Letter to my creditors, call from my DMC. Worrying!!

beanielou

Hope you get a good result-keep us posted BL

Toto

Good luck, I hope you get a quick settlement. Let us know how you get on.

It_seem_like_a_good_ides

As mentioned above it does seem a good idea to prompt them to act by saying that the offer will only be available for a limited time. This made me think however would it be worth including in the letter something along the lines of

Due to a change in personnel circumstances I am now in a situation where I will be leaving the UK for the foreseeable future, I would like however to clear my outstanding debts prior to leaving, so that should I wish to return in the future I will have no further complications. At present a family member is willing to provide me with some financial help in achieving this goal, but is not is a situation to provide the whole amount blah blah blah….

Or is that laying it on a bit thick?

Beaded_Lady

I sent the letters off to my 4 creditors off last night...

BUT I have just recieved a call from my DMC to give me my current debt figures, which will be posted to me soon, I was then told it was important that I did NOT contact my creditors as I would be unable to get a reduced settlement from the DMC if I did.

Now the worry has set in, have I done something wrong?
(I dont think I have but I need some reassurance)

Beaded_Lady

Beaded_Lady wrote:

I sent the letters off to my 4 creditors off last night...

BUT I have just recieved a call from my DMC to give me my current debt figures, which will be posted to me soon, I was then told it was important that I did NOT contact my creditors as I would be unable to get a reduced settlement from the DMC if I did.

Now the worry has set in, have I done something wrong?
(I dont think I have but I need some reassurance)

Apologies for bumping this but I am a tad worried right now.

tru

Who is your DMC? Not that it makes any difference, I'm just being nosey

I used Debtcall and they would tell me not to contact creditors direct but to go through them. I reckon it's because they don't want you to pay it off - the quicker you pay it off, the less fees they get (£31.50 per month in my case). I soon got peed off with them, cancelled the DD to them and contacted the companies myself - most were better to deal than Debtcall ever were :rolleyes:

Beaded_Lady

Thanks for helping to put my mind at ease, still a little worried but not quite so much.

milliejon

Beaded_Lady wrote:

I sent the letters off to my 4 creditors off last night...

BUT I have just recieved a call from my DMC to give me my current debt figures, which will be posted to me soon, I was then told it was important that I did NOT contact my creditors as I would be unable to get a reduced settlement from the DMC if I did.

Now the worry has set in, have I done something wrong?
(I dont think I have but I need some reassurance)

I'm not quite sure I understand what they mean. I assume that they would write to the creditors and get a reduced settlement from them (as they would give you), and then the DMC would add a bit for themselves! I agree with Troo, I suspect they're trying this on to get more money out of you for themselves.

Have you cancelled with the DMC yet?

I'm sorry if I've got the wrong end of the stick, but at least I've bumped the thread.

Beaded_Lady

milliejon wrote:

I'm not quite sure I understand what they mean. I assume that they would write to the creditors and get a reduced settlement from them (as they would give you), and then the DMC would add a bit for themselves! I agree with Troo, I suspect they're trying this on to get more money out of you for themselves.

Have you cancelled with the DMC yet?

I'm sorry if I've got the wrong end of the stick, but at least I've bumped the thread.

I havent cancelled as yet, as I am waiting for replies back from my creditors and as I do not want to run the risk of defaulting on my 'start of month' payments.

milliejon

Good move. I understand now. I hadn't realised that you'd only just started with the DMC.

I hope today has been kind to you.