DMP & Mutual Support Thread - Part 9

RonniesMummy

Hopelessly_Hopeful wrote: »

Good news on the whole then

Best to take notice of Lloyds rather than SC in this case!

Given Ms TTFTM advice have you consider writing to Aqua and asking them to default you?


HHx

Thank you, I think this may be a good idea, need to sit down and write some letters I think!

Growurown

Denebola wrote: »

Capital One CC
Natwest CC
Tesco CC

Hi, the above three stopped all interest for me, but haven't any experience with the others listed.

gig11

Hi all after all going well for 12 months on Dmp have had a bad month first M&S decide to start charging interest and now one of my payments from SC to sainsburys has gone missing so letters and phone calls have started. Have to say phone call to SC sorted the missing payment they have stopped the cheque and will be issuing a replacement within the next 2 weeks then had to ring Sainsburys back and tell them . Hope the replacement cheque doesnt take too long ....

nextyeartina

Hi again.

Still nothing from creditors. I know I should phone them up but would rather write. Does anybody know of a letter template I could use to ask if my payment plan has been accepted and if interest & charges have been reduced or stopped. Very have finally stopped phoning :j.

Thanks, Tina x

DaisyChain1980_2

Hi all

I've just registered with this site & this is my 1st post so bare with me...

A few yrs ago I got into arrears with JD Williams (Simply Be), the account went to Reliable Collections & to cut a long story short they pushed me towards a DMP with a company called Kensington Finance, who were really easy to deal with, they dealt with JD Williams on my behalf, interest was frozen, all charges were stopped & everything was fine.

Over the last few mths, my circumstances have changed & I started to find meeting all my payments increasingly hard. I have other debts apart from the 1 to JD Williams which I started to struggle to pay. Stupidly, I borrowed more money in an attempt get back on my feet & for a while, things were ok. But this soon back fired & then Xmas came & again I started to struggle.

So, my New Years resolution was to tackle my debts head on. I contacted StepChange, who have been extremely helpful & I am now on a DMP with them. For the 1st time in mths, maybe even yrs, I started to feel in control of my debts & more positive than I have in ages!

But this morning, I had a phone call from Kensington Finance asking to discuss the letter I had sent them cancelling the DMP I had with them for JD Williams. The lady was very nice but very pushy & I'm now starting to doubt my decision to have a DMP with StepChange.

Basically, she told me that I've probably made my situation worse as StepChange are a charity who are funded by creditors, therefore creditors have to recoup this money somehow & its therefore unlikely that my creditors will agree to freeze interest & charges, especially JD Williams. Now, common-sense tells me that she will probably say anything to keep my DMP with Kensington but its put doubts in my mind. I'm now worried that my creditors will keep adding interest and charges & this will only make my situation worse!

I really need some reassurance that I am doing the right thing!

RonniesMummy

DaisyChain1980 wrote: »

Hi all

I've just registered with this site & this is my 1st post so bare with me...

A few yrs ago I got into arrears with JD Williams (Simply Be), the account went to Reliable Collections & to cut a long story short they pushed me towards a DMP with a company called Kensington Finance, who were really easy to deal with, they dealt with JD Williams on my behalf, interest was frozen, all charges were stopped & everything was fine.

Over the last few mths, my circumstances have changed & I started to find meeting all my payments increasingly hard. I have other debts apart from the 1 to JD Williams which I started to struggle to pay. Stupidly, I borrowed more money in an attempt get back on my feet & for a while, things were ok. But this soon back fired & then Xmas came & again I started to struggle.

So, my New Years resolution was to tackle my debts head on. I contacted StepChange, who have been extremely helpful & I am now on a DMP with them. For the 1st time in mths, maybe even yrs, I started to feel in control of my debts & more positive than I have in ages!

But this morning, I had a phone call from Kensington Finance asking to discuss the letter I had sent them cancelling the DMP I had with them for JD Williams. The lady was very nice but very pushy & I'm now starting to doubt my decision to have a DMP with StepChange.

Basically, she told me that I've probably made my situation worse as StepChange are a charity who are funded by creditors, therefore creditors have to recoup this money somehow & its therefore unlikely that my creditors will agree to freeze interest & charges, especially JD Williams. Now, common-sense tells me that she will probably say anything to keep my DMP with Kensington but its put doubts in my mind. I'm now worried that my creditors will keep adding interest and charges & this will only make my situation worse!

I really need some reassurance that I am doing the right thing!

I think you have done the right thing, Kensington (correct me if I am wrong) charge you each month to carry out your DMP, with stepchange every single penny you pay goes to your creditors, so you will pay your debts off quicker!

Stick with it, I am on month 2 with stepchange and things really do get easier

x

antonic

Dont kid yourself that they are doing this in your bst interest because they arent, all they are worried about is losing the monthly fees you hav been paying.

Remember all you can pay is whats left after everything else has been paid.

Speak to Stepchang, get your Dmp set up and tell Kensington to do one

DaisyChain1980 wrote: »

Hi all

I've just registered with this site & this is my 1st post so bare with me...

A few yrs ago I got into arrears with JD Williams (Simply Be), the account went to Reliable Collections & to cut a long story short they pushed me towards a DMP with a company called Kensington Finance, who were really easy to deal with, they dealt with JD Williams on my behalf, interest was frozen, all charges were stopped & everything was fine.

Over the last few mths, my circumstances have changed & I started to find meeting all my payments increasingly hard. I have other debts apart from the 1 to JD Williams which I started to struggle to pay. Stupidly, I borrowed more money in an attempt get back on my feet & for a while, things were ok. But this soon back fired & then Xmas came & again I started to struggle.

So, my New Years resolution was to tackle my debts head on. I contacted StepChange, who have been extremely helpful & I am now on a DMP with them. For the 1st time in mths, maybe even yrs, I started to feel in control of my debts & more positive than I have in ages!

But this morning, I had a phone call from Kensington Finance asking to discuss the letter I had sent them cancelling the DMP I had with them for JD Williams. The lady was very nice but very pushy & I'm now starting to doubt my decision to have a DMP with StepChange.

Basically, she told me that I've probably made my situation worse as StepChange are a charity who are funded by creditors, therefore creditors have to recoup this money somehow & its therefore unlikely that my creditors will agree to freeze interest & charges, especially JD Williams. Now, common-sense tells me that she will probably say anything to keep my DMP with Kensington but its put doubts in my mind. I'm now worried that my creditors will keep adding interest and charges & this will only make my situation worse!

I really need some reassurance that I am doing the right thing!

Newchapter

Hellow again fellow DMPers, I hope you are well and coping.

I've just made a complaint to Lloyds about their mis-selling me an added value account. They didnt agree and so did not offer compensation...but they had made mistakes with administrating my account (wrong address etc) and so are sending me a goodwill payment of £130. They've also agreed to stop charging me interest on my overdraft that I am trying to pay off. So not a brilliant life changing outcome, but good enough I say. Its worth complaining!!

Also I am in awe with those of you self managing. I am getting ready to try ot myself. Perhaps next year I'll bite the bullet. I think thats the way to go actually. The first year or so on a DMP can be daunting, but when it settles down, its all straight forward, it seems to me.

My next project - to claim for a delayed flight. I'm following the CAA guidelines so we'll see what happens,

ttfn:j

Hopelessly_Hopeful

Newchapter wrote: »

Hellow again fellow DMPers, I hope you are well and coping.

I've just made a complaint to Lloyds about their mis-selling me an added value account. They didnt agree and so did not offer compensation...but they had made mistakes with administrating my account (wrong address etc) and so are sending me a goodwill payment of £130. They've also agreed to stop charging me interest on my overdraft that I am trying to pay off. So not a brilliant life changing outcome, but good enough I say. Its worth complaining!!

Also I am in awe with those of you self managing. I am getting ready to try ot myself. Perhaps next year I'll bite the bullet. I think thats the way to go actually. The first year or so on a DMP can be daunting, but when it settles down, its all straight forward, it seems to me.

My next project - to claim for a delayed flight. I'm following the CAA guidelines so we'll see what happens,

ttfn:j

Consumer power. Well done you!

HHx

Hopelessly_Hopeful

DaisyChain1980 wrote: »

Hi all

I've just registered with this site & this is my 1st post so bare with me...

A few yrs ago I got into arrears with JD Williams (Simply Be), the account went to Reliable Collections & to cut a long story short they pushed me towards a DMP with a company called Kensington Finance, who were really easy to deal with, they dealt with JD Williams on my behalf, interest was frozen, all charges were stopped & everything was fine.

Over the last few mths, my circumstances have changed & I started to find meeting all my payments increasingly hard. I have other debts apart from the 1 to JD Williams which I started to struggle to pay. Stupidly, I borrowed more money in an attempt get back on my feet & for a while, things were ok. But this soon back fired & then Xmas came & again I started to struggle.

So, my New Years resolution was to tackle my debts head on. I contacted StepChange, who have been extremely helpful & I am now on a DMP with them. For the 1st time in mths, maybe even yrs, I started to feel in control of my debts & more positive than I have in ages!

But this morning, I had a phone call from Kensington Finance asking to discuss the letter I had sent them cancelling the DMP I had with them for JD Williams. The lady was very nice but very pushy & I'm now starting to doubt my decision to have a DMP with StepChange.

Basically, she told me that I've probably made my situation worse as StepChange are a charity who are funded by creditors, therefore creditors have to recoup this money somehow & its therefore unlikely that my creditors will agree to freeze interest & charges, especially JD Williams. Now, common-sense tells me that she will probably say anything to keep my DMP with Kensington but its put doubts in my mind. I'm now worried that my creditors will keep adding interest and charges & this will only make my situation worse!

I really need some reassurance that I am doing the right thing!

Hi

Step change have a 'donation' of 10% of the recovered costs from the creditors, no extra cost to you but you may well need to still do some communicating with the creditors to keep interest frozen etc. You will still be better off with them than a private provudor in my opinion.

Good luck whichever you choose

HHx