DMP & Mutual Support Thread - Part 11

make_the_change

blisteringblue wrote: »

Who knows, while it should do a lot of letters are titled default to get your attention.

We had what we thought was a default notice for Mrs BB's Barclaycard in Sept 2015, only to not get any other correspondence and then we get a similar letter Sept 2016 saying exactly the same thing but a different DCA in charge this time. Until we get our first letter from said DCA saying who to pay they remain on token payments.

Ive refused to pay BC or Argos as I am trying to force a default.

blisteringblue

make_the_change wrote: »

Ive refused to pay BC or Argos as I am trying to force a default.

Don't worry, I'm a long stayer who went self managed a long time ago for this very reason

However them saying they will default and actually getting it is another matter.

make_the_change

blisteringblue wrote: »

Don't worry, I'm a long stayer who went self managed a long time ago for this very reason

However them saying they will default and actually getting it is another matter.

So sit tight and play the waiting game? x

blisteringblue

make_the_change wrote: »

So sit tight and play the waiting game? x

Yep, Barclaycard should make you interest free anyway this way, the default will eventually come.

I got mine after 6 months of token payments, but our other Barclaycard is still there, sort of defaulted (it now shows as closed on Clearscore) and just waiting for Link Financial to issue payment instructions.

Tiggerlou

Hello.... has anyone any experience of Allied International? They seem to be in control of my amex debt now although haven't heard off them just noticed it had changed when I logged into my dmp xx thanks

JMU-95

Hi. I rang tonight to get up to date balances and have been informed that 4 of my accounts have been defaulted and sold on.

Barclaycard Account 1 > Link Financial
Barclaycard Account 2 > Defaulted but still with inhouse collections
Virgin > Arrow Global
Santander > Westcot


Are there any of these new companies I need to be wary of? What are they like to deal with? and
What happens now? It's a bit scary knowing the accounts are with debt collectors.

Thanks for any advice

sourcrates

JMU-95 wrote: »

Hi. I rang tonight to get up to date balances and have been informed that 4 of my accounts have been defaulted and sold on.

Barclaycard Account 1 > Link Financial
Barclaycard Account 2 > Defaulted but still with inhouse collections
Virgin > Arrow Global
Santander > Westcot


Are there any of these new companies I need to be wary of? What are they like to deal with? and
What happens now? It's a bit scary knowing the accounts are with debt collectors.

Thanks for any advice

Nothing at all to get scared of, a debt collector has no more rights than the original creditor had.

If they step out of line or ask for more money than you are able to pay, or harras you in any other way, you complain using the companies complaints procedure, if that dosent resolve it, you go to the ombudsman.

Most DCA's are fairly soft these days, as they have to comply more with FCA regulation or face been investigated and fined.

Your DMP should continue the same as before.

JMU-95

sourcrates wrote: »

Nothing at all to get scared of, a debt collector has no more rights than the original creditor had.

If they step out of line or ask for more money than you are able to pay, or harras you in any other way, you complain using the companies complaints procedure, if that dosent resolve it, you go to the ombudsman.

Most DCA's are fairly soft these days, as they have to comply more with FCA regulation or face been investigated and fined.

Your DMP should continue the same as before.

Thanks for the reassurance Sourcrates. So do I just wait to they get in contact and then they go over my I&E and agree a payment plan? So if I agree to what they're asking me to repay they won't take me to court? I'm still with Stepchange.

Triangle

Good news - I am now self-managed :j DMP cancelled today with SC and letters written to send to creditors. Feeling a little apprehensive but generally very positive - the only way is up! :T

sourcrates

JMU-95 wrote: »

Thanks for the reassurance Sourcrates. So do I just wait to they get in contact and then they go over my I&E and agree a payment plan? So if I agree to what they're asking me to repay they won't take me to court? I'm still with Stepchange.

Less than 10% of debts end up in court action, so more than 90% of defaulted debts never see the inside of a court room, however the amount of county court judgements is rising.

They have your SOA, your repaying through a DMP, I doubt they will contact you, Stepchange will deal with your creditors on your behalf, that's what they are there for.

But even if they did get legal with you, your already paying what you can afford, the court would not make you pay any more, so legal action is pointless, as it has no benefit to the creditor.

Also, all you people who have not yet been defaulted, a creditor can’t take you to court unless a formal Default Notice has been issued. A Default Notice is a formal letter from your creditor informing you that unless you bring your account up to date within 14 days a Default will be made. A Default Notice won’t be issued immediately you miss a payment – creditors usually wait 3-6 months.