DMP Mutual Support Thread - Part 12

sourcrates · 5 June 2017 at 8:58PM

mica2 wrote: »

Hello,
I'm back after a couple months break. I am into my DMP now and feeling goodish apart from nuisance calls and texts from Lloyds, but I looked on the SC website and they suggest sending one of their template letters to tell them to bog off.
Anyway, I found an advert yesterday by nationaldebtline.org asking if I might be accepted for most of my debts to be written off by a government scheme? I feel a bit naive about this so am worried I'm going down a dodgy path. The reckon I could cut my debt by £13k, I currently owe £19k. The IVA company have been constantly calling me to discuss today but as they've been so pesistant it's got my back up as they seem desperate. Is this something I should look into? If so what is the catch as it sounds to good to be true!

An IVA is one of the debt solutions laid down in statute by parliament.

They can work for some people but you really should do your research first, as they are not always the best solution.

They are keen to get your business because they can make a lot of money from an IVA, if you are 19k in debt, would you meet the criteria for a debt relief order instead?

mica2 · 5 June 2017 at 9:02PM

sourcrates wrote: »

An IVA is one of the debt solutions laid down in statute by parliament.

They can work for some people but you really should do your research first, as they are not always the best solution.

They are keen to get your business because they can make a lot of money from an IVA, if you are 19k in debt, would you meet the criteria for a debt relief order instead?

I'm not sure, SC haven't given me a choice of other options

I'll look into it. Thanks!

[Deleted User] · 5 June 2017 at 9:04PM

sourcrates wrote: »

PRA group.

They are legally obligated to pass the request to the original creditor, it also has the benefit of informing them of your intentions, so that they will put accounts "on hold" until the requests have been complied with.

I sent a CCA request to Wescot concerning my Mint CC debt that they are managing. They returned my PO and told me to resend the request to RBS who are responsible for the Mint card. I thought that was odd as none of the others did that but passed on the requests to the original creditors themselves.

sourcrates · 5 June 2017 at 9:09PM

carbootcrazy wrote: »

I sent a CCA request to Wescot concerning my Mint CC debt that they are managing. They returned my PO and told me to resend the request to RBS who are responsible for the Mint card. I thought that was odd as none of the others did that but passed on the requests to the original creditors themselves.

They were just been lazy car boot,

It's written in the consumer credit act that any third party who is managing or has bought a debt, must forward your request on to the original creditor.

[Deleted User] · 5 June 2017 at 9:12PM

sourcrates wrote: »

They were just been lazy car boot,

It's written in the consumer credit act that any third party who is managing or has bought a debt, must forward your request on to the original creditor.

Thanks, I thought they were being lazy too. Or else using delaying tactics;)

January2015 · 5 June 2017 at 10:19PM

Hi everyone

Apologies that I haven't been around much lately - life has interrupted. I'm likely not to be around much until at least towards the end of June.

Thank you CBC and motivated for the messages checking I'm okay

Hope you are all doing well - I haven't even had chance to read and catch up on all your progess and meet new members.

Take care - and never fear.....in the words of Arnie.... I'll be back

Max_and_sasha · 6 June 2017 at 7:50AM

Hi car boot crazy

Westcot did exactly the same thing with me, so when they come asking for payment I will tell i am only dealing with rbs as they don't hold any paperwork to collect the debt, if anything that should annoy them a bit as they cost me another 2 cca requests and 2 postal orders ,

Max

Sazzie23 · 6 June 2017 at 9:43AM

January2015 wrote: »

Hi everyone

Apologies that I haven't been around much lately - life has interrupted. I'm likely not to be around much until at least towards the end of June.

Thank you CBC and motivated for the messages checking I'm okay

Hope you are all doing well - I haven't even had chance to read and catch up on all your progess and meet new members.

Take care - and never fear.....in the words of Arnie.... I'll be back

This thread is just amazing. And thanks to everyone for questions, replies and support, I love you all. :beer:

Stay safe.

Saz

Billy12345 · 6 June 2017 at 10:13AM

Billy12345 wrote: »

Hi all,

Wondering whether someone can give me a bit of advice what to do with the I&E statement for my credit card. I am attempting to self manage this one oooeerr. I am concerned the I&E statement will show I can pay more but I want them to default. What do i do :eek:

Billy12345 wrote: »

Hi all

Quick update from me. DMP plodding along nicely with Stepchange but I never told them about a Cap One Credit Card as I was going on holiday and needed a card for a swipe for car hire (nothing was ever taken but Alamo said they needed a credit card) the holiday was paid before the DMP so I thought why not go.

Anyway following the great advice on here I decided to self manage the Cap One debt whilst my DMP with stepchange plods along (I was scared of rocking the boat with SC to be honest).:eek:

I used the standard NEDCAB letter telling them I was in financial difficulty with a slight amendment and they have now written back (only took them six weeks lol).

They are asking for the I&E form which I am completing but they want bank statement and proof I am in difficulty....yeah right...they are getting the I&E form and a letter using the NEDCAB website and thats their lot. I am going to ask their bank details so I can set up a standing order, is that the right thing to do.

I was thinking of £1 payments for six months to get them to default quicker. What will they do if I send the I&E form but do not make any payments, will they default quicker or what else can they do ? They I&E form shows I can make higher payments and I am worried they will reject the token payments once they read the I&E.....help:eek::eek:

Hi all, appreciate everyone is busy and posts get missed but can anyone advise what a creditor will do if I send an i&e statement in saying I can pay xxx amount and then a letter saying I am only paying £1 a month for six months.

Help :eek:

sourcrates · 6 June 2017 at 10:51AM

Billy12345 wrote: »

Hi all, appreciate everyone is busy and posts get missed but can anyone advise what a creditor will do if I send an i&e statement in saying I can pay xxx amount and then a letter saying I am only paying £1 a month for six months.

Help :eek:

Don't send the form bill, just make your token payments for now.

Your under no obligation to fill in any forms for anyone.

Assume your after the default ?

Just make token payments until that happens.

DMP Mutual Support Thread - Part 12

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