is it true?? DMP/CCCS help please??!

ashton05

hi, i've recently contacted the cccs as things have got out of hand since i've had to reduce my hours at work (to look after the kids). At the mo i have just £106 left to pay creditors just over £28K, so it'll take >20 yrs to pay it all off, plus interest. The plan is that once the kids are at school i increase my hours/ go for promotion so i can increase my payments to cccs.
problem is i recently had a horrible call from morgan stanley (asking for more £ etc.) and the girl on the phone said unless i keep up with payments my chance of promotion will be affected. I questioned what she meant, so she explained, saying you have to have a credit check to get promotion??Is that really true??
also, at the moment, on the advice of a Independant financial advisor, we're paying our mortgage just interest only. again, the idea was that i go to another deal once he kids are at school and i can afford abit more, (i pay £750 at the mo). will i be able to remortgage to a better deal now i am on a DMP?
would really appreciate any advice or comments as i'm new to all this, and am finding it all abit daunting.
i'm really impressed by the support and advice the members of this site give. i've been in tears reading some of the threads, realizing how simelar my situation is, (i guess that sparked my lightbulb!) and have been wandering round like a rabbit in the headlights for a few months whilst figuring out what to do. wish i'd visited the site sooner, and saved myself the sleepless nights.
oh... and the arguements with O/H!! haha!;)
i can see light at the end of the tunnel, but it's a long way off yet.:o
happy days!:D

madduck

It's unlikely that being on a DMP would impact on your promotion prospects. Unless you work in the type of job where there is a contractual requirement to keep out of debt and/or not have any adverse credit judgements, there is no way that your employer would find out and/or need to know. You'll find out that especially in the early days of a DMP your creditors will threaten you with all sorts. Your with CCCS - they are great - any problems just give them a ring and they will reassure you. Also this site is great. Helps to see that your not alone. I only wished I'd seen it earlier and it would have saved some sleepless nights.

Your credit rating is going to be affected because of the DMP. It might be worthwhile chatting to CCCS who apparently have links to mortgage companies who may be able to help.

La_Tristesse_Durera

B*stards!!
That's awful - they're lying, no such thing as a credit check when promotions are given (I'm an HRM so know a weeee bit!). I'd seriously seriously make a proper complaint. That's disgraceful, one of the worst things I've heard.

Get her sacked

Molanole

ashton05 wrote:

problem is i recently had a horrible call from morgan stanley (asking for more £ etc.) and the girl on the phone said unless i keep up with payments my chance of promotion will be affected. I questioned what she meant, so she explained, saying you have to have a credit check to get promotion??Is that really true??

Don't believe a word of it. It's all rubbish. I cannot understand why this is even proposed as if anything our employers are in debt to us as we provide our services and then are paid back after the event each month. Why on earth a credit check would need to be carried out on you I cannot understand.

Honestly, I get so mad when I read about the tactics DCAs use to threaten people into paying up. And there seems to be so much of it on here at the moment. Thankfully I'm not in that position but my heart really goes out to those of you who are. Stick with us and stand firm. There's plenty of advice and support to be had on MSE.

Mola x

Dr.Shoe_2

I think from now on I'm going to jot down the DCA's CSA right at the start and complain most vociferously about this sort of practice.

I once got a "Letter Of Distress" from one of my creditors (I think it was Capital One) saying that they were going to repossess my home. They had even cleverly included the "mortgage provider" which wasn't a mortgage company at all but our landlord! I phoned them up and pointed out two things: 1. Our home is a rented flat which was stated on the application and, 2. The debt is unsecured. I also told them that if I got any more harrassing letters or phonecalls I would be reporting them to the OFT, in fact I still might, I shall be keeping this letter etc.

frankie1_2

Don't worry about Morgan Stanley. They are a gutless bunch of morons who use the telephone to frighten people. Both myself and my wife have been terrorised by these clowns. There are many really good ideas on how to deal with threatening phone calls from creditors on this site

Cash_Is_King_4

I had my first telephone meeting with the CCCS yesterday, they were really helpful and understanding. One of the things they mentioned was that my creditors will probably start phoning me and threatening me with all kinds of things. The CCCS advised me that I don't have to talk to them on the phone - tell them if they have some important information for you then they should put it in writing. Often the collections people are on commision and you are not legally obliged to talk to them.

As madduk said, unless you work in a job that has a contractual requirement to stay out of debt, it should have no effect. The Police used to carry out credit checks (I don't know if they still do) as part of their application process.

Some jobs (especially government) have different levels of security clearance that require financial checks - this is to decide whether you might be open to bribes!

If this doesn't apply to you then I wouldn't worry.

Wonder_Girl

One word – B*ll*cks!!

You can get a new mortgage on an DMP, we will even refer you to a company

From now on each time you get a call from the creditor do this – say “hang on one moment please” put the phone down on the side and make so moving noises for a few seconds then pick the phone back up and say “could you repeat where you are calling from now I have the tape recorder on?” you’ll be surprised how police and legally conforming they can be when they think they are being recorded, Works a treat every time :D

spud30

Wonder_Girl wrote:

One word – B*ll*cks!!

You can get a new mortgage on an DMP, we will even refer you to a company

From now on each time you get a call from the creditor do this – say “hang on one moment please” put the phone down on the side and make so moving noises for a few seconds then pick the phone back up and say “could you repeat where you are calling from now I have the tape recorder on?” you’ll be surprised how police and legally conforming they can be when they think they are being recorded, Works a treat every time :D

WG I'm shocked :eek:

I had a call today from a creditor, and I had to give them security information before they would speak to me.

Couldn't we all just provide incorrect information, then they wouldn't be able to enter into a conversation to start with would they :rotfl: :rotfl: :rotfl:

La_Tristesse_Durera

spud30 wrote:

WG I'm shocked :eek:

I had a call today from a creditor, and I had to give them security information before they would speak to me.

Couldn't we all just provide incorrect information, then they wouldn't be able to enter into a conversation to start with would they :rotfl: :rotfl: :rotfl:

Hehe, did that the other week, although it hasn't stopped them from calling still. Two I used;

'Mr *** what's your DOB'
'Dunno'
'Ok, I'll send you a letter then'

and

'Can I speak to Mr *** please?'
'Yes speaking'
'Before I go any further, can I ask you some security questions?'
'No, you cant actually'

The second one was classic, she didn't know what to say!!!

blownalot

Nothing short of brilliant those last two. Can't decide which one to try with Morgan Stanley when they call me tomorrow.

In the past I have asked them what their date of birth and mothers maiden name is - that throws them too !! Also tell them you need to put them on hold for a minute and then let them hear you in the background making a cup of tea or something - I'm convinced that's what they do.

Morgan Stanley are the worst creditor I have had to deal with. They blatantly lie just to try to get more money out of you. The lied to me about how they could extend the length of time an IVA can run and about having to have my home number as part of their terms and conditons.

The best bit is when they tell you that if you pay them £x they will credit your account back with the last late fee/overlimit fee/both that they hit you with. Having explained to them that I don't have £x to spare and that if I gave it to them I couldn't make the goodwill payments to my other creditors they are stumped when you ask what you are supposed to do with the charges they have rebated - I can't exactly go and spend it in Sainsburys can I?