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? moving to self managed

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  • Have PM'd you

    HHx

    Got it now. Thanks :)
    LBM 10/1/12 ~ DFW Start 6/2/12: £82,344 ~ Now Zero
    :staradmin:starmod::staradmin Debt free 17th April 2015 :staradmin:starmod::staradmin
    Eternal thanks to the DMP & Mutual Support (no.439) and Payment a Day Threads
    Mortgage free 3rd July 2014 - Grateful thanks to the 2013/14 MFW threads
    "Debt is normal. Be weird!" Dave Ramsey
    Proud to have dealt with our debt :)
  • 925pws
    925pws Posts: 121 Forumite
    This is getting interesting. HH other than M&S are you happy staying with CCCS? If so, perhaps go down the FOS route as a first step. If you get nowhere with that then reconsider doing it yourself.

    I'm going to stick with CCCS to see who does and does not stop interest. Once I know that will make up my mind ;)
  • 925pws wrote: »
    This is getting interesting. HH other than M&S are you happy staying with CCCS? If so, perhaps go down the FOS route as a first step. If you get nowhere with that then reconsider doing it yourself.

    I'm going to stick with CCCS to see who does and does not stop interest. Once I know that will make up my mind ;)


    Hi

    I have been to FOS, am not going to rock the boat further at this stage.

    CCCS - ish! But the alternatives are having the guts to play hardball or play poker!

    HHx
  • 925pws
    925pws Posts: 121 Forumite
    Hi

    I have been to FOS, am not going to rock the boat further at this stage.

    CCCS - ish! But the alternatives are having the guts to play hardball or play poker!

    HHx

    Don't worry about guts HH, we're here to support you if you do decide to play hard ball, I'm sure with the wealth of experience on here they have come across every tactic in the book and have every letter to present in the game ;)
  • pure_dead_dopey
    pure_dead_dopey Posts: 2,215 Forumite
    I think your overestimating the will on MSE though, certainly this is my last day posting. HH knows where she has been offered support to sort this out and that of course is still availa
    More than Two Years in

    Doing it the Niddy way:j:j:j

  • I think your overestimating the will on MSE though, certainly this is my last day posting. HH knows where she has been offered support to sort this out and that of course is still availa


    Thanks Dopey, am very grateful for your time and support. Looking forward to hearing bout how you get on too.

    HHx
  • 925pws
    925pws Posts: 121 Forumite
    I think your overestimating the will on MSE though, certainly this is my last day posting. HH knows where she has been offered support to sort this out and that of course is still availa

    So do you think others would not help? Or did I read this incorrectly?

    Just curious is all.
  • Jinx
    Jinx Posts: 1,766 Forumite
    Debt-free and Proud!
    eyeopener2 wrote: »
    HH

    If you reduce M&S to £1 for example would that significantly increase the payments to the other creditors? I'm assuming here you would be keeping your total payment as it currently is is? Would that push you over minimum payments for the others?

    Or do you intend to go self managed, reduce M&S to £1 (tell them some story or other) but keep the other creditors at the same payment rate so your not upsetting them? That would be a plan as I suspect the credtors aren't really bothered who they get the money off whether its CCCS or HH!

    Of course M& S could be bas&*^^£ and go down the CCJ route but thats something that you would have to fight IF it came about. I'm sure the darkside would help with that.

    I see Gimpsdad was posting about IVA on another thread, is this something your considering?

    Sorry for all the questions

    E2

    I just wanted to comment on this post. You would keep your payments to other creditors the same as your circumstances wouldnt have changed. The token payment is purely for a couple of months to force the default/move to a debt collection agency.

    Additionally, M&S could go for a CCJ but they have to default you first, then either fail to reach a negotiated reduced rate with you or agree a repayment plan and you break it. This is the reason that I enclosed a SOA with my offers, it showed I was paying what I could afford and creditors know they cannot have what you dont and that a court will recognise this (plus it costs them to take to court)

    To HH - I totally understand your hesitation but I dont see what you have to lose.... If you reduce the payments they have to do something and their options are limited to accept a token payment, default and negotiate or default and sell the debt.

    With regard to the comment on another post saying they were fed up responding to all the letters; you dont have to. Once you have setup your payment and they (finally) agree to it, you dont need to keep corresponding until there is a change or review needed.

    HTH
    Jinx :)
    Light Bulb Moment - 11th Nov 2004 - Debt Free Day - 25th Mar 2011 :j
  • eyeopener2
    eyeopener2 Posts: 1,783 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    M&S could go to court to ask for a CCJ, but you could also fight it and win - M&S unreasonable behaviour being a starting point. I'm sure the judge would be interested to hear why M&S decided to act in this way (i'm an M&S debtor).

    Pure scum bags M&S are.

    If you do get a CCJ so what? Your credit ratings trashed anyway.

    PDD is right, we have all become scared of the banks and lost sight of what MSE is/was about.

    E2
    I'm Debt Free :j 2/09/2013
    Debt at LBM 30/04/2010 £24,109.38,
  • 925pws
    925pws Posts: 121 Forumite
    Hi HH
    Have you made any decision on this? I've decided to go down self managed myself with the help of those lovely people on the 'other' site. I read the advice there and it seems a good route since M&S are behaving badly.
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