Template Letter needed

TakingControl

Good afternoon

I hope someone can help me with a template letter? I have been in a DMP since 11/2009 and have been able to clear a large amount of debt and I am now in a position to stop the DMP and pay my remaining creditors (Barclay Card and Capital One card) again under the terms and conditions.

Capital One did default me whereby Barclays hasn't, they placed an arrangement to pay.

Does anyone have a template letter which I could use to inform them my financial hardship has finished and to re-instate my normal payments including monthly statements to me?

Thank you:D

[Deleted User]

Can't help you, unfortunately.

But can I offer my sincere respect to you for standing up and saying "I'm now in a position to pay you back, so let's get on with it". Best of luck and well done.

izools

Capital One won't re-instate the standard T&C - once defaulted, there's no going back I'm afraid so that will mar your credit file for six years from the date of default.

What you might be able to get away with, however, is writing to them, offering to pay the entire default balance in one fell swoop, on condition that they remove the default in it's entirity from your credit file. If they say no, withold payment for six months and try again. Witholding payment against an outstanding default won't affect your credit standing any more than it's already been affected.

As for Barclaycard, just call them up, during office hours, they'll pop you through to their financial difficulties team and take the account out of an AP and resume standard payment & charging

TakingControl

Thanks zx81

izools - I know the default remains there for 6 years, nothing I can do about that. As for offering to pay the balance in one go, I don't have that kind of money kicking around. Not paying isn't an option either as I don't want them to go and try for a CCJ as I have financialy recovered and although the defaulted me, they did actually as one of the first ones stop interest straight away. I know banks take us for a ride with charges etc but equally Capital One were very easy to deal with and call me silly, I do appreciate them being helpful.

I know I can ring Barclays/Capital One but really would like to put it in writing as a security should they not send a statement etc in time for next payment.

Anyone got any template?:o

izools

TakingControl wrote: »

Thanks zx81

izools - I know the default remains there for 6 years, nothing I can do about that. As for offering to pay the balance in one go, I don't have that kind of money kicking around. Not paying isn't an option either as I don't want them to go and try for a CCJ as I have financialy recovered and although the defaulted me, they did actually as one of the first ones stop interest straight away. I know banks take us for a ride with charges etc but equally Capital One were very easy to deal with and call me silly, I do appreciate them being helpful.

I know I can ring Barclays/Capital One but really would like to put it in writing as a security should they not send a statement etc in time for next payment.

Anyone got any template?:o

There isn't a template!

ALl you need to do is write to barclaycard with your account number saying exactly what you've said here. Nothing special or unique.

SImply "Please take the above account number out of a reduced payment agreement and re-instate the account to an interest-bearing one as pur our original credit agreement. Please also ensure to remove the Arrangement to Pay marker from my credit file as of this date" etc.

Took them two months to do this when mother wrote to them a while ago so don't expect it to change in time for your next statement.