Please help, creditors saying they will not accept my dmp?

bcfctrev

I was in a similar situation, and my mortgage company told me that they'd only accept a reduced payment if I got a Financial Analysis done by a company called CCCS (Consumer Credit Counselling Service - a simple google search shows you their website)

After I had this done, they mailed me a copy of the FA. All of my creditors who I'd spoken to previously I called back to offer an even more reduced amount ( as recommeded by the CCCS), at first they refused to take a lesser amount than what I was currently paying, when I mentioned the FA by the CCCS, they all agreed to drop the monthly payments.

The CCCS were very helpful, I was in a situation similar to the adverts "more money going out than coming in" when I was doing the review, they told me to answer honestly, so when they asked about things like savings for holidays, I replied £0, they said that I should put something by for this, and suggested £30, also include things like school meals for kids etc.

I ended up having more money left at the end of the month, than I had done for the previous 10 years

dancingfairy

Abbie - they may not ever officially accept your dmp - that doesn't mean they won't take the payments though. They want as much money from you as possible so they aren't going to agree to reduced payments if they think that with any luck they will get more. You know you don't have any more but they don't -they won't care - they will try every trick in the book to try to make you pay more - stand firm - they can't have what you haven't got.
Tactics can range from the legal to the ilegal, from trying to be friendly, offering you a further loan :eek: (I believe they are breaking guidelines here by offering you further credit - I'd love to see that offer in writing and forward it on to the ombudsman - they could get a slapped wrist for that), threats , bullying , lying - whatever the people at that particular company think they can get away with. They may also say things like we may do this, or we could do that, or this is a possibility.
A lot of companies operate within the law but some don't - easiest thing is not to even bother contemplating speaking to them on the phone - they'll only make you feel rubbish. Insist they put everything in writing to you - keep it formal.
They are likely to send you lots of letters but again if you can't pay more than you are paying you can't pay more. The only thing you need to look out for is a court claim form at which point you can get more advice but the most likely outcome is that the judge agrees with the company that you owe the money but you can ask to pay in installments - you might even be able to defend your case if they can't provide you with any of the relevant paperwork so don't worry about that - courts are there to be fair to both parties - much as the creditors don't like this - you don't get put in prison for being in debt (unless you owe council tax which is a different matter altogether).
Stick with it.
df