DMP Mutual Support Thread - Part 12

sourcrates

lumpyspaceprincess wrote: »

One of the debt collection agencies on my DMP have put a default on in December, 2 years after everyone else registered theirs. I've been on the DMP since my 3rd payment to them, & I don't recall ever getting a letter advising so - is there anything I can do to ask for it moving back in time? Does anyone have any templates or prior experience of this?


I posted this previously on the old thread but think it got missed due to other bigger issues, would really appreciate any advice! We're hoping to start saving for a house when the DMP is up in October, and this late default could screw the possibility of a mortgage up for a long time

Hi,

If you follow this link to the debt camel website it tells you everything you need to know about defaults, including how to get them backdated :

https://debtcamel.co.uk/tag/defaults/

Max_and_sasha

Hi sourcrates

I have had a look on the full and final thread page but I can't seem to find your reply,sorry about this but maybe I am missing it as I am not the best computers,

Thanks

Twins

Hi Sourcrates, January and anyone else....

I wrote off to my creditors asking for copies of CCA's and today I heard back PRA Group who took on my Egg/Barclaycard account. They confirmed that due to the age of the account they cannot provide copies of the original agreement and the debt is unenforceable.

Based on this I need to decide what to do. My DMP is currently with Stepchange and I've just completed my yearly review. Can I go back to PRA Group and say to them as the debt is unenforceable I'd like to offer a F&F amount? Do you think this would work in my favour? The amount I owe is £1,680.99 so what would be a good starting point? Would I make the offer to Barclaycard or to PRA Group? Any other pointers?

Thanks for the help!

sourcrates

Max_and_sasha wrote: »

Hi sourcrates

I have had a look on the full and final thread page but I can't seem to find your reply,sorry about this but maybe I am missing it as I am not the best computers,

Thanks

Hi,

I started a new thread for you :

https://forums.moneysavingexpert.com/discussion/5642695

sourcrates

Twins wrote: »

Hi Sourcrates, January and anyone else....

I wrote off to my creditors asking for copies of CCA's and today I heard back PRA Group who took on my Egg/Barclaycard account. They confirmed that due to the age of the account they cannot provide copies of the original agreement and the debt is unenforceable.

Based on this I need to decide what to do. My DMP is currently with Stepchange and I've just completed my yearly review. Can I go back to PRA Group and say to them as the debt is unenforceable I'd like to offer a F&F amount? Do you think this would work in my favour? The amount I owe is £1,680.99 so what would be a good starting point? Would I make the offer to Barclaycard or to PRA Group? Any other pointers?

Thanks for the help!

You can just walk away and pay nothing.

No agreement equals no debt in the eyes of the courts.

Twins

sourcrates wrote: »

You can just walk away and pay nothing.

No agreement equals no debt in the eyes of the courts.

Thanks! But I'm on a DMP with SC so I can't walk away and pay nothing. That's why I was thinking of offering a F&F amount. What amount would you say was acceptable?

sourcrates

Twins wrote: »

Thanks! But I'm on a DMP with SC so I can't walk away and pay nothing. That's why I was thinking of offering a F&F amount. What amount would you say was acceptable?

You simply remove it from your DMP.

That's all you need to do, or offer them 10p.

Without a valid credit agreement the debt is unenforceable in court, therefore the creditor cannot obtain judgement against you.

Personally I would look on this as a "get out of jail free card" others may feel differently, but I would walk away with a Hugh smile on my face.

vaper

does anyone know how long stepchange usually set up their DMP's for, or is it just dependent on your earnings and the total amount owed?
I'm still rattling around with my calculator and trying to make things all add up.
Also, when do you actually miss that first payment? and how do you build up an emergency fund from nothing? Sorry for all the questions but I feel out of my depth and want to have a better understanding.

Bank account is approved and we're just waiting for cards and PIN to come through then first job will be to have wages changed to the new accounts. Then what?

motivated

Hi vaper
When I started mine I requested a repayment holiday on our loans from the bank which they agreed to. This saved us a bit and then I explained to SC that my car tax and insurance was due so I held off my payment for a month. The advice on here is to usually hold off payments for a few months and save this as an emergency fund.
M

sourcrates

vaper wrote: »

does anyone know how long stepchange usually set up their DMP's for, or is it just dependent on your earnings and the total amount owed?
I'm still rattling around with my calculator and trying to make things all add up.
Also, when do you actually miss that first payment? and how do you build up an emergency fund from nothing? Sorry for all the questions but I feel out of my depth and want to have a better understanding.

Bank account is approved and we're just waiting for cards and PIN to come through then first job will be to have wages changed to the new accounts. Then what?

Look back through this thread, I posted a comprehensive list of the different stages of making your DMP work for you.

Post 326 on page 17.

Everything you should do, in list order.