DMP Mutual Support Thread - Part 7

Standingtall

mallyash wrote: »

Ok Ladies and Gents help needed.
What would be your thoughts on the below.

Capital one will not budge unless I forward Bank statements and wage slips. If I do this they will immediately suspend all charges and freeze interest. Until I do the account runs as normal with all charges incurring.
They have had a letter from me quoting relevant sections of the lending code to which Capital one are subscribers, but they certainly are a stubborn lot. Company policy regarding re-payment plans apparently. In light of this I'm inclined to do this with the important parts like account numbers/sort codes and wot not blacked out just to get the re-payment plan in place and dusted. Or should I fight for my rights and dig my heels in but still pay the proposed amount.

RBS on the other hand will do the same as capital one on the condition that I sign my Financial statement, or the form they have sent. Do I just sign and settle for the easy life? Or carry on being abrasive?
I would not normally give in, but I'd just rather get the ball rolling and start to pay off my debts rather than drag it out with the creditor piling on charges. Any thoughts or help on this would be greatly appreciated.
No calls from OPUS for three day though. :T

Hi Mallyash. Unfortunately I cannot hellp with this as I have no experience in self managed DMP. I though I would respond however, in order to bump up your query.

Twit_Head

mallyash wrote: »

Ok Ladies and Gents help needed.
What would be your thoughts on the below.

Capital one will not budge unless I forward Bank statements and wage slips. If I do this they will immediately suspend all charges and freeze interest. Until I do the account runs as normal with all charges incurring.
They have had a letter from me quoting relevant sections of the lending code to which Capital one are subscribers, but they certainly are a stubborn lot. Company policy regarding re-payment plans apparently. In light of this I'm inclined to do this with the important parts like account numbers/sort codes and wot not blacked out just to get the re-payment plan in place and dusted. Or should I fight for my rights and dig my heels in but still pay the proposed amount.

RBS on the other hand will do the same as capital one on the condition that I sign my Financial statement, or the form they have sent. Do I just sign and settle for the easy life? Or carry on being abrasive?
I would not normally give in, but I'd just rather get the ball rolling and start to pay off my debts rather than drag it out with the creditor piling on charges. Any thoughts or help on this would be greatly appreciated.
No calls from OPUS for three day though. :T

Hi mallyash
Sorry - I can't help much either as my DMP was with CCCS, and never did learn much about self-managed.
The only thing I would throw into the pot (call me Mrs Cynical if you like ) but I would be wary of 'Capital One say.' I know we all believe in Father Christmas, but having recently gone through the mill with creditors, unless you have written, definite, backed-up to the hilt letters/proof such-and-such will happen, I would tread carefully. Could a full budget sheet/SOA with a couple of months payslips suffice?
As I say, not able to help much as I was happy to provide CCCS with info. but wary with creditors.
Hope you find out more soon, but I salute you for going down the self-managed route from the start. But is there a particular reason? Maybe the support of a free DMP company till you find your feet might be helpful?
Hope you get some answers soon.

'Twitty'

Twit_Head

mallyash wrote: »

I certainly will do mate. I suppose they think that because the balance is small they might get a full immediate payment. They can carry on thinking;)
Also if a creditor can sell on a debt to a DCA for a pound or what ever, why can't we as debtors buy the debt too. In fact I'll buy all your debts PG41 and you can buy mine. Ill let you have them all at rock bottom prices, a quid each;) We might both have to register a Mickey Mouse DCA company first though.

You and PinotGrigio41 been sniffing the loo cleaner? Or slurping your Gran's Harveys Bristol Cream?
Madness, utter madness!
This is a very serious advice forum and to make fun of creditors and all their doings is absolutely contemptable

'Twitty'

Twit_Head

I'm back! (temporarily-you'll be glad to note!)
Hello to all. I really miss being here on a regular basis and keeping in touch with how life is for everybody.
Like 'Her Maj' I am currently working on the Christmas Broadcast (at least I don't have to fund food & vets bills for all those bl**dy corgis in the budget! )
And remember (to mangle that famous canine saying) ' A Christmas Is For One Day, Not Just For Life'
DON'T blow the budget because you think you're loved ones lives will be incomplete without an i-phone/Armani suit/diamond earrings (whatever!) and they will never forgive you.
The smallest, silliest pressies given with love are the best, and there will still be money left to live on in January!

'Twitty'

Standingtall

Twit_Head wrote: »

I'm back! (temporarily-you'll be glad to note!)
Hello to all. I really miss being here on a regular basis and keeping in touch with how life is for everybody.
Like 'Her Maj' I am currently working on the Christmas Broadcast (at least I don't have to fund food & vets bills for all those bl**dy corgis in the budget! )
And remember (to mangle that famous canine saying) ' A Christmas Is For One Day, Not Just For Life'
DON'T blow the budget because you think you're loved ones lives will be incomplete without an i-phone/Armani suit/diamond earrings (whatever!) and they will never forgive you.
The smallest, silliest pressies given with love are the best, and there will still be money left to live on in January!

'Twitty'

I cannot wait to see my twenty year old son's face when he unwraps the new duvet I have got him for Christmas, a replacement for the wrecked one which currently valiantly attempts to keep him warm! :rotfl: I can imagine all the things he thinks that rather large box may contain, but I can guarantee that a duvet is not one of them:rotfl: Still, he is getting a cinema voucher as well so that will put a smile on his face:)

Bettingmad

re

mallyash wrote: »

Ok Ladies and Gents help needed.
What would be your thoughts on the below.

Capital one will not budge unless I forward Bank statements and wage slips. If I do this they will immediately suspend all charges and freeze interest. Until I do the account runs as normal with all charges incurring.
They have had a letter from me quoting relevant sections of the lending code to which Capital one are subscribers, but they certainly are a stubborn lot. Company policy regarding re-payment plans apparently. In light of this I'm inclined to do this with the important parts like account numbers/sort codes and wot not blacked out just to get the re-payment plan in place and dusted. Or should I fight for my rights and dig my heels in but still pay the proposed amount.

RBS on the other hand will do the same as capital one on the condition that I sign my Financial statement, or the form they have sent. Do I just sign and settle for the easy life? Or carry on being abrasive?
I would not normally give in, but I'd just rather get the ball rolling and start to pay off my debts rather than drag it out with the creditor piling on charges. Any thoughts or help on this would be greatly appreciated.
No calls from OPUS for three day though. :T

If your really determined and want to stay in total control you could make use of cashflow

http://www.cashflow.uk.net/about-client

You will need to be referred by one of the free DMP providers, sorry but I don't know whether that will be Payplan, CCCS or CAB.
With Cashflow you have the ability to provide a recognised CFS(Common Financial Statement) which they have to accept. If they fail to accept you can play hardball and just give them token payments each month whilst rasing a formal complaint with the OFT if they do not accept the CFS. They are not entitled to view your personal financial details end of.

devon_guy

Well an update......Lloyds refused to freeze the interest on one of my loans with them but did on the other which I thought was very odd. I phoned them up and got nowhere. I called CCCS who I have to say weren't much use either and just told me to write in. I did and I've had a phone call this morning saying they have agreed to freeze the interest charges and will also refund Novembers charges back onto the account. Furthermore as a gesture of goodwill they are sending me a cheque for £50! Result!!

Twit_Head

Standingtall wrote: »

I cannot wait to see my twenty year old son's face when he unwraps the new duvet I have got him for Christmas, a replacement for the wrecked one which currently valiantly attempts to keep him warm! :rotfl: I can imagine all the things he thinks that rather large box may contain, but I can guarantee that a duvet is not one of them:rotfl: Still, he is getting a cinema voucher as well so that will put a smile on his face:)

:rotfl::rotfl::rotfl:

'Twitty'

shortie1205

Bettingmad wrote: »

re

If your really determined and want to stay in total control you could make use of cashflow

http://www.cashflow.uk.net/about-client

You will need to be referred by one of the free DMP providers, sorry but I don't know whether that will be Payplan, CCCS or CAB.
With Cashflow you have the ability to provide a recognised CFS(Common Financial Statement) which they have to accept. If they fail to accept you can play hardball and just give them token payments each month whilst rasing a formal complaint with the OFT if they do not accept the CFS. They are not entitled to view your personal financial details end of.

I use cashflow and have never had to supply wage slips. Most of the letters that we get asking for wage slips are the standard ones sent out by banks and sending the cashflow SOA has always been accepted. To get onto cashflow I spoke with nationaldebtline and they arranged for a cashflow specialist to call me. Easy to set up and run with. PM if you want any advise.

Joyanne

Hi all, I need some advice. I'm at the start of my dmp, first payment on Jan 1st, I have just received a letter from studio saying they will not even consider lower payments because of the recent vast increase in my balance and will be telling cccs the same thing. Unfortunately I ordered some birthday presents at the beginning of dec and a few days later my husbands hours were cut in half, which is when I decided dmp.
So my question is wat to do next, do I send them a letter telling them about my husbands job and that when I ordered the stuff I thought I could meet the minimums, basically write them a begging letter or shall I just leave it and see wat happens next, which is scaring me alot.