DMP mutual support thread part 13 !!

sourcrates

Jessica32 said:

Partner on a DMP via stepchange, had a letter setting him for a CCJ with lowell, can't even remember who the original creditor was tbh. All DMP payments being made, frustrated with this and not sure what we do, do we try and cobble the money together and pay it off? Really keen for him not to get a CCJ on his credit file obvs. We're ringing stepchange tomorrow but wondered if anyone had advice on here?  

What are Lowell actually saying?

They must be aware of DMP payments, so if the debt is being paid, why are Lowell threatening legal action?

Jessica32

sourcrates said:

Jessica32 said:

Partner on a DMP via stepchange, had a letter setting him for a CCJ with lowell, can't even remember who the original creditor was tbh. All DMP payments being made, frustrated with this and not sure what we do, do we try and cobble the money together and pay it off? Really keen for him not to get a CCJ on his credit file obvs. We're ringing stepchange tomorrow but wondered if anyone had advice on here?  

What are Lowell actually saying?

They must be aware of DMP payments, so if the debt is being paid, why are Lowell threatening legal action?

They've sent a claim form for the County Court. They are definitely listed on the stepchange dmp, and the amount on the claim form matches up with the current balance on there so they're definitely receiving the payments! We're a bit confused as to why they're doing this. Unfortunately can't speak to stepchange till Monday. We'd hoped to just leave the DMP chipping away at the overall debt until it was gone but now questioning if that's going to cause more problems over time. Wondering whether to cobble the money together for a full and final if we can do it, but don't know what's likely to be accepted, current debt is just under 7k (more than half of original balance).

sourcrates

@Jessica32

Well why not speak to Lowell, that makes more sense, i suspect this may be an error, as usually if they are getting paid they are happy, and won`t pursue unnecessary legal action.

Speak to Lowell would be my advice, now today.

Don`t cobble anything together to pay them, that is silly, all a CCJ means is you continue to pay what you are paying now, according to your budget, as that is what a court would order, so nothing is going to change, that is why i suspect its an error on their part, again, speak to them today to sort this out.

Otherwise you MUST complete and return the claim form within 14 days, registering service online gives you 28 days i believe, don`t wait for stepchange, they can`t help you if a claim form has been issued.

YOU MUST SPEAK TO LOWELL TODAY.

lillypoo

I had a bit of a moment today and just want to share it in the hope it will help those just starting to consider a dmp fir their debts.

Can only stress that it must not and cannot be rushed.

Don't try to cut back on everything all at the same time. It's taken me 9 months to tweak my budget, change mobile and Internet charges, save an emergency fund etc
And in that time life has also changed. I still need to fo a dmp but I've had a pay rise, I've gained a few extra hours work  etc. 
So I suppose my message is ..stop, take a breath  , realise this is a marathon not a sprint. It does not all happen at once, but given patience, time, this forum, there's a way to get back in control.

Another_NoOne

Hi everyone. Wish I found you sooner!

My story: I have been in a debt spiral for years. Recently a store card reduced my £4K credit limit to £750…£500 BELOW my balance! This account had never been in arrears, always paid above the minimum and by DD. Expletives were said!

I am 41K in debt. All Credit cards and this one store card. Again never missed a payment, always paid on time and often quite above the minimum. But I was using them for daily living and the debt kept growing. My once lovely 18% interest rate pre covid was raised to 38% 2 months ago! How is this supposed to help me?! 

Without interest I can clear my debt in under 4 years. The store card pushed me into action and 2 days ago I contacted Step Change. Applied for a DMP. Set up the Breathing Space. Then I found this forum…

This is my mess, and I have every intention of paying back all the money but jeez there’s no reward for honesty it seems! I thought I was doing the honest thing and been living on the breadline hating myself for being this financial failure and terrified of assumed future court dates. Now I understand that playing fair gets you a worse deal. 

So today I have moved my money from my current account and will not be paying my creditors. I now know that I need to save an emergency pot and delay starting a DMP until all debts defaulted. I now know I’m not a failure and to hold my head high and not be scared of the letters to come. 

I’ve tried for years to be ‘good’ and responsible about my debt whilst caught in a spiral. Time to focus on me. 

Thank you to everyone here for their wisdom and experiences. 😊

happytimesahead

Hi all,

8 months after stopping payments, 9 creditors have defaulted with 2 more in the pipeline. Payments have now been set up with the defaulted accounts. 

The only creditor left that is not playing ball is Lendable. Out of interest has anyone managed to get them to default their account recently, and how long did it take? 

Thanks!

Darthmark

sourcrates said:

Welcome to the DMP mutual support thread Part 13 !!

Here you can find help in starting and running your DMP, self managed, Stepchange, Payplan and any other DMP all welcome here, but we do encourage you to use a free service, not one you pay for.

There is help on getting interest and charges stopped, how to start with an emergency fund, defaults, token payments and lots more.

If you are in a DMP or thinking of one, this is the place to be.

We are non judgmental and all DMP related questions are welcome.

Again the old thread was getting a tad long, so time, yet again, for a new one.

The old thread can be found here :

https://forums.moneysavingexpert.com/discussion/5623951/dmp-mutual-support-thread-part-12


[purplesignup][/purplesignup]

I am seriously considering a self managed DMP but Is the link mentioned somewhere at cabmoney org uk just for North East Derbyshire?? I live in Dorset and cant find the equivalent on the Dorset Citizens Advice website.

Debtbegone2022

Hi

Lowell have sent the following in relation to a Cca request. I assume this is everything they need and this is now enforceable?

Irgo

Currently a few months into a self-managed DMP after leaving Stepchange. I have payments set up for the accounts that had already defaulted and I've stopped payments to all other debts while I wait for them to default.

I've had a few default notices now and I'm wondering what happens next. Some of them mention court proceedings if payment isn't made by the deadline date given; is this something to worry about or just the standard default notice language? Do they have to let you know the account has defaulted before moving on to court action? I don't want to send DMP proposals out too early and accidentally stop a default but mentions of court action does have me wondering if I should send a proposal just to be safe.

Following the deadline of one of the default notices, I've now got a letter from Intrum which is a formal demand, but doesn't mention the account being defaulted. Again, will they actually send me some sort of "This is now in default" letter or do I just need to keep an eye on my credit reports?

sourcrates

Irgo said:

Currently a few months into a self-managed DMP after leaving Stepchange. I have payments set up for the accounts that had already defaulted and I've stopped payments to all other debts while I wait for them to default.

I've had a few default notices now and I'm wondering what happens next. Some of them mention court proceedings if payment isn't made by the deadline date given; is this something to worry about or just the standard default notice language? Do they have to let you know the account has defaulted before moving on to court action? I don't want to send DMP proposals out too early and accidentally stop a default but mentions of court action does have me wondering if I should send a proposal just to be safe.

Following the deadline of one of the default notices, I've now got a letter from Intrum which is a formal demand, but doesn't mention the account being defaulted. Again, will they actually send me some sort of "This is now in default" letter or do I just need to keep an eye on my credit reports?

If you do not comply with the standard default notice, then a creditor can add a default to your credit file.

When or even if they do so is up to them, but should be within a reasonable space of time.

There is no "we have now defaulted you" letter, you will just have to keep checking credit reports.