DMP & Mutual Support Thread - Part 10

Sazzie23

January2015 wrote: »

Where do you see how much they have offered each creditor? I can only see the total owed to each creditor....either that or I am not looking in the right place :rotfl:

hi January, I think your DMP is going to be one of those that just doesn't go straightforwardly, :mad: I'd call them up about the creditor names as things went wrong early on for you with SC. :eek:

I think under - your budget tab it will show how much you are paying but I can't remember where the breakdown to creditors is.

Sazzie23

lumpyspaceprincess wrote: »

So long time no see. My DMP has been ticking along okay for a while now, and I'm happy to say my OH has just started part time work.

The DMP is only in my name and he was earning nothing when I took it up so in April I'm going to ring SC and tell them how much more I can afford to give, as he's contributing £50 per week, which is half of what he's earning to be fair! Better than a kick in the teeth. Hopefully this will mean being able to make my DFD sooner!

We've also decided to get married this year, however we're keeping this thrifty. I get a little bonus from work, and we're literally doing register office / village hall affair with home made invites / blagging gifts from talented folk! It's going to be a challenge but a rather exciting one i think!

Hey lots to celebrate here :j

Engagement, and wedding :beer:
OH has a new job :j
Increasing DMP payments = reducing DFD :j
DMP going smoothly :T

Fab wedding ideas, I think there is a MSE thread somewhere on weddings if you are interested in more ideas though you sound I've you pretty much in control. And it s about who you marry, not what colour the chairs are

Many congratulations xx

Sazzie23

Just a point of interest for newbies

If debt gets passed to a DcA, they will usually inform you, but I found it takes 7-8 weeks before you get notified officially. The payments seem to eventually find their way to the right place and it's disconcerting when you are in limbo land, but try not to worry.

If with SC just keep paying and when they give new DcA details, change the payee with SC, you can do it with the DMP login.

If self managed change your payee details with the bank.

I know the thought of going to DcA is worrying, embarrassing and maybe a bit humiliating but actually most folk on here have found many DcA's very friendly and easy to deal with. (And no one else need to know).

spot3

Absolutely, Sazzie. I found when one of mine was passed to a DCA, the phone call to them was very pleasant and about 2 minutes long, as soon as I said I was with SC they took my reference number and thanked me and said they'd wait to hear from them.

The main thing that my DMP has taught me is that I don't have to be scared to speak to companies about debt, in my experience they have been very easy to deal with. I would not have expected that when I was in the depths of despair about how I was going to pay them.

Time_to_face_the_music

lumpyspaceprincess wrote: »

So long time no see. My DMP has been ticking along okay for a while now, and I'm happy to say my OH has just started part time work.

The DMP is only in my name and he was earning nothing when I took it up so in April I'm going to ring SC and tell them how much more I can afford to give, as he's contributing £50 per week, which is half of what he's earning to be fair! Better than a kick in the teeth. Hopefully this will mean being able to make my DFD sooner!

We've also decided to get married this year, however we're keeping this thrifty. I get a little bonus from work, and we're literally doing register office / village hall affair with home made invites / blagging gifts from talented folk! It's going to be a challenge but a rather exciting one i think!

Great news on OH's job and bringing forward DFD :j

Congratulations on the wedding, I think your version of the big day sounds perfect

TTFTM x

Time_to_face_the_music

Sazzie23 wrote: »

I know the thought of going to DcA is worrying, embarrassing and maybe a bit humiliating but actually most folk on here have found many DcA's very friendly and easy to deal with. (And no one else need to know).

spot3 wrote: »

Absolutely, Sazzie. I found when one of mine was passed to a DCA, the phone call to them was very pleasant and about 2 minutes long, as soon as I said I was with SC they took my reference number and thanked me and said they'd wait to hear from them.

The main thing that my DMP has taught me is that I don't have to be scared to speak to companies about debt, in my experience they have been very easy to deal with. I would not have expected that when I was in the depths of despair about how I was going to pay them.

I had a real fear of DCAs, it seemed somehow worse to be with one, rather than the original creditor, can't even explain why I felt like that but I felt like it would be a terrible thing

When Lloyds TSB eventually transferred OD account to Cabot, I rang them and they were unbelievably helpful. They did insist on running through an I&E on the phone but I just printed our own off and they were happy with me talking through that. Then they really astounded me by asking was I sure we could afford it and would we like to pay them a bit less!

I am not claiming all DCAs are the same but in our case, Cabot were much easier to deal with than Lloyds TSB themselves.

TTFTM x

so_very_confused

Time_to_face_the_music wrote: »

I had a real fear of DCAs, it seemed somehow worse to be with one, rather than the original creditor, can't even explain why I felt like that but I felt like it would be a terrible thing

When Lloyds TSB eventually transferred OD account to Cabot, I rang them and they were unbelievably helpful. They did insist on running through an I&E on the phone but I just printed our own off and they were happy with me talking through that. Then they really astounded me by asking was I sure we could afford it and would we like to pay them a bit less!

I am not claiming all DCAs are the same but in our case, Cabot were much easier to deal with than
TTFTM x

My thoughts entirely TTFTM . I was horrified that I would be dealing with DCAs as in another life could never have believed it....:rotfl:
I also have Cabot who have been polite, helpful and once explained with SC no problems.
I know DCAs differ but I also wonder if it is that they can see they will get their money back (and some) from people who are committed in paying. Given my level of repayments unless there is a serious change in circumstances I will be paying in full as cannot see anyone being interested in FandF. Just a thought.
svc

neiljmuk

ploppy57 wrote: »

Will certainly let you know, no problem Just spoken to Lloyds re our OD....only spoke to them 2 days ago and they sent another letter today!!! :mad: They have confirmed that as far as OD is concerned, all charges & interest have been stopped for 6 months and will then do another review! Result!:T

I called Lloyds re OD today as they sent a letter confirming acceptance of payments and that they'd reduce the OD in line with payments having increased it to stop charges. The letters don't state charges will be stopped. The one that confirmed an increased OD even confirmed charges still applied. I called today and they confirmed all interest, charges, and pending charges (over £100!) had all been suspended. Could have put that in the letter, but yes, a result there!! :beer: So their CC and OD sorted, like you, just the loan to work on.

I have MBNA and Barclays Debt (in addition to Capital One, Mint, and Argos). MBNA been the best. Can tell Cap1 are playin ball even though they have not told me. Still waiting on Barclays but their heads up letter was a nice one. Argos and Mint, not done much yet as far as I can tell. Think Argos will be a pain!

neiljmuk

Sazzie23 wrote: »

Good, optimism helps us get through the day:j

Pleased to see the Lloyds folk are mounting a united self help team, that's brilliant and what this thread is all about. It sounds like the OD people are playing ball and the loan team are not, keep battling on.

All good, considering the very little time we've been doing this. ploppy57 and I will tag team Lloyds into submission! :j

neiljmuk

Sazzie23 wrote: »

hi January, I think your DMP is going to be one of those that just doesn't go straightforwardly, :mad: I'd call them up about the creditor names as things went wrong early on for you with SC. :eek:

I think under - your budget tab it will show how much you are paying but I can't remember where the breakdown to creditors is.

The only wonky behavior on mine (rather my Wife and I) is that they got our MBNA accounts mixed up so MBNA have accepted a payment of about £5 on a debt of £4500 and frozen interest, and accepted a payment of £48 on a debt of £550 lol. MBNA must be puzzled by the amount offered being twice regular minimum payment and have only reduced interest to 5% as a result but I'm gonna leave it like that, just to burn that card off first then let Stepchange know to increase all the other payments a little on my review in december which will coincide with killing the small debt with the mistakenly large monthly payment