DMP Mutual Support Thread - Part 7

grantalien

jasperconran wrote: »

update time.

Have not posted in such a long time but have been trying to keep up.

anyway, I feel sick and really starting to panic. We have been on dmp with CCCS for 7 months all is going well. The only ones who are being extremely awkward is HSBC (OH has got CC with them).

Received letter today claiming we have not contacted them....wrong! we sent a letter back in May:eek: the letter is a final demand stating we want £8,100 in 14 days or we send account to Debt collectors or contact solicitors or take you to court!:eek:

what the hell!?!?! have just emailed CCCS with copy of letter, to see what they say.

But.....I feel sick, all alone, OH at work have not told him yet.

What is going to happen??? shall we write again recorded delivery.

help someone!:eek:

read the letter again - chances are its says may do this, could do that etc etc... - It can take months for creditors to settle down - HSBC with me was a year! - see what CCCS say, I am sure they can send another copy. There is a lot of posturing from creditors looking to determine those who will stick to plans and those who want.

If you do end up down the court route then your DMP and commitment for 7 months will stand you in good stead.

the_tooth_fairy

SammyLou wrote: »

Congrats

We just did it, after nine years together last month. Registry office, nothing grand almost totally eBay!

good luck xx

Brilliant - all the very best to you both!!:j

ttf xx

sunnyface

Hello - I'm new here and have been reading through the thread, getting myself quite confused.
I have completed the CCCS forms to get a DMP set up.

In general, do the creditors agree to the plan?
I'm quite worried in case they don't and what on earth do I do then?
Do they keep issuing default notices? I keep seeing mention of these. I was kind of hoping that the creditors would all agree, CCCS would then deal with everything and I could just concentrate on sticking to my budget and paying CCCS once a month without worrying constantly about all of the creditors - am I naive to think that it will be as simple as this?

TIA :beer:

grantalien

sunnyface wrote: »

Hello - I'm new here and have been reading through the thread, getting myself quite confused.
I have completed the CCCS forms to get a DMP set up.

In general, do the creditors agree to the plan?
I'm quite worried in case they don't and what on earth do I do then?
Do they keep issuing default notices? I keep seeing mention of these. I was kind of hoping that the creditors would all agree, CCCS would then deal with everything and I could just concentrate on sticking to my budget and paying CCCS once a month without worrying constantly about all of the creditors - am I naive to think that it will be as simple as this?

TIA :beer:

I think generally they agree but it can take some time (they are looking for you to commit to the plan you have suggested) and they will try and get you to pay more - don't!

If they don't the worst that can happen is court action (CCJ) I have been there, its frustrating as generally the court will side with you, especially if you have demonstrated good will and a reasonable budget plan (not really an issue with payplan/CCCS)

Defaults are better early - once they have been issued that's it, they stand for 6 years - just because they agree to terms of a DMP does not mean your credit file won't be shot to pieces...it will - but what is the alternative?

You stick to your budget, things will calm down (In my experience talking to my creditors helped but I always referred them to Payplan (you would be CCCS) for statements and requests etc...

There is no pattern - its a rocky road! remember we have defaulted so have to accept some responsibility BUT

We are doing what we can and longer term this helps us :beer:

sunnyface

grantalien wrote: »

I think generally they agree but it can take some time (they are looking for you to commit to the plan you have suggested) and they will try and get you to pay more - don't!

If they don't the worst that can happen is court action (CCJ) I have been there, its frustrating as generally the court will side with you, especially if you have demonstrated good will and a reasonable budget plan (not really an issue with payplan/CCCS)

Defaults are better early - once they have been issued that's it, they stand for 6 years - just because they agree to terms of a DMP does not mean your credit file won't be shot to pieces...it will - but what is the alternative?

You stick to your budget, things will calm down (In my experience talking to my creditors helped but I always referred them to Payplan (you would be CCCS) for statements and requests etc...

There is no pattern - its a rocky road! remember we have defaulted so have to accept some responsibility BUT

We are doing what we can and longer term this helps us :beer:

Thanks very much for this :T

Can I ask another (stupid) question?
CCCS advised me to open a new bank account - which I did - just a normal current account with a bank I have no dealings with. But I keep seeing mention of 'basic bank accounts' - have I done the wrong thing? Does the type of account matter?

Also - how long does it take to set up the DMP?

Thanks again!

Twit_Head

Hi TF :wave:
Sorry I missed you when you were logged in.
Have been thinking about you and the recent resurrection of the troubles in your part of the country.
Tricky enough to live life on a DMP without this, so I hope all is well with you and yours, and hope that sense will prevail again soon.
You take care now.

'Twitty'

grantalien

sunnyface wrote: »

Thanks very much for this :T

Can I ask another (stupid) question?
CCCS advised me to open a new bank account - which I did - just a normal current account with a bank I have no dealings with. But I keep seeing mention of 'basic bank accounts' - have I done the wrong thing? Does the type of account matter?

Also - how long does it take to set up the DMP?

Thanks again!

basic bank account has no credit facility (O/D) google it and there are plenty, some sites will tell you which banks are linked to which creditors.

Twit_Head

sunnyface wrote: »

Thanks very much for this :T

Can I ask another (stupid) question?
CCCS advised me to open a new bank account - which I did - just a normal current account with a bank I have no dealings with. But I keep seeing mention of 'basic bank accounts' - have I done the wrong thing? Does the type of account matter?

Also - how long does it take to set up the DMP?

Thanks again!

Hello and welcome
No question is stupid! Please don't feel afraid to ask.
As your long as your new current account is not linked to one of your creditors you are fine (but remember, no overdraft/credit to be used!) A basic bank account is what is says - a no frills account. No overdraft facility etc. just basic 'incomings and outgoings' type of activity.
The reason behind all this is because if your account is linked to one of your creditors they can 'offset.' This basically means if you owe X amount of pounds to creditor A, and it's 'their' bank, they are quite likey to take monies from that account towards repaying your debt (even thoughthe money was there to cover your mortgage, council tax etc. etc) Therby leaving you up the proverbial creek without a paddle!
So you've done well so far.
Setting up doesn't take too long, but be prepared for a few months for things to be a bit rocky. Your creditors are looking for your commitment to repay, and might (might!!!) try to play the heavy hand at first.
Ask again if anything is not clear.

'Twitty'

Twit_Head

Hi Grantalien
See I've been cross-posting with you - I'm only a cack-handed typist so you beat me to the draw
Hope all goes well with you.

'Twitty'

grantalien

Twit_Head wrote: »

Hi Grantalien
See I've been cross-posting with you - I'm only a cack-handed typist so you beat me to the draw
Hope all goes well with you.

'Twitty'

I been around a while just put my thoughts in every now and then and hope people find them useful.

So far so good - going ok 19 months in and life is MUCH better - only 4 yrs and 5 months to go (ish)