debt repayment and lender responsibilities

dazzammm

thanks for everyones comment - on balance its exactly what i thought.
the written agreement hasnt been adhered to and it should have been but i didnt notice so it could be argued that i could afford to pay more. also, you dont want to poke the hornets nest and make them angry.
but there is one element of this i havent mentioned that could be the clincher - my wife has told me to drop it. ;o)

January2015

dazzammm wrote: »

thanks for everyones comment - on balance its exactly what i thought.
the written agreement hasnt been adhered to and it should have been but i didnt notice so it could be argued that i could afford to pay more. also, you dont want to poke the hornets nest and make them angry.
but there is one element of this i havent mentioned that could be the clincher - my wife has told me to drop it. ;o)

In that case......no question.....drop it

Wives are ALWAYS right :rotfl:

MrsTinks

January2015 wrote: »

In that case......no question.....drop it

Wives are ALWAYS right :rotfl:

Yes, yes we are! (Or so I tell my husband! :rotfl:)

EssexHebridean

There's a bigger aspect here that's not been mentioned I think - you're self-managing a DMP, yet you didn't notice for 18 months that a higher than expected payment was leaving your bank account each month? It would appear that you need to completely overhaul the way you're managing your finances - firstly getting in place a watertight budget making every penny of income work for you, and secondly making regular checks to ensure that things are staying on track. There must be substantially more slack on your budget than you've based your DMP proposal on - which is a good thing if you want to get the debts, cleared, no?

If I were you I would put together an SOA and use this as a kick up the proverbial to get your finances sorted properly. You'll find the SOA link in the "sticky" thread at the top of the board.

January2015

EssexHebridean wrote: »

There's a bigger aspect here that's not been mentioned I think - you're self-managing a DMP, yet you didn't notice for 18 months that a higher than expected payment was leaving your bank account each month? It would appear that you need to completely overhaul the way you're managing your finances - firstly getting in place a watertight budget making every penny of income work for you, and secondly making regular checks to ensure that things are staying on track. There must be substantially more slack on your budget than you've based your DMP proposal on - which is a good thing if you want to get the debts, cleared, no?

If I were you I would put together an SOA and use this as a kick up the proverbial to get your finances sorted properly. You'll find the SOA link in the "sticky" thread at the top of the board.

I agree OP needs to revisit his budget and make it realistic but as to whether or not there was sufficient slack to cover the 18 months of overpayment on one particular debt is difficult for us to tell. As he said in an earlier post, his wife has been borrowing from family without telling him.

dazzammm wrote: »

............................. my wife has been borrowing money from her mum which i didnt know so that money would have made a difference.

EssexHebridean

January2015 wrote: »

I agree OP needs to revisit his budget and make it realistic but as to whether or not there was sufficient slack to cover the 18 months of overpayment on one particular debt is difficult for us to tell. As he said in an earlier post, his wife has been borrowing from family without telling him.

Ahh yes missed that.

In which case - I'll add the comment that the OP and his wife need to work together on this - there can be no financial secrets when you're in a debt hole!