Which would you do?

kdallsop

Tixy wrote: »

Personally that would be my choice, but then I'd be reluctant to pay them a single £30 more. If there was no lump sum and you just took over there is no reason to think that the creditors will suddenly start charging interest just because GP are no longer involved.

Aside from the lump sum you would normally just write to the creditor saying something like

GP are no longer managing my debt management plan, I would like to increase my monthly offer to you to x due to the saving I am making by no longer paying GP a fee.
I trust that you will continue to freeze interest & charges on the account as has been agreed and request that all communication from yourselves be in writing.

think i was fobbed off wasnt I!!

Have written letters to MBNA and Egg, offering a increased payment, with the £30 fee split pro-rata, and a letter for Apex, offering a 30% F&F payment, ready to post tomorrow. Hope this can get sorted, feeling a little nervous about the coming few weeks now!!

Tixy

Good luck kd, fingers crossed Apex go for the F&F.
Just thought of one other thing, people often recommend you give a timescale to your F&F in the letter, otherwise they can take ages to come back to you leaving you in linbo, so sometimes people say 'this offer is open until 31 May only' (or whatever).

kdallsop

Tixy wrote: »

Good luck kd, fingers crossed Apex go for the F&F.
Just thought of one other thing, people often recommend you give a timescale to your F&F in the letter, otherwise they can take ages to come back to you leaving you in linbo, so sometimes people say 'this offer is open until 31 May only' (or whatever).

Cheers, gave them 2 weeks, so until 1st June

Being posted shortly, ran out of stamps!!

This is what I have written to send


Dear Sir/Madam

I am writing with reference to the money you are claiming on the above account.

I can confirm I am unable to offer to pay the money which I owe in full. I have recently been made unemployed, for an indefinite amount of time. Which is, understandably, placing great strain on my personal finances, and will continue to do so for some time.

However, a generous family member has offered an amount of money to myself to clear a number of my debts, with the stipulation that the debts are satisfied in full, and do not remain outstanding.

I therefore have an amount of £2100 to offer as an ex-gratia payment in full and final settlement of the account. This offer is made on the clear understanding that, if accepted, neither you, nor any assosciate company will take any further action to enforce or pursue this debt in any way whatsoever and that I will be released from any liability.

I also request that, if accepted, you will make an entry on a credit reference agency file relating to the above account as having been paid and the account closed.

Payment can be made within 14 days of receiving your written agreement of this offer and method of payment.

I look forward to receiving your reply

Yours faithfully



Sound good??

Hope so!! Should at least give me some room to bargain, if they dont take it, I can just clear off the other three instead. Both the Egg and MBNA are suspended accounts, which, from what I have read on the MBNA site, means I will be able to use them again when the debt has been cleared completely?! This right?

Be nice if it was, would give me a chance to use it to improve my credit rating again!

Lucifa73

kdallsop wrote: »

Cheers, gave them 2 weeks, so until 1st June

Being posted shortly, ran out of stamps!!

This is what I have written to send


Dear Sir/Madam

I am writing with reference to the money you are claiming on the above account.

I can confirm I am unable to offer to pay the money which I owe in full. I have recently been made unemployed, for an indefinite amount of time. [STRIKE]Which[/STRIKE] This is, understandably, placing great strain on my personal finances, and will continue to do so for [STRIKE]some time[/STRIKE]the foreseeable future.

However, a generous family member has offered me an amount of money [STRIKE]to myself [/STRIKE]towards clearing [STRIKE]a number of[/STRIKE] my debt[STRIKE] s[/STRIKE], with the stipulation that [STRIKE]the [/STRIKE] any debt settled is satisfied in full.

I therefore have an amount of £2100 to offer as an ex-gratia payment in full and final settlement of the account. This offer is made on the clear understanding that, if accepted, neither you, nor any assosciate company will take any further action to enforce or pursue this debt in any way whatsoever and that I will be released from any liability.

I also request that, if accepted, you will make an entry on a credit reference agency file relating to the above account as having been paid and the account closed.

Payment can be made within 14 days of receiving your written agreement of this offer and method of payment.

I look forward to receiving your reply by 1st June 2010.

Yours faithfully



Sound good??

Hope so!! Should at least give me some room to bargain, if they dont take it, I can just clear off the other three instead. Both the Egg and MBNA are suspended accounts, which, from what I have read on the MBNA site, means I will be able to use them again when the debt has been cleared completely?! This right?

Be nice if it was, would give me a chance to use it to improve my credit rating again!

Hope the above helps. I would suggest you make F&F offers of around 50% to the others if this isn't gone for - nothing ventured nothing gained;) and get rid of the DMP agent ASAP:D

kdallsop

Brilliant!!

Cant thank you enough!!!

Not sure the others would take 50% though, they are both still with the orignal creditors

but if Apex dont, always worth a shot!

Lucifa73

kdallsop wrote: »

Brilliant!!

Cant thank you enough!!!

Not sure the others would take 50% though, they are both still with the orignal creditors

but if Apex dont, always worth a shot!

They might not take 50% but they may make a counter offer which will leave more left over to use to pay Apex, or have a safety net against life's inexplicable ability to kick you in the 'nads on a regular basis;)

kdallsop

maybe so, we shall see soon enough I guess!!

On a similair note. I have just accessed my credit report on Equifax, did have a copy of it somewhere, but its a bout a year ago, and dont know where it is now!!

Is a little interesting, there is one debt i forgot about, £355 left to pay, which was a natwest credit card, and is a default, the only other default is the Egg credit card.

Now, Apex have the Natwest debt at £7200 outstanding. Which they say is Loan and overdraft rolled into one.

Credit report is showing the only one Natwest debt, at £4731 outstanding, and in arrears, not default. Then shows below it as delinquent balance of £5398

There is nothing on there about Apex Credit, or the overdraft outstanding

So, does this mean Natwest still own the debt? It shows the last update as this month.

A little confused, surely Natwest would have registered both the loan and overdraft with the same database??