DMP mutual support thread part 13 !!

sourcrates

cass2015 said:

In completing the Nedcab form though..  I can see that I am paying for 2 adults, but my son is 21 and studying in the evenings and only works part time on minimum wage , he cant afford to give me more than £50 a month as he wants to start his own business and is saving too ( I am making sure he does not make the same mistakes I have made!) Can they argue about this? Or is it simply.. this is what I have.. deal with it

Let me reiterate, DMP`s are not regulated (as yet), they are an informal arrangement between you and your creditors, as such a creditor has no say whatsoever what you budget for, or what you spend your money on.

They only gain that right if your choice is a regulated agreement, such as an IVA/DRO or Bankrupcy, then your budget would come under much closer scrutiny.

In a DMP, they do not have that right.

Remus1975

Hi all. I have not been paying my seven credit card debts since March in an attempt to get them defaulted. Despite being given Notice of Defaults for three of these debts they have never happened and have now been passed onto DCAs.

Am I right in thinking that these debts will now not get defaulted and I should now write to the DCAs with my proposed payment plan?

One of them (Westcot) is phoning the house phone every night with a recorded message asking me to contact them. I have managed to block them on my mobile. 
 
Thanks

Suseka97

Remus1975 said:

Hi all. I have not been paying my seven credit card debts since March in an attempt to get them defaulted. Despite being given Notice of Defaults for three of these debts they have never happened and have now been passed onto DCAs.

Am I right in thinking that these debts will now not get defaulted and I should now write to the DCAs with my proposed payment plan?

One of them (Westcot) is phoning the house phone every night with a recorded message asking me to contact them. I have managed to block them on my mobile. 
 
Thanks

It's difficult to say really, ordinarily - yes, you'd expect once they have been sold on that they would be defaulted at that point but unfortunately that's not always the case.  I would imagine the DCAs will try and get in touch with you, so wait until they do and you should try and block the Wescot number from your landline.  You want to keep everything in writing and don't get into protracted conversations with any of the DCAs.  They should write and confirm the debts have been assigned to them and ask you to complete an I&E, check your credit files and see if the defaults appear - if not, then write back and tell them you'll enter into a payment plan when the account/s are defaulted and not before.

In the meantime go on the NEDCAB website, if you haven't done so already and prepare your I&E so you have a plan on how you intend to tackle those debts.

ditty1234

Hi I have a problem now - because of defaults I am worried I cant upgrade the data plan on my sons mobile phone! I have a default from last month and probably an other one on the way, what is the chance I will be turned down, to increase his plan for £1 more he will get double the amount of data?
Should I risk the credit check, or just leave it?
I have the defaults and the AP on my old overdraft that will hopefully be defaulted soon. I am thinking I will need to wait an other 3 months! Although all of my bills and utilities are 100% up to date always!
Risk it or leave it? I wonder?

DebtHurricane

Ditto1234 if it’s Vodafone, EE or O2 they DONT credit check upgrades

ditty1234

DebtHurricane said:

Ditto1234 if it’s Vodafone, EE or O2 they DONT credit check upgrades

It's V1rgin and she said on the phone that she needed to do a credit check to up the data packet. So I said no and now I'm slightly at a loss. Maybe I'll just check and see if their website is working tomorrow and just to do it online, their website was down today (again). It rarely works!

Remus1975

Thanks Suseka97.. great advice as always 👍

sourcrates

ditty1234 said:

DebtHurricane said:

Ditto1234 if it’s Vodafone, EE or O2 they DONT credit check upgrades

It's V1rgin and she said on the phone that she needed to do a credit check to up the data packet. So I said no and now I'm slightly at a loss. Maybe I'll just check and see if their website is working tomorrow and just to do it online, their website was down today (again). It rarely works!

Giff Gaff, mega good sim only PAYG deals, check out their website.

lilac888

Hi, would be grateful for any help. We've been on  Token Payment Plan for 6 months and just done a review  and have upped the offer of monthly payment a little.  One of our creditors (a Credit Union) would not accept the token payment,  I had been with them for over 10 years & had several loans and never had any problem at all until our financial difficulties which came to a head at the beginning of the year.  I received Court papers (Claim Form) recently from the Credit Union and they have taken the £500 savings I had with them off the debt to leave £1200. I was shocked at their taking me to Court after being such a loyal customer and also having forfeited my savings.  I am completing the form, is there anywhere I can mention the above and do you think I should?  

sourcrates

Credit unions don`t normally partisipate in debt mangement arrangements, they have a responcibility to their savers you see, so what they are doing is par for the course.

Just make sure your offer is affordable, and remember, if the court make judgement on an amount higher than you can afford, it can be challanged and lowered, so don`t panic.