DMP mutual support thread part 13 !!

BooBoo77

For those asking for CCAs and moving to self management did you temporarily stop paying to build up full and final settlements, pending receipt of the CCAs? Also if so how did you explain that to the debt charities? Thanks. 

ditty1234

BooBoo77 said:

For those asking for CCAs and moving to self management did you temporarily stop paying to build up full and final settlements, pending receipt of the CCAs? Also if so how did you explain that to the debt charities? Thanks. 

Yes and No!
Once you send the letter for CCA the DCA will freeze the account until is is either deemed enforceable or unenforceable. Somebody correct me if I'm wrong. So you should not keep paying. 
I have stopped my DMP with SC under cover and fear of Covid and consequences and will be going self managed when I start paying again. I have 2 missing defaults and 3 potentially unenforceable credit card accounts. 
So it's your call, but I think SC will just want you to keep paying, thats why people tend to go self managed when they start the CCA process. 
Hope that helps and somebody help me if I'm wrong, I'm not an expert. 

sourcrates

sunshinevicky said:

Hi all ... me again!
 So my question is now that time is coming do I send in the I&E form and offer of payment but explain I won’t be making payments until November (when my EF will be built up) or simply just not send anything until I want to start?
I’m just worried as all have agreed to written communication as long as I keep them updated so I don’t want to push them into ringing home phone or sending a debt collector to the home

Send a simple email to everyone stating your intentions.

Don`t overthink this vicky, debt collectors don`t knock on doors any more, only one company i know of still does this, debt collectors work mainly from call centres nowadays.

25% of all credit accounts in the UK default on average every quarter, thats about £30 billion pounds, each household has an average debt of £12000, excluding mortgages, so thats an aweful lot of doors for santa to knock on don`t you think.

JA81

We now have the SC paperwork which will halve our current monthly debt payments. We’re just waiting for the basic bank account to be set up.
Are our payments allocated to all creditors equally, allocated in ratio to outstanding balance or by ratio of contractual monthly payments? Essentially will the smallest balances disappear first, or does everything linger at varying levels until the final payment clears the last bits of them all?

KimbullDF

JA81 said:

We now have the SC paperwork which will halve our current monthly debt payments. We’re just waiting for the basic bank account to be set up.
Are our payments allocated to all creditors equally, allocated in ratio to outstanding balance or by ratio of contractual monthly payments? Essentially will the smallest balances disappear first, or does everything linger at varying levels until the final payment clears the last bits of them all?

SC will provide all this info in your plan/paperwork, they did for me anyway and that was around 2 weeks ago.

LexieLou

Quick question to all the knowledgeable people on this thread, when I do my annual review with SC do I have to submit payslips?  Also, how hard is it to go self managed?  

Thanks

LL xx

sourcrates

LexieLou said:

Quick question to all the knowledgeable people on this thread, when I do my annual review with SC do I have to submit payslips?  Also, how hard is it to go self managed?  

Thanks

LL xx

If you can write a letter, and operate a computer, your in.

LexieLou

sourcrates said:

If you can write a letter, and operate a computer, your in.

Thanks, I might be back for more help xxx

Suseka97

ditty1234 said:

BooBoo77 said:

For those asking for CCAs and moving to self management did you temporarily stop paying to build up full and final settlements, pending receipt of the CCAs? Also if so how did you explain that to the debt charities? Thanks. 

Yes and No!
Once you send the letter for CCA the DCA will freeze the account until is is either deemed enforceable or unenforceable. Somebody correct me if I'm wrong. So you should not keep paying. 
I have stopped my DMP with SC under cover and fear of Covid and consequences and will be going self managed when I start paying again. I have 2 missing defaults and 3 potentially unenforceable credit card accounts. 
So it's your call, but I think SC will just want you to keep paying, thats why people tend to go self managed when they start the CCA process. 
Hope that helps and somebody help me if I'm wrong, I'm not an expert. 

Some DCAs may say that they will put the account on hold but will quite happily keep taking your payment whilst they investigate the CCA request.  What they cannot do is take any enforcement action whilst they search for that elusive paperwork, but wouldn't be taking enforcement action anyway - as you are in an agreed DMP.

So you should stop paying, but if you stay with SC they will want you to continue - they have no interest in the status of a debt as far as UE's and Non-UE's go.  So if you are going down that route then you will need to take control of your DMP and close your account with SC.

sunshinevicky

sourcrates said:

sunshinevicky said:

Hi all ... me again!
 So my question is now that time is coming do I send in the I&E form and offer of payment but explain I won’t be making payments until November (when my EF will be built up) or simply just not send anything until I want to start?
I’m just worried as all have agreed to written communication as long as I keep them updated so I don’t want to push them into ringing home phone or sending a debt collector to the home

Send a simple email to everyone stating your intentions.

Don`t overthink this vicky, debt collectors don`t knock on doors any more, only one company i know of still does this, debt collectors work mainly from call centres nowadays.

25% of all credit accounts in the UK default on average every quarter, thats about £30 billion pounds, each household has an average debt of £12000, excluding mortgages, so thats an aweful lot of doors for santa to knock on don`t you think.

Thank you once again Sourcrates.... your advice is always great and really helps me.... I think I’m my head I really want to be at the point where standing orders are set up and I am paying a regular amount to my debts but I also know I need to be firm to get these defaults to get the interest frozen. I shall email them all today as a reminder of my intentions! Thank you!!! 😊