Credit Union/HR powers

Southernmrsofty · Post by **Southernmrsofty** » 18 Apr 2016, 19:53

Hi.

I have 3 credit union loans coming from my pay,Things were fine but now my wage is the only wage coming in due to the firm my wife worked for going bust.

I have rang HR and they wont lower the payments,The credit unions are unbelievably unhelpfull.

Commsave - £110 per week. 1 year left.

1st class credit union £40 per week.2 years left.

Penny post £40 per week.3 years left.

Im paying out £190 from my wages weekly and its leaving us short big time,Now behind with council and an attatchment of earnings granted,Another £41 coming out next week.

So total pulled from pay £231 per week.

Im left with £100 per week in my bank.

We are surviving on savings and they are being eaten away and soon will be gone.

Its causing big problems with other bills and soon i can see us going under.

2 kids,Mortgage,gas,electric,water,food,petrol.

How do i get these credit unions to lower the amount to give us an amount to live on? If they extended the loans to reduce the payments to 1/3rd it would help but they wont.

Should i enter into an IVA?

I dont have any issues paying what i owe but some help at this hard time is needed.

Post by **POSTMAN** » 18 Apr 2016, 20:17

Was wondering, can HR refuse to cancel a payment or payments from my wages that I want cancelled?

CLINTEASTWOOD · Post by **CLINTEASTWOOD** » 18 Apr 2016, 20:25

Hi i thought if you were affiliated with another credit union you had to state this in before you put in a loan application.Anyway though, this cant go on speak citizens advice.I really feel for you mate i hope you find a solution.KEEP POSITIVE .

Post by **aiden01** » 18 Apr 2016, 22:04

POSTMAN wrote:Was wondering, can HR refuse to cancel a payment or payments from my wages that I want cancelled?

Yes someone in our mc tried this recently.

shaun2urz · Post by **shaun2urz** » 19 Apr 2016, 00:14

You have a mortgage? So sell your house and rent privately. Use any profit from the sale to pay off your debts.

Creditshampoo · Post by **Creditshampoo** » 19 Apr 2016, 03:12

shaun2urz wrote:You have a mortgage? So sell your house and rent privately. Use any profit from the sale to pay off your debts.

Incredibly stupid post.

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Rent, council tax, food etc are all priority payments which must be paid before non priority debts such as unsecured loans etc. Please contact a great company called "step change".

pants123 · Post by **pants123** » 19 Apr 2016, 05:19

shaun2urz wrote:You have a mortgage? So sell your house and rent privately. Use any profit from the sale to pay off your debts.

Its a troll,, there are are some seriously nasty and evil people in this world......

Come october, you can sell some of your shares, that might help get your debt down..

terry2972 · Post by **terry2972** » 19 Apr 2016, 06:28

contact step change they are completely free and will advise you how to deal with your debts for example a debt management plan its just good to talk with some one who doesnt judge but can guide you through these trying times

Post by **POSTMAN** » 19 Apr 2016, 13:31

Yes there is help out there and it's easy to get on minimum payment terms with most companies, but the thing here is do HR really have the right to refuse to stop payments from our wages which is the case here.

The 3 credit unions are outside RM's remit as well.

Everything else would fall into place if HR played ball.

Commsaver · Post by **Commsaver** » 25 May 2016, 14:00

Southernmrsofty wrote:Hi.

I have 3 credit union loans coming from my pay,Things were fine but now my wage is the only wage coming in due to the firm my wife worked for going bust.

I have rang HR and they wont lower the payments,The credit unions are unbelievably unhelpfull.

Commsave - £110 per week. 1 year left.

1st class credit union £40 per week.2 years left.

Penny post £40 per week.3 years left.

Im paying out £190 from my wages weekly and its leaving us short big time,Now behind with council and an attatchment of earnings granted,Another £41 coming out next week.

So total pulled from pay £231 per week.

Im left with £100 per week in my bank.

We are surviving on savings and they are being eaten away and soon will be gone.

Its causing big problems with other bills and soon i can see us going under.

2 kids,Mortgage,gas,electric,water,food,petrol.

How do i get these credit unions to lower the amount to give us an amount to live on? If they extended the loans to reduce the payments to 1/3rd it would help but they wont.

Should i enter into an IVA?

I dont have any issues paying what i owe but some help at this hard time is needed.

Hi, I cant speak for the other 2 CU's but if you contact us at Commsave, and explain that you are having some financial difficulties, they will send you out a budget planner to complete. From that information they may be able to reduce your payments to a more affordable level for you. I will send you a private message with the contact information you need and how we can look at a resolution for you.