DMP mutual support thread part 13 !!

sourcrates

flee wrote: »

I’ve written to all our creditors and two have come back asking for her to complete an I&E (that’s fine) and get a doctors letter proving my wife’s mental health status.
Is this allowed?

Hi,

You ask "is this allowed" well its not a case of if its allowed or not, if you are citing mental health issues as a reason for your non payment of debt, then of course they are entitled to ask for evidence of this, equally you are entitled to refuse, doctors are quite reluctant to write such letters these day anyway, so just refuse on personal grounds, its pretty simple really.

Lets get one thing straight here, you do not need anyones approval to start debt mangement, you just do it, also, you are under no obligation to answer their questions, however, doing so may help your case. If the creditor is not happy, they will just sell on the debt, there is actually no reason, other than good manners, to communicate with them at all, except to put your payment proposal to them, other than that if they don`t like your proposal, they then wash their hands of the whole thing, and you then rince and repeat with the new owner.

All this letter tennis is pointless if they are just going to reject your argument anyway, just set up your arrangement as you see fit, and start your payments, everything else will just fall into place.

Changingtimes

Having been with Stepchange now for 10 months I am debating if to go self managed or not. Are there any pros v cons.
If self managed i am guessing you send your SOA and your offer?
Payments once agreed i presume you make by Standing Order as opposed to bank card?
Is there anything else to be considered in SM?
Any advice welcomed

sourcrates

Changingtimes wrote: »

Having been with Stepchange now for 10 months I am debating if to go self managed or not. Are there any pros v cons.
If self managed i am guessing you send your SOA and your offer?
Payments once agreed i presume you make by Standing Order as opposed to bank card?
Is there anything else to be considered in SM?
Any advice welcomed

It’s just like things were prior to debt management, but the amount you pay is governed by you, not your creditors.

Changingtimes

Thanks Sourcrates. So it's a case of making offers and hoping they accept? Reason I ask SC pay 1 of my creditors a lot more than another that I have more outstanding balance with. Surely they should be paying the higher debt the higher amount ? Example
XX is owed £2500 and getting £100 a month then XXX is owed £1500 and getting £200 a month. A lot of smaller debts are now paid or nearly paid.
How do you guys on SM work out your offers?

sourcrates

Changingtimes wrote: »

Thanks Sourcrates. So it's a case of making offers and hoping they accept? Reason I ask SC pay 1 of my creditors a lot more than another that I have more outstanding balance with. Surely they should be paying the higher debt the higher amount ? Example
XX is owed £2500 and getting £100 a month then XXX is owed £1500 and getting £200 a month. A lot of smaller debts are now paid or nearly paid.
How do you guys on SM work out your offers?

Again, that’s up to you, you can either just pay everyone a proportionate payment from your disposable income, or pay them pro rata, pay a larger debt more than a smaller one, it’s entirely up to you.

Suseka97

Changingtimes wrote: »

...... So it's a case of making offers and hoping they accept? Reason I ask SC pay 1 of my creditors a lot more than another that I have more outstanding balance with. Surely they should be paying the higher debt the higher amount ? Example
XX is owed £2500 and getting £100 a month then XXX is owed £1500 and getting £200 a month. A lot of smaller debts are now paid or nearly paid.
How do you guys on SM work out your offers?

I've never quite understood how SC work out the payment allocation, which was much like yours in terms of smaller debts getting a bigger piece of the pie. If you go on to the NEDCAB website they have a repayment calculator based on your disposable income that would give you an indication of how the split might work.

DaveAllen

Sorry if I'm posting in the wrong place, and my apologies if all the information is in the 109 pages of this thread.

I have been in a DMP with PayPlan for ten years now. Cabot own three of the debtor accounts, PRA one, and another with Moorcroft Arrow. There are two others with Barclays collections.

PayPlan have told me that I would need to find at least 30% of the total outstanding, and only Cabot (having already offered me a 70% discount to settle) may take this. This was in response to an offer by a family member to loan me the money to clear the total amount.

I understand that after this length of time, and with the debts having changed hands on a number of occasions, some of them may be unenforceable. How do I go about finding this out, please?

And how do I do this without upsetting the DMP currently in place? And am I likely to get myself into grief with anyone I write to for proof that the debt is still enforceable.

Thank you all in advance.

Willing2Learn

DaveAllen wrote: »

I understand that after this length of time, and with the debts having changed hands on a number of occasions, some of them may be unenforceable. How do I go about finding this out, please?

And how do I do this without upsetting the DMP currently in place? And am I likely to get myself into grief with anyone I write to for proof that the debt is still enforceable.

Hi,


Have a good read the DebtCamel article linked below. You can come back here with any further questions you may have
Debts - why, how & when to ask for the CCA agreement

And submitting a CCA request to confirm your creditors have compliant paperwork is your right under legislation. It will not cause you any grief...

YorkieDave

Hi,

I'm hoping to set up a DMP with my creditors by myself. Long story short - my wife and I were both made redundant and are both now self-employed. The total debt, all in my name is £90k unsecured.

I'd like a bit of advice please :-)
I can afford a total of £450 per month for repayments. I can't go for bankruptcy for job reasons.
Has anyone had any success getting creditors to accept that level of repayment which will obviously mean many years to pay off? My hope is to be able to pay off at a higher rate in the future.
I'm planning to go to creditors with income / expenditure and repayment proposal based on size of debt and my disposable income. Is there anything else I need to send them?
Does anyone have any other advice re negotiating with creditors?

Thanks!

DaveAllen

Fantastic, thank you.

Just realised that the CCAs are around 20+ years old in some cases, even if the defaults are only around 10. I’ll see what comes back.