📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

DMP & Mutual Support Thread - Part 10

1235236238240241503

Comments

  • Puzzcat
    Puzzcat Posts: 4,200 Forumite
    I just need to run in, jump up and down and shout at the top of my voice ......

    OUR DEBT IS UNDER £10K, WE ARE IN 4 FIGURES!

    Thank you Student Loan Company, you really have made my (and of course my daughter's) day :T

    TTFTM x


    What can I say...

    You_Rock_Emoticon.gif


    Puzz. xx
    Christmas 2020 £109
    I love my dmp started in Nov 13 with SC. Self Managed 2016 57% done
    £60062/25384.84 - 13222.60k UE

    MY DIARY
    http://forums.moneysavingexpert.com/showthread.php?t=4768685
  • Growurown
    Growurown Posts: 5,498 Forumite
    Debt-free and Proud!
    I just need to run in, jump up and down and shout at the top of my voice ......


    OUR DEBT IS UNDER £10K, WE ARE IN 4 FIGURES!


    Thank you Student Loan Company, you really have made my (and of course my daughter's) day :T

    TTFTM x

    Brilliant news TTFTM. Your focus on paying off your debt has been second to none. Well done you! (and Mr. TTFTM of course):rotfl:
    DMP Mutual Support Thread No. 421

    Debt free date 25/11/2015 - Made It!
  • I just need to run in, jump up and down and shout at the top of my voice ......

    OUR DEBT IS UNDER £10K, WE ARE IN 4 FIGURES!

    Thank you Student Loan Company, you really have made my (and of course my daughter's) day :T

    TTFTM x

    Fantastic news TTFTM! Well done and what an inspiration to the rest of us:beer:
  • Hey, couple of quick questions that I don't think I've come across the answer for (although there's been so much info on here that I may have just blindly missed it!)


    First, has anybody found that any of their creditors don't put a mark on their credit file? As in they don't show up as defaults or as APs at all, and when it's paid off it's just another closed account?


    Second (This isn't directly related to DMPs but I figure someone will have some knowledge about this), let's say best case all of my creditors apply a default in month one, and it takes me 3 and a half years to pay off my debts owed, leaving 2 and a half years until my credit file is 'clean' again - if I was to apply for a joint mortgage with my boyfriend who has a completely clean credit file, would we still be more likely to be rejected? We will be looking to buy a house once I'm debt free, and ideally I don't want to have to wait six years plus (dependent on defaults/APs applied) or get a mortgage just in his name/salary, but it would be good to know if anybody has been in a similar situation. :)
    LBM 14th November 2014 - Total debt £8,852.54
    Step Change DMP started 01 January 2015.
    DFD June 2020
    MBNA: interest frozen - Halifax CC: interest frozen - Halifax Loan: interest frozen
    Halifax O/D: interest frozen - Barclaycard: [?]

  • I just need to run in, jump up and down and shout at the top of my voice ......


    OUR DEBT IS UNDER £10K, WE ARE IN 4 FIGURES!


    Thank you Student Loan Company, you really have made my (and of course my daughter's) day :T

    TTFTM x
    :T:j:T:j:T :T:j:T:j:T:T:j:T:j:T :T:j:T:j:T :T:j:T:j:T
    LBM 17th Oct13 - SC DMP - DFD 10th Feb 2018
    paid pre-DMP £6146 :D paid with DMP £2275 :D F&F's £700 (£450 discount) £1,000 (£1,498.22 discount) £ 700 (489.62 discount) :D Total £9725

    Current debt to repay £3,503.13 taking one day at a time
  • nottoolate
    nottoolate Posts: 1,359 Forumite
    can someone help here. to complain about interest and changes. to fos.

    know some people have had charges stopped an even refunded by threatening or going to the fos

    Feel let down by Stepchange. How can I help myself?
  • Is anyone here doing a self managed ?
    ~~I am debt free~~
  • I recieved my first default notice today from Nationwide along with a letter saying they are accepting my SC payment. This is a good thing, right? I assume I will get one from each company.
  • TimeToDoIt wrote: »
    Is anyone here doing a self managed ?

    Yes I am, is there something I can help you with?

    TTFTM x
    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 :)
  • nottoolate wrote: »
    can someone help here. to complain about interest and changes. to fos.

    know some people have had charges stopped an even refunded by threatening or going to the fos

    Feel let down by Stepchange. How can I help myself?

    Have you ever made official complaint(s) to Creation? Then followed it up with the FOS? If not, try using a template similar to this:
    You

    Date

    Them

    Dear Sir/Madam

    Complaint re: [Creditor name] account No: XXXXXXXXXXXXXXX

    Thank you for your letter/statement concerning the above account. I am sorry that you feel unable to suspend interest/charges on the above account.

    As you are aware, I/we am/are in a DMP with XXXXXXXX, reference number XXXXXXXX. The majority of my/our other creditors have agreed to the offer of payment and agreed to suspend any interest charges still accruing. They have accepted that to continue to charge interest would not assist us in my/our present financial difficulties, and can only serve to increase my/our total debt.

    I/we have already paid considerable sums in interest to my/our account. If interest charges continue, the monthly instalments I/we am/are paying will not even cover that interest. Also, the cooperation of my/our other creditors who have agreed to freeze interest already would be put at risk.

    I am aware that XXXXXXX subscribes to the Lending Code which states that lenders will consider reducing or suspending interest and charges if these would cause the debt to increase or lead to the repayment term becoming too extended. I would therefore be grateful if you would reconsider your decision not to freeze the interest. This would mean that the monthly payments I/we make would actually reduce the balance outstanding to your company.

    Please consider this letter as a complaint about the interest charges you are continuing to apply to my account. I would like to see these stopped immediately and previous interest charges refunded.

    If you are unable to help me with this issue, I will have no alternative but to take this case to the Financial Ombudsman Service.

    I look forward to hearing from you as soon as possible.

    Yours faithfully

    You
    ________________________________________

    Lots more really useful template letters and tons of other information on National Debtline website:

    https://www.nationaldebtline.org/EW/...s/default.aspx

    And lots of fantastic information on NED CAB DMP website:

    https://nedcab.cabmoney.org.uk/dmp.asp

    Hope this is useful but if you need any more help, someone here will always offer their advice or point you in the direction of someone who can assist.

    TTFTM x
    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 :)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.6K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 600K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.