Evening.......
A little guidance please
My cousin and partner are to become parents for the first time in Feb and for the past year have been frantically been trying to pay off their non priority debts before the event.
Unfortunately they seem to have their priorities all wrong and have fallen behind in their council tax and water. baaaad move.
As the birth is fast approaching and with only 2 debts to clear, I feel that they should try their luck with the creditors and get the remaining debt wiped.
The two debts remaining are HSBC management plan @ £3k and Solution Finance @ £550, paying £60 and £19 p/month.
I have done what I can as regards HSBC, charges etc. Requested CCA from Solution Finance which they have sent but not sent full list of all transactions on the account. I'm sure there are charges on this store card due to credit limit was only £400.
Total income per month £1500 Total outgoings £1330, now with baby due in 4 months, their income is gonna be reduced and outgoing will be increased.
So using the ' write debt off' template, I was thinking of asking solution finance to write their off, if not then pay up till feb and then write off, and if they still dont agree, offer £1 per month on a temporary basis for 12 months etc.
With HSBC, I doubt they will even contemplate writing theirs off, so requesting to continue to pay till feb, with a view to writing off debt then, if not then £1.
I'm worried that they are getting behind with the priority debts and will cause a problem when the baby arrives.
Do you reckon they'll go for this? any idea on best angle?
Any assistance would be greaaaaaat :carrot::beagle:
A little guidance please
My cousin and partner are to become parents for the first time in Feb and for the past year have been frantically been trying to pay off their non priority debts before the event.
Unfortunately they seem to have their priorities all wrong and have fallen behind in their council tax and water. baaaad move.
As the birth is fast approaching and with only 2 debts to clear, I feel that they should try their luck with the creditors and get the remaining debt wiped.
The two debts remaining are HSBC management plan @ £3k and Solution Finance @ £550, paying £60 and £19 p/month.
I have done what I can as regards HSBC, charges etc. Requested CCA from Solution Finance which they have sent but not sent full list of all transactions on the account. I'm sure there are charges on this store card due to credit limit was only £400.
Total income per month £1500 Total outgoings £1330, now with baby due in 4 months, their income is gonna be reduced and outgoing will be increased.
So using the ' write debt off' template, I was thinking of asking solution finance to write their off, if not then pay up till feb and then write off, and if they still dont agree, offer £1 per month on a temporary basis for 12 months etc.
With HSBC, I doubt they will even contemplate writing theirs off, so requesting to continue to pay till feb, with a view to writing off debt then, if not then £1.
I'm worried that they are getting behind with the priority debts and will cause a problem when the baby arrives.
Do you reckon they'll go for this? any idea on best angle?
Any assistance would be greaaaaaat :carrot::beagle:
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