DMP mutual support thread part 13 !!

sourcrates

lc2405 said:

Hi. 

So I’m getting the usual letters from Wescot (2f) and moorcroft. What’s the usual process? Do you wait until the debts are sold on before setting up payments. Or just wait until defaults and then set up payments with these companies who are handling the debts? 

Your choice really, best to have all defaulted first though.

tksnota

Hi,

After the CCJs abd defaults were gone from my credit file, would the lenders see any of them in case I took out a loan e.g. car, mortgage, etc?

Thanks,..tksnota

sourcrates

tksnota said:

Hi,

After the CCJs abd defaults were gone from my credit file, would the lenders see any of them in case I took out a loan e.g. car, mortgage, etc?

Thanks,..tksnota

I believe you have answered your own question there.

Defaults remain on your credit file for 6 years, judgements remain on your credit file and the register of judgements, also for 6 years, after which all records are erased, so there isn`t anywhere for lenders to see them after that.

That is the very reason we have the 6 year rule, its designed so that no one is expected to pay for their past errors forever.

Classicmargarita

Hi everyone 

Please can anyone help with some advice 

In 2017, I was in a DMP for an old credit card from around 2004/2005. I was struggling to keep up payments so stopped paying in 2018 and sent a CCA request to Link Financial. 

They replied with a reconstructed copy of cobbled together Barclaycard T&C’s which were all blurred and not readable. I took advice at the time from the  CAB who said from what they had sent, it was unenforceable, they had not fulfilled the CCA request and I could consider not paying them until they did.

I stopped paying early 2018 and ignored letters from Link until 2022 when they referred it to Moorcroft, so I sent Moorcroft a CCA and they sent the same docs as LINK had sent previously. I replied and told them the CCA request was not fulfilled as the documents were unreadable. They referred it back to LINK, this was late 2022

I didn’t hear from LINK for a quite a while but the last 6 months they’ve been sending letters and emailing to get in touch, and have sent a letter to say if I don’t respond within 14 days they’ll send Resolvecall to my house.

I’ve read on this forum that Resolvecall don’t have any powers etc so I know that, but I still don’t want them calling or calling at my neighbours (I’ve read on trust pilot that they sometimes do this) 

My question is about statute barring, as I’ve not paid LINK since 2018 and not contacted them, would my CCA request to Moorcroft have reset the clock here or can I still try with sending the statute barred letter to LINK ? Or would this also reset the whole clock again if it’s not already statute barred. 

Just wondering how to approach, I’m still within the 14 days of them asking me to get in touch, they haven’t referred it to Resolvecall yet. 

Thanks 

sourcrates

Classicmargarita said:

Hi everyone 

Please can anyone help with some advice 

In 2017, I was in a DMP for an old credit card from around 2004/2005. I was struggling to keep up payments so stopped paying in 2018 and sent a CCA request to Link Financial. 

They replied with a reconstructed copy of cobbled together Barclaycard T&C’s which were all blurred and not readable. I took advice at the time from the  CAB who said from what they had sent, it was unenforceable, they had not fulfilled the CCA request and I could consider not paying them until they did.

I stopped paying early 2018 and ignored letters from Link until 2022 when they referred it to Moorcroft, so I sent Moorcroft a CCA and they sent the same docs as LINK had sent previously. I replied and told them the CCA request was not fulfilled as the documents were unreadable. They referred it back to LINK, this was late 2022

I didn’t hear from LINK for a quite a while but the last 6 months they’ve been sending letters and emailing to get in touch, and have sent a letter to say if I don’t respond within 14 days they’ll send Resolvecall to my house.

I’ve read on this forum that Resolvecall don’t have any powers etc so I know that, but I still don’t want them calling or calling at my neighbours (I’ve read on trust pilot that they sometimes do this) 

My question is about statute barring, as I’ve not paid LINK since 2018 and not contacted them, would my CCA request to Moorcroft have reset the clock here or can I still try with sending the statute barred letter to LINK ? Or would this also reset the whole clock again if it’s not already statute barred. 

Just wondering how to approach, I’m still within the 14 days of them asking me to get in touch, they haven’t referred it to Resolvecall yet. 

Thanks 

Hi,

As far as I am aware a CCA request would not re-start the limitation period on this debt.

From what you say it would have become statute barred over a year ago now.

Classicmargarita

Thanks for responding! I’ll send the statute bared letter and see how it goes 

Invertigo

Evening all - feel like I should have come here for advice earlier but hindsight isnt much use now.

Last week I started the process of setting up a DMP with Stepchange as I believed it was better to do this before falling into arrears and defaults (which now seems to be the opposite advice to here). Would it be possible now for me to cancel this and instead move to a self managed, or even just redo a DMP with a debt charity in 3-6 months once accounts start defaulting?

I have cancelled all direct debits and moved my income to a separate bank to any debts and have had an email today that Stepchange have set up my DMP and have contacted my creditors. Is it too late to cancel this now and move to create an emergency fund by making no payments for a period?

sourcrates

Invertigo said:

Evening all - feel like I should have come here for advice earlier but hindsight isnt much use now.

Last week I started the process of setting up a DMP with Stepchange as I believed it was better to do this before falling into arrears and defaults (which now seems to be the opposite advice to here). Would it be possible now for me to cancel this and instead move to a self managed, or even just redo a DMP with a debt charity in 3-6 months once accounts start defaulting?

I have cancelled all direct debits and moved my income to a separate bank to any debts and have had an email today that Stepchange have set up my DMP and have contacted my creditors. Is it too late to cancel this now and move to create an emergency fund by making no payments for a period?

Its never too late, debt management is an informal arrangement, just email them back and say you wish to hold off a few months, cancel any payment you have arranged to them, that`s it really.