need some help plz

shootingstarXX

My husband is about to start on a DMP one of his debts is a £500 overdraft, we have just recieved a letter from the bank saying they refuse the offer and are passing the account over to be referred for recovery action. Anyone know what this means?

rog2

It means that they will be passing the debt to a collection agency, either in-house or private, and you will, probably, be receiving a 'demand' for full payment.
Don't worry - this appears to be 'standard practice' for banks. Creditors are NOT obliged to accept your offer, but if you keep making the regular payments they usually come round after a few months. Who is your DMP with? They will advise you best.

shootingstarXX

Thanks the DMP is with the CCCS the bank is Barclays, we cannot afford to pay it off but they are saying with the DMP it will take to long to pay it off. What will happen if they continue to refuse the offer?

Angel1980_2

Hi

My advise would be to keep submitting that offer, if you go higher you may be taking on a payment that you cannot afford.

If this has been sorted by a DMP keep sending the payment monthly. there is advice on the national debt line webpage for this type of thing.

Do NOT be bullied in to offering more, it may cause you trouble in the future.

PS they cant refuse a payment from you so keep sending the cheque and if they return one seek advise!

rog2

shootingstarXX wrote: »

Thanks the DMP is with the CCCS the bank is Barclays, we cannot afford to pay it off but they are saying with the DMP it will take to long to pay it off. What will happen if they continue to refuse the offer?

The Bank CAN NOT force you to pay any more than you can afford. Have a word with CCCS, but they will, probably, also advise to continue the same level of payments - I'm sure the Bank WILL come round. What Else can they do - if they take you to court, the judge will take into consideration that you are on a DMP and therefore very serious about your debt problem. The Court is most unlikely to issue an order that you pay more than you have been recommended by CCCS - in fact he could order you to pay LESS - and any court order is just as binding on the creditor as it is on the debtor.
They can not petition for bankruptcy as the debt is less than £750.00.
Seems that the ONLY thing they can do is to set the 'dogs' (sorry I mean dca's) on you, to make your life even more miserable, but even these 'lowlife thugs' can't really do anything but ask.

shootingstarXX

Thanks for the help, we are new to this an I value your response