DMP mutual support thread part 13 !!

January2015

Afreshstart wrote: »

Hi my loan with Tesco was taken out around 2014 & yes you take out for example £3000 for 5 years at 6% so your opening statement is £3180 (£3000 + £180) giving 60 equal monthly repayments of (£3180/60) £53.I think they refunded the remaining part of interest at the point of my default the same as if you closed the account early.I always got an yearly statement.

Excellent advice from the experts above which i've also followed.

If you loan was at 6% over 5 years then Tesco have only added year 1 interest at the start of the loan. Over the life of the loan the total interest would be approx £799 (I think!).

Changingtimes

Hi all.
I am so angry. Despite informing 1 of my creditors about me seeking debt advice and asking to put my account on hold all weekend they have called me. I done what Sourcrates advised and blocked them. Today they have actually called my work luckily I answered the call informing them calmly I was in work and could not talk. Surely this is now harassment? I have permission to contact me in writing I gave no permission for contact to.work?
Is this grounds for a complaint? How do I stop them from calling my place of employment?

Suseka97

Changingtimes wrote: »

Hi all.
I am so angry. Despite informing 1 of my creditors about me seeking debt advice and asking to put my account on hold all weekend they have called me. I done what Sourcrates advised and blocked them. Today they have actually called my work luckily I answered the call informing them calmly I was in work and could not talk. Surely this is now harassment? I have permission to contact me in writing I gave no permission for contact to.work?
Is this grounds for a complaint? How do I stop them from calling my place of employment?

I guess the quickest way would be to answer their call (if they call again at work) and warn that you will report them to the ICO if they continue to contact you at your workplace. Obviously I realise that might be difficult if you are in an open plan office, but you could pretend it's one of those PPI / Accident cold callers. Or if you have an email contact address, send a message saying much the same. I was being pestered by a DCA some months back, repeated calls etc. and so that's what I did and I've never had a callback since.

Changingtimes

Hi Suseka.
They have my email address which is how I asked them to contact me informing them I will always respond to email.
I will say what you suggest and see what happens then
Thank you

Moveslikeagger

May I ask which creditor it is that keeps contacting you?

Changingtimes

Sunny PDL company. I asked all my creditors to communicate in writing with me. Some have emailed. Some have agreed 30 days or even 45 days breathing space. 15 times since FRIDAY they have called and now calling work.

Changingtimes

Question, not that I am brave enough to tackle 16 creditors on my own , if you offer token payments, how do you actually make these payments? Obviously you won't give debit card, or set up DD, so how do you guys make your payments?

Moveslikeagger

Sorry to hear that they are calling your work! I hope you manage to put a stop to that. Regarding repayments I think when you write your offer letters you ask for account numbers and set up a standing order for the amounts you offered! I’ll be sending my offer letters in the near future!

Rosie1001

Update

Moorcroft are now managing my llyods debt

I received a letter , I telephoned them and we went thou a few things

I refused to do another income / outgoings with them , I said I’d done this with Lloyd’s and wasn’t prepared to do it with them and if they needed the info , they needed to contact Lloyd’s

They then asked me how Much I’d like to pay , I said £100 a month , we went through direct debit set up and was told they would review in 6 months

I received a letter saying the same thing ...all in all it was a painless transfer to them managing my account

I’m sure they might get a bit more heavy handed in the future to get more money , but I’ve not got it , so they can’t get it ...

Thank you all for advice on here , I couldn’t have found the strength to do it without your help xxx

motivated

Changingtimes wrote: »

Question, not that I am brave enough to tackle 16 creditors on my own , if you offer token payments, how do you actually make these payments? Obviously you won't give debit card, or set up DD, so how do you guys make your payments?

Hi changingtimes

I set up standing orders to our creditors accounts. No issues whatsoever. I got their account details, set up SOs and can change the amounts as and when needed.

All very painless

Good luck
M