DMP & Mutual Support Thread - Part 8

Lady1982

you making sence but you need to make sure you hve accounted for hat you need to pay the family members or you wouldnt be able to afford the payment on top of your expenses and your dmp payment.
oes that make sence?

matty2712 wrote: »

We have put in our statement of affairs to cccs that we owe family members, I spoke to them as it isnt my debt i can therefore still pay them their payments...

The reason for not getting the faily debts in this planis because they are all retired and wont be able to afford to pay the payments themselves, and as they are not my debts cccs cant account for them..

Am i aking sense or am i waffling ??

matty2712

Yes all accounted for, its in my budget. Seems a little bit better since spoken to cccs, as its family debts and not mine. should be sorted onwards and upwards,

1 dilemma struggling with a bank account, rejected by a few. need to speak to coop about the 1 everyone is on about

dfwsometimesoon

matty2712 wrote: »

We have put in our statement of affairs to cccs that we owe family members, I spoke to them as it isnt my debt i can therefore still pay them their payments...

The reason for not getting the faily debts in this planis because they are all retired and wont be able to afford to pay the payments themselves, and as they are not my debts cccs cant account for them..

Am i aking sense or am i waffling ??

No ur making sense having looked at ur soa can see that family members/friends took loans out in their own names but for you, rather than family lent their money to u as may first look... can fully understand these will have to be paid monthly in full so not to be detrimental to those that took it out for you. Only issue i can see is regarding ur income/expenditure form as there will be £400-£500 showing as awol if that makes sense cccs may be able to slightly juggle income/expenditure although not sure of theyd be able to do so this much best just to explain all to them and see what they say.... on the plus side tho none of these loans will be showing on ur own credit report so will not be visable to any other creditors so no danger of them seeing loans being paid monthly in full so been given preferential treatment i would agree tho main priority is not to fall behind/make lower payments on any of these loans x good luck

matty2712

Well, it seems I am not having much luck, I have checked my credit file with noddle, and for some reason which a loan which I have secured against my house is not showing on my credit file, Why I ask myself i thought all my credit would be showing, If anyone has any info as to why please help.. The company is acenden mortgages

Also yep another dilemma, sorry guys!! I have a loan with Amigo loans formerly known as FLM, the dilemma I have is My brother in law is Guarantor, what will happen with this as I have put it down as a family loan, :mad::mad::mad::mad:

dont get any better, its going from bad to worse,

thanks in advance for your help

dfwsometimesoon

is the secured loan over 6 years old? with regards to the flm loan i would advise to treat this as the same as other loans family members have taken out for u and not include , as soon as u miss/make lower payment on this loan they will take from your brother in law as he is the guarantor

dfwsometimesoon

Just a thot .... are all the loans/credit in joint names?? if the majority is in ur own name ie not including those taken by family etc... would it be worth while setting up the dmp in just ur name therefore not including partners income this would alleviate the issue with x amount having to be set aside for paying the family loans??

Tigsmom

I'm probably a bit late in posting this (my email alerts stopped working!) but I just wanted to mention that I had been holding off sending my DMP off because I didn't have up to date statements from all of my creditors and the DMP said I needed to post these with the DD form and agreement. Some of the accounts were online and our loan only sends statements annually. Anyway I emailed CCCS and they have just replied saying they are not needed. They just need the outstanding balance and the account numbers. They can also put the DMP on hold for up to 6 weeks while we set up our new bank account and send letters to our creditors. Hope this info is helpful to others just starting out.

Hopelessly_Hopeful

matty2712 wrote: »

Well, it seems I am not having much luck, I have checked my credit file with noddle, and for some reason which a loan which I have secured against my house is not showing on my credit file, Why I ask myself i thought all my credit would be showing, If anyone has any info as to why please help.. The company is acenden mortgages

Also yep another dilemma, sorry guys!! I have a loan with Amigo loans formerly known as FLM, the dilemma I have is My brother in law is Guarantor, what will happen with this as I have put it down as a family loan, :mad::mad::mad::mad:

dont get any better, its going from bad to worse,

thanks in advance for your help

Hi Matty

Without meaning to sound rude it seems you are yet to to finsh having the lightbulb moment! Perhaps you could do with deferring start of the DMP, send tokens of £1 for two or three months so you can be paying your family and getting to grips with what you owe and to whom.

Does that help?

HHx

matty2712

Ohhhhhh Mannnnn, I cant wait until this is set up and finally ready to start, I think I might be able to sleep at night then...

***UPDATE***

spoken to provident and they seemed ok about it on the phone, just awaiting a verbal attack from the agent now..

Hopelessly_Hopeful

matty2712 wrote: »

Ohhhhhh Mannnnn, I cant wait until this is set up and finally ready to start, I think I might be able to sleep at night then...

***UPDATE***

spoken to provident and they seemed ok about it on the phone, just awaiting a verbal attack from the agent now..

Good luck

It will get sorted

HHx