DMP Mutual Support Thread - Part 12

Dandytf

called sc today as my recently removed hsbos account has since been passed onto westcot

thankfully as this is since April correct reduced sc payments have debited with a nice low balance owed

sc as always will contact wescot and re add this to dmp

1 of 2 accounts sortted

just co op to catchup- not sure which collection agencies co op use- time will tell I suppose

StopIt

Dandytf wrote: »

called sc today as my recently removed hsbos account has since been passed onto westcot

thankfully as this is since April correct reduced sc payments have debited with a nice low balance owed

sc as always will contact wescot and re add this to dmp

1 of 2 accounts sortted

just co op to catchup- not sure which collection agencies co op use- time will tell I suppose

Remember that Wescot only manage debts, they do not buy them so it may, or may not be sold on in due course. As Stepchange will manage any changes though it wont make much odds either way, but just a technical point that may be important later on.


If you get to the point of wanting to send F&F offers to settle these debts, debts with Wescot and the like do not accept much in the way of settlement offers. If the debts are sold, they are usually, but not always, more willing to negotiate.

Dandytf

excellent advice stopit

363 could be tempted to offer a f&f though with 2 debts still +1k think I’ll wait until all are -1k before trying F&f offers

think 2 will be paid off in a few months anyway - going to let them run anyway

The_Analyst

leanne12345 wrote: »

Hi everyone, just wondering how you all manage without a credit card at times when one is needed such as hiring a car etc.? Is there normally a way around it?
Thanks

There are companies out there who will allow you to hire a car with a debit card (but be prepared for them to insist on you have "x" amount of money in your bank that they can "freeze"). Alternatively, take out a credit-building CC to use for Car Hire only - just be sure to pay the excess waiver then they don't need to block out £1500-1800 on your card for potential excess payments (I experienced this in Spain recently where I only had £1500 credit limit and the T&Cs of the Car Hire company stated they block out £1800 at the time of hire)

Julie67

Hi All, I have been thinking about a response to one of my creditors who has deemed my debt unenforceable but then continues to write letters requesting immediate payment (Idem Servicing, debt was with Halifax originally)
I was thinking of trying the following response.

You responded on 1st June 2017 explaining you were unable to supply a copy of the agreement at present and acknowledging that until you do so this credit agreement cannot be enforced.

With the assistance of North East Derbyshire Citizens Advice Bureau, I also wrote enclosing a copy of my income and expenditure. As you can see, after essential expenditure, there is no available income to make repayments towards this account.

My situation is unlikely to change.

As you have deemed this account unenforceable I am now prioritising my debts accordingly.

I have several enforceable debts I am turning my efforts to them and will not be making payment to this one.

In these circumstances, as this debt is unenforceable, I would like to ask you to write off the debt completely. While I realise that this is unsatisfactory, I feel it is the most practical course of action at this time.


Yours faithfully

What do you think? I am sure they will write back and tell me where to go but do you feel it's a reasonable response ?
Any advice much appreciated.

StopIt

Julie67 wrote: »

Hi All, I have been thinking about a response to one of my creditors who has deemed my debt unenforceable but then continues to write letters requesting immediate payment (Idem Servicing, debt was with Halifax originally)
I was thinking of trying the following response.

You responded on 1st June 2017 explaining you were unable to supply a copy of the agreement at present and acknowledging that until you do so this credit agreement cannot be enforced.

With the assistance of North East Derbyshire Citizens Advice Bureau, I also wrote enclosing a copy of my income and expenditure. As you can see, after essential expenditure, there is no available income to make repayments towards this account.

My situation is unlikely to change.

As you have deemed this account unenforceable I am now prioritising my debts accordingly.

I have several enforceable debts I am turning my efforts to them and will not be making payment to this one.

In these circumstances, as this debt is unenforceable, I would like to ask you to write off the debt completely. While I realise that this is unsatisfactory, I feel it is the most practical course of action at this time.


Yours faithfully

What do you think? I am sure they will write back and tell me where to go but do you feel it's a reasonable response ?
Any advice much appreciated.

Reasonable, but unlikely to get the account written off just yet.


They've only deemed the account unenforceable at present and haven't given up on the possibility of finding the relevant paperwork. If they give up completely, they'll be far more open to a lowball settlement or even writing the debt off completely.


However the rest is all fair comment. There is no point in paying unenforceable debts while trying to service enforceable ones (Or much point at all really!) so while they're allowed to reject the write off request and correctly state that you still owe the money, they've got no legal recourse in the case of non payment.


Expect a bit of a stalemate for a while until they give up finding the CCA Agreement, or magic it up.

vaper

Hi folks, sorry but I have a few more questions.

I have not sent any payments yet to my creditors, (since the end of May) do I just send the £1 postal orders and write the account numbers on the back? I have informed them all that I was going with stepchange but have since decided to go self managed, will this matter or do I need to write to them all again with this new information?
Also, stepchange said we could afford £500 per month to pay towards the debts so when I do start sending them payments, do I divide the amount up between the creditors eg £500 between 9 creditors = £55 each or do I need to pay more to the ones with the biggest balances?
I do intend to CCA at least five of them, is it best to do that straight away or carry on with token payments for a while and then submit the CCA's (just thinking that this is something people save for a later date).
Many thanks
Vaper

StopIt

vaper wrote: »

Hi folks, sorry but I have a few more questions.

I have not sent any payments yet to my creditors, (since the end of May) do I just send the £1 postal orders and write the account numbers on the back?
For the CCA requests or taken payments? If the former, the details will be on the letter if the latter, write a small covering note/compliments slip with the details.
I have informed them all that I was going with stepchange but have since decided to go self managed, will this matter or do I need to write to them all again with this new information?
Yes, write to them again, as they'll be expecting communication from Stepchange that will not be happening. As you'll be self managing you'll need the statements etc that otherwise will be dealt with by Stepchange to see how your DMP is progressing.
Also, stepchange said we could afford £500 per month to pay towards the debts so when I do start sending them payments, do I divide the amount up between the creditors eg £500 between 9 creditors = £55 each or do I need to pay more to the ones with the biggest balances?
The system is based on equal payments relative to the debt. So a £1,000 debt would receive twice the payment of a £500 debt, etc etc. There's calculators out there, but basically, if a debt is 20% of the total, it receives 20% of the monthly payment.
I do intend to CCA at least five of them, is it best to do that straight away or carry on with token payments for a while and then submit the CCA's (just thinking that this is something people save for a later date).
CCA all of the debts that you're able to do so. Overdrafts, Utilities, Council Tax and Benefits debts are not CCA debts so do not send CCA requests for these debts.
Many thanks
Vaper

Replies in red.

vaper

Stop it, thanks for your speedy reply.
They are all credit card debts so do you think I need to do the CCA' s as soon as possible?
Thanks

StopIt

vaper wrote: »

Stop it, thanks for your speedy reply.
They are all credit card debts so do you think I need to do the CCA' s as soon as possible?
Thanks

Yes, the faster you get them fired off, the faster you know where you stand with your debts.


Normally the CCA requests put the debts on hold for the duration of the request until fulfilment too, so that will give you time to build an emergency fund.