DMP & Mutual Support Thread - Part 10

KrazyKel

Thank you, forgot to add HSBC to the list I owe too oops as thats where my Overdraft is!

Puzzcat wrote: »

This is all I could find..
Lloyds Banking Group

• Cheltenham and Gloucester
• Lloyds Bank

Despite HBOS being acquired by Lloyds Bank, both HBOS and Lloyds Banking Group continue to operate under separate banking licences.


So looks like you would be ok using that account unless anyone else knows different?


Puzz. x

SquirrelNuts

KrazyKel wrote: »

Thank you, forgot to add HSBC to the list I owe too oops as thats where my Overdraft is!

None of Barclaycard, Nationwide, Asda CC, Virgin, MBNA or HSBC are linked with Lloyds, so that account is a safe haven!

cheers
Squiz

Ellieseleven

Karen777 wrote: »

Just read more posts further back than I had before and Ellie - I was reading your post about being debt free next year and feeling so pleased for you and then realised that - barring disasters- I too will be debt free next year! I can't believe it! Am scared to believe it as haven't been debt free since I was 18 but still - it could well and may well happen. I need a cup of tea to take this in I think. I haven't dared let myself think too much about the end but now am in the 10s (thousands) I am going to look bravely forward..... thanks for making me realise that with your post!

I know what you mean about not daring to think about the end. I have always had milestones along the way but avoided getting too far in front incase things went wrong. My next big milestone is to reach 15k and it isn't that far away (March 2015). I have now calculated that with a bit of jiggery-pokery I'm sure that I can shave a couple of months of our DFD.

We will reach our 5th anniversary with Stepchange in July - we started in 2010 with a DFD of November 2021 and have managed to cut the original date by almost 5 years, so it can be done.

Ellie xx

Ellieseleven

Time_to_face_the_music wrote: »

Am feeling very happy today with our latest milestone which has taken us under £5000 of debt. I really can see the light at the end of the tunnel burning very brightly now but I still have a few job issues to sort out so won't get too excited yet!


TTFTM x

Touching distance now TTFTM and we will all be here to cheer you on! A fantastic achievement in a short space of time;)

Ellie xx

jubilee14

Such positive vibes coming out of the thread today. Brilliant.

Puzzcat thanks for the heads up gonna check my statement and love your milestones should add to ur signature

TTFTM amazing i cant believe how well you have progressed its within touching disctance now.

Sazzie amaze post for newbies we all remember that fear of panic and unknown .... still do sometimes!

Me well hopefully boiler will be fixed but its gonna cost me. Have managed to hold off reducing my SC payment this month as our car packed in last year so dont want them thinking i go and blow out at xmas and look for help in Jan.

Also BOS have passed the O/d to Capquest so if i can save a bit up i think i will have a fair chance of offering a better F+F rate and that gets one ( all be it the seriously smallest debt off the list.

and best of all its Friday i started with really a bit of a crap week... not going to let it finish like that have a good one all.

System

Its nice to read all these positive posts as we are about to start on our DMP journey....My goal will be to try and shave a few years, or even a few months, of of ours. I know it can be done and will be worth it, although at the moment I still feel in turmoil, trying to sort out new bank accounts and DD's and letters to creditors etc.

Had a phone call from a lovely lady at SC earlier, as I had raised a couple of questions via email, which I thought was lovely and she managed to answer all my queries and definitely put me at ease. I am hoping to get everything sorted for a start date of March 10th, but still awaiting confirmation of the new joint account details and then need to get DD's transferred over, as can't do switching service as we have an OD at out current bank. So not sure if this will all be sorted in time or not....I did think about leaving it till April 1st, but that does seem such a long time to wait and will add quite a bit onto our DMP length. Still at least we are on the right track..am getting there slowly.

Jono987

Hey everyone, should i just forget about halifax not stopping interest and continue to pay SC?

Its a 25% clarity loan (i know ) so was really hoping they would at least reduce the interest.

My normal loan payment is £371 and SC are giving them £332 so this might be why they are not reducing the interest?

BeingDebtFreeStartsHere

Sazzie23 wrote: »

Morning all

Newbie message

If you are having trouble with creditors, :mad:eg Lloyds troubles BDF, when they shift to a DcA I'd continue to pay, the payments seem to get to where they should eventually, but if you are worried, send a recorded delivery letter to the collections team at the creditor, quoting your account number and SC ref and saying this is what is happening, these are the payments that have been made, please make your sure your accounts are up to date and let ask them to reply to you in writing so you have confirmation. It does take several months for an account to get over from creditor to DcA and often the information is limited but it's just like the original set up and the DcA will let you know to change the payments in SC, and you can just log in and do it.

I hope this helps, there are lots of scenarios I haven't covered, but in the main it's grit your teeth, keep plodding through and it will all settle down.

One day soon, you will be able to say like Ellie I will be debt free next year :j:j

Fantastic post Sazzie - thank you x

System

You know the letters advising creditors that we are only making a £1 token payment? Do you just send them to the main address from credit card statement or do they need to go to a particular dept?...like collections or something?? Seems hard to find addresses for some of them

January2015

ploppy57 wrote: »

You know the letters advising creditors that we are only making a £1 token payment? Do you just send them to the main address from credit card statement or do they need to go to a particular dept?...like collections or something?? Seems hard to find addresses for some of them

Hi Ploppy

I don't know if I'm doing this right or not, but I have been sending the letters through the message system on each of my online accounts. I have received prompt answers advising they will hold the accounts for 30 days pending contact from StepChange etc. That way I didn't have to worry about stamps, recorded delivery etc etc. and I have an email trail that they have been received and responded to (as I get an email advising me I have a message waiting on my online account).