DMP - Barclaycard

**STRESSED**

Hi

I've been on a DMP now for 6 years (this year) and have an estimated debt free date of July 2014. Over the years, I have constantly wrote to Barclaycard asking if they could freeze my interest or move my payment date as I always incur a charge each month depsite not having used the card since I cut them up on starting the DMP. Has anyone fought this Barclaycard and won? I could really do with some guidance. I have asked the CCCS and they said its entirely up to the creditor but just wondered if anyone else had incurred this problem?

I know I should be excited to be nearly debt free but i constantly feel like I should be doing more despite living to my budget each month and rarely going out or spending money I just feel a little disheartned.

BlushingRose

I can't help I'm afraid as our DMP has just started. However we too have a Barclaycard and I have a feeling we're going to have the same issues with them x

fermi

May be worth making a complaint to the FOS.

Some people in similar circumstances have had refunds and/or interest/charges stopped.

Read the section in the lending code on repayment plans etc: http://www.bba.org.uk/download/6673

Where creditors should show forbearance to those in financial difficulty and should not extend your repayment time unduly by continuing to charge.

**STRESSED**

fermi wrote: »

May be worth making a complaint to the FOS.

Some people in similar circumstances have had refunds and/or interest/charges stopped.

Read the section in the lending code on repayment plans etc:

Where creditors should show forbearance to those in financial difficulty and should not extend your repayment time unduly by continuing to charge.

So do u think it is worth writing to barclaycard again quoting this or do u think it will aggregate matters? Thanks for the reply and help

fermi

Hard to say really. If they've suspended interest then may not be worth rocking the boat?

Perhaps ask CCCS and see what they reckon.

huskypup

Hi, we also have a DMP with Barclaycard, after a few grovelling letters and phonecalls they did stop interest for 6 months, but then put it upto 6.9%. When I spoke to a really nice lady, she said 6.9% was better than the 27% I was paying - so can't really argue.

Creditors do not have to freeze interest, they are a business and will want to make money. You can ask but they don't have to give.

BevieB

What interest rate are they charging you? We started our DMP in October 2011 and we are charged 3% pa.
I think if you are being charged fees and high interest it is def a good idea to write and complain as we did this with the Halifax and they stopped interest and refunded all charges.

lindann_2

l am the same boat as huskypup, they did freeze it for six months, then l asked them this year if they would do it again.. I think the total payment at the end will be about £100. 00, we owe about £367.00. we are in a extended dmp with payplan, for least 8yrs.. It is due to end next December 2012. After January l am going to higher my payments to payplan, hopefully it will clear my dmp sooner..