Debt Free Direct Over Calculate Income!!

MUMZ2BEE

UpToMyNeckInIt wrote: »

... Not a lot DFD can do about it if you go the DRO route is there. So you can get a little satisfaction from that.

It is a shame that you were not correctly advised initially, as you would have been able to move on from this by now.

Hope you find a good way forward after your meeting with CAB.

Thank you very much will be going there tomorrow.

I think DFD are money grabbing !!!!! and dont care if I can afford an increase in my payments or not.

Hopefully though with my complaint going to the FOS it will shake up their attitude towards vulnerable clients like myself.

I feel I've been paying into this IVA for nothing and could have been debt free by now thanks to a DRO.

I'm a bit miffed in all honesty!!

MUMZ2BEE

I have just sent DFD my expenditure breakdown for the month, even though they can see what come in and out in my bank statement.

I've made a full and final over of £150 and no more to them as I simply cannot afford any more money.

I have told them that my main creditor Halifax lent to me irresponsibly and that they have to accept this that they are the cause of me being in this mess and I wont allow them to increase my terms and conditions any more.

If not, I shall allow the IVA to fail, and I will apply for the DRO through the CAB!!

UpToMyNeckInIt

I fear sadly that DFD, and the iva industry generally will not learn.

There are far too many instances of iva customers posting on these forums, where it is clear with the benefit of hindsight that an iva was not the way to go. This leads me to conclude that the practice of iva miss selling is reasonably commonplace, and I an sure that you will not be the last customer with this type of issue.

Iva's have their place and are often the least painful of the debt solutions, if you have assets to protect.

Trouble is, they are very profitable as well, so it is no surprise that they get sold on so may people, who may see it as the only olive branch.

Let us know how you get on with CAB.

Good luck.

MUMZ2BEE

UpToMyNeckInIt wrote: »

I fear sadly that DFD, and the iva industry generally will not learn.

There are far too many instances of iva customers posting on these forums, where it is clear with the benefit of hindsight that an iva was not the way to go. This leads me to conclude that the practice of iva miss selling is reasonably commonplace, and I an sure that you will not be the last customer with this type of issue.

Iva's have their place and are often the least painful of the debt solutions, if you have assets to protect.

Trouble is, they are very profitable as well, so it is no surprise that they get sold on so may people, who may see it as the only olive branch.

Let us know how you get on with CAB.

Good luck.

Thanks for the help.

I've got an appointment for this week to see the CABS debt advisor.

I've just had another email fromt DFD; they are still claiming I get £962 per month; I dont think this will ever be resolved, even though my bank statement clearly shows this figure of £888 to be correct.

I really am at the end of my tether with them, I might just have to and get DFD's final response through the post which should be soon.

I feel like I am banging my head on a brick wall and DFD are not listening!!

If I was getting £962 per month I wouldn't be on an IVA!!!!!

dapast

Do you or do you jot get your benefits 4 weekly?? In which case you WILL receive 2 payments in 1 month, meaning you get £1776 in that 1 month, it's your responsibility to keep what you need to front this extra money and use it to help pay the other 11

It's what I needed to do as I was paid weekly and 4 months of the year I got 5 paydays and 8 months I got 4 paydays so needed to keep the money from the extra paydays to pay in the months where my pay was lower!!

MUMZ2BEE

dapast wrote: »

Do you or do you jot get your benefits 4 weekly?? In which case you WILL receive 2 payments in 1 month, meaning you get £1776 in that 1 month, it's your responsibility to keep what you need to front this extra money and use it to help pay the other 11

It's what I needed to do as I was paid weekly and 4 months of the year I got 5 paydays and 8 months I got 4 paydays so needed to keep the money from the extra paydays to pay in the months where my pay was lower!!

No, its clearly £888 per month going in.

x 2 payments:mad: in a month of esa totals £444, then 4 payments of £444 of dla.

The bank statement clearly shows this going in in a month!!

ViolaLass

OP, no one is saying that you physically receive £962 each month. It is clear that your account is credited with £888

BUT

the point is whether this is paid MONTHLY or every four weeks.

Are you paid on the same day of the month each time? Or does the date move a few days earlier each month?

If the latter, then your average income is higher than £888.

longtermplanner

If you are paid every 4 weeks (and I am prepared to bet that you are because that is the way benefits work in this country), then if your ESA and DLA are paid on the same day, then you will receive £888 a month for 11 months of the year and in the twelth month you will receive two payments of £888 pounds. If they are paid on different days, it is possible that you will get 10 months with 2 payments of £444 and 2 months with 3 payments of £444. If you look at your bank statements for the last year, this should become clear.

I am not saying that DFD have behaved well here, from what you have said an IVA was not a good options for you at all. But I do not think they are wrong with the calculation of your AVERAGE MONTHLY INCOME.

MUMZ2BEE

Just received another email from DFD.

They are saying that the whole of the year will need to be reviewed.

They are not accepting my offer of £150 per month.

I am sending a letter to my main creditor Halifax and pleading with them that they lent to me irresponsibly in the first place.

They did not ask me for proof of income, if I was working or not when they gave me finance.

Plus the original 2006 credit card agreement has not lender signature on it, so I am deeming this debt unenforceable!?

I have sent them a 2 page letter of grievance to them and asking if they would be willing to write the rest of the debt off as I genuinely cant see any way of paying it all back.

If not I have warned them I will be applying for bankruptcy.

I just hope they are approachable and accept they were at fault to lend me money in the first place which I have tried to pay back as much as I can.

ViolaLass

MUMZ2BEE wrote: »

Just received another email from DFD.

They are saying that the whole of the year will need to be reviewed.

Sensible. They need to clarify whether you are paid monthly or every four weeks, a point with which you have yet to engage.

They are not accepting my offer of £150 per month.

I am sending a letter to my main creditor Halifax and pleading with them that they lent to me irresponsibly in the first place.

That's a complete nonstarter as you didn't have to borrow the money.