DMP mutual support thread part 13 !!

Suseka97

Walker42 wrote: »

.....What I would like to know is if I should try to start negotiating with them now or if I should wait for a response to my request for a copy of the credit agreement. I am not very good a sitting tight and I am very keen to get the matter sorted and move on with my life. Also is there any way that they can find out how much compensation I was awarded? Should I put the money elsewhere for the time being?
Thanks to everyone who posts on here. Good to know I'm not alone.
Marie

My advice is to hold fast and wait until you get the CCA response - if any come back UE it really does giving you bargaining power. They can't see your bank account details, so don't worry about that. Good luck

Suseka97

DourPower wrote: »

.....Me and my wife are both likely to go this route as we're both running out of credit and the ability to meet our minimum payments, and have been robbing peter to pay paul and are pretty much at our wits end. We rent, no mortgage, and manage all our finances seperately though we tend to divvy joint things up 50/50 apart from rent, which I pay most of as I earn more.. ....

But all the forms, (and nedcab too as far as I can tell) seem to require full joint household income/outgoings... I don't want to do a Joint DMP as I want to do self managed.

Ultimately its really up to you (both) how you want to manage this, but seeing as you split everything pretty much 50/50 (except for the rent) I think you'll find doing a joint I&E will make things easier to organise. You can still 'self manage' your own parts of the debt - the fact its a joint I&E doesn't make the debts joint, it just helps you work out the debt allocations.

With that said - if you're saying looking at your combined incomes and outgoings (assuming you've excluded the current non secured debt payments) it still demonstrates that you have more going out than coming in.. maybe you should seek advice for alternative solutions. IVA, Bankruptcy for example. Or perhaps I'm misreading this. Hopefully more advice will follow.

DourPower

Thanks Suseka - it turns out my wife's been recommended a DRO so she's likely going for that if my assets don't prevent it, but my assets are too much for me to have a DRO. So I'll still have to look at IVA/DMP. apparently the intermediary would allocate the house outgoings proportionaly according to the proportions of our incomes, and that's what her DRO will be measured on.
I think I'm beginning to get my head round the joint/not joint situation...

[Deleted User]

Suseka97 wrote: »

Rant away CBC - I'm so sorry to hear this and pretty damn angry on your behalf :mad:

What I would do, when you feel up to it - is to call them and basically state that if they contact you again via any means other than in writing you will report them to the ICO. That should rattle them. Or you could contact them via email and say the same, if you don't feel up to a call. My husband was getting pestered by phone calls to his mobile and whilst he has blocked their number, it still meant they could leave voice messages. I emailed their offices warning them I had a log of all attempts to contact him and that one more message would result in a complaint to the ICO - we haven't had a voice message since.

I somehow doubt they are calling you for any reason other than to pressurise you to increase your payments. They are a shambles outfit. Are these ones enforceable? I think you have CCA'd those ones, yes. My OHs are enforceable, but I've held off paying anything and the latest letters have offered 10% discounts - its a start

Thanks so much for your post, Suseka:T. A reassuring voice as always:A. I feel a bit calmer this morning and will definitely be contacting them in one way or another.


Yes, both LINK (MBNA) debts have been CCA'd. One is UE but the one she was contacting me about is enforceable, worse luck:(. I know which debt she was referring to as she gave the account number in the message she left:mad:. She didn't actually mention 'debt', 'arrears' or anything like that though, thank goodness.

Suseka97

DourPower wrote: »

Thanks Suseka - it turns out my wife's been recommended a DRO so she's likely going for that if my assets don't prevent it, but my assets are too much for me to have a DRO. So I'll still have to look at IVA/DMP. apparently the intermediary would allocate the house outgoings proportionaly according to the proportions of our incomes, and that's what her DRO will be measured on.
I think I'm beginning to get my head round the joint/not joint situation...

Your situation does sound more complex than most - so I hope you get some good advice and a resolution that works well for you both. Good luck and let us know how you get on

Suseka97

carbootcrazy wrote: »

......Yes, both LINK (MBNA) debts have been CCA'd. One is UE but the one she was contacting me about is enforceable, worse luck:(. I know which debt she was referring to as she gave the account number in the message she left:mad:. She didn't actually mention 'debt', 'arrears' or anything like that though, thank goodness.

You're welcome CBC
I'd get onto them (Link) fairly swiftly though, if you can - to avoid another similar situation. Or is there a way you can block their number from your house phone. Anyway, glad to hear your in a better place this morning and feeling a little calmer. Have a good day,

make_the_change

Can I have help with F&F settlements?

Offered 10% to one creditor (very low but testing the water) and they have asked me to complete an I&E form. Few questions:

Do I return this and how do I show or manipulate figures?
I’m only offering them an F&F, do I tell them this as they have asked?
10% is equal to around £60, where do I say the money is coming from?

Thanks in advance.

Suseka97

make_the_change wrote: »

......Offered 10% to one creditor (very low but testing the water) and they have asked me to complete an I&E form. Few questions:
Do I return this and how do I show or manipulate figures?
I’m only offering them an F&F, do I tell them this as they have asked?
10% is equal to around £60, where do I say the money is coming from?
Thanks in advance.

No need to send an I&E - you only need that when setting up payments to demonstrate affordability. When it comes to F&Fs the drill usually is to say that someone has offered you a sum of money for the sole purposes of settling your debts. You should also say the offer is timebound, There's a template letter on the NEDCAB website that has a set of wording which basically ensures that if a creditor / DCA accepts an F&F, that they don't then sell what's remaining on to another agent.

January2015

make_the_change wrote: »

Can I have help with F&F settlements?

Offered 10% to one creditor (very low but testing the water) and they have asked me to complete an I&E form. Few questions:

Do I return this and how do I show or manipulate figures?
I’m only offering them an F&F, do I tell them this as they have asked?
10% is equal to around £60, where do I say the money is coming from?

Thanks in advance.

Suseka97 wrote: »

No need to send an I&E - you only need that when setting up payments to demonstrate affordability. When it comes to F&Fs the drill usually is to say that someone has offered you a sum of money for the sole purposes of settling your debts. You should also say the offer is timebound, There's a template letter on the NEDCAB website that has a set of wording which basically ensures that if a creditor / DCA accepts an F&F, that they don't then sell what's remaining on to another agent.

I do send an I&E when making F&Fs. It saves them asking me for one, and it shows them I can't afford to pay more than I am paying and my situation is not going to change. I send my creditors I&Es at least one a year - I like to be proactive and not wait until they ask for it. But that's just me

[Deleted User]

I hope everyone is having a good day:beer:. Lovely sunshine here for a change and the wild wind is no more than a gentle breeze. Maybe the summer isn't quite over yet after all:j


I've just had a letter re: my Tesco credit card account. It's been administered by Robinson Way for ages but was sold on by Tesco originally to Hoist Portfolio Holding Ltd (HPH0. Now it seems it's been sold on again to another branch of Hoist, this time Hoist Finance UK Holdings 2 Ltd (HFUKH2L).


I know some debts get sold on several times but I can't understand why Hoist have sold it to another company under their umbrella. I assume '' has assigned all of its respective rights, interest, benefit and entitlement'' means that it has been sold on.

Does anyone have any experience of negotiating F&Fs with Hoist please? The time might be ripe to have a punt;)