First post. Newbie. On a DMP but debt being sold to and new charges added

hums60

Hi i am on a DMP with Debtcare
I know stupid straight away but didn't know about the free ones untill recently viewing this site
I have been on it for approx 6 months payment £223 month for £30k debt with CC's and £10k Debt with Catalogues
First months payment was a fee and 2nd month 1/2 of it is a backout fee
Charging about £40 month fee so approx £180 going towards debts
So have been paying the DMP and some of the creditors have accepted the arrangements and stopped charging interest etc
Some have not however and 1 has recently passed the debt to Westcot debt collectors who have now added some charges to the balance £200 and are threatening court action (Phone calls 2-3 times a day)
What i would like to know is if my debt is just going to be sold on to new debt collectors and more fees added, what's the point being on a DMP when the debt is just going to go up rather than down.
Thanks
Newbie

RAS

What have westcot added charges for as this seems irregular? What sort of debt is it? And when did you open the account?

hums60

Hi they have added it for legal expenses
The debt was for a Halifax CC that i have had for approx 2 years
Also have just received a letter from a solicitors that are dealing for Westcot
Thanks

RAS

Did you get a default notice from the Halifax?

hums60

Hi i am not sure
I remember having letters threatening defaults from various creditors but am not sure if any actually have
All letters were forwarded to Debtcare
Thanks

RAS

Hi

You really do need to start by contacting one of the debt charities and shifting that DMP, then demand the paperwork back.

http://www.moneysavingexpert.com/loans/debt-help-plan#help

hums60

I know
I am going to contact one on my next day off
Thanks

RAS

if the card was taken out after April 2007, there is less cover than of ald and most main stream lenders had their act together before that.

There is a chance the default letter is faulty, so you need to get that back.

scouselad1974

hums60 wrote: »

Hi i am on a DMP with Debtcare
I know stupid straight away but didn't know about the free ones untill recently viewing this site
I have been on it for approx 6 months payment £223 month for £30k debt with CC's and £10k Debt with Catalogues
First months payment was a fee and 2nd month 1/2 of it is a backout fee
Charging about £40 month fee so approx £180 going towards debts
So have been paying the DMP and some of the creditors have accepted the arrangements and stopped charging interest etc
Some have not however and 1 has recently passed the debt to Westcot debt collectors who have now added some charges to the balance £200 and are threatening court action (Phone calls 2-3 times a day)
What i would like to know is if my debt is just going to be sold on to new debt collectors and more fees added, what's the point being on a DMP when the debt is just going to go up rather than down.
Thanks
Newbie

I know what you mean regarding the interest and added charges, a couple of my creditors have charged me an arrangement fee and some still continue to add interest that is double my minimum payment.

Can you get out of the plan you are currently in and switch to a free service, at least you will be throwing aother £40 a month towards your debt. Have you tried writing to your creditors and asking them to reconsider their decision regarding freezing interest and charges, I have done but I'm still to hear of their reply.

hums60

Hi yes i'm sure i can get out of the DMP
But i loose 1/2 of the 2nd month payment
But better in the long time i know
I haven't had any contact with my creditors as was advised to let debtcare deal with everything
But they don't phone debtcare do they they phone me ?
So i don't know
Thanks

hums60

RAS wrote: »

if the card was taken out after April 2007, there is less cover than of ald and most main stream lenders had their act together before that.

There is a chance the default letter is faulty, so you need to get that back.

Hi RAS

What do you mean the default letter could be faulty
What implications would that have for me
Thanks