have reduced loans from up to 25k to £300 using a different tactic to what you mentioned. You're absolutely correct, debt collectors fish from a list they buy for pennies and see who bites, they then get busy scaring the shit out of the public with word magic and threats. Your videos come like a public service, keep posting bro.
Very true words bro and thanks for the support.
Really pleased for you Eden as that's a HUGE achievement. You say 'a different tactic'? Can you share at all?
Yeah what's the ”different tactic”
@@diondennis3202
Get yourself a "straw man" book and educate
@@diondennis3202 My process: NOTICE-OF-CONDITIONAL-ACCEPTANCE
NOTICE-OF-NON-RESPONSE-AND-OPPORTUNITY-TO-CURE
THIRD-NOTICE-OF-CONDITIONAL-ACCEPTANCE
NOTICE-OF-NON-RESPONSE-AND-NOTICE-OF-COMMERCIAL-DEFAULT
- I send by recorded delivery
I spoke to Oye in April 2019 and took his advice. Put this into practice and it's working out exactly how he said. Paying each creditor £1 per month and today one of them offered 60% to settle early. Gonna hold out for longer though, I want a much better discount 😁 my advice to anyone is if you're not sure on the videos, pay the man for his time. It will be one of the best investments you can make. Thank you again Oye 👍🏼
Thanks for your kind comment and I'm really pleased everything is working out well for you.
Hello I need help. I'm in good standing with all my borrowings but sinking fast. Soon I will be accruing interest and debts doubling.. What should I do? If I only pay £1 a month how long until debt collectors get involved? Will my credit score go down? Will my file be ruined?
Hi Davidoff Maximus, how did you arrange this? Do bailiffs end up coming out?
@@whichdoctor4858 just write a letter to the creditor/lender explaining you are in financial crisis, the situation is affecting your family and wellbeing and can only afford £1 a month until your situation improves. As you are acting in honour and still making a token payment, they have to accept. You should look up difference between bailiff and debt collection agent. They will not bother you if you make token payments but also do not fear them, they have no powers.
Its been a few years now that I'm still paying £1pm and I have not had any issues, life is great 😁👍🏻
@@MrGammyballz thanks. Will drop them an email this week. They wanted me to go through StepChange and setup a payment plan. I’ve started making a £1 payment even though they have given me 30 days grace.
This is very true I done a £1 per month and managed to get the debt down to 80% don’t be stressed and frightened
That’s great what sort of debt was it? Personal loan with the bank?
Bro YOU are a life SAVER......thank you thank you...
You're welcome 😁
My dad who was a young 22 year old lawyer back in the late 1980s, got his Dad (my grandad), a £340,000 mortgage completely written off. He wasn’t a specialist in financial services, he just knew the system or has magic powers
Thank you for this concise and informative video.
You are doing an amazing job helping others - Building awareness amongst others regarding debt is vital, as an astounding number of people (like myself) are in debt with it often becoming a mundane/llifeless burden.
I will rejoice the day when I am completely alleviated from debt!
I shall be sharing and watching out for your next update. Take care.
Bro this is top-quality stuff, my guy! learned more from this in 10mins then my entire financial life
Appreciated. Also check my website out www.therealdebtguy.com
I really do feel that debt is the modern day disease...I’m like a crazy preacher telling all the young members of my extended family to invest rather than spend their money but I sometimes feel it’s like trying to put out a house fire with a water pistol....they just don’t listen. Even showing them the power of investing, compounding and effects on your money over time doesn’t get through. The penny didn’t drop with me until I was about 30 I’m now 58, but once it did I’ve never looked back - great info in these videos, but people have to also change their behaviour otherwise they just end up in the same situation...been there worn the tee shirt - I can tell you that saving and looking after your cash is so much less stressful than being in debt.
Just watched this video again! It really puts things in to perspective for me! Oh and the 17👎🏻are from all the debt collectors in the UK 😂
You are a blessing my friend. I believe I can speak to many people. Thank you and may God bless you
Thank you, God bless you too.
I've buried my head in sand for 2yrs since being made redundant. Received no help or debt management via HSBC when I contacted them, other store cards kept my accounts open charging me extra. Now during a national lockdown I'm being chased and it's at the stage of going to court for CCJ for 2 of the debts! I'm ill with worry can't sleep or nothing 😞 read so much and now found this video so hoping I can deal with it on my own 🙏🏼
Great video, I took your advice 3 years ago and went to step change who then sent me a typed out letter to send to my debtors to accept my token payment of a £1 per month. I never spoke to my credit card companies I block their numbers and after 6 months the letters started to disappear. I set standing orders for a £1 a month which they agreed to. Now 3 years on I hear nothing apart From a odd statement from one of the debt collection agencies showing my £1 per month. The rest have disappeared. I think they have wrote it off totally without having to settle anything. Have you heard of this? Your video changed my life and for that I’m indebted to you ha.
This is really helpful. Thank you
Thanks so much for sharing. Please, do you know the effect paying £1 instead of the regular monthly payment will have on one's credit profile ? Many thanks.
I got a question: what happens if you’ve entered into an IVA but now want to cancel/fail? How does that affect your credit report? And what can you do next? Would love some guidance on this issue!!
came across your channel after searching CCJs.
know im a subscriber and watching all your vids!
I dont subscribe much but I think your intentions of helping the financial uneducated like me is genuine. Your mother raised you well. ❤
Thank you very much and yes my mother is my guiding light.
I find this very interesting, informative and educative. More of it please!
Thank you very much for the feedback. I will be posting many more videos
This is why the current banking system is a scam. It generates money that is non existent and lends it only to squeeze out real money of people through its own different company.
I have owe 35 k on credits card loan overdraft and i was going for iva tomorrow but after i seen ur videos i changed my mind thank u so much. … so is that the right thing to avoid iva ?
Hi Oye. Thanks so much for your motivational videos. I have had an arrangement with a debt management company for years making payments of £300 a month towards a pot of £78000 initially. I have debt with 14 creditors. Doing it this way I have managed to get it down to £56000 which is progress however since watching your videos I am making token payments of £1 each to the creditors and putting £286 into my bargaining pot! Have removed 2 debts completely, last 2 I paid off debts of around £1500 for £300. I should have done this sooner but feeling great to finally be taking control rather than being controlled. I am not saying that DMP isn't the answer for some people but there is definitely a better and quicker way if you have the knowledge and desire to deal with it. Once you know what they have paid for your debt the ball is in your court, not theirs! Thanks again for the work you do. Regards. Rob
You’re welcome and I am really pleased you are progressing so well.
Did this affect your credit score
Hi Rob, just read your comments and I’m in similar situation. I got 7 debts with different creditors (credit cards, loans, hmrc vat) I’m mortgaged and having 2 little children, so stressing a lot.
Did you call your creditors and told them you’ll be afford to pay them £1 month token payment? If yes for how long you will pay till they sell your debts? Thank you Rob and we’ll done for your learned tactics from this amazing help debt guy, great job!
@@pastyl1982 how did you get on?
You're doing a fantastic job. People in debt trouble really need to watch your video's. Keep up the great work
👍👍👍👍
I would like to commend you for starting a channel on this topic. Please do keep up the good work as you are a true asset to the communities across the world, but also very happy to see someone from the UK focussing on this topic as there are not that many youtubbers from the UK, so thumbs up all the way. Love and Light X
Thank you Deborah
You smashed it brah. How to clean up your credit file whilst implementing this strategy is the golden egg. What is your way about this? Debt validation, unverified debts can’t be reported on your credit file etc have you looked at the consumer credit act 1974? Enough love
I've got you covered bro watch this one (this will help increase your credit rating) - ruclips.net/video/R5jJ34X9ugI/видео.html
I just happened to have done all this before seeing your vid. Wish I’d saw your vid 6 years ago lol. Great vid very clear what did surprise me was the buying debt for as little as £3. I thought it was £10 and over. Gos to show the money they are making on people that are very very worried about their debts I owed over £50 grand 6 years ago all sold so I paid only about £9 grand to settle them all. No more debt think god. Please make more vids like this one. So many don’t know that this selling gos on. Well done on the vid
I've buried my head in sand for 2yrs since being made redundant. Received no help or debt management via HSBC when I contacted them, other store cards kept my accounts open charging me extra. Now during a national lockdown I'm being chased and it's at the stage of going to court for CCJ for 2 of the debts I'm ill with worry can't sleep or nothing 😞 read so much so hoping I can deal with it in my own 🙏🏼
Hey john
Would did you do with your debts
Pay as little as possible for 6 years
Then settle In a similar position myself to what you were mate so any advice would be great
@@muzzer8869 hi. The older the debt the less it’s worth pay them a pound a month and just let it sit let the few years go by and they will start making you offers. You know then the debt has been sold on. Some are greedy and won’t give any more than 30% off. Some are more accepting of up to 70% or more so start with them first. National debt line have worded templates you can use to write to your debt company’s. Sit tight and play the game. It’s not the initial debt that breaks people it’s the interest that these greedy lowlifes put on. Good luck. Hope your free of debt very soon Ps the guy in this vid is brilliant. Makes it so clear and simple
@@johnpunter1272 thanks for that mate. Ive been paying £1 for 2 years now
Just arranged further £1 for 12month
Just really paranoid a will get a ccj like long as this £1 token plan goes on for
@@muzzer8869 I never got a ccj and has they have agreed another year of £1 a month I don’t see why they should suddenly throw in a ccj. I think your be ok
What is the impact of this strategy on your credit score or potential future possibility to take a mortgage when you recover from the weighing debt?
It isn’t good. I used the same strategy and my credit score tanked.
You're credit score will be affected, however if you're credit score is your concern, you're not in financial difficulty.
I just stumbled across your videos after searching for info on partial settlements. I received a letter this weekend from a debt collection agency offering me an 80% reduction off my debt. I was a bit dubious as I too was thinking that only paying part of the amount that I owed was morally wrong and make my credit file look bad. I am currently working two jobs in a bid to pay off creditors this year as I am fed up of being a slave to lenders. I owe about 12k - however, after watching your videos I dont think i'll have to pay out that much as they have all been on token payment agreements for the last few years. Thanks for this information. It is so valuable 👌👌👌
I've just negotiated 40% pay off on an old amex card. I never imagined creditors would take an 80% reduction.
I also felt the obligation too.
Clare Hill does this affect your credit score?
Isn't a token payment plan valid for 12months only? After 12months do you ask for more time?
@@clair233 how did you sort Amex card credit, I got bight balance there and cannot afford to pay, what did you say to American Express?
Thanks so much for this, the pandemic got me into real trouble, this is a life saver
Thank you for this public service. God bless you.
I have taken my time to read several reviews and decided to do some investigation about some of them; I can strongly say that Michael Gibbs is the right person to work with. He is the best and really good in boosting credit score and increasing credit card limit. He helped me increase my credit score to +800 (excellent) and increased my two credit card limit to $19,200 in less than 10 days. He also helped erase all negative items on my credit report within few days, His works are fast and affordable compare to others. Email him directly today 'Gibbs@creditpatchup.com'if you desire an excellent credit score in this pandemic year. LOL!
Hey, thanks for the video. I earn well in the 40% tax bracket but might be losing my job whilst being a home owner. I currently have around 50k worth of unsecured debt and wanted to know if I should think about an iva or a debt management plan or this method would be the best in terms of voluntary payments? Much appreciated.
Awesome video , would you share some tips or make a video how to quickly boost the credit score, thanks in advance
Thank you. I will look at credit score subject in the future.
I am Glad that you make this video. i took loan in uk on company account. but i was the personal guarantee for this Loan . My visa expire and i leave the UK . but i am scared that one day they will come to my place . and make problem for me
They won't
Dammit you are amazing!!! God has produced you and your heart
Thank you 🙂
You learn something new every day thank you mate.
Good advice on "How to write off Debt". I know this is possible because I have debts before that have been reduced when I spoke and negotiated with my creditors about my debt. It takes courage to do this because when you are in debt, sometimes it is hard going especially if you got genuine reasons for being in debt and not up to facing your debts. Thank you for the great tips.
You are very welcome
Most importantly don’t ignore the debt.
Hi thanks for the advice can sleep easier now will let you know how I get on your a life saver thanks man
You're very welcome.
Thank you for this video!
Truly, when you have all these creditors harassing you ,you can feel like someone drowning in a swamp! Perspective is really needed as this stuff can stress one out and may even impact mental health!
God bless!
this is an excellent video and you have principles which are clearly in evidence here. good work.
Hi quick question.
I am up to my neck in credit card and loans (about £20000). I don’t know what to do. I’ve been sending back all the letters they have been sending me by “return to sender” and haven’t paid anything in about 6 months. I’ve only just learned about Token payments.
I tried to log into my credit card accounts to make token payments but have seen that they have blocked all access. I don’t know what to do now because I don’t have account information to even start making token payments now. What is the best thing I should do?? Should I write to them and request info so I can start paying them token payments and explain that I’ve had really bad financial difficulty, as I don’t think I should get on the phone with them. I’m nervous because I feel that the fact that I can’t log into it online means the next step is court. I know I should have sorted this sooner but I was depressed and really didn’t know what to do, but I really need to get this sorted now. Help???? Please. I really appreciate this channel btw
Did you manage to sort it?
You make it sound like a logical process ....I can’t even answer the phone to these people , I was left in debt by my abusive partner three years ago and it has spiralled 😫
Hello. This video will help me. I've been struggling with debt for a while now. I've not been eating, sleeping or keeping up with my personal hygiene because I just can't afford it. I've got debt with utility providers due to a mistake they made, rent, credit cards, phone bills you name it I have debt with. Since loosing my job due to the pandemic. I've gone from getting £1200 PCM to getting £213 per month. 😬
Legend! I know this is true cause I did it 10 years ago with Natwest. I just thought it was a special case but seems like the way to do it. Thankyou
Do I write token request to bank/credit card before it’s sold to debt collectors or do I wait till it’s sold and then write to them ?
I sent a token payment then wrote to them. They sent me a letter with an income expenditure form. Just fill that form in so it shows that you can afford the token payments
What is your view about negotiating with banks before they sell the debt to a debt collecting agency?
Your an amazing guy to take the time out of your own life to make these videos. Thank you very much for your information and time. I will pass your video on to others that may benefit from this information. Top man!
Thank you and thanks for sharing it.
I’ll go 1 step further. When the bank sells your debt, they do so without ur permission, which is illegal. u have no contract with a 3rd party interloper the collection agency. They have paid ur debt off in full. They will then try to negotiate payments from u. If u accept even £1 a week u have entered into contract with them. Return all letters writing ‘I decline to contract with u’.
Same thing happens with mortgages. Sometimes banks sell ur mortgage to other banks, which is illegal, but they won’t tell u. u have no contract with the other bank & technically ur mortgage is paid off. But u try & get those resale details from the bank. That’s pretty much how the 2008 banking collapse happened, with sold debt
Well done Oye, another nice & simple to understand video. Keep it up, you are doing the right & honest thing. 👍..
So I have always had a little anxiety around money, Since the pandemic it really went into overdrive, however. There were so many things about money and debt i didn't understand and confused me. Your videos really helped clear it up.
More I watch your videos stronger I feel. God bless you my friend. My journey just started to be debt free.
Can't Pay? We'll Take it Away! TV series
Hi Oye I watched a few episodes of this TV series, very scary I don't like watching it does happen for unsecured debts?
why does this happen?
They are designed to scare you. I don't watch the series but an unsecured debt has to have to have gone through a court process to get to this stage.
hey really good info only 2 questions, wont there be a load of defaults on my credit report if i stop making payments should i just stop and wait for the in house collector to contact me i hooe i dont get defaulted by that point?
and also is it not mandatory to have to prove your earnings to setup such as small token payment? thanks again
james anderson I can recommend you to Mogarn00 on IG He paid off my credit card debt
Thank you mate. I'm now due to be debt free in 486 years 😆
😂
This video is 4 years old but extremely useful. Nothing makes me afraid than getting letters after letters. I feel very bad for the lenders. I really want to pay off my debts but what am l supposed to do now that l have lost my source of income.
I'm saving for a deposit on a house at the same time. Will this affect my chances of being accepted for a mortgage? Thanks
Hi Oye, thank you for this video. You're genuineness in wanting to help is obvious. What do you do if your token payments are refused and your debtors say this is too low? Do you continue to make the payments anyway?
Can they still take you to court if you are making token payments? And finally, at what point do we attempt to negotiate the amounts?
Thank you very much in advance
Thanks 👍
Currently have 2 loans with a bank and another lender, I fell into serious gambling addition and took over my life. I took out multiple phone contracts to cover the bills and now my monthly outgoings are higher than what I make. I've tried many times to lump it into 1 debt with a lender but due to the usual credit checks, I've been unsuccessful. What is the best way to get out of this? Thanks
MARTINJW25 I can recommend you to Mogarn00 on IG He paid off my credit card debt
Great video! Thanks
How about if we have unsecured loan? Is that the same process?
If this happens, how long will a person be in a black list?
How many years later the affects end? And let’s say be eligible for a mortgage?
Hi, I have 33k of credit card debts and a loan. Do I contact each one to say I can’t pay? Thanks
Read this article - www.therealdebtguy.com/articles/token-payment-method-and-debt
Can you please help me to remove my name from cifas?
👋 Q: I guess once you engage in token payments/ have a debt written off, you then won't be able to get credit again - or at least for 6 years?
Dude. I feel like I can start to breath again. Thank you for your channel.
You’re very welcome
Great content bro, sound advice
3p in the pound !!! That's insane
Without doubt This is the most helpful program to get information about debt and is helping me a lot and is going to help me move on . Thank you so much
🙏🏾
Great posting. THANKYOU! QUESTION: What if you are in debt because you have been supporting family with Health problems. Leaving you less capable..Timewise..to earn? Leaving Debt Collectors banging at your door.
Thanks for your time!
No problem. You can use this method.
It is an informative video, and definitely a way of approaching debts. My question is: if you make token payments, to any third party; aren’t you getting into contract with them (by that behaviour, as contract law assumes), where it might not be clear that there is an enforceable contract at all.
I have tended to probe them with questions, as well as cross examining the content of the letters (even looking for elements of fraud). I have not paid anything, and the debts (there are two), just seem to be getting, so to speak, tired.
Thanks for the information. Could you please do a video on Bank overdraft and how to best manage them? Also can you distiguish between a bank overdraft and a credit card?
Hi, sure I can. I will include it in the next question and answers video
Watch this video Lisa, I have addressed your questions. ruclips.net/video/YNapKHRJioM/видео.html
Hi can I ask if you go via debt collectors, and still get defaults of 6 years on your credit file, why would you be against an IVA if ultimately its the same outcome with just paying a bit more monthly to the IVA and you won't get hounded by debt collectors or bailiffs threatening you? I'm genuinely wanting to know as I'm torn on what to do 😭😭
Read this article on IVAs - www.therealdebtguy.com/articles/the-truth-about-individual-voluntary-arrangements
Your videos are doing a great favour to people. Cool to see this kind of help. Great stuff, thanks buddy.
Thanks for your support.Keep going on...Excellent realistic advices.
Thank you.
Thank you so much for your brilliant advice. You have just relieved me of so much stress! 😀
You're welcome
Hi I found your video really helpful, thank you so much. Just have one query that is in my mind how does this affect a person's credit history. Does it then become impossible to get future credit agreements ?
Have a read of this article - www.therealdebtguy.com/articles/token-payment-method-and-debt
Amazing content! Just a question. I sent a letter to creditors informing about my financial crisis and token payments. They responded with questions about what has changed in my situatisitew long will it last and if I could send them documents to confirm it. Am I supposed to respond and give them this information? Thank a million for help
As long as you are paying back what you can afford, even if it’s £1 per month. Will this effect credit rating and can you still get hit with a CCJ?. Also big up yourself, doing gods work!!!
This will help you - www.therealdebtguy.com/articles/token-payment-method-and-debt
Whenever I have ever spoken to an IFA, I get the feeling they work for the financial organisations.....I simply don't trust them.....what's your view??
What are your thoughts on bills of exchange act 1882 s23. In regards to debt collectors? A contract with the debt collectors is only formed via agreeing or being signatory to the contract. But in any case should one not agree or become a signed party thus makes it unlawful for the debt collector to pursue somebody for a debt?
In which case would it not be best to do token payments to original creditor and keep it that way? I understand debt collectors buy debts for cheap, but if paying £5 monthly on a £10,000 loan with the original creditor surely brings about a reduction in debt?
as you said will devalue overtime anyway and would expect a discount. Will that be a good approach? Or this only applicable to debt collectors
In going this route to reduce your debt or write it off, how does it affect your credit rating?
Read this article - www.therealdebtguy.com/articles/token-payment-method-and-debt
i am being chased by different debt collectors right now some over 10 years old and im sure i already cleared some,but when i email them i just get an electronic response so im just statued barred all even received a refund today from Barclaycard yet this account closed years ago.
Read this article Diane - www.therealdebtguy.com/articles/do-you-have-statute-barred-debt
What about a Debt Relief Order?
Can you help me tomorrow please? I have a debt of around £8,000 it has been defaulted since 2015.
I understand they can issue a CCJ before the 6 year period next year.
The debt collection agency has sent a letter saying they will partially settle the debt at 80% off for £1,600.00. I don’t have this money but could settle at around £300.00. What do I do?
I HAS ALMOST THE SAME CASE AS YOURS... MINE WAS TO BE SETTLES AT 90% I DON'T KNOW HOW THIS CYBER_PLOT ON INSTĀGRĀM DID... BUT TODAY AM FREE FROM DEBT
Very good video, lot of insight into the debt market in such a short space of time. I'm going to put this to the test 🙏🏼
Hey, great video! I wanted to ask that when you settle debt and reduced the amount how does that look on your credit report as it will come up as partially settled?
That's correct
@@Oye_TheRealDebtGuy Is that a bad thing or will it effect taking out loans mortgages? Just asking
@@Oye_TheRealDebtGuy How does it affect your credit history? If the loan is paid off, will they report it as paid and then will be on your credit report for 6 years or will it disappear 6 years from when the loan first defaulted?
this video was the best yet, it really told me how to do things properly tks
Thank you and I am glad it helped you.
So really I'm thinking as somebody that doesn't borrow and has no debt I'm a chump and I should be borrowing left right and centre. I never thought of it like this. I'm off to borrow £100k on credit cards and blow it on good times for a total cost of£10k. Awesome thanks so much
You’re welcome.
Thank you boss. I needed this. Definitely subscribing.
Hi this is very interesting...however- writing off such amounts of debt - doesn't that blacklist you? And won't a person's credit score drop considerably? Most lenders will see partial settlement- however won't most of them not lend to u for atleast a good 5-10years? My questions may seem stupid but your advice is most appreciated.
Hi, blacklisting due to debt reductions is a myth. You are more likely to be blacklisted if you have been involved in fraud. A persons credit score will definitely drop, I have a videos to cover pretty much all your questions. Check out my Debt Centre playlist and my Debt Questions and Answers playlist too. They will help you.
So are you suggesting to stop paying the bank and let it got to a debt collector?
So someone is paying token payments. What would keep the debt collectors to come to your house and collect essets? Take away your car, your in house goods...
Thank you 🙏
Hi need your help
@@anasoares8945 pray tell
Massive legend. Appreciate you!
I'm not sure why everyone has been targeted with debt write off adverts. I've been brought up to not be a debt bastard, if it is not affordable then I don't buy it. It is bloody simple. People who get to write off their debt will just incur more afterwards, they need to be forced to repay it back and sent back to school to work out simple sums so they don't screw up again.
Good Advice which I will.follow. one question I have is I have a debt with Provident around £2,500 which was sold off to a debt collection agency before Provident stopped trading. All their loans were wiped off at this time but I think I will.still owe this as it was sold. What would you advise I do, what steps should I take to get rid of it? I have debts of between 6 and 9k I am working full-time but a single dad with high private rent.
Read this article - www.therealdebtguy.com/guides/8-steps-to-handle-debt-with-a-debt-collector
Thank you for this and other videos. Can i please ask you best option to terminate an IVA?
Very informative. Thanks for sharing. God bless you for the great work.
You’re welcome and thanks
My friend has a creditor asking for a bank statement to show proof of change in affordability..before they will accept token payments!
This was very helpful, thank you for making this video.
You're very welcome
Thank you very much for this video that I've just came accross. My Debt is over 33K more or less I am currently on Breathing Space and today monday all phone calls have stopped. Would it be possible to negotiate with the creditors or debt collectors the amount of debt owed so I can go for a DRO? Or would you suggest to keep going for the Token Payments ? Also, would Council tax accept this? Im currently on the stage with bailiffs who got stopped because of the Breathing space.
Thank you for the very useful information.
Very clear and simple
You’re very welcome
You saved my life brother, God bless you!
Hi, Thank you for a nice motivational video, just wanted a clarification on (when you say ,you can fill income/expenditure form if you wish !)
Does that mean it's not legally mandatory to fill this kind of form ?