DMP Mutual Support Thread - Part 12

kram · 6 January 2018 at 3:56PM

kram wrote: »

Thanks for the tips, I was considering the self manged route & cca's etc but the only thing that is stopping me is that I'm due to renew my mortgage next year & did not want to cause any problems with the renewal. Am I being over cautious about this.

K

Anyone got thoughts or opinions on this please. :j

Tia

sourcrates · 6 January 2018 at 4:09PM

kram wrote: »

Anyone got thoughts or opinions on this please. :j

Tia

Renewing your mortgage with an existing lender should not be a problem, as far as i am aware, they do not perform a credit check on customers who renew their mortgage..

Going self managed is entirely, up to you and wont affect anything, likewise sending CCA requests is your right under sec 77/79 CCA 1978, and again, has no bearing on anything else.

kram · 6 January 2018 at 4:38PM

sourcrates wrote: »

Renewing your mortgage with an existing lender should not be a problem, as far as i am aware, they do not perform a credit check on customers who renew their mortgage..

Going self managed is entirely, up to you and wont affect anything, likewise sending CCA requests is your right under sec 77/79 CCA 1978, and again, has no bearing on anything else.

Thanks for clarifying that for me.

I am going to read through the previous thread & have a good look around the nedcab site do you recommend anything else to look at re going self managed.

January2015 · 6 January 2018 at 6:36PM

kram wrote: »

I also received the PRA letter saying they have bought the debt from Barclaycard last month, mine defaulted in april. Yesterday I called SC to update them of the change & the advisor said that they were getting PRA Barclaycard enquies on every other call?

I'll be watching out for letters from PRA/BC if they are bulk selling off to PRA at the moment

Mind you, despite the pain in the rear interest that we had to fight and the pain in the rear dispute over default date - BC did eventually roll over and have been quite decent ever since, especially about token payments - they have never moaned at us once.

hign10pines · 6 January 2018 at 9:30PM

Anyone had to deal with Natwest? Do they like to add charges to their loans & overdrafts so far all I've had is the monthly interest added to the loan.

Littlebigmoose · 6 January 2018 at 10:30PM

Hello again, I want to send letters to all my creditors to tell them my situation has changed and I can’t pay anything for the next 6 months. However I also want to send CCA requests to half of them as well as letters to some to ask them to default me. What order do you recommend I send them? Does it matter if i send all 3 letters at the same time?

Enough17 · 7 January 2018 at 12:08PM

I posted yesterday and not received any replied yet. Just not sure if posting in the right place?

We too have now received letters from PRA re mbna cc debts.

Getting worried I will get a charge on property. Spent yesterday getting numbers together to submit to step change. Just really want reassurance this is best course of action. Had no contact with dca's or made any payments in 10 months. Just want to get it sorted now.
50k debt - all unsecured
Mortgage - approx 90k

Can they put charge on property?
Thanks for reading.

motivated · 7 January 2018 at 12:12PM

Hi Enough

I can’t comment on the property charge as I don’t know anything about that. Hang around and someone with experience will be along to advise you.

I’ve sent my letters of offers with my I&E to PRA regarding our MBNA accounts. Will wait and see what their response will be.
M

January2015 · 7 January 2018 at 5:26PM

Enough17 wrote: »

I posted yesterday and not received any replied yet. Just not sure if posting in the right place?

We too have now received letters from PRA re mbna cc debts.

Getting worried I will get a charge on property. Spent yesterday getting numbers together to submit to step change. Just really want reassurance this is best course of action. Had no contact with dca's or made any payments in 10 months. Just want to get it sorted now.
50k debt - all unsecured
Mortgage - approx 90k

Can they put charge on property?
Thanks for reading.

Hi

I can't comment on property charges - what I can comment on is that I had £95k unsecured debt, and we have approx £250k equity in our property. We have been slogging away at our debts for 3 years. 2 of those years have been token payments. Not one single creditor has even mentioned securing a charge on our property.

My advice is keep communicating with your creditors and, from my experience, they are fine. I personally have not, and am still not, worrying about any of my unsecured debts being charged against my home.

Start the ball rolling with SC and sit back and don't worry until you find you need to worry. It will likely never happen - seriously.

January2015 · 7 January 2018 at 5:31PM

Littlebigmoose wrote: »

Hello again, I want to send letters to all my creditors to tell them my situation has changed and I can’t pay anything for the next 6 months. However I also want to send CCA requests to half of them as well as letters to some to ask them to default me. What order do you recommend I send them? Does it matter if i send all 3 letters at the same time?

I would put it all in a single letter

Write and advise you cannot afford to pay anything for 6 months, but you are committed to paying off your debts and in order to support you, you formally request the account(s) are defaulted as promptly as possible. Make it clear you realise the impact this will have on your credit reference files, but you also have not taken the decision to enter a DMP lightly. Finally, just put that in order to ensure all your records for the account (s) are up to date you are also making a CCA request (use the correct wording which you can find on this site - sorry, don't have time to locate the link for you right now).

Hope this helps :beer:

DMP Mutual Support Thread - Part 12

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