CCCS will lenders accept proposals

simond503

Hi I have filled out the online assesment on the cccs website and gone for a DMP. I have recieved the info back from them and now they await my reply with proof of earnings etc allowing them to contact the lenders on my behalf with the repayment proposals. this is fantastic news but I am so afraid will the lenders agree to this nat west have already said they will put a chage on my house. please help

JES_F1

Hello :wave:

This is likely to be just a scare tactic from Nat West to make you pay more.

As an example, before my DMP kicked in, Nationwide told me over the phone (when chasing for payment) that they would get a charging order but have not yet done so, though they have been my most difficult creditor to deal with.

If you are worried about Nat West (or any other creditors) getting a charging order, do read the factsheet on the National Debtline's web site:

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=15_charging_orders_in_the_county_court

Don't let Nat West's likely scare tactics put you off doing the DMP with the CCCS. For me, it's the best thing I could have ever done. Yes, the first couple of months are a bit grim while it settles down but after that, I've hardly heard a peep out of my creditors. Though I've had a bit of grief from Nationwide, all others have accepted my DMP for a year at a time, when it's reviewed - I've now been on my DMP for 18 months and all is going really well.

Starting a DMP should also work in your favour if any creditors do go for a CCJ and then a charging order. At court, you will be able to show that you're working at repaying your debts and can show that you can't afford any more, etc.

Hope that helps - and good luck!

simond503

Thankyou very much that has eased some of my worry its a very stressful experience trying to know what to do for the best once again thanks. simon. also good luck with your own situation