DMP & Mutual Support Thread - Part 8

Time_to_face_the_music

Bring_It_On wrote: »

I am sure someone with more experience can answer this as I am a Newbie myself but I cancelled all DD's and Standing orders for CC's and loan and paid mine via online banking before I closed my account down, then I just sent a £10 cheque for my loan from my new account, not sure if this is right or not?

I think the reason why people use a postal order is because you don't get a cheque book with a basic bank account but I opened another current account so got a cheque book but I could be wrong and there could be another reason.

Not much experience here but I seem to remember someone saying that you used postal orders so as to not give any details of your new bank account.

Someone please correct me if I am wrong

Nitamcc21

HI All,

I've just posted in another thread then found this one... OOPS!

I just wanted some advice really.

I'm currently in a DMP. When they change payments every now and again 1 company is adding £100 to the bill as well as charging the usual interest. Is there anything that I can do about this? My bill with them is now higher than when I started out...

Many thanks

Neets

BlushingRose

Nitamcc21 wrote: »

I'm currently in a DMP. When they change payments every now and again 1 company is adding £100 to the bill as well as charging the usual interest. Is there anything that I can do about this? My bill with them is now higher than when I started out...

not quite sure what you mean. One company is charging interest - and charging you £100 for something? Do you know what this is? Is it a PPI payment or something?

Bring_It_On

Time_to_face_the_music wrote: »

Not much experience here but I seem to remember someone saying that you used postal orders so as to not give any details of your new bank account.

Someone please correct me if I am wrong

oops I've blown that then, but they wouldn't be allowed to do anything with those details anyway would they?

Growurown

iwilldoitthistime wrote: »

When you send token amounts, can you only do it by postal order

I paid most of mine over the counter at my bank with cash. I had already got my new bank account and as soon as my money was paid into it I just withdrew the cash and used the counterfoil at the bottom of the bills. Then I followed it up with the standard letter amended slightly telling them what I had done.

Nitamcc21 wrote: »

I'm currently in a DMP. When they change payments every now and again 1 company is adding £100 to the bill as well as charging the usual interest. Is there anything that I can do about this? My bill with them is now higher than when I started out..

This can happen - usually at the start of the DMP when creditors are piling on the charges etc. This seems excessively high though. I think you should call them and find out exactly what this charge is for.

Growurown

Bring_It_On wrote: »

oops I've blown that then, but they wouldn't be allowed to do anything with those details anyway would they?

No I don't think so, but sometimes it can be difficult to know what company owns what bank so you may inadvertently open a new bank account linked to another debt. Whether a creditor would cotton onto this or not I don't really know but they certainly will if you send them one of their own cheques.

trainergirl

Hi all, I'm having a bit of panic and would appreciate some advice.

All the info about the DMP has come through from CCCS, so far so good. However I'm still worried about the amount of hassle I'm going to face as it starts so I'm considering applying for a loan instead of doing the DMP.

I've already been turned down by Lloyds and M&S Money but I figure I could give it one last roll of the dice.

I've made so many bad decisions when it comes to my finances - is this another one? Should I accept the DMP??

Am so confused!! Any advice from the good people on here would be great

redfalcon

Hello everyone!

Been reading through all the advice on this thread and it has finally encouraged me to face my debt and apply for a DMP through CCCS.

In the process of sending letters to my creditors and all the documents back off to CCCS.

Had to sign up for this forum so i'm not alone on this journey

AmyV_2

Bring_It_On wrote: »

oops I've blown that then, but they wouldn't be allowed to do anything with those details anyway would they?

I don't think they can do anything with the details, I think the reason we decided on postal orders is that you don't need to sign them. At the time (going back about 3 years) there was a lot of talk about a debt not being collectable unless there was evidence of the original credit agreement. (I don't think thats necessarily true anymore). Many Creditors had lost these, particularly when they kept merging in different companies and documentation gets lost.

It was said that some of the more unscrupulous Creditors were therefore forging signatures on credit agreements which they had gleaned from correspondence or cheques.

So we don't sign anything, just print the name. Just a safeguard really, but of course if you write a cheque you have to use your real signature.

I expect this is very, very rare, and I haven't heard of it happening since then so I wouldn't be overly worried.

MadelinesMum

Hi all, I'm quite new to DMP and have just started to sort out a new bank account (Barclays). Payplan told us to open a Barclays account and sent us the forms to fill out. OH has just received a letter from his BHS cc and it states it is arranged through Barclaycard. He owes about £2k on the cc. I may be worrying about nothing, but am now thinking we will lose our wages if the BHS card takes money from our Barclays account Am I worrying about nothing or has Payplan advised us to open the wrong bank account? Thanks in advance.