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StepChange_Pavan

marriedlady wrote: »

Hi,

Please could you tell me if this is to be believed...

We asked how long it would take to clear the following debt. The Debt Management Company (not one of the free ones!) sent us the following:

43.3 months at £179.02 to pay £4,404.46 to Westcot and £3,247.43 to the Debt Management Company = £7,751.89.

Will these figures be fixed? Do interest/ fees get added on, will we have to pay more for longer? Just don't know how these things work! Just need to know if the goal posts are going to be pushed back.

Any advice gratefully received

regards

Hi marriedlady and thanks for your post.

A DMP isn’t a legally binding arrangement, so there’s no guarantee that your creditor won’t add any interest or charges. Your DMP company will know more about what your creditors have informally agreed to.

Your calculations sound right, but you may have to pay more if they add charges. You could also consider switching to a free debt charity like ourselves as the £3247.43 could go towards repaying your debts a lot quicker.

Try our Debt Remedy if you’d like us to look at your situation in more detail: http://www.cccs.co.uk/ref/drcu.

I hope this answers your question.

Kind regards,
Pavan

giorgi_2

My partner had a catolouge years ago and let his mum run it and his brother got a computer from it without their knowing. Today, we received a letter from a debt company saying he owes £5500 and his brother is refusing to pay the money back. This is alot of money which we dont have and would take years to save to pay it off and its not our debt. Has anyone got any advice on which we could do about it?

StepChange_Pavan

nmagowan__ wrote: »

Hi Folks,

I'm looking some advice on what to do. I have received a civil bill for over £5000 from the Nationwide building society. This is for a credit card debt. I am already on a DMP with Payplan paying £729 a month into it. The Nationwide never accepted the offer so it seems like I'm off to court.
Payplan have told me that they are contacting the creditor directly and have set the debt to priority. I am paying as much as I can afford into the DMP and this includes a payment of £70.00 a month to Nationwide.
As Payplan cannot seem to advise on what to do in regards to legal matters it means that I confused as to what to do now. I have replyed to the civil bill to dispute it so I assume that there will be a court hearing. I live in Northern Ireland so I think that the legal system is different to England.
Can anyone advise me on what I should do?

Kind Regards,

Neill

Hi Neil and thank you for your post.

Have Nationwide applied for a Money Judgement against you? It’s important that you come to an agreement to pay this back at a rate that you can afford, so its right that you continue to negotiate until you are both happy with the arrangement.

As Payplan already have your information, they should be able to advise you fully on this. However, if you’d still like more detailed advice, you could call our Helpline and we will refer you to our Limavady office and they will be able to look at your situation in more detail. You can call our free Helpline on 0800 138 1111, we’re open Monday to Friday 8am - 8pm.

I hope this helps.

Kind regards,
Pavan

StepChange_Pavan

giorgi wrote: »

My partner had a catolouge years ago and let his mum run it and his brother got a computer from it without their knowing. Today, we received a letter from a debt company saying he owes £5500 and his brother is refusing to pay the money back. This is alot of money which we dont have and would take years to save to pay it off and its not our debt. Has anyone got any advice on which we could do about it?

Hi giorgi and thanks for your post.

I can see that Tixy has already given you some really useful advice on your previous post.

Like others have mentioned, you could report his brother to the police but if he doesn’t want to do that I’m afraid he’s liable to pay.

If he’s unable to maintain the minimum payments on the catalogue he can come to an arrangement to pay a monthly amount that he can afford.

He could work out a realistic income and expenditure and show this to them as proof that he can’t afford to pay any more.

If he’d like some more detailed advice on his options he can visit our online debt advice service Debt Remedy (http://www.cccs.co.uk/ref/drcu) or ring our free Helpline on 0800 138 1111. We’re open Monday to Friday 8am - 8pm.

Kind regards,
Pavan

fairybex

I don't know if you can help with this type of problem but I'm not sure who else to ask...
I have managed with the help of my parents (through a loan from them) pay off a number of my creditors with F&F payments however Marbles are proving difficult to deal with.
They have agreed an amount which is £3,00 less than owe so its a pretty good offer, my only problem is the wording of the letter as they wont accept it as full and final payment, it reads

' This agreement will result in the remainder of the balance being registered with the credit reference agencies as a default; we are agreeing not to collect on the the remaining amount. The outstanding amount will not accrue interest. Your ability to gain credit in the future may be affected'

What does this actually mean? Could they sell the debt on? Call on it later? Default me every few months so I never have a clear credit record?

Any help would be appreciated on how I should reply back to this letter.

burmesejack

I am looking at possibly setting up a debt management plan, but wanted to check whether the income and expenditure should be the household or just me?

I am married but we have nothing joint.
All the debts(bank and credit cards) are only in my name.
Should it be a joint DMP, or do I look at just my income?
If just me, I wouldn't have any disposable income so guessI would probably need to look at IVA or bankruptcy.

Thanks

ps I have read up online and think I can put joint income, but get husband's share of leftover money deducted, but there's no facility for this on cccs site?

PoshPants

Reposted from another thread as advised - Any opinions would be great.

Finally had my call to confirm my DMP had been passed to CCCS which is good. They mentioned about possibly requiring my proof of earning which is fine.

My question is regarding my commission payments. I'm in a sales kind of role and have a basic salary, plus if I hit target it means my commission payments can be anywhere around £400-£1000 per month. I did ask National debtline whether to declare this but they advised not to as it wasn't guaranteed which makes sense.

However, I'm concerned that my last 3 pay slips show values of commission for these amounts and wonder if that would make them (whoever them may be) think I'm trying to pull a fast one. Ideally I'd be happy to use this as extra towards my DMP but there's always a possibility I won't hit target (which this month looks like the first that will happen.

kimbo1976

Hi

I wonder if anyone can help me please. I am just starting a DMP with CCCS and have opened a new bank account with Halifax from Natwest.

I have just found out that Aqua Credit Cards (who i have a £850 debt with) are part of Halifax. Does this mean that Halifax will take some of my salary that is due to be paid in next week to pay off this debt?

Any help would be gratefullly received?

Thanks

misstasty

Hi I hope you can help, I have a number of DCA companies that I am trying to deal with in order to Clean up our credit files.
Firstly I have a default registered, I CCA'd them and they came back with that they didn't need to provide one because it was for an overdraft, so then I snet a subject access request to see what charges ect had been applied. They sent back some screen shots, but no default notice was enclosed. I wrote back to them on the 12 May asking for a copy of a default notice but they have not responded.
Secondly On my husbands file are 2 defaults. First is registered with fredrickson, I CCA'd them and they promptly (Via bryan carter) said they had returned the account to the original creditor. I then wrote back and asked them to remove the default status attached to them. They wrote back and said that the default stands and gave me an address for another DCA comapny to write to and again said they were no longer dealing with the matter....

Thirdly, Hillesden have a default registered but have been faffing about by not providing a copy of the CCA since feb...firstly I did not word my letter correctly so they wrote back and said they were not in default as I had not sent the pound fee or quoted the law. so I responded with the pound fee and obligotary law speak...they have now written back and said that they are trying to obtain the CCA from the original creditor and will write back to me in 21 days with an update....I am sure that they are not allowed to stall in this way, either they have the paperwork or they don't and if they don't what can I do next????

Many many thanks

System

fairybex wrote: »

I don't know if you can help with this type of problem but I'm not sure who else to ask...
I have managed with the help of my parents (through a loan from them) pay off a number of my creditors with F&F payments however Marbles are proving difficult to deal with.
They have agreed an amount which is £3,00 less than owe so its a pretty good offer, my only problem is the wording of the letter as they wont accept it as full and final payment, it reads

' This agreement will result in the remainder of the balance being registered with the credit reference agencies as a default; we are agreeing not to collect on the the remaining amount. The outstanding amount will not accrue interest. Your ability to gain credit in the future may be affected'

What does this actually mean? Could they sell the debt on? Call on it later? Default me every few months so I never have a clear credit record?

Any help would be appreciated on how I should reply back to this letter.

Hi fairybex and thanks for your message.

It is a tricky area this one. They should confirm in writing that your offer is in full and final settlement and that they won’t sell the remaining debt on.

The wording they have given is all true in full and final settlements, they’re agreeing not collect any further and it’s true that the remaining balance will be registered as a default. This is standard for them.

However, it doesn’t mention that the amount being paid is in full and final settlement and that the remaining amount could not be sold on for some other party to collect.

If you’re unhappy with the wording they’re giving you I would suggest you speak to them in regards to this. I would only pay the settlement once you are happy with the wording on the letter is water tight.

I hope this helps

Kind regards

Mat