Without a paddle... support for anyone starting a DMP in 2010 (part2)

Professor_Pat_Pending

mikon wrote: »

Good News Today

CITI rang today "can you pay £86.00 today, sorry I can't well i am going to default you and this will have an impact on your credit rating" ok. How long are you going to be in financial difficulties my reply I do not know how long will the global recession last? alternatively how long will it be before BP cap the oil leak. His reply i don't know my response exactly.

You have my SOA and an offer has been made to you by the way are you accepting the offer made Yes we are but I had to ring and try and get a payment out of you. Sorry no can do but thank you for accepting the offer. Anything else No goodbye then.

On the face of it the guy was ok and I guess he only has a job to do.

Regards

Good news Mikon :T, but this sums up my feelings re. different depts not communicating and that ultimately they will try anything to get money out of you. Imagine if you were vulnerable, then they may have scared you into paying them an amount you could scarcely afford.

Professor_Pat_Pending

jeddy5 wrote: »

I was over on my Halifax account and they accepted but the amount owing was small. The only trouble is that when you are over they could add interest and before you know it you are in arrears even though you are paying monthly on your DMP.
It's a problem I am having with my HSBC Credit card account (posted above) I have to bring it below the agreed credit limit or they will terminate the account and take further action.

As far as I'm aware it shouldn't matter at all, they will charge you for being over the limit, but only up until you start the DMP. PP

jeddy5

Professor_Pat_Pending wrote: »

As far as I'm aware it shouldn't matter at all, they will charge you for being over the limit, but only up until you start the DMP. PP

They are still charging me for being over the limit and I've been on mt DMP since April hence me worrying about a default letter today. I'm going to phone PayPlan tomorrow.

mamajojo

jeddy5 wrote: »

Just got a default letter from HSBC :mad:
It requires me to make a minimum payment in respect of each statement I have received by failing to make minimum payments. (I pay less than the min amount on my DMP) If I clear the overdue amount (£368) by June 25th no further action will be taken. If I don't pay then they will terminate the agreement and demand that (£368 and any interest) be paid immediately.

So what do you reckon DCA beckons or county court?

I'm a bit worried :eek:

Hi Jeddy - quick reply!
I've had the same letter - but my date was 10th June and my amount to be paid was £458.
They initally refused dmp proposal but did stop interest. I did not know this was for a period of 3 months (which I was told yesterday it was)
Statement I received yesterday had £100 interest on it so I phoned - very difficult to understand call but basically they seemed to say they would only accept a payment at 2.5% of the outsatnding debt to stop interest, so pretty much the minimum so helpful:mad:. I asked if that meant they would be passing me to DCA they said yes -I asked if that was their policy - they said yes, but I found it hard to understand them, I assume they had the same pobs with me so who knows.
Phoned CCCS after they said we just carry on sending the payments and hsbc usually pass to dca. So lets hope thats what happens as it seems to be a good thing! Will let you know how they choose to mangle me as I'm for the mangle first!

mikon

Professor_Pat_Pending wrote: »

Good news Mikon :T, but this sums up my feelings re. different depts not communicating and that ultimately they will try anything to get money out of you. Imagine if you were vulnerable, then they may have scared you into paying them an amount you could scarcely afford.

Professor PP

My sentiments exactly. I just wonder how many people break at this point or at the point of receiving a default notice. Its all about stain power and being able to stand your ground. They cannot have what you haven't got.

At least they replied.

Thanks for the response Professor PP.

Regards

jeddy5

mamajojo wrote: »

Hi Jeddy - quick reply!
I've had the same letter - but my date was 10th June and my amount to be paid was £458.
They initally refused dmp proposal but did stop interest. I did not know this was for a period of 3 months (which I was told yesterday it was)
Statement I received yesterday had £100 interest on it so I phoned - very difficult to understand call but basically they seemed to say they would only accept a payment at 2.5% of the outsatnding debt to stop interest, so pretty much the minimum so helpful:mad:. I asked if that meant they would be passing me to DCA they said yes -I asked if that was their policy - they said yes, but I found it hard to understand them, I assume they had the same pobs with me so who knows.
Phoned CCCS after they said we just carry on sending the payments and hsbc usually pass to dca. So lets hope thats what happens as it seems to be a good thing! Will let you know how they choose to mangle me as I'm for the mangle first!

Hi mamajoe!
I'll phone PP to tell them tomorrow but the bit that worries me is that the letter says:
"If you have difficulty in paying any sum owing under this agreement or taking any other action required by this notice, you can apply to the court which may make an order allowing you or any surety more time"

Did you get this as well?

I know they did say in the phone calls that they would accept £62 instead of £43 a month to stop interest but that's just scare tactics to squeeze every last amount out of me before going to a DCA I guess!

Cheers!:beer:

ljm23k

Evening all,

Could some tell me where the savings account with pots is? I am out of control with the little spending money I have:(

I had to go back to the outlet shopping centre I was at last week as I left a bag behind and accidently spent £40 in the Estee Lauder brands shop:eek:

:):(:):( That just about sums up the mood:rotfl:

mikon

jeddy5 wrote: »

Just got a default letter from HSBC :mad:
It requires me to make a minimum payment in respect of each statement I have received by failing to make minimum payments. (I pay less than the min amount on my DMP) If I clear the overdue amount (£368) by June 25th no further action will be taken. If I don't pay then they will terminate the agreement and demand that (£368 and any interest) be paid immediately.

So what do you reckon DCA beckons or county court?

I'm a bit worried :eek:

Jeddy5

I have had the same problem with Argos they accepted my DMP payment of £8 per month but then sent a Default Notice requesting £30 to clear the outstanding debt similar wording to yours. I rang them and was informed just ignore the Default Notice it is computer generated and we are legally required to send you it. My account is marked as DMP. The Default Notice will be registered with credit rating companies and prevent me from getting credit for 6yrs but who wants credit.

Try not to worry it is part of the process. Most companies who refuse the DMP offer will refer to DCA who will stop charges and freeze interest so it is to your advantage for it to go to DCA as for court they would not go down this route as the court would rule that you have made an offer and they would also have to produce as evidence the original Credit Agreement which may be unenforceable.

Remember they cannot have what you have not got and you are addressing your debt and being fair to all your creditors. Please try not to worry I know its easier said than done but I am speaking from experience and I can tell you it will get easier and you will learn how to play the game.

Try and have a good evening.

Regards

mikon

Hi everyone

In Recent days there seems to be alot of talk about Default Notices.

What I would like to start is a list of who has rec'd a Default Notice from who and what action they took if any. It might help some people who receive their first Default Notice and ease there worries.

Here goes

Mikon 2 Default Notices

Argos - Accepted DMP contacted Argos ignore computer generated

Barclays Bank - Just filed no action taken.

Please add your experiences to help others.

ljm23k

mikon wrote: »

Hi everyone

In Recent days there seems to be alot of talk about Default Notices.

What I would like to start is a list of who has rec'd a Default Notice from who and what action they took if any. It might help some people who receive their first Default Notice and ease there worries.

Here goes

Mikon 2 Default Notices

Argos - Accepted DMP contacted Argos ignore computer generated

Barclays Bank - Just filed no action taken.

Please add your experiences to help others.

Mikon, you're so organised!

I think I have one from Cap1 and maybe another one or two but they are all in a plastic bag stuffed in the back of a cupboard and wrapped in a dressing gown:rotfl::rotfl::rotfl: