DMP mutual support thread part 13 !!

lisamarie85

stu12345_2 said:

like I said when they offered me a discount that was the wording they wrote to me, and when I wrote is that a definite that it will never be sold on , all i got was a reply saying yes that's correct 

you could email with the same question I asked will the remainder be sold on or have you wrote it off 

if they reply saying yes, that's correct ,it will be wrote off, then you save the email and pay the settlement figure

on a side note, I don't think I've ever come across a post on mse where pra have ever sold the  remaining debt on after a full and final settlement price has been offered and accepted 

I think you’re probably right, I am just SUCH a worrier. I’ve now replied to his email with this, let’s see what the response will be! 

Hi Jordan, 

Can you please confirm one more thing before I make payment?

The difference between what is owed (£4659.81) and the agreed payment amount (£2918.00) is £1741.81 and will be written off and not sold on to a third party for recovery in the future. 

If this is correct I will proceed with the payment immediately. Many thanks, Lisa. 

stu12345_2

the ccj will be in your credit file for  6 years from the date of ccj regardless if it's defaulted 

any defaults that led up to your ccj will also show on your file for 6 years

Sly72

tksnota said:

I had been defaulted by curry and now waiting for Equivo’s ccj. I understand both these will be fall off my record after 6 years but will there be 2 different dates…one for default and one for ccj?

Equivo not a nice bunch to be involed with, they claim Client  (I amsume Creation) wants full payment over 3 yrs and if you dont agree its CCJ action. Agreed 3 yr payment so will never know if CCJ action would have been taken had no choice duw to my employment.

saving_88

stu12345_2 said:

saving_88 said:

Floss said:

@saving_88 are you on a self managed DMP? If so, keep paying everyone their usual amount & stop the ones who haven't defaulted.

No, I am with Step change. I went with Step change from day one. Before i discovered this Forum i thought id go with Step change as i was wary of Court action etc. To me being on a plan was advised helps if creditors take this step.  Discovering this forum, people say the best way is default first. wish i knew that. Im thinking to not pay this month or reduce my payments. 

it will take a while , a long while for the creditors that haven't defaulted you to default, especially if you are on a dmp.

lowering payments via stepchange won't force a default imo.

stopping paying will, but you can't pick and choose who to pay if you are on a dmp with stepchange

do as floss says, run your own dmp, pay the defaulted ones and not the non defaulted ones.

Thanks, the creditor in question has frozen all interest. Given a interest refund now. They seem to have accepted the plan. I guess people want defaults to freeze interest etc. If they do this in the plan, then i suppose its sort of the same. I do plan to pay this debt off anyway.

MTHAIN

Hi all, I am about to enter into a self managed DMP. I remember seeing a link to charities that can support this and there was a recommended group that engage face to face in the south of England with various branches - may have been run by the church. 

Anyone help? 

stu12345_2

here's a list of debt charities , some do dros but all should do dmps

it was Christians against poverty that come to your home, they work all over the country, their main office is in Bradford, they are closed Wednesday for telephone advice 

if you do use CAP , they will come up with a solution, you choose to use them fully or not at all. if not at all you then lose the rights for help as your going it alone. they normally only allow one time ever usage with them.

unlike say step change, where you can bounce back to them.agsin for advice 

lisamarie85

sourcrates said:

lisamarie85 said:

I sent them sourcrates wording and they wouldn’t send that. 

All they will agree to is; 
We will send you the following statement that advised that your account has been closed. "Paying this amount will be accepted as a full and final settlement on the account, which means your account will be closed and we will not contact you about it again about."

Is that enough? Even though the last “about” doesn’t make sense to me. 

It only states "we will not contact you about it again" .

It doesn't say we won`t sell the remaining balance to some bottom feeding debt buyer and they will continue to hassle you for the money.

Personally that`s not good enough for me, the standard National debtline letter uses the terminology that they won`t agree too, which automatically makes me suspect them of being less than honest.

I would tell them to do one, have you done a CCA request on this debt yet or at all???

Something else I’ve found, is this good enough? 

stu12345_2

lisamarie85 said:

sourcrates said:

lisamarie85 said:

I sent them sourcrates wording and they wouldn’t send that. 

All they will agree to is; 
We will send you the following statement that advised that your account has been closed. "Paying this amount will be accepted as a full and final settlement on the account, which means your account will be closed and we will not contact you about it again about."

Is that enough? Even though the last “about” doesn’t make sense to me. 

It only states "we will not contact you about it again" .

It doesn't say we won`t sell the remaining balance to some bottom feeding debt buyer and they will continue to hassle you for the money.

Personally that`s not good enough for me, the standard National debtline letter uses the terminology that they won`t agree too, which automatically makes me suspect them of being less than honest.

I would tell them to do one, have you done a CCA request on this debt yet or at all???

Something else I’ve found, is this good enough? 

that's standard spiel about being marked as partially  satisfied which is correct.
just wait for the email reply you sent asking will the difference be written off or sold on and take it from there

DebtFreeWannabe27

Looking for some advice please. One of my lenders has defaulted my loan and I want to reduce the likelihood of a CCJ or escalation, so I was planning to see if they'll accept a £1 token payment just so the debt is acknowledged. Would that impact how quickly or if the debt will be sold on?

In addition, one of my debts is with MBNA credit card. I've missed more than 3 payments on this card and the last letter they sent stated they would stop my ability to spend on the card. They haven't sent any further missed payment letters following this, and I'm starting to wonder whether they will default my account or just go quiet. Is there anything I can do to encourage them to default my account? 

lisamarie85

stu12345_2 said:

lisamarie85 said:

sourcrates said:

lisamarie85 said:

I sent them sourcrates wording and they wouldn’t send that. 

All they will agree to is; 
We will send you the following statement that advised that your account has been closed. "Paying this amount will be accepted as a full and final settlement on the account, which means your account will be closed and we will not contact you about it again about."

Is that enough? Even though the last “about” doesn’t make sense to me. 

It only states "we will not contact you about it again" .

It doesn't say we won`t sell the remaining balance to some bottom feeding debt buyer and they will continue to hassle you for the money.

Personally that`s not good enough for me, the standard National debtline letter uses the terminology that they won`t agree too, which automatically makes me suspect them of being less than honest.

I would tell them to do one, have you done a CCA request on this debt yet or at all???

Something else I’ve found, is this good enough? 

that's standard spiel about being marked as partially  satisfied which is correct.
just wait for the email reply you sent asking will the difference be written off or sold on and take it from there

I can cope with standard spiel if it covers me! I’ve lost hope they will respond to me before tomorrow when the payment is being taken