Template to DCA

DGJsaver

Hi All

Can anyone point me in the right direction of a template where it explains to a DCA that we cannot increase our payments ?

They have written and given the usual "we have completed our review and your payments will increase from x amount to x amount..

Thanks in advance

NorthernLas

Try national debtline sample letters section, there will be one in there that you can amend to suit.

http://www.nationaldebtline.co.uk/england_wales/debt_advice.php#6

mr.ton

Its not for a DCA to "conduct reviews" or to insist that "payments will increase"
You are the boss of them, not the other way round.
As a result of their blatant cheek, i would either stop payments altogether (check if they have any proof of the debt) - or reduce your payments to the minimum legal of £1 per month.
Who is the DCA in question by the way?

DGJsaver

The last tme they `reviewed` they tred to increase it 50% , and for their chjeek i reduced it 20%....

The DCA is FCM (First Credit Management)

mr.ton

DGJsaver wrote: »

The last tme they `reviewed` they tred to increase it 50% , and for their cheek i reduced it 20%....

The DCA is FCM (First Credit Management)

Nice i like it
1 day they might learn..but im not hopeful

DGJsaver

Will pen a letter in a bit telling them i can no longer afford the current £15 a month and will be adjusting the payments to £7.50

they will love that i`m sure...

DVardysShadow

DGJsaver wrote: »

Will pen a letter in a bit telling them i can no longer afford the current £15 a month and will be adjusting the payments to £7.50

they will love that i`m sure...

Don't forget to say "Thank you for notifying me of your recent review of my account. This was a very timely prompt to conduct my own review...."

DGJsaver

lol :beer:

DGJsaver

What about this..........

Dear Sir/Madame

Following a review of my current financial circumstances, I have to inform you that I will be reducing my payments to yourselves in respect of the above account, for the foreseeable future.

From the Sept 25th payment, the new figure will be £7.50 per month
Due to the current climate and ever increasing costs of everyday living expenses this is done with extreme regret but utmost necessity

Kind Regards

DVardysShadow

DGJsaver wrote: »

this is done with extreme regret but utmost necessity

Kind Regards

Great style!