DCM Nottingham / DCM Money Solutions in administration?

mikewjones_from_wales

whiskeymac wrote: »

owed 4 .5 k to these people , took me to court dcm said not to worry would sort it out now owe on this 1 debt 13k rising at £6 per day what is the point of going on they are not interested just want more and more money I dont have.there comes a time when the resolve falters especialy dealing with hillesden securities. It just seems to now go from bad to worse at the moment cant see any way out oh for happy days and a life

Please find attached blog link to cleardebt

http://ask.cleardebt.co.uk/cleardebt/topics/cleardebt_reveals_debt_data_from_apex_and_dcm_money_client_database?utm_content=topic_link&utm_medium=email&utm_source=reply_notification



Speak to Andrew Smith

He posts on here as rednelly.

There is also other good companies out there. I used BAC (bankruptcy advisory centre) they dont do bankruptcy they do other forms too.

Rednelly_2

wheelerr wrote: »

Hi all,

I have had a letter today to the occupier looking for me in my maiden name. Has anyone heard or dealt with a company called dlc they are based in brackley Northamptonshire.

If I deal with them direct could any one tell me what they have offered companies as payments. I will be starting with what dcm told me they had agreed to pay.

Any advise is welcome, or experiences etc.

Thanks

Hi, as mikej has said below, this is a debt collection company (Direct Legal & Collections) - not a debt management company.

Their sole interest is in getting back from you as much as possible of what you owe. They will either have been given the job of doing this by one of your original creditors or the creditor will have sold the debt to them.

I’ve talked to the manager of our creditor liaison department and she tells me this firm is known to her and, in fact, they are, in her experience, far from being the most aggressive and may be prepared to be reasonable.

Our suggestion is that you should first establish from them (in writing) the particulars of the debt they believe you owe. You should then write to them making a reasonable offer, either of a regular payment or, if you have the resources (And I know this is probably difficult and, after your experience of DCM, also almost certainly rubbing salt into the wound) a full and final settlement.

If you offer a regular payment be sure to ask the company to freeze interest on it. It’s very likely that they will – but only if you ask.

It's impossible to advise on the offer you should make without knowing someone's full personal situation. But ensure any offer you make is really affordable - it needs to be continued until everything is paid off: Asking for interest to be frozen could make a big difference here. We believe this particular firm may offer full and finals if you have the funds. Depending on your circumstances, they might go down to about 60% of the total sum owed. Often, it'll be a bit higher.

Don’t ignore them – if you do, they will escalate their activities and you run the risk of it ending in litigation.

All the very best...

wheelerr

Rednelly wrote: »

Hi, as mikej has said below, this is a debt collection company (Direct Legal & Collections) - not a debt management company.

Their sole interest is in getting back from you as much as possible of what you owe. They will either have been given the job of doing this by one of your original creditors or the creditor will have sold the debt to them.

I’ve talked to the manager of our creditor liaison department and she tells me this firm is known to her and, in fact, they are, in her experience, far from being the most aggressive and may be prepared to be reasonable.

Our suggestion is that you should first establish from them (in writing) the particulars of the debt they believe you owe. You should then write to them making a reasonable offer, either of a regular payment or, if you have the resources (And I know this is probably difficult and, after your experience of DCM, also almost certainly rubbing salt into the wound) a full and final settlement.

If you offer a regular payment be sure to ask the company to freeze interest on it. It’s very likely that they will – but only if you ask.

It's impossible to advise on the offer you should make without knowing someone's full personal situation. But ensure any offer you make is really affordable - it needs to be continued until everything is paid off: Asking for interest to be frozen could make a big difference here. We believe this particular firm may offer full and finals if you have the funds. Depending on your circumstances, they might go down to about 60% of the total sum owed. Often, it'll be a bit higher.

Don’t ignore them – if you do, they will escalate their activities and you run the risk of it ending in litigation.

All the very best...

Thanks for the info it is very useful and i will use it for other chasers.

The only problem i have with this is that as i understand it is a statue debt and neither myself or dcm have had contact scince 2005 and it has recently (march 30th ) disappeared from my credit file. I think they have bought the debt and are just trying there luck. It would be a help if some one could explain statue debt rules in lay mans terms to make sure i have the understanding right, then i will deal with it correctly.

If i let it all this gets me down, I will not be paying anyone i dont have too as far as im concerned I have paid out my money for the debts I had, had they been delt with correctly by DCM, i would be debt free,if offered full and finals, I dont have the funds to do that now, nor the energy.

Thanks rednelly for being behind us with the free advice.

Rednelly_2

mikewjones_from_wales wrote: »

where ever i go i see

"they have to abide by this code if they dont you can report it to ......."

What ever happen to checking these people out before you give them license to trade.

Then there is "we are experts in" surely this statment has to count for something before someone can deem themselves experts.

How can someone operate in poultry on day and next go into debt management.

Do they get up and think "wonder what i can do today", i now XXXX XX i know what i can debt management have done it before, how difficult can it be im a expert

Lets be honest Sentley Wilson been a solicitor, that didnt work out then DCM director yep that didnt work out either now car salesman.

it does install a feeling of confidence in people when they dont have the credentials to back up their expertise doesnt it not!!!!!!!!!!!

In the construction industry before you are allowed to operate you must have a CSCS card and to do this you must pass an exam.

Perhaps the same needs to apply to the debt management industry. All people operating in the industry from lowest bod to director must habe this card and pass a test on how they should act. Any failure back to taking the test you have to go, and it not cheap if you have to keep taking it.

oh and you have to take the test every 4 years

Now thats biding by a code of conduct.

Some companies in the industry are trying to do something like this.

Cert.DR (Certificate in Debt Resolution) is the independent academic qualification provided by the Debt Resolution Forum (DRF). It's a level three Advanced BTEC and takes commitment - roughly 210 hours study over a year - and three exams. The pass mark is 70% and roughly 70% of candidates pass first time.

DRF is the training and examination centre for CertDR and they got an "A" from EdExcel when graded for quality earlier in the year.

88 candidates took the exams in the last quarter (over 15 locations across the UK) and DRF now has 108 individuals who have earned the full certificate and 297 learners.

whitecrow

A lot of time taken, a lot of helpful advice and suggestions. That's way more than one would expect from a commercial organisation. I'm not a creditor but thanks Rednelly.

fermi

wheelerr wrote: »

The only problem i have with this is that as i understand it is a statue debt and neither myself or dcm have had contact scince 2005 and it has recently (march 30th ) disappeared from my credit file. I think they have bought the debt and are just trying there luck. It would be a help if some one could explain statue debt rules in lay mans terms to make sure i have the understanding right, then i will deal with it correctly.

Basically, if neither you (or your appointed representative) has made a payment or acknowledged the debt in writing for a period of 6 years, then that debt would be statute barred.

Once a debt becomes statute barred, NOTHING you then do can unbar it.

A debt becoming statute barred means that a creditor will no longer have a right to take legal action for the debt.

It also means that if you have heard nothing from the creditor in those 6 years, the creditor would be acting unfairly if they continued to press for payment.

See: https://forums.moneysavingexpert.com/discussion/2992820

Please see the info and links to National Debtline factsheets in this link.

Click

---

> Statute barred debts and the Limitation Acts

fermi

wheelerr wrote: »

The only problem i have with this is that as i understand it is a statue debt and neither myself or dcm have had contact scince 2005 and it has recently (march 30th ) disappeared from my credit file. I think they have bought the debt and are just trying there luck. It would be a help if some one could explain statue debt rules in lay mans terms to make sure i have the understanding right, then i will deal with it correctly.

Just to add to my last post.

If you have a debt that you think is statute barred then......

1) Please start a new thread on this board to ask for opinions & help. That way all posts about it can be on the same thread without interrupting posts, and the people on this board will see that you need help on this specific issue.

2) Please seek advice from one or more of the organisations in my signature. National Debtline (freephone 0808 808 4000) are generally the most clued up on the legal aspects.

mikewjones_from_wales

Well after numerious promises about coming down it would aprear that BBC Nottingham believes wales is too far to go to get the information they need to get a story about what has happened with DCM and their clients. So their representative Verity of the bbc has backed out.

Apparently staffing issues and the economic climate we find ourselves in.

Doesnt matter BBC Nottingham that there are plenty of people in NOTTINGAHM affected by this.

A lot was promised when infact BBC Nottinham delivered nothing, shame on you!!

Never mind plenty of more people to talk to in getting this into the public eye!

Hopefully BBC Wales X-Ray Programme wont let everyone down.

mikewjones_from_wales

still also have the MP on the case too

Will report back with any news

mikewjones_from_wales

Rednelly wrote: »

Some companies in the industry are trying to do something like this.

Cert.DR (Certificate in Debt Resolution) is the independent academic qualification provided by the Debt Resolution Forum (DRF). It's a level three Advanced BTEC and takes commitment - roughly 210 hours study over a year - and three exams. The pass mark is 70% and roughly 70% of candidates pass first time.

DRF is the training and examination centre for CertDR and they got an "A" from EdExcel when graded for quality earlier in the year.

88 candidates took the exams in the last quarter (over 15 locations across the UK) and DRF now has 108 individuals who have earned the full certificate and 297 learners.

No i think a permit to operate in the industry, and this should be monitored by a Debt management/debt collection authority.

No card no job. from director all the way down.

There should be an authority set up to regulate this area of the industry, that would have wide ranging powers.

Companies should pay money to the authority for membership. With the mandate that all debt management debt collection companies have to be members to trade.

Set down rules as to what is expected of these companies and when they are breached the authority should have the power to shut the companies down.

The authority should carry insurance against instances where their members fail the consumer, so that these breaches in rules that leave the consumer out of pocket can be rectified and the consumer reimbursed