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CCCS_Sue

tenpence_shy wrote: »

hi

a few questions based on what you said

how long does a dmp stay on file if an iva stays 6 years?
is it even registered with equifax et al as its an informal arrangement?
also what happens if cccs were to close (god forbid), would the dmp pass to us to manage?

cheers

tenpence shy

Hi tenpence shy

If you have missed a number of payments to your creditors already then defaults or CCJ's may already be registered on your credit file so a debt management plan may not have any adverse affects to your credit rating other than what you have already. Any future defaults or CCJs would stay on your file for 6 years. The following booklet explains your credit file in more detail

http://www.ico.gov.uk/upload/documents/library/data_protection/practical_application/credit_explained_leaflet_2005.pdf

With reference to what would happen if CCCS were to close, we are not Government-funded so fortunately we're in a position to help as many people as possible. We're here for the long term!

Kind regards
Sue

andyplymouth

Hi CCCS
Sorry if this is the wrong place but I'm a bit desperate - my wife and I have just found out that a family member took out a loan with Provident in my wife's maiden name about 2 years ago. This was after we were married and over 6 years after my wife left the relevant address. This has come to a head now as the family member hasn't been keeping up the payments and my wife has started to receive letters at the old address from their solicitors C K Edrupt. They seem to be implying that my wife is liable for what is now over £4000 debt that we knew nothing about. Are you able to advise on a suggested course of action please?
Many thanks in advance

Stevev99

Hi,

We have been on a DMP with the CCCS for well over 2 years now and it's been going fine.
We started with an overall debt of £55k, 2 years later it's down to £35k and we've just used a lump sum to pay off RBS who were owed £20k of this figure.

So we now have approx £15k left against M&S, RBS credit card, Barclaycard and what was Egg CC and has been passed to APEX.

I have read that creditors can restart interest at any time and I wonder what the liklihood is that they'll see the big jump in monthly contributions and pursue that course of action?

Can Apex do this if they've bought the debt from Egg even though the original agreement wasn't with them?

It may not happen but I'm always suspicious....

Thanks.

Vicky70

Hi,

We have several creditors and a total debt of approx £42k across them.
We have a CCJ from one of them in my husbands name and also a charging order on the house from the same company.

My question is as follows. Our parents have offered us some cash to help clear the debt. How do we decide who to pay off first???? Do we spread it across all of them??? Do we clear the one's still charging interest first??? Do we pay the ones who are offering to negotiate discount on what we owe? Do we pay the ones who we think are showing signs of taking further legal action??

We have been paying small token payments for the last year or so and have been keeping them all updated with a financial summary provided by the CAB

Any guidance on this would be much appreciatted.
Thanks in advance.

CCCS_Sue

andyplymouth wrote: »

Hi CCCS
Sorry if this is the wrong place but I'm a bit desperate - my wife and I have just found out that a family member took out a loan with Provident in my wife's maiden name about 2 years ago. This was after we were married and over 6 years after my wife left the relevant address. This has come to a head now as the family member hasn't been keeping up the payments and my wife has started to receive letters at the old address from their solicitors C K Edrupt. They seem to be implying that my wife is liable for what is now over £4000 debt that we knew nothing about. Are you able to advise on a suggested course of action please?
Many thanks in advance

Hi andyplymouth and thank you for your message

I would recommend that you seek legal advice regarding this.
I have attached a link to Community Legal Advice. They give free confidential legal advice and may be able to help you further.
http://www.communitylegaladvice.org.uk/

You could also contact Consumer Direct. http://www.consumerdirect.gov.uk/
Consumer Direct is funded by the Office of Fair Trading and delivered in partnership with Local Authority Trading Standards Services

Kind Regards
Sue

CCCS_Sue

Stevev99 wrote: »

Hi,

We have been on a DMP with the CCCS for well over 2 years now and it's been going fine.
We started with an overall debt of £55k, 2 years later it's down to £35k and we've just used a lump sum to pay off RBS who were owed £20k of this figure.

So we now have approx £15k left against M&S, RBS credit card, Barclaycard and what was Egg CC and has been passed to APEX.

I have read that creditors can restart interest at any time and I wonder what the liklihood is that they'll see the big jump in monthly contributions and pursue that course of action?

Can Apex do this if they've bought the debt from Egg even though the original agreement wasn't with them?

It may not happen but I'm always suspicious....

Thanks.

Hi stevev99 and thank you for your message

The creditors are at liberty to start charging interest again, especially if you are now able to afford their minimum payment, but I can’t say whether they definitely will or not. It would be entirely at their discretion.
If you need any further help regarding this, our client support team will be happy to help

Kind Regards
Sue

CCCS_Sue

Vicky70 wrote: »

Hi,

We have several creditors and a total debt of approx £42k across them.
We have a CCJ from one of them in my husbands name and also a charging order on the house from the same company.

My question is as follows. Our parents have offered us some cash to help clear the debt. How do we decide who to pay off first???? Do we spread it across all of them??? Do we clear the one's still charging interest first??? Do we pay the ones who are offering to negotiate discount on what we owe? Do we pay the ones who we think are showing signs of taking further legal action??

We have been paying small token payments for the last year or so and have been keeping them all updated with a financial summary provided by the CAB

Any guidance on this would be much appreciatted.
Thanks in advance.

Hi Vicky70 and thank you for your message

It depends on how much money you have available to offer and how much is owing to each of the debts.

In order to give you detailed advice on your situation, I would recommend that you call us for an appointment to speak to one of our debt counsellors about your options.
The counsellor will be able to look at your whole financial situation and then recommend the best solution for you.
To make an appointment, you can call free on 0800 138 1111.
Lines are open from 08.00 until 20.00 Monday to Friday

Kind regards
Sue

k_moor25

Heya everyone
I posted off about £300 worth of postal orders to pay for my ppi fee back in october and I have just recieved a letter from them demanding payment for the fee but I sent payment in October and have lost the reciepts from my postal orders. Is there anyone know what I can do ? I cant afford to pay that again

MonkeyDog_2

Hello, this is my first post and really looking for some advice. My wife and I have run up considerable debts on credit cards and a personal loan to the tune of approx £52,000. We have so far managed to pay the minimum payments to all of our creditors without default but it really is only a matter of time before we start to sink. I am considering a DMP but have a couple of questions in regards to this. Firstly, would my creditors even consider agreeing to a DMP baring in mind that we have not yet defaulted on a payment & secondly, how adversely would our credit rating be affected once the debts are cleared? We would dearly love to move house in the future (obviously once debt free) but are afraid that by entering DMP, would leave ourselves blacklisted as far as remortgaging goes.

Many thanks in advance for your help and assistance.

NO-BRAIN

Hi,

In 2001 I wanted to buy a new kitchen so took out a loan from FNB to pay for it. then I sold my house and knew that rough times were ahead tried to be sensible and clear large debts. I requested a settlement figure from my loan company-they wanted it in writing so I did that but never got a response. Although I chased I never got any info and the money was burning a hole in my pocket. I made a payment (2002)which I estimated would cover the cost. I never heard anything more. 2 years on (2004) I was contacted by FNB who advised I now owed over a a grand as my payment was 700 quid short and over the years they'd added interest and charges. My account was sold to Link Financial who passed it backwards and forwards pretending to be different companies then finally settled down. My circumstances were bad and CAB phoned them and so a repayment plan of £5 per month was agreed along with freezing of the interest. So I've been paying religously for a few years now with no interest added. Then at end of 2010 I received a yearly statement and the balance had gone back up another £100 quid as they'd added interest for the year 09-10. I have rang and asked them to remove this and continue with previous arrangement and they have stated that they are entitled to the interest I have not paid over the past years and now want nearly £7K from me????

All this bearing in mind the original loan was only ever for £5k but when I was discussing on the phone I said to the lady my balance should be £600ish and no more and I didn't think it was right for them to add interest all of a sudden. She then said if I paid this amt in a lump sum they could clear the acct.....so the £7k just disappears??? I'm all for paying my debts and not hiding from them but this seems to be blatant daylight robbery.
Please can you advise of my rights?
1-Can they suddenly add this interest on?
2-If I stop paying what action could they take?

I have uploaded copies of the original agreement and their statements.

www.!!!!!!/shared/z39lqq2zv


Many thanks in advance,