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asterion_2

I have just made my first DMP payment to CCCS. This morning I got a letter in the post from MBNA advising me that they cannot accept my reduced £22 payment and telling me that I should increase this to £42 in order to avoid a default. As my standard payment was around £70, I think they are being completely unreasonable. Moreover after receiving my SOA from CCCS.

What shall I do? What are the consequences of a default? Would it mean they just pass the debt around to somebody else? Should they not be just happy they are getting more than a token payment from my DMP?

It would be unfair to give them any more money, which would need to come from my set-aside emergency, car maintenance or other necessities money (I may not need this every month but I need to budget it in for when I ever need as I would obviously not be able to depend on my old overdraft or CC as before)

monkeyintrouble

asterion wrote: »

I have just made my first DMP payment to CCCS. This morning I got a letter in the post from MBNA advising me that they cannot accept my reduced £22 payment and telling me that I should increase this to £42 in order to avoid a default. As my standard payment was around £70, I think they are being completely unreasonable. Moreover after receiving my SOA from CCCS.

What shall I do? What are the consequences of a default? Would it mean they just pass the debt around to somebody else? Should they not be just happy they are getting more than a token payment from my DMP?

It would be unfair to give them any more money, which would need to come from my set-aside emergency, car maintenance or other necessities money (I may not need this every month but I need to budget it in for when I ever need as I would obviously not be able to depend on my old overdraft or CC as before)

I had the same response from MBNA. I told them I only have the money available as listed on my SOA. If you treat them any different to any other creditors you may be risking your DMP with CCCS.
Im sure an advisor will be along soon to confirm this.

dealingwithit_2

Hi, I Have Been On A Dmp With Cccs Since Feb 07 And For The 1st Year Halifax Stopped Interest Which Was Brilliant, In Feb 08 I Had A Letter From Them Saying That My 12 Months Were Up And Interest Was Going To Be Reapplied, After 6 Months They Would Pass On Account Do Dca, Some 9 Months Later And They Havent Done This. After Viewing Other Posts Regarding Halifax, I Prepared A Letter Similar To Ones I Had Seen A Couple Of Months Ago To Send To Them Saying That They Were Putting Me Further Into Debt And Listing The Figures (my Debt Has Increased By Around 800, My Payment To Them Of 89 Is Only Half Of The Interest They Are Charging. On Saturday I Had A Letter From Them Indicating That I Am Still In Arrears And As A Result Of This May Receive A Call A Home From A Third Party Agent Which Will Result In A 22.33 Fee Being Applied To My Account. My Question Is, Do I Send The Letter To Them Showing How Much They Have Increased My Debt By Or Do I Leave It As The Letter To Me Looks Like The Are Going To Pass Debt On? I Did Discuss This With One Of The Cccs Guys On The Phone When I First Received Notification That Interest Was Going To Be Reapplied And They Told Me This Was Part Of The Course And The Debt Would Eventually Be Passed On. Thanks For Anybodys Comments And Suggestions.

CCCS_Sarah

kayleighj wrote: »

Hiya,
I have been off work sick, so I have not got the full amount of wages, for the past 4months work have paid me late, resulting in no money being in my account when direct debits go out, I have a overdraft facility of £1000, with being into it by £997.30, I have just changed my direct debits to later in the month, although this wont take affect until Jan.

I have been to the bank today to discuss my options. I cannot increase my overdraft as I have previously been over it, she said the only options are to take out a loan at 24.9% for 36months at £38 per month, or to take out a premier account at £25pm for the account, to get a 7.9% interest rate for a loan, I have moved back in with my mum to help get back in the black, and i believe i will be ok after 2 months of getting £700 which bills per month is £400 (or less) so i dont know what to do in the mean time until then?

Its also worth saying my current wages are salaried, £7900 pa with 3hours, £658 then tax deductions after that, i am currently looking for a new job

Could you please suggest anything other than a loan, or at least a cheaper loan.
Thanks

Hello,

The first thing I would suggest is to open a basic bank account at a bank where you have no debts, this will then mean that your money is safe, as your bank will not be able to access your money.

You need to make sure that the money you do have coming in covers your priority expenditure, this includes board, food etc. any cash you have left over, you can use to offer reduced payments to your unsecured debts.

I would suggest that you don’t sign any loan agreement, just make the reduced payments. As your situation starts to improve you can then look to increase your payments and then bring your accounts back up to date.

Sarah

CCCS_Sarah

jaja wrote: »

CCCS_Sarah wrote: »

Thanks Sarah
I missed this, the thread moves so fast.
Been to court and collected form today, will take back Monday. Still very scared.

jaja

Let us know how you get on

CCCS_Sarah

asterion wrote: »

I have just made my first DMP payment to CCCS. This morning I got a letter in the post from MBNA advising me that they cannot accept my reduced £22 payment and telling me that I should increase this to £42 in order to avoid a default. As my standard payment was around £70, I think they are being completely unreasonable. Moreover after receiving my SOA from CCCS.

What shall I do? What are the consequences of a default? Would it mean they just pass the debt around to somebody else? Should they not be just happy they are getting more than a token payment from my DMP?

It would be unfair to give them any more money, which would need to come from my set-aside emergency, car maintenance or other necessities money (I may not need this every month but I need to budget it in for when I ever need as I would obviously not be able to depend on my old overdraft or CC as before)

Don’t give them anymore; you need to just stick to the dmp payment. A default is nothing to be worried about; it is just a legal requirement that ends the contact between you and the creditor, so they could choose to pass the debt on to a collection agency.

If they do pass the debt on to a collection agency, just let the CCCS know and they will change who they are paying for you.

CCCS_Sarah

Tinkles wrote: »

Unfortunately no, the situation originally arose when I was made redundant and could no longer afford the payments.
I am in a much better financial situation now though and could make adequate monthly contributions, I'm just not sure where I stand after so long.

The finance company could pass the debt on to a collection agency, even if it is a Hire Purchase agreement.

The reason they might do this is because, if they were to sell the car at auction this may not cover the costs so they would benefit from trying to collect the full balance.

You maybe able to hand the car back once you have paid half of the agreement. As the car is old now if you were to hand it back, you would probably need to pay extra due to the current condition as there would be wear and tear. If you did not make many payments, this may not an option as there could be too many arrears on the account.

If you have paid less than a third of the agreement, the finance company can repossess at anytime and anything over a third they would need a court order.

As the car is that old I believe it would be very unlikely that they would be interested in the car, they would just want the money. Have you contacted the collection agency and tried to come to an arrangement, as they may accept a lower amount due to the age of the vehicle.

CCCS_Sarah

MONTY wrote: »

I have sent Cabot Finance who have purchased an old Credit Card Debt a request under the Consumer Credit Act to have a copy of my CCA with them and a statement with all my payments and their charges. They have come back to me a stated they are not obliged to provide this information, but they have requested a copy of the original agreement with the original lender. They also returned my £1:00 fee and did not send me a statement. Are they correct?

If Cabot have requested a copy from the creditor seems they are trying to get this information for you. I would advise you to wait and see what the original creditor comes back with.

CCCS_Sarah

dealingwithit wrote: »

Hi, I Have Been On A Dmp With Cccs Since Feb 07 And For The 1st Year Halifax Stopped Interest Which Was Brilliant, In Feb 08 I Had A Letter From Them Saying That My 12 Months Were Up And Interest Was Going To Be Reapplied, After 6 Months They Would Pass On Account Do Dca, Some 9 Months Later And They Havent Done This. After Viewing Other Posts Regarding Halifax, I Prepared A Letter Similar To Ones I Had Seen A Couple Of Months Ago To Send To Them Saying That They Were Putting Me Further Into Debt And Listing The Figures (my Debt Has Increased By Around 800, My Payment To Them Of 89 Is Only Half Of The Interest They Are Charging. On Saturday I Had A Letter From Them Indicating That I Am Still In Arrears And As A Result Of This May Receive A Call A Home From A Third Party Agent Which Will Result In A 22.33 Fee Being Applied To My Account. My Question Is, Do I Send The Letter To Them Showing How Much They Have Increased My Debt By Or Do I Leave It As The Letter To Me Looks Like The Are Going To Pass Debt On? I Did Discuss This With One Of The Cccs Guys On The Phone When I First Received Notification That Interest Was Going To Be Reapplied And They Told Me This Was Part Of The Course And The Debt Would Eventually Be Passed On. Thanks For Anybodys Comments And Suggestions.

There would be no harm in sending them a letter highlighting that they are charging more interest then what you are paying. Have you had a review of your account with the CCCS? If not I would advise you to give our client support department a call ASAP and then they can get a new budget out to them as this may help.

determinedtodothis

I've PM'd you guys please can you take a look i don't know what to do