DMP Mutual Support Thread - Part 7

ianmak

darwins_mum wrote: »

Good morning all, just a quick question, I have recently started a DMP with CCCS, making token payments for 6 months due to severe income shock. my main creditors are LloydsTSB, they have accepted the terms for my loan, but have not accepted payment proposal for my 2 overdrafts, as the accounts are currently within their limit. With interest charges, one will go over its limit by the end of the month.
I cannot afford to pay more than I am at the moment, will they just sell the debt to their debt collecting service at some stage, and can both overdrafts then be included in the DMP?

Thanks

Your overdrafts should have been included in the DMP in the first place, as it's classed as a debt. Has this been done?

darwins_mum

ianmak wrote: »

Well, continue to pay the amount you have worked out to each creditor, each month, and maybe send another letter to the creditor (or the same if you wanted), asking them to acknowledge your situation.

Would they have phoned you already by any chance, and you haven't recognised the number?

I put a stop to them ringing me earlier in the year, they rang incessantly about my loan, I requested that they remove my contact numbers.
I think that I will send them another letter, reminding them of my situation.

darwins_mum

ianmak wrote: »

Your overdrafts should have been included in the DMP in the first place, as it's classed as a debt. Has this been done?

Overdrafts were originally included in the DMP, but the creditor has rejected on the basis that it is still within the agreed overdraft limit. If that makes sense?

ianmak

Well if it's been rejected then you just carry on paying the amount you've agreed. Overdrafts always take the longest to accept and stop charges and interest - think it took 6 months with me.

darwins_mum

Thanks, I guess I am a little jittery as it is going to skeedadle over the limit imminently. Ah well, at least the cant harrass me by phone.
Have a good day all
DM

sugar9

Hi all hope everyone is ok. Just an update regarding Halifax overdraft. They phoned yesterday to say they had agreed the CCCS payments and that they would put this in writing. Still not heard anything from Halifax loan. So waiting on that one and Argos card. Also heard nothing from payday loans. (Not really in a rush to talk to them). Early days yet I suppose as only made one payment to CCCS so far.

inamess_man

Originally Posted by ianmak
Well, continue to pay the amount you have worked out to each creditor, each month, and maybe send another letter to the creditor (or the same if you wanted), asking them to acknowledge your situation.

Would they have phoned you already by any chance, and you haven't recognised the number?

was this to me ian?

cheers

ianmak

Er, yeah it was. I think! Sorry I forgot to quote...

inamess_man

thanks ian

so far have just paid halifax as they are the only ones to fully agree

will pay the rest tommorow methinks

elainew

Apologies if i'm in wrong bit but after advice for my FIL. He has filled in a expenditure form through CCCS who advised him to write to his creditors offering token payment. He has doen this and tesco credit card have written back saying they can't offer anything as he didnt sign the letter. They have included a letter asking for his signature. Anyone any advice on why they would do that?? Does he have to sign it?
thanks in anticipation