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

pure_dead_dopey

bumty bump

we were on page 300 or something, thought we needed a wee bump, hope everyone is OK
don't tell me the incorporator got you all?????

mikon

Hi everyone

Tedsd thanks for the mention.

Feeling happy about my victory over NEXT, however tonight I arrived home to find a letter from CCCS. They have wrote to me informing me that as a result of me reducing my budget and payment to CCCS one of my creditors HFC have refused to accept the revised offer. They will continue to make payment but are just flagging up that they may default me and sell the debt on. I knew things had been to good for to long. I have another debt with them so i can expect another letter.

On a good note I changed my mobile phone on Sunday went to Phones 4 U and I got a new phone no credit checks as it was an upgrade. I have to say though my stomach was in knots when they were drawing the contract up but got the phone I wanted and the deal I wanted so that cheered me up slightly.

Hope everyone is fine.

Mikon

mikon

Following on from the post above. Does anyone think it is worthwhile writing to HFC explaining why the reduction was made and explaining my circumstances.

Mikon

mikon

tedsd wrote: »

Mikon, a default and selling on sounds ok to me - better for F & Fs and your credit rating is trashed anyway ??

Good news re the mobile!

Creditors can expect a few more reduced DMP payments from people if gas/elec bills increase by 19%...

Ted

Thanks Tedsd I agree with your comments.

Professor_Pat_Pending

mikon wrote: »

Hi everyone

They have wrote to me informing me that as a result of me reducing my budget and payment to CCCS one of my creditors HFC have refused to accept the revised offer. They will continue to make payment but are just flagging up that they may default me and sell the debt on. I knew things had been to good for to long. I have another debt with them so i can expect another letter.


Mikon

Good news Mikon, who cares about defaults, we've all got loads of them. Selling to DCA is what you want, no? PP

mikon

Professor_Pat_Pending wrote: »

Good news Mikon, who cares about defaults, we've all got loads of them. Selling to DCA is what you want, no? PP

Thanks PPP

Myb only worry is they start to apply interest again which will wipe out what I have paid over the year . If they do they sooner they sell it the better. I am going to write to them explain my personal circumstances.

pure_dead_dopey

HFC are on very sticky ground with quite a lot of stuff, I think they will be behaving impeccably for the next few years see

https://forums.moneysavingexpert.com/discussion/3254530

As PPP says, defaults are good, the quicker you get them, they quicker they fall off your record, sure we've been over this before?

pure_dead_dopey

ooh look got another medal!!!

Hopelessly_Hopeful

Well done on the medal Dopey, am well impressed! Wonders what one has to do to get the third one?!!!

Ted well done on surviving the hols, you are a true inspiration. Just goes to show what you can achieve with planning and determination.

Mikon you've successfully negotiated on a number of occasion, as you know often doesn't pass the first fence but another run at it often sees us flying over it with room to spare!

I'm really struggling with work needed to my car (lots). I have a loan that finishes in 2 payments time. My plan is to reduce the DMP at that time. Although the overall DMP payment will go down the remaining preditors will see a bit of an increase in the amount paid into it. Well that's the plan anyway. Going to make sure I am exceedingly well prepared for the review!


Hope everyone is OK.

HHx

pure_dead_dopey

something to do with the amount of posts and thanks I think, but don't quote me.

you've found me out Tedsd I've whizzing around on that incorporator thing for ages......................