Brogden's Debt Disaster & Self Managed DMP!

Brogden

in_need_of_direction wrote: »

And it got you into the £50s

It did INOD

We have a telephone answering machine which amplifies everything somewhat.

No more 'THIS IS A PERSONAL MESSAGE FOR (dubbed voice change) MR BROGGERS BROGDEN (back to original voice) PLEASE CALL ARC EUROPE URGENTLY ON XXXXXXXX

I have had that about six times this week. No more of that..........:)

Brogden

Good Morning All

It's the end of my week off work and I will be trying to finish in the kitchen today....a bit of grout, paint and under-cupboard lights and then clean the whole place down. I must then order the new large fridge / freezer but I have to confess to biding my time on the financial front.......so an update on everything........

- Quick Squid have rejected any partial offer at all. To punish them I said I would have to reduce my monthly payment and they said they would have to ask me a lot of I&E questions (this is on 'chat' through their website.) I informed them this was way too much for 'chat'.....and told them to leave it and I terminated the session :mad: I guess I will end up paying the whole lot (£308 at some stage........I have paid them around £600 over the last year..........

- Wronga.......did not uphold my complaint on affordability :mad:. I had to force them to look at this by making a complaint as they had sold the debt to Gothica and were trying to brush the matter under the carpet. This is their 'final response' and I have diaried a date for six months on when I may take this to the FOS.....BUT.......I am still waiting on them.......there is a ray of light 'we are considering how we can help customers whose debts were sold and we will be in touch.......' What does this mean? What help are they going to give? It went through my mind that they rejected the complaint purely to keep face ie 'We are Wronga and we were right....how could you question us?' :mad: Maybe they will be in touch to say again 'we are Wronga we are always right but we are very kind too and whilst we are entitled to screw you to the floor we will write off the debt because this is all a gargantuan screw up. This may be one of Brogden's 'flights of fantasy' (not about knickers this time) but we will see .

!!!! Europe......as reported already - paid with discounted settlement - I joked that I was sad but I'm not really :j !!!!!!

Wuscot collecting for Lowest Portfolio.......My biggest debt . As requested, the collecting agents Wuscot are sacked but can I discuss a settlement directly with Lowest? Can pigs fly? Are Wronga as nice as they make out? Do politicians ever tell the truth? NO NO NO :mad:
Hmmmmmn.......the file is in transit....pah!!!! They can't discuss it for 3 to 5 working days. Because this is a biggie I'm holding off paying some others and I'm mighty frustrated :mad: !! Let's see what next week brings......

Outside of this lot is the pension upon which I have acted with a 'salary sacrifice.' I want to get in deeper in the new tax year and am really only trying out the system on March payday. Moving from PDL's and DCA's to pensions feels like entering a respectable world so I really must trim my hair for my new image :cool:

I love you all

Brogden

AlexLK

I wouldn't be "chatting" through the bank's website regarding the debt. How many times have you tried for a Full and Final and at what percertage of the actual debt? They will likely reject a couple of times at least but you need to be persistent.

Personally, I don't think mortgages or pensions are your priority. I purely focused on debts and doing whatever I could to pay them off. The time for saving / mortgages is when you are out of debt as your mortgage should be at a much lower rate than the unsecured debt and the saving is just a bonus for you.

Brogden

AlexLK wrote: »

I wouldn't be "chatting" through the bank's website regarding the debt. How many times have you tried for a Full and Final and at what percertage of the actual debt? They will likely reject a couple of times at least but you need to be persistent.

Personally, I don't think mortgages or pensions are your priority. I purely focused on debts and doing whatever I could to pay them off. The time for saving / mortgages is when you are out of debt as your mortgage should be at a much lower rate than the unsecured debt and the saving is just a bonus for you.

Hi Alex and welcome to Brogden Towers

On 'Full & Finals' or should we say 'Partial & Finals' I know where I can push and where nothing is going to bear fruit! I hit the end of that particular 'cul-de-sac' but it is thankfully not a big deal as there are the proverbial 'bigger fish to fry' so I'll put up with that one for now.

On the subject of prioritising debt / mortgage / pension I feel you are applying a 'broad brush' approach which (for me) is completely wrong. Anything which may be right for you may not necessarily be right for somebody else. We must take account of the fact that following activity last week I do not have an unsecured debt where interest is charged. Also (and most importantly) I think I am unfortunate enough to be somewhat older than you !!

I am not sure if the 'moral compass' is encroaching on our conversation here. As we have each mentioned 'Full & Finals' or 'Partial & Finals' (as they should be termed) I would assume it is not but am very happy to discuss this point as I have dwelt on this issue and have been able to 'tick all of my boxes'.......so to speak

I do not wish to appear awkward but it is for each of us to work out the best route to suit our own particular circumstances, taking account of all of the prevailing factors.

I congratulate you on your debt free status and wish you the very best with your savings .

Brogden.

AlexLK

Brogden wrote: »

Hi Alex and welcome to Brogden Towers

On 'Full & Finals' or should we say 'Partial & Finals' I know where I can push and where nothing is going to bear fruit! I hit the end of that particular 'cul-de-sac' but it is thankfully not a big deal as there are the proverbial 'bigger fish to fry' so I'll put up with that one for now.

On the subject of prioritising debt / mortgage / pension I feel you are applying a 'broad brush' approach which (for me) is completely wrong. Anything which may be right for you may not necessarily be right for somebody else. We must take account of the fact that following activity last week I do not have an unsecured debt where interest is charged. Also (and most importantly) I think I am unfortunate enough to be somewhat older than you !!

I am not sure if the 'moral compass' is encroaching on our conversation here. As we have each mentioned 'Full & Finals' or 'Partial & Finals' (as they should be termed) I would assume it is not but am very happy to discuss this point as I have dwelt on this issue and have been able to 'tick all of my boxes'.......so to speak

I do not wish to appear awkward but it is for each of us to work out the best route to suit our own particular circumstances, taking account of all of the prevailing factors.

I congratulate you on your debt free status and wish you the very best with your savings .

Brogden.

Hello again ,

Are your unsecured debts going to be interest free forever? I had interest frozen on mine but it was only for an initial 6 months.

Not really sure what you mean regarding a moral compass and the settlements. As for your approach to the future, do you really need to pay into a pension and pay your mortgage off? Just something to consider depending on what kind of sum you will inherit. As for my age, I'm 34 but am not really sure what this has to do with things?

Please don't take my advice as a given, it is only my opinion based on what worked for me.

Brogden

AlexLK wrote: »

Hello again ,

Are your unsecured debts going to be interest free forever? I had interest frozen on mine but it was only for an initial 6 months.

Not really sure what you mean regarding a moral compass and the settlements. As for your approach to the future, do you really need to pay into a pension and pay your mortgage off? Just something to consider depending on what kind of sum you will inherit. As for my age, I'm 34 but am not really sure what this has to do with things?

Please don't take my advice as a given, it is only my opinion based on what worked for me.

Hi Alex,

I think the debts will be interest free forever.......nothing signed and sealed but it seems to be the way that things happen.....thankfully !!

I will explain what I mean by the 'moral compass'.........

Some people may understandably think that a person who runs up debts, breaks an agreement by defaulting and then pleads poverty, needs a special reduced payment program and then begs for a discount on the amount they owe is a pretty poor specimen !! Happily the workhouse and the stocks on the village green are long gone and we find ourselves in the position of being able to control the amount we pay back as a payment arrangement. Many people who contribute to this site and are in debt buy personal chattels, go on holidays and indulge in alcohol and expensive food.......to some degree or other !!

I do a little of some of these things......there's nothing like a little beer or wine flowing down one's neck to ease the stress of work, marriage and parenthood However, there is an old fashioned part of me which says I should abstain from everything and live on a bread crust each day. I should also be working 24/7 to pay everything I physically can back as fast as possible to try and make amends for my sins.

That's the moral dilemma Alex. I have come to have a rationale that avoids the need for me to swear that red is green whilst admitting to my previous faults and feel that to buy some future security for myself and family is reasonable even if a creditor or two waits a little longer than they otherwise would for repayment.......and has me on the phone brazenly asking for a P&F !!

This moral dilemma may not be in the minds of a lot of younger people but believe me, when you've lived through Victorian times you never forget how it was !!

Brogden

AlexLK

Brogden,

You've done very well to manage to get the debts interest free forever.

Regarding the moral compass, I do understand your point of view. Personally I did what was good for me and it did include foregoing the holidays for a year (in fact, I'm not exactly going on the type of holidays I used to but out of choice). Ultimately, do whatever is right for you whilst paying down the debts and if you are purely relying on yourself to be financially secure, by all means plan for the future a little more. I believe you've a few pay day lenders to pay with these I would be trying to pay the smallest amount possible as their interest is so high due to the amount of defaulters they will get and you'll pay for the debt many times over as a result. I hope this makes sense as I'm not particularly articulate tonight.

:rotfl: Regarding the Victorian era.

Puzzcat

Blimey Brogs.. Victorian.. I didn't realise you were that ancient..:eek:




:rotfl:Love you really....xx

Brogden

AlexLK wrote: »

Brogden,

You've done very well to manage to get the debts interest free forever.

Regarding the moral compass, I do understand your point of view. Personally I did what was good for me and it did include foregoing the holidays for a year (in fact, I'm not exactly going on the type of holidays I used to but out of choice). Ultimately, do whatever is right for you whilst paying down the debts and if you are purely relying on yourself to be financially secure, by all means plan for the future a little more. I believe you've a few pay day lenders to pay with these I would be trying to pay the smallest amount possible as their interest is so high due to the amount of defaulters they will get and you'll pay for the debt many times over as a result. I hope this makes sense as I'm not particularly articulate tonight.

:rotfl: Regarding the Victorian era.

Thanks Alex,

I don't think my 'interest free status' is that unusual for a 'long termer' and some of the debts do date back to Victorian times. I remember that washing mangle I bought on my Citibank card

There is the proviso that interest can be charged but as I understand it as the debts get older I will stay interest free unless I default on the payment plans (already defaulted on the credit agreements of course ) If I default on the payment plans I think I will probably still remain 'interest free' but probably be making alarmingly regular appearances in court :rotfl:!!

Yes your Honour......Brogden stands accused......etc.......

Brogden

Brogden

Puzzcat wrote: »

Blimey Brogs.. Victorian.. I didn't realise you were that ancient..:eek:




:rotfl:Love you really....xx

You're a very cheeky Puzzcat :mad:......just as well I love you too xx