DMP & Mutual Support Thread - Part 11

phoenixx

blisteringblue wrote: »

Morning fellow DMP'ers not been posting much as bl00dy work is mad. On the plus side bagged a nice pay rise this month so it all helps.

Milestone on the DMP though, 1/3rd paid off

OK that might not seem a lot but in monetary terms it is over 20k paid off. We were very naughty post DMP

Anyway will keep on trucking, hopefully the other 2/3 will be done in no time.

That's a fantastic achievement, BB! Well done! And congratulations on the pay rise. :T

phoenixx

KID77 wrote: »

Phoenix, thats such a shame, I hope the figure is incorrect or you are able to arrange a suitable repayment plan.

Puzz/Jan: Well done on the job front :-)

All quiet my end and ticking along well I suppose, all interest kept frozen so far, most things defaulted just a couple to go which should happen in Feb....
Next thing for me willl be DCAs if any debts get sold which I assume will. I still do panic that someone will decide to go for ccj/charging order but from what I have read if you are in an arrangement already paying back what you can and especially with advice of a debt charity then it's unlikely.......hopefully that is the case. Most ccjs on thia forum seem to relate to mobile phone bills that people havent paid back at all.

Happy DMPing everyone xx

I know what you mean about CCJs - always at the back of my mind too! But like you I have looked through and it is mostly mobile phones...I am going down the checking tax is correct first and then hope for repayment plan.

phoenixx

Hello all - well I am glad that week is over! The tax thing has been shocking and as if that wasn't enough, today I was asked to sign some cheques on the company bank account!:eek: (As you know, I received a call recently to tell me that I had been declined as a signatory following a search on my credit file. ) It was very public - I was in our boardroom with about 7 other colleagues waiting for a meeting to start. Clearly all senior staff including my boss were unaware that I had not been accepted.
I was just sitting down when I was handed a huge pile of cheques to countersign! Everyone was looking at me and I wanted the ground to swallow me up. Tried to stay calm and said:'Oh, I can't do it yet. I messed up the form re date I moved into my house and it's caused problems - I put the current date as date I'd moved in - wasn't concentrating!' I sort of laughed it off and others were laughing but one joked: 'Oh - I thought it must have been your credit file.' To which I laughed along (feeling sick inside). Fortunately another colleague said his brother had accidentally ticked 'yes' to a statement on a travel visa that had said: 'I have been convicted of serious fraud' which had given him lots of problems with his journey. So they all started talking about that, the meeting began and things moved on. My hands were trembling under the table though.
I may confide in my boss if I can time it right. I don't want a repeat of today!

Little_Miss_Sunshine

update

Update on my cca requests. I posted this on another thread

Of the 8 accounts I've cca'd 2 have responded. ( they have a few more days). My 2 oldest debts - Mbna £21k and £7k - have sent me 8 pages of t&c. It isn't a ca. These cards were taken us in the mid 90's.
My next step is to write back, enclosing the original letter, asking to be provided with the correct information.
Does this sound ok?

January2015

Little_Miss_Sunshine wrote: »

update

Update on my cca requests. I posted this on another thread

Of the 8 accounts I've cca'd 2 have responded. ( they have a few more days). My 2 oldest debts - Mbna £21k and £7k - have sent me 8 pages of t&c. It isn't a ca. These cards were taken us in the mid 90's.
My next step is to write back, enclosing the original letter, asking to be provided with the correct information.
Does this sound ok?

I've just answered you on the other thread. Sounds ok, but as I said on the other thread Fermi kindly put together a great letter for me to send to MBNA. I've posted it there for you.

phoenixx

ploppy57 wrote: »

Hi everybody, not been on the boards for a while... quite a while actually. DMP was going along fine and then I got made redundant in September and applied for and got a job that was so far out of my comfort zone and the training was crap etc etc...anyway it ended up making me ill with anxiety and off work for ages and they hassled me no end that in the end I handed in my notice. I have managed to get another job starting 1st Feb but due to the stupid way they pay, I won't actually get paid until March 7th. Now we have most of our bills come out on last day/first day of month, as I always got paid on last day of month. So my question is...how to we pay bills that month??
Has anybody had any experience of missing just one DMP payment with SC? I imagine that all our creditors would say we have broken the terms of the agreement etc etc and we would have to start all over again and get loads of threatening letters/phone calls.
Not sure what else to do really? If we could just not have to pay the DMP in Feb, it would leave enough in bank for bills at end of Feb and then we can start again when I get paid in March...if all that makes sense. Any ideas?

Hi ploppy - good to hear from you again. Glad the job is getting sorted out. I agree with January2015 - SC will be absolutely fine with token payments when you explain your situation. 3 months of £1 payments will help you get back on your feet. X

kittie2475

Hi
Could someone explain to me why it's beneficial for the debts to default? I'm reading through as much as I can, but haven't come across the answer yet.
Thank you

January2015

kittie2475 wrote: »

Hi
Could someone explain to me why it's beneficial for the debts to default? I'm reading through as much as I can, but haven't come across the answer yet.
Thank you

I posted this response to that same question a short while ago

January2015 wrote: »

Reasons for wanting defaults are mainly because interest definitely stops at that point and also default gives a definite date re. ending poor credit file. Defaults are on your credit file for 6 years. After that they drop off. If a predator doesn't default you the poor credit marker, e.g. AP (arrangement to pay) stays on your credit file for the entire time you are clearing the debt and then six years after debt cleared.

In my case, as my DMP is 9 years, if I don't have defaults I will have a poor credit marker for 9 years + 6 years = 15 years. So the quicker predators default me the better. Not that I ever want credit again as I am approaching retirement, but someone working towards clearing debt so they can save for a mortgage would be disadvantaged by not having default markers as quickly as possible when on a DMP.

Feel free to correct me if I am wrong anyone:beer:

kittie2475

That makes perfect sense, so how does one get them to default? I've just looked it up on step change, and defaults sound really scary.
If I'm going to make token payments will that stop them defaulting?
My brain is fried
But huge thank you x

January2015

kittie2475 wrote: »

That makes perfect sense, so how does one get them to default? I've just looked it up on step change, and defaults sound really scary.
If I'm going to make token payments will that stop them defaulting?
My brain is fried
But huge thank you x

How do you get them to default? I think that's the sixty four million dollar question :rotfl:

Hellifax defaulted us when we wrote and explained why we wanted to be defaulted. We had a couple of phone conversations as well.

V/money, RBS and N/West just defaulted us because our DMP payments were not at the level they required.

B/card refuse to default us because they advise us they will not default where customers are paying 1% or above. We were paying 1.03% on the DMP with SC. Now we are moving to self managed DMP we are dropping B/Cards payments to £1 until they default us.

I don't think there is too much rhyme or reason as to why one predator defaults quickly and another doesn't

The only way to force a default, as far as I can tell, is to drop to token payments until they respond with required default.