DMP mutual support thread part 13 !!

January2015

usedtobeblue wrote: »

Hi, can you please help me. My husband is really struggling also and i may have talked him round to a dmp, but as am on one will that go against him in anyway? Will we have to do a joint plan? Are debts are not in joint names, other than the mortgage which is up to date? Thanks

You can choose to do a DMP on your own, as can you husband - ie. 2 separate DMPs. Or you could choose to do a joint DMP.

You have a financial link through the mortgage. It doesn't matter if it is up to date or not - that will link you both financially and therefore if you do a DMP and he does not, it would still impact his credit reference files because of your financial link.

Hope this helps.

motivated

January2015 wrote: »

Hi Motivated

My DMP payments have gone up and down and down again since we've been SM. All our creditors have been brilliant and supportive.

Just explain the problem and give them a time period that you will drop to token payments. Literally - drop to £1 per month until you sort the vehicle issue out. Write and tell them - don't ask them if it's okay.... just tell them this is what the problem is, and this is what will be happening. Assure them of your commitment to clear your debts, thank them for their support and understanding whilst you get through this difficult period, and remind them you will only correspond with them in writing and you do not give them permission to telephone you.

I've been paying token payments for over two years now. All my creditors are fine. Life interrupts and circumstances change. Creditors know that and I have found they will support you as long as you keep in touch and communicate the issues with them.

Good luck with the vehicle hunt

Hi January2015 and well done on your latest F&F :beer:

I did lower my payments to pay for the car before. Mended it and resumed original agreed repayments. Until now.

I sent letters today and added all the info you mentioned.ie: telling them our payments for x amount of months, all corespondance in writing,will resume payments on such and such a date, thanking them for their continued support etc etc. I'm so glad I went SM and stuck with it (I had a slight wobble a while back). It gives us the freedom to be more in control.

Thanks again. What would I do without this thread
M

System

:eek:Anybody got an ideas on why this has happened.... Just been on to check mine and OH's Noddle report and the debts we had with H/f*x, now sold to C*b*t but still managed by W*sc*t, have disappeared completely from our reports. They don't even show up in closed accounts....confused!

Girl_unknown

Hi Willing2learn..

Unfortunately I've already started a DMP with step change and I would like to continue to pay something, I'm going to have to reduce how much I pay

Willing2Learn

Girl_unknown wrote: »

Hi Willing2learn..

Unfortunately I've already started a DMP with step change and I would like to continue to pay something, I'm going to have to reduce how much I pay

Hi,


In that case, since the DMP has already started, you will need to reduce your DMP repayments to just token payments for a few months. Do it in consultation with StepChange and make sure you have told your creditors that your finances only allow token payments for 3-6 months.

snowbean

ploppy57 wrote: »

:eek:Anybody got an ideas on why this has happened.... Just been on to check mine and OH's Noddle report and the debts we had with H/f*x, now sold to C*b*t but still managed by W*sc*t, have disappeared completely from our reports. They don't even show up in closed accounts....confused!

I can't advise, but same thing has happened with one of ours. Although I think it was still owned by H and just managed by W. Very odd.

sourcrates

ploppy57 wrote: »

:eek:Anybody got an ideas on why this has happened.... Just been on to check mine and OH's Noddle report and the debts we had with H/f*x, now sold to C*b*t but still managed by W*sc*t, have disappeared completely from our reports. They don't even show up in closed accounts....confused!

Sometimes this can happen if there is a dispute, the CRA just hides the entry temporarily, or on occasion the whole entry can just vanish, one of my debts did the same thing a few years ago, no one knew why, it just disappeared and never came back.

ash28

Hi All,


I was on here before Christmas and received some excellent advice about starting a DMP and decided to go self managed as I don't have many creditors.


Anyhoo....as advised I sent off CCA requests before Christmas and have recieved replies from Capital One and Barclaycard. Capital One have provided a copy of the original application form, a set of terms and conditions and a statement, so I'm assuming that one is enforceable.


Barclaycard sent a letter and although they do not say it is unenforceable, they say they are satisfied that I owe the money and I should continue to pay or they may register a default.
They say that they should provide a copy of the executed agreement and any document referred to in it and a statement of the account - which they haven't. They say they have sent a reconstituted copy of the credit agreement.


Does this mean the Barclaycard debt is unenforceable?


Thanks in advance.

System

Just a quick question today guys. The other day I was inspired by someone on another thread who was overpaying her mortgage just a little every day, even just a couple of ££, like rounding down bank account I suppose. Thought this was a great idea and decided to start it as we are desperate to pay mortgage off.
Mortgage has never been involved in our DMP and we have never missed a payment in 22 years. Anyway I sent £5 the other day as an extra payment.
This got me thinking, our mortgage was with C&G and now it is owned by Lloyds. We have debts with Lloyds, so do you think I shouldn't over pay mortgage, as they may query why we don't pay more on the debts??

humblebee86

Hi again everyone,
Another Question following on from my last about going Self managed. I have found myself worrying about the amount I’ve been paying stepchange and have already changed it twice in the last 12 months, I was told I can only do this 3 times in a 12 month period or my plan would be void? Anyway, I have come to the decision that self managing will allow me to adjust some of my payments and relieve some of the stress associated with calling stepchange with issues making payments. I am also wanting 2 of my creditors to default me (backdated hopefully) and from what I’ve read offering a token payment plan may push them to do it? It would also allow me to put some money towards an emergency fund as so far I have £0 and with 4 children it’s proving quite difficult!

So in conslusion I want to go self managed, offer a token payment for 6 months and change the amount going forward. Can somebody point me in the direction to what steps to take first? Thank you ��