DMP & Mutual Support Thread - Part 8

Time_to_face_the_music

moohound wrote: »

From what I have read so far I am dreading dealing with Lloyds TSB, they sound disorganised and unhelpful.

It seems to be like a lottery how a creditor treats any individual, you just never know how they are going to be and for every horror story, there is generally someone else saying that bank has treated them well.

Good luck with your DMP and here's to you feeling a lot better now you are about to get started. You have already taken the most difficult step so well done :T

ben80

My Lloyds CC says I'm on 29.9% interest, but haven't been charged any for years. Current Account is a different matter!

'Ostrich' is going to be my new word for anything finance related - as a joke and a warning!

somewhere_up_there

Payplan rep Gemma.
Could you answer this.
Have made two payments to Payplan, they leave my account by direct debit on the 30th of each month.
May 30th shows up on payplan as 8/June.
Contacted payplan today and they have only made a payment to my creditors today 21/6 and will take another FIVE days to clear.
They said i have made a late payment,but payments to you clearly shows my May payment was on time as it is direct debit and i checked it left the bank on the 30th.
All my creditors have frozen interest,but cannot see them being happy if payplan cannot make the payments.
Where has the money been for 21 days
Is it better to pay by a debit card and cancel the direct debit.
I AM TRYING TO KEEP TO THE BARGAIN I MADE WITH THE CARD COMPANIES TO MAKE A REGULAR PAYMENT EVERY MONTH,BUT HOW CAN I , IF PAYPLAN DO NOT MAKE THE PAYMENTS

Squirrel29

I pay Payplan by debit card around 30th of month and it's in my account by 4th.

Time_to_face_the_music

Squirrel29 wrote: »

I pay Payplan by debit card around 30th of month and it's in my account by 4th.

Hope you don't mind me asking, what date do Payplan pay it to your creditors?

somewhere_up_there

Hi Squirrel.
I would also like to know, what day do your creditors get paid.
As i might change to direct debit.
This is stress not knowing if payplan,are making payments on time.
I can see a lot of late payment letters coming my way,through no fault of mine.grrrrrrrr.

BlushingRose

If you're getting late payment letters, have you told payplan? If so, what do they say?

speshfesh

Scary stuff this isn't it?:eek:
Noticed yesterday that my old current account has disappeared from the online account list (we can see still the CC though:mad:).

Received the letter confirming this from Nationwide today and also that they will be freezing interest and charges on the £4K OD:T.
Result! (so far anyway). I'm sure we won't be so lucky on the Nationwide CC.:mad:
Payment date to them is set for the 31st (I assume they've spoken to CCCS to tie this in with their 25th release date) and they've asked for a payment of around 25% of our DMP payment (the OD is around 20% of our total debt) which seems fairly reasonable in exchange for freezing charges I guess.:)

Only problem I have is that they are stating that the arrangement is for a 3 month period(!?). I'm hoping this is them looking to review the arrangement every 3 months (they've already threatened us with KPR Debt Collection if we default).:mad:

At least we're on our way with what looks like a reasonable start to the official process.

1 response down, 7 to go!!!!:D

Jvic28

I got home today to a letter from SimplyBe. I was so pleased I had to come tell you all right away. I got over £200 refunded to my account leaving my balance at £35!! Awesome, another one nearly gone. Off to update my signature now. Another month or 2 trimmed of my DFD i reckon! Yey me! Will have a read through after LO has gone to bed but just had to tell someone.

speshfesh

Jvic28 wrote: »

I got home today to a letter from SimplyBe. I was so pleased I had to come tell you all right away. I got over £200 refunded to my account leaving my balance at £35!! Awesome, another one nearly gone. Off to update my signature now. Another month or 2 trimmed of my DFD i reckon! Yey me! Will have a read through after LO has gone to bed but just had to tell someone.

I have dreams that I get a letter in the post telling me it was all a big mix up and I don't owe anyone anything!:rotfl::rotfl::rotfl: