DMP mutual support thread part 13 !!

Debtbegone2022

sourcrates said:

Debtbegone2022 said:

Hi

I am approx 6 months into the process. I have some debts with dcas and some still with the original creditors and yet to default. When should I send CCA requests? 

Thanks

How old are your debts ?

Re-constituted agreements are quite easy to produce, its mainly old accounts that have been sold on a few times where correct paperwork can`t be provided.

Unless they are over 4 years old, I wouldn`t bother.

The age of debts - is this when the account was opened or when the account started being used? 

sourcrates

Debtbegone2022 said:

sourcrates said:

Debtbegone2022 said:

Hi

I am approx 6 months into the process. I have some debts with dcas and some still with the original creditors and yet to default. When should I send CCA requests? 

Thanks

How old are your debts ?

Re-constituted agreements are quite easy to produce, its mainly old accounts that have been sold on a few times where correct paperwork can`t be provided.

Unless they are over 4 years old, I wouldn`t bother.

The age of debts - is this when the account was opened or when the account started being used? 

Date it was opened, creditors are obliged to keep internal records for a minimum of 6 years, some don`t keep them that long, and others keep them for longer, pot luck dependant on creditor.

Debtbegone2022

sourcrates said:

Debtbegone2022 said:

sourcrates said:

Debtbegone2022 said:

Hi

I am approx 6 months into the process. I have some debts with dcas and some still with the original creditors and yet to default. When should I send CCA requests? 

Thanks

How old are your debts ?

Re-constituted agreements are quite easy to produce, its mainly old accounts that have been sold on a few times where correct paperwork can`t be provided.

Unless they are over 4 years old, I wouldn`t bother.

The age of debts - is this when the account was opened or when the account started being used? 

Date it was opened, creditors are obliged to keep internal records for a minimum of 6 years, some don`t keep them that long, and others keep them for longer, pot luck dependant on creditor.

Ok, thanks. Two accounts that have now defaulted and I have just set up £1 token payments for the moment are Tesco (now with Moorcroft) & Barclaycard (now with PRA) were opened in 2012 & 2013.

sourcrates

Debtbegone2022 said:

sourcrates said:

Debtbegone2022 said:

sourcrates said:

Debtbegone2022 said:

Hi

I am approx 6 months into the process. I have some debts with dcas and some still with the original creditors and yet to default. When should I send CCA requests? 

Thanks

How old are your debts ?

Re-constituted agreements are quite easy to produce, its mainly old accounts that have been sold on a few times where correct paperwork can`t be provided.

Unless they are over 4 years old, I wouldn`t bother.

The age of debts - is this when the account was opened or when the account started being used? 

Date it was opened, creditors are obliged to keep internal records for a minimum of 6 years, some don`t keep them that long, and others keep them for longer, pot luck dependant on creditor.

Ok, thanks. Two accounts that have now defaulted and I have just set up £1 token payments for the moment are Tesco (now with Moorcroft) & Barclaycard (now with PRA) were opened in 2012 & 2013.

Ok, then in that case, to ascertain your position, I would send CCA requests, yes.

alfi2255

Wow I am so glad I have found this thread. I am a homeowner, a single Mum and I realised with the cost of living going up – I am literally borrowing money each month just to afford the basics and it shouldn’t be like that.

So I am 16k in debt – I finally decided to get a grip on it all and apply for a DMP with Payplan. I have soo so so sooo many worries and just anxiety. They have sent letters to those I owe money too and they’ve told me to cancel my direct debits too (those relating to my debts) and make a new bank account too which I am in the process of doing, just got to send ID docs.

My main worry is in 2026 my fix rate on my mortgage ends – to date I have never had any defaults, missed payments etc on my credit file for anything and the fact I’ve got to get my head around my credit rating will be a mess cos of this is worrying me immensely. My current lender accepts DMP if settled so my aim is to get it paid off by time my re mortgage, which is easily do-able.

Has anyone got any experiences with fixed rate ending and getting a good mortgage deal either still in the DMP or paid off a few months before it ends.

 I think I will be a regular to this thread, the past pages I have read and you are all such a helpful, non-judgemental bunch xx

motivated

So sorry to Highjack this thread but I'm interested in the CCA requests 

long story short.  We have accounts that have been sold on and on.  2 particular accounts opened March and August 2016.  Both defaulted October 2017. 

Started with Halifax. Then managed by Wescot.  Now saying Intrum. 

2nd one saying Halifax HBOS new record and also saying Intrum.  

These 2 accounts are both showing on my credit file under Halifax AND Intrum.   

Therefore it looks like I owe millions 😂

Just to add we have around 5 accounts that defaulted  2017.   Do we need to ask for defaults to be removed this year or do they naturally drop off?

Not sure if they've been sold on or are being managed. 

My question is should I CCA request or is it too cheeky?

thanks

sourcrates

motivated said:

So sorry to Highjack this thread but I'm interested in the CCA requests 

long story short.  We have accounts that have been sold on and on.  2 particular accounts opened March and August 2016.  Both defaulted October 2017. 

Started with Halifax. Then managed by Wescot.  Now saying Intrum. 

2nd one saying Halifax HBOS new record and also saying Intrum.  

These 2 accounts are both showing on my credit file under Halifax AND Intrum.   

Therefore it looks like I owe millions 😂

Just to add we have around 5 accounts that defaulted  2017.   Do we need to ask for defaults to be removed this year or do they naturally drop off?

Not sure if they've been sold on or are being managed. 

My question is should I CCA request or is it too cheeky?

thanks

Halifax are one lender who keep`s records for at least 7 years, so although you have the right to ask for information pertaining to your accounts at any time, they should not have any trouble providing it.

Intrum have bought your Halifax debts, the original entry should show the date of default and a zero balance, the Intrum entry should show the same default date and the outstanding balance.

Your credit files will never show more than you owe.

Defaults will automatically drop off your credit file after 6 years.

motivated

Thank you Sourcrates.  

I've just checked again and my file says Halifax 2 accounts and the balances. 
Intrum are also showing 2 accounts with high balances. Albeit a little less than Halifax shows. 

We also have 4 accounts with PRA
opened March 2013 defaulted Oct 17 
opened March 2013 defaulted March 17
opened July 2015 defaulted Oct 17
opened April 2012 defaulted March 17

all 4 accounts originally BC and MBNA 

is it worth CCA requests to PRA?

sourcrates

motivated said:

Thank you Sourcrates.  

I've just checked again and my file says Halifax 2 accounts and the balances. 
Intrum are also showing 2 accounts with high balances. Albeit a little less than Halifax shows. 

We also have 4 accounts with PRA
opened March 2013 defaulted Oct 17 
opened March 2013 defaulted March 17
opened July 2015 defaulted Oct 17
opened April 2012 defaulted March 17

all 4 accounts originally BC and MBNA 

is it worth CCA requests to PRA?

 You can do, but remember a re-constituted version is perfectly acceptable, it shouldn`t be hard to get the required information.

tinybull

Hi, a quick question if I may.  I am now almost a year into starting my DMP, it took almost 6 months since cancelling direct debits and writing to the creditors for them to default my accounts.

I have a issue with a HSBC loan. I initially send a Holding Letter to them in November 2020, and in Feb 2021 I sent a offer letter with no response. So I decided to wait until they default me. And I am still waiting. Every 3 months they send me a letter that I am behind with repayments. duh. And if I don't contact them it may result in receiving a default notice (yes please).

What can I do to speed up the default notice? And can I ask them to backdate it to 2021?