DMP Mutual Support Thread - Part 12

sharpeyes66

Not been on here for aaaaaggggeeesss. Anyway, today I checked the DMP on SC and our debts are now down to a 4 figure sum. Woohoo. I noticed a few newbies on here worrying about making that first step. All I would say is, don't worry. You've done the right thing. We have now paid off over £29k. Had I not made that awful call to SC 4 years ago, our debt could have been into 5 figures and we probably wouldn't still be together to deal with it.
There have been odd wobbles which have led to reduced payments a couple of times but nothing that has scuppered the whole plan. As a result, our DFD is a little later than planned but after what will be over 5 years, whats an extra couple of months or so?

One quick question, am I likely to get a favourable response if I ask for F&F figures from some of my bigger creditors. Given that they are 4 years in, what will their response likely be? When I checked the SC statement some of the smaller debts will be cleared in 7, 9 or 11 months but the largest is till showing 30 months. I know that will reduce when the smaller debts payments are added on once they're paid off but would be nice to clear them all within the next 12-15 months if poss.

Is it worth a letter just to see?

StopIt

sharpeyes66 wrote: »

Not been on here for aaaaaggggeeesss. Anyway, today I checked the DMP on SC and our debts are now down to a 4 figure sum. Woohoo. I noticed a few newbies on here worrying about making that first step. All I would say is, don't worry. You've done the right thing. We have now paid off over £29k. Had I not made that awful call to SC 4 years ago, our debt could have been into 5 figures and we probably wouldn't still be together to deal with it.
There have been odd wobbles which have led to reduced payments a couple of times but nothing that has scuppered the whole plan. As a result, our DFD is a little later than planned but after what will be over 5 years, whats an extra couple of months or so?

One quick question, am I likely to get a favourable response if I ask for F&F figures from some of my bigger creditors. Given that they are 4 years in, what will their response likely be? When I checked the SC statement some of the smaller debts will be cleared in 7, 9 or 11 months but the largest is till showing 30 months. I know that will reduce when the smaller debts payments are added on once they're paid off but would be nice to clear them all within the next 12-15 months if poss.

Is it worth a letter just to see?

Of course it's worth a go if you have the means to pay off an F&F.


The worst answer you'll get is "no" and it'll mean continuing with your DMP so why not?

sourcrates

motivated wrote: »

Me again

I have just received a letter from MBNA regarding the CCA request. They have sent me a print out of MBNA terms and conditions. Nothing else.
There is no mention of credit limit, balance outstanding or any sort of statement. I did wonder as I have online statements. Would this matter?
Surely this can't be right?
What's the next step please
M

Terms and conditions do not constitute a credit agreement alone.

Therefore they have not complied with your request, and have failed to supply what they are supposed to.

Your account, at present, is unenforceable.

motivated

sourcrates wrote: »

Terms and conditions do not constitute a credit agreement alone.

Therefore they have not complied with your request, and have failed to supply what they are supposed to.

Your account, at present, is unenforceable.

I did think that thanks again Sourcrates. I'm assuming I now send a follow up letter
M

Suseka97

A short while ago I posted my success in getting Halifax to backdate my default to within a few months of the DMP start date in 2013 (at the time they had defaulted me on Jul 2014). The person I spoke to, who agreed to backdate, explained it may take a month or so to show on my credit file.

Anyhow the usual monthly reminder that my latest 'Noddle' report was available to view popped in my inbox today and so I logged on as I do each month. I was quite surprised to not only see that the backdate had already been applied -but more-so that that the status no longer shows the account as 'defaulted' -instead it simply says 'late payment'. Before it had shown the account as 'settled'. Looking at the status history all the little red D's are still showing from what is now July 2013 to when the account closed (settled) -but on the summary bit the line where it said 'default date' xx has gone!

I will keep an eye on it, but seems they've wiped the default off the file :j

vaper

Well, it's started.
Had several phone calls and texts yesterday from barclaycard, mint and co-op.
This mornings post has brought a whole load of letters informing us that we have missed payments. A lovely one from barclaycard asking me to please pay £944.00 to bring my account back up to date (yeah that's going to happen!).
They should all have received the letters we sent by now explaining that we are in financial difficulty and working with step change so how long till they actually acknowledge the DMP?

Also, I actually have the beginnings of an emergency fund coming together, starting to feel a bit more positive now :-)

Twins

Hi!

Please can someone urgently give me some advice.

Arrow NCO agreed to take a reduced F&F figure to clear one of my smaller debts. I am supposed to have paid this by tomorrow if I want to go ahead.

The issue is that they have never defaulted me so I wrote to them asking them to put a default on my record back to 2011 when I originally took out the DMP. They haven't responded and I was hoping to get a response before closing out this F&F.

What should I do? Should I pay the F&F today and fight the default date separately or hold fire and wait for their response in case they do not agree that a default should be added? I'm thinking about the long term damage to the credit file.

Would appreciate your thoughts. Thanks!

sourcrates

Twins,

Are you 100% sure it's not been defaulted ?

If not then late payments are better than a default in this situation, take the offer.

Why would you want a default at this stage ?

Twins

sourcrates wrote: »

Twins,

Are you 100% sure it's not been defaulted ?

If not then late payments are better than a default in this situation, take the offer.

Why would you want a default at this stage ?

Hi Sourcrate. I checked my credit report and they've marked it AP ever since. I wanted them to default it back to 2011 when I started my DMP so that the debt would fall off my file this year. If they don't default and I pay a F&F it will stay on my file from 6 years from payment not from the backdated default.

What do you suggest? Thanks

sourcrates

Twins wrote: »

Hi Sourcrate. I checked my credit report and they've marked it AP ever since. I wanted them to default it back to 2011 when I started my DMP so that the debt would fall off my file this year. If they don't default and I pay a F&F it will stay on my file from 6 years from payment not from the backdated default.

What do you suggest? Thanks

Yes that's true, go through there complaints procedure and take it all the way to the FOS if you have too.