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At my wits end with Halifax......UPDATED (and advice wanted)
Comments
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Thanks for that Mags
It's so frustrating arghh!!
I know CCCS have to be neutral but I think if you wat to take a creditor off the DMP becuase they are not playing ball then you should be allowed to do it.
I was like 'well how long should we keep paying for then'? Another month? 6 months? and how big is our debt going to be then?I thought the whole point of going on a DMP was to show you cannot pay anymore so why keep kicking someone when they are down by adding interest whether its reduced or not?
It reallyt shouldn't be allowed especially now we have all woke up to the crazy amounts of interest we have paid over the years to them anyway. Are creditors making it difficult for people like us who are struggling to pay so we feel we have no choice but to go for bankruptcy? If so then just write the debt off so we can all get on with our lives with NO credit!
I think when you start out on your debt free journey you need people like CCCS to set you up because you are scared of it all, now its like you only want to see your debt reduce, it feels dirty, you want rid as soon as but then creditors do this????
Who is to say all of the creditors will do this? Then what do we do? continue to pay CCCS even though your debt is actually increasing, when do we say enough is enough?DMP support thread member 211 :cool:I'm only here to get some medals......honest!0 -
Oh toffee, i'm so sorry CCCS didn't wouldn't help, for you and me both actually because it looks like I'm going to get the same answer then
Pants......don't know what to do now. I was pinning my hopes on CCCS letting me pay just one month of a token payment to Halifax, from what the advisor said that's all it will take to get this sorted.
I am slightly reluctant to take over my own DMP because when I was looking through the letters I've had from all my creditors over the weekend I noticed that MBNA said they would only stop the interest for 12 months, but it's been 2 years now and it's still at 0% if I rock the boat they might notice and start charging me again.
It's so hard to know whats the right thing to do0 -
it makes you mad
your paying your debt back and they are whacking on interest so as you say its going nowhere the debt is getting bigger than smaller and youve just to smile and say oh right as when it goes to DCA interest stops well you know if thats the case the wave the arrears cos they are cripiling us
:mad:
im not allowed to move one creditor as you cant seen to be treating one different from the others so its either all in or all out
anyways i better hit the sack i was in bed but couldnt sleep
will be dead on ma feet tomorrow at work
talk to you all laters
xx:mad: sometimes my debt panics me..... EVEN after 4 years or so.
I will be free in less than three years with a trust deed - my only option as debt management was taking too long0 -
I think what it is Looby is CCCS have to be seen to be neutral, their payment system is worked on a pro rata basis (no I don't get it either
) but it means on paper every creditor is getting treated equally and the monthly payment is getting shared out equally depending on debt size.
Right I get that part but my arguement is I don't think Halifax is treating us fair, all but one of our creditors have stopped interest and now there will be 2 charging us every month.
I don't think continuing to pay the 2 creditors who charge interest every month should get some if all the others have frozen it or stopped completely.
I would rather pay more to the creditors who look like they actually want to help us rather than sit there laughing in our faces.
I'm starting to think that taking it on myself would be the only way to really get debt free quicker. The ones who are charging interest will get token payment or nothing forcing them to pass it on, the others will just get the same as CCCS recommended until circumstances change.
Its just do you go this way or stay where you are?(if that makes sense?) I don't know what to do for the best I just don't want the hassle of creditors badgering on wanting more because now we have been with CCCS it seems like the debt is not as bad, the payment is just like another direct debit coming out of your bank.
I just don't like the feeling of being ripped off you know, it feels like they are laughing at us, we already feel down and trying to pay everything back by budgeting and changing lifestyle to what we were used to living on credit but it just seems sometimes you are getting nowhere sometimes doesn't it?.DMP support thread member 211 :cool:I'm only here to get some medals......honest!0 -
yet again I'm with you 100% on this and you echo my thoughts entirely.
My sister is a mortgage advisor and through her work she's had "warnings" about a small but growing group of companies who's sole purpose is to help people avoid their debts by finding small illegal inconsistencies in the original credit agreements.
Now thats not something I would consider as I'm lucky because most of my creditors have been understanding and helpful. I want to pay them back as soon as I can BUT I can understand why someone with multiple unreasonable creditors would go to a co like that for help.0 -
I totally agree with you as well toffee
Up till now my 2 creditors have been understanding as well BUT i dont get all this yes we know they are in trouble and yes we will help blah blah blah and then a year later they are laughing in your face cos they are whacking the interest back. In April 2008 i nearly died when i saw my statement all my hard work over a year was up the pole so to speak:mad: sometimes my debt panics me..... EVEN after 4 years or so.
I will be free in less than three years with a trust deed - my only option as debt management was taking too long0 -
it really does make you wonder why you bother doesn't it
Well I phoned cccs and as expected they said they can't drop the payment to Halifax, not even for just one month
Not sure what I'm going to do now, will have to think it all through.0 -
i dont know what to suggest how long would it take you to go over the £5 odd you need to go to debt collector if it isnt long maybe its worth sticking with it.:mad: sometimes my debt panics me..... EVEN after 4 years or so.
I will be free in less than three years with a trust deed - my only option as debt management was taking too long0 -
tbh I don't know, I didn't ask as I thought I had the answer to the problem by getting cccs to stop payment to them for one month. I can't imagine that it would take more than a couple of months though.0
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Toffee_Penny wrote: »So I have decided I will write to Halifax to explain if they continue to charge reduce rate of interest then I will have to reconsider the offer of payment as my debt will increase and will never pay debt off.
It will be handled by a different department, once you receive the reply, if they refuse to co-operate report them under OFT guidelines on unfair business practice when dealing with debt customers.
It may work, it may not work, but you have nothing to lose by trying.Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.
All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional0
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