DMP mutual support thread part 13 !!

Suseka97

sunshinevicky said:

So on my crediwise report the account says default balance and gives the amount whereas in others it doesn’t say this.... do you think this is a default??? Is there a better site I should use to check my report? TIA

I'm registered with all 3 of the main CRAs and use Credit Karma (Transunion), Clearscore (Equifax) and MSE Credit Club (Experian) and all are free to register with.  A default will be very clearly marked as such with the date the default was applied.

ditty1234

Right so it is now time to go self managed - I have a few questions:
Do I just email stepchange and let them know that I want to go self managed?
I will be writing my creditors to let them know  and send them an I & E.
With PR4 i have one balance that is enforceable that I want to pay, and one that is unenforceable - do I just only write them about the one I want to pay? I can't think how to word that. 
Do i just continue what I was paying with stepchange or can I lower it to a more symbolic amount? 
A wescot balance is unenforceable so I guess I will ignore them for now.
The HS8C accounts - one defaulted, and I want to start paying it, but the overdraft is not defaulted, so I guess I will wait with both. They keep writing that they will reply to my complaints in the 'next two weeks'.
Is there a well worded lette somewhere?
Thanks again, :-)
PS I have started looking at NEDCAB and Legal Beagles, and - do I list all 5 debt balances to all creditors or just each one to to them?

HS8C loan defaulted  March. 872.05.          Now £855 HS8C overdraft - in complaint! March 858.8        Now £777 Bank of scotland/PRA      Unenforceable March/now £8275.8  Barcley/PRA enforceable       March/now   £8123.4

Natwest/Wescot on hold March/Now                          £5677.9 I was paying 36 on the Barclay, should I just continue doing that? I will adjust I & E Accordingly and let them know I want bank details to start paying in Nov or Dec.

Hi so I have decided that as I am doing this on a one by one basis, and that is why I have gone self-managed, I have currently only sent an offer through to PRA about my Barclay card and set up a standing order of £40, that is what the financial Nedcap calculation said. So I guess that's it until the HS8C issue is fully resolved. Sorry for long post.

swansea_lad

Hi i have been paying my debt with PayPlan since September 2019. JaJa finance took over Bank Of Ireland one of my creditors. They have now sarted sending me letter saying i have missed a payment. Despite PayPlan confirming a payment in September. JaJa say ive missed October payment, PayPlan say they have paid. 

DebtHurricane

They likely mean the contractual payment / minimum balance of the original agreement. Don’t worry if PayPlan are paying them

Stanton14

Hi everyone, 
I'm currently in a DMP with SC. They have been brilliant and so helpful but my payments make living very tight and I feel like there is no room for emergencies etc and doesn't feel sustainable for 7 years. I'm thinking of going SM but I'm only 7 months in with SC, is this a wise move? I have 23k with 4 creditors and feel ready to take this on. I was in a place of thinking about going bankrupt but this forum has inspired me to keep at it. I've used the NebCab site so far for the short term bits and pieces but I'm the kind of person who likes to have a long term plan or I cannot rest or stop thinking about it.
I've seen a lot on here about CCA (don't really understand what this means?) and making settlement offers but when should I start to think about these? 

2 of my creditors have defaulted but HSBC and Halifax have not. Can I request them to default? or do I stop making payments with these and carry on with the two who have defaulted? Also, will I get in trouble for favouring creditors, two of them are small amounts, could I focus on these and get rid? 

Sorry soooo many questions. Thank you for motivating me. 

sourcrates

Stanton14 said:

Hi everyone, 
I'm currently in a DMP with SC. They have been brilliant and so helpful but my payments make living very tight and I feel like there is no room for emergencies etc and doesn't feel sustainable for 7 years. I'm thinking of going SM but I'm only 7 months in with SC, is this a wise move? I have 23k with 4 creditors and feel ready to take this on. I was in a place of thinking about going bankrupt but this forum has inspired me to keep at it. I've used the NebCab site so far for the short term bits and pieces but I'm the kind of person who likes to have a long term plan or I cannot rest or stop thinking about it.
I've seen a lot on here about CCA (don't really understand what this means?) and making settlement offers but when should I start to think about these? 

2 of my creditors have defaulted but HSBC and Halifax have not. Can I request them to default? or do I stop making payments with these and carry on with the two who have defaulted? Also, will I get in trouble for favouring creditors, two of them are small amounts, could I focus on these and get rid? 

Sorry soooo many questions. Thank you for motivating me. 

Hi,

I would advise you to use the search facility, all the topics you mention have been covered in massive detail at various points in the past, you mention bankrupcy, then dismis it, why was that ?

Going bankrupt for 23k is a tad extreame, but if you have no assets to protect, then it may be an option.

As regards self management, its what it says on the tin, your in charge, you decide who gets what and when, you can do as you wish as you call the shots.

Stanton14

I don’t have any asserts to protect other than a car that I need for work. 

I was thinking about it as my financial difficulties are attached to the breakdown of a relationship and I just wanted closure. But now I worry about what bankruptcy would do to my financial future, buying property in the very distant future etc 

sourcrates

Stanton14 said:

I don’t have any asserts to protect other than a car that I need for work. 

I was thinking about it as my financial difficulties are attached to the breakdown of a relationship and I just wanted closure. But now I worry about what bankruptcy would do to my financial future, buying property in the very distant future etc 

A simple bankrupcy has not much more effect on you than any other debt solution, its 6 years before all trace will be removed, but your details stay in the london gazzette forever basically, it depends on your disposable income and circumstances, but its probebly too extreame for a 23k debt, your most likely better off going self managed with your DMP and clearing it with offers etc.

Remus1975

Hi all. When sending a CCA request should the creditor fulfill it without a signature?

I'm having a nightmare with trying to get the information from Creation. They didnt acknowledge my first request and Postal Order sent in March then finally after another two letters from me they have responded wanting me to send them another Postal Order and to sign the request letter. I was under the impression it wasn't a good idea to sign the letter in case they try to fraudulently use the signature, does this actually happen? All the other seven creditors have dealt with the request without a signature.

The letter they sent states "Whilst we acknowledge the fact the Consumer Credit Act 1974 does not require that you supply a copy of your signature before response with a s77/78 request, the data protection principles under the Data Protection Act 1998 (as amended from the original Data Protection Act 1984) requires us to excercise proper security with the disclosure of personal data."

It then goes on to say "Alternatively, if you cannot sign it, please send me appropriate copy documentation to prove the bona fides of this request". I'm not even sure what that means

Should i reply with another request with my signature on there?

Thanks in advance

sourcrates

No harm in signing it, in fact most creditors insist due to data protection.

The copy agreement you are asking for does not have to bear a signiture to be compliant, so the point is lost really.

Its basically asking you to provide evidence of your signiture as you are unwilling to sign the letter.

Just send a signed letter as per before.