Do creditors ever accept you offer of payment?

chops05 wrote:

Last month I wrote to all my creditors and informed them of my inablility to keep up with the current payments. I used the budget plan and creditors list that the CCCS sent me in my self help pack and sent my creditors copies of these so that they can hopefully see what I am up against.

One by one they have all written back saying they will not accept my offer and are passing it to debt collection agencies if I cannot increase my payments. Is this normal for this to happen?

I decided to phone the Abbey regarding my loan and the lady I spoke to was so rude and obnoxious it kind of put me on a right downer. She told me that they only deal with the CCCS directly and the letters I had used were not worth the paper the were printed on! She then proceeded to tell me that if I had got the CCCS to contact them they would have accepted my offer but there was no way they will be doing that now.

Now my catalogue company have written to me not accepting my offer and will start adding £15 admin charges which really is not going to help the situation.

Do offers evertually get accepted once they are passed to the debt collecting agencies? I'm starting to wonder if I've done the right thing by using the CCCS's help pack and letters and they don't seem to be working very well. From what I have read on here most people have used their DMP to pay their creditors and I am wondering why I wasn't offered this service when I telephone them.

Sorry to waffle on but I needed to get it all off my chest otherwise I'll go mad!!!!!

Oh I forgot to say that I have still made payments to my creditors but only the amounts that I have said I can afford to pay.

1 went 2 cab 1 had 13 crediters all excepted offer i didnt have 2 get in touch the bank and bank loans havent excepted and passed on 2 credit agency but cab will deal with them all interst has been frozen on other creditors that excepted

Hi ya Chops,
I had years of writing to creditors, CCJ's, etc. You name it we ended up having to deal with it. We were seeking advise from the CAB who I found to be fantastic, once you finally managed to get to see them. Long waiting lists usually. In the end I learnt so much from them about how to handle debt/creditors I just ended up doing it all myself.

The long and the short of it is that when you write to your creditors make sure you enclose SOA that shows exactly what comes in what goes out and to who. I even had creditors listed that had to wait for payment until another debt had been cleared as we just didn't have the available funds to cover even minimal payments to all of them. But always enclose a cheque for the amount of your monthly offer. And don't budge from it. If it's all you can afford then it's all you can give.

We had a CCJ hearing once where the creditor had not only already reposssed our car they also wanted £50 a month to pay off what was outstanding. We couldn't do it, and the judge agreed. I'll never forget what she said to them. I quote 'It is clear this couple are in severe financial difficulties. It is ridiculous to ask for this amount that they clearly cannot afford. You 'will' accept payments of £10 a month.' Which is what we had originally offered. We owed £1500 or so. Common sense did prevail!

We did have the last laugh on these 'nasty creditors' and they were nasty. Hubby lost his job and we ended up decreasing it even further to £1 a month. I sent this every month requesting a receipt by return, which they did. In the end they got so hacked off that a couple of years down the line they accepted £200 odd as full and final settlement just to get rid of us.

Your doing the right thing. Always correspond by post and keep a copy of everything you send. That way you know exactly what has been said. Phone calls are normally useless as you end up talking to so many different people who don't always do their jobs properly.

Don't be frightened of bullying tactics. It really will come right in the end. Cos remember it won't last forever there is always light at the end of the tunnel.

Right waffling over. Hope it helps though!

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