We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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
Comments
-
Time_to_face_the_music wrote: »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...
Puzz. xxChristmas 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=47686850 -
Time_to_face_the_music wrote: »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!0 -
Time_to_face_the_music wrote: »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:Debt Free 1st March 2017
0 -
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 2020MBNA: interest frozen - Halifax CC: interest frozen - Halifax Loan: interest frozenHalifax O/D: interest frozen - Barclaycard: [?]
0 -
Time_to_face_the_music wrote: »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 xLBM 17th Oct13 - SC DMP - DFD 10th Feb 2018
paid pre-DMP £6146paid with DMP £2275
F&F's £700 (£450 discount) £1,000 (£1,498.22 discount) £ 700 (489.62 discount)
Total £9725
Current debt to repay £3,503.13 taking one day at a time0 -
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?0 -
Is anyone here doing a self managed ?~~I am debt free~~0
-
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.0
-
TimeToDoIt wrote: »Is anyone here doing a self managed ?
Yes I am, is there something I can help you with?
TTFTM xLBM 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 ThreadsMortgage free 3rd July 2014 - Grateful thanks to the 2013/14 MFW threads"Debt is normal. Be weird!" Dave RamseyProud to have dealt with our debt0 -
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 xLBM 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 ThreadsMortgage free 3rd July 2014 - Grateful thanks to the 2013/14 MFW threads"Debt is normal. Be weird!" Dave RamseyProud to have dealt with our debt0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

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