FFP Offer - default dates - CCA

jojororo

Hey Guys,

I'm looking for some advice.

In 2009 I had built up £54k worth of debts (4 x cc, 1 x loan, 1 x OD). I took out a DMP with PayPlan and have been paying this for last 6 years. Total amount owing is now down to £40k (mainly due to one of cc's totally writing off amount owed). Currently paying £115/m so end date is somewhere after 2040

I recently checked my credit history and was expecting to see that the 5 remaining debts would be due to drop off this year. However default dates ranged from 9/09 to 7/11 [I have seen on other threads that default date should be 6 months after accounts goes into arrears]

Additionally I am in a position where I might be able to "borrow" £10k from a family member if I can clear the debts entirely.

My aim is to try and get all my debts cleared and defaults dates set to 2009 so that by the end of the year my credit file is effectively "clean".

When I write to my creditors to offer an FFP should I query the default date at the same time OR should I get the default date issue resolved first OR get agreement to FFP % and then bring up issue of default dates before making payment.

Also, is there any benefit in sending a CCA Request and again should this be done before or at same time or after the FFP letter.

One further question regarding default dates - if debt was sold on after the default was applied will the new creditor be able to change it or will I need to contact original creditor.

Thanks.
Jo

fermi

If you believe the default date to be inaccurate I would be tempted to bring that up first or with the F&F negotiation, mentioning that you will be taking them to the ICO and FOS over the default date if it is not corrected.

No harm in a CCA request, and depending on the age of the account it way strengthen your position on the F&F side.

KID77

jojororo wrote: »

Hey Guys,

I'm looking for some advice.

In 2009 I had built up £54k worth of debts (4 x cc, 1 x loan, 1 x OD). I took out a DMP with PayPlan and have been paying this for last 6 years. Total amount owing is now down to £40k (mainly due to one of cc's totally writing off amount owed). Currently paying £115/m so end date is somewhere after 2040

I recently checked my credit history and was expecting to see that the 5 remaining debts would be due to drop off this year. However default dates ranged from 9/09 to 7/11 [I have seen on other threads that default date should be 6 months after accounts goes into arrears]

Additionally I am in a position where I might be able to "borrow" £10k from a family member if I can clear the debts entirely.

My aim is to try and get all my debts cleared and defaults dates set to 2009 so that by the end of the year my credit file is effectively "clean".

When I write to my creditors to offer an FFP should I query the default date at the same time OR should I get the default date issue resolved first OR get agreement to FFP % and then bring up issue of default dates before making payment.

Also, is there any benefit in sending a CCA Request and again should this be done before or at same time or after the FFP letter.

One further question regarding default dates - if debt was sold on after the default was applied will the new creditor be able to change it or will I need to contact original creditor.

Thanks.
Jo

Hello,

I would be interested to know how you get on with this as we are just starting our DMP with Stepchange, we have 47k of debt and as we are only paying 210 per month, it will be 18 years before complete. Our plan is to save as much as possible over the next 6 years, hope we get defaulted asap and then try and make f&f settlement so in 6 years time this nightmare is all over. I know I am thinking ahead but need something positive and a goal to work towards. Keep me updated on how you get on with changes to default dates and f&f's please :-)
Can i ask how you found your DMP, how did creditors react to such a drop in payment? As I imagine like me you would've been paying around 1000 per month?
Thanks