DMP Mutual Support Thread (Part 5)

Barney_McGrew

Cheers folks.

icecube2009

I started my DMP this month, 3 have accepted the payments, but having problems with Lloyds & Egg

I had a letter from lloyds (re overdraft of £250 on our joint account, wish I had managed to pay it offnow )
Says I am over the agreed overdraft (because they keep adding on charges) and they can now charge me a charge of £15 up to 10 ...YES TEN!... times in a month!! can they really do this???

Egg have also added on over £80 interest this month on my loan, although it is £6k, so a heck of a lot more than the LLoyds overdraft.

geoffmr1

leese2504 wrote: »

Hiya thanks for your reply, I have been getting some advice off 10past6 ( all helpful as usual ) nothing has happened off Northernrock as yet but they are known as being agressive so I am trying to be proactive with them, I am sending them a SAR tomorrow as the debt was taken out in prior to 2007 hopefully will get them to back off for a while. But I have a feeling they will try for a CO although I have 3 Youngs kids ( 2 being under 5 ) so hopefully I would be able to prevent a force sale

It's highly unlikely any creditor would be able to force a sale. I have spoken to numerous debt organisations & even the Judge at the case management conference when I went up against HFC, they have all said the same thing. The only time it's likely that a creditor would be able to force a sale is if the debtor is one of those people that just doesn't care, meaning they don't pay the CCJ & completely disregard the Judge etc. Some creditors do try & threaten it but they know they stand no chance, it's really just security for them incase you do sell up or remortgage.

One thing I have seen recently (I'll post the link up later if I can find it again) which is quite concerning is that because of the amount of creditors now turning to charging orders they may make a rule that if you have a CCJ against you then that creditor can automatically gain a CO by just applying to the courts, rather than taking up more court time having to fight for it.

Eupho

Hellooo everyone :wave:

I'm about to attempt my first Full and Final settlement.. :eek::rotfl:

Bit cheeky I know considering my DMP isn't even up and running yet. haha! (tho token payments are being made)

It's not one of my giant debts.. its my smallest actually.. But while I (now) have the money to pay it (thanks Ebay!).. I thought I would pay it off.
Sooo.. I may as well take a leap and offer them a bit less and see what they say. (im only actually in arrears with them by £7 ~ so far) :rotfl:

Anyhooo.. worth a try.. if you dont ask you dont get do you? .. If they say nope.. I will actually pay it off anyway.. One less creditor phoning/writing/hassling. :T

(its Barclaycard Cash back card btw ~ Formally my Morgan Stanley card)

scouselad1974

Hi Everyone

I have just received my DMP Agreement from CCCS via Business Debtline who helped me to work out my budget. Anyway they are asking for proof of income and a copy of the last letter that I received from each creditor included in the plan.
I am self employed and need to know what CCCS will accept as proof of my income, I do my own accounts and complete my tax return online, do you think it will be ok to return a copy of my own accounts ?

Also I don't have letters from all of my creditors, so will it be ok to return statements instead?

thanks in advance

ianmak

Evening all! How is everyone? I've had a very stressful day today having to sort all our systems out at work after a powercut, AND I've got to work tomorrow. Still, it's all money.

Anyhoo, a big welcome to gaztop26. Your number is: 316.

Bigdi

Hi everyone, just plucked up the courage to tackle my cc charges and need some advice on who to contact if the debt has been passed to a DCA. Also, who repays the charges in the end? Anyone had any experience of this rattling any cages? Not that I'm bothered............

leese2504

geoffmr1 wrote: »

It's highly unlikely any creditor would be able to force a sale. I have spoken to numerous debt organisations & even the Judge at the case management conference when I went up against HFC, they have all said the same thing. The only time it's likely that a creditor would be able to force a sale is if the debtor is one of those people that just doesn't care, meaning they don't pay the CCJ & completely disregard the Judge etc. Some creditors do try & threaten it but they know they stand no chance, it's really just security for them incase you do sell up or remortgage.

One thing I have seen recently (I'll post the link up later if I can find it again) which is quite concerning is that because of the amount of creditors now turning to charging orders they may make a rule that if you have a CCJ against you then that creditor

can automatically gain a CO by just applying to the courts, rather than taking up more court time having to fight for it.

Hiya Geoffmr1, thanks for your reply, I thought i read somewhere that they are cracking down on the amount of CO being issued? I certainly dont want to move and defo no equity to remortgage anyway, so am not overly bothered if they secure on my house as long as i can have the chance to request " no force sale " You have certainly put my mind at rest and I will send off a SAR with NR just to be on the safe side. x

maz1964

Eupho wrote: »

Helloooooo :wave:

Ohh I am SUCH a dummy..

What does that mean in Eupho Speak? :rotfl:
(I really AM a dummy

I thought I wanted them to default me.. (I don't care about the credit file 'mark'.. it is the least of my worries) I thought the faster they default me the better.. getting interest/charges stopped etc etc?

I wasn't intending on paying the default amount..

.. have I got that wrong then? .. :undecided

hiya Eupho

sorry for my delay just seen your reply today

what i was trying to say simply is that im finding that the creditors are at times not adherearing to the letter of the law with default notices,,if they are not in the right format and not giving you clear 14 days to remedy you could challenge them after they have terminated the contract that they have kind of slipped up with the default notice and once terminated they cannot no longer rely on the cca act 1974 and request full balance only the arrears at the time of the dn,,,, ive had say a dn which arrived some 7 days later but from the date of the dn to the remedy date only gave me 14 days thus i would have had to receive the dn on the date the letter was created....see what im getting at ,,,,

so yes they default you but you can challenge have they done it legally too.....

im still learning all this but the cag site does give lots of cases they have been won in court,,,, but its only if you want to go down that route

good luck and keep on doing what is best for you and your family

cheers maz

maz1964

geoffmr1 wrote: »

It's highly unlikely any creditor would be able to force a sale. I have spoken to numerous debt organisations & even the Judge at the case management conference when I went up against HFC, they have all said the same thing. The only time it's likely that a creditor would be able to force a sale is if the debtor is one of those people that just doesn't care, meaning they don't pay the CCJ & completely disregard the Judge etc. Some creditors do try & threaten it but they know they stand no chance, it's really just security for them incase you do sell up or remortgage.

One thing I have seen recently (I'll post the link up later if I can find it again) which is quite concerning is that because of the amount of creditors now turning to charging orders they may make a rule that if you have a CCJ against you then that creditor can automatically gain a CO by just applying to the courts, rather than taking up more court time having to fight for it.

hiya yes pls to that link

i wrote to my MP about this charging order fiasco and i got a letter back from jack straw team that the government understood about the charging orders and no plans to have it legalised at the moment,,, but that was a few months ago too

but a joint mortgage can be defended by the other party not owing the debt,,,, its something im trying to gain knowledge on

will keep you all updated

cheers maz