Link finance (DCA) ask for statement while I'm already on DMP

Hello,

Would really like any advice or previous experience please.
I've been on a DMP with Stepchange for quite some time now (many years) but suddenly one of my creditors (Link finance) are asking me in a letter/form to fill out a separate statement of details of my finances - should I do that or ignore it please?

Many thanks for any advice or experience with this kind of demand :smile:

Replies

  • fatbellyfatbelly Forumite
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    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
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    Pass it to stepchange
  • sourcratessourcrates Forumite
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    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Or ignore it, some companies policies are to update financial information from clients on a regular or ad hoc basis, you do as you please really.
    Ex MSE Board Guide.

    More than a third of IVA`s fail....fact.
    Could A Debt Relief Order help you ?
    Never pay a fee for a Debt Management Plan.
    For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
  • edited 20 July 2022 at 12:03PM
    changeforbetterchangeforbetter Forumite
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    Eighth Anniversary 100 Posts Combo Breaker
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    edited 20 July 2022 at 12:03PM
    Thanks for the answers both - just to add they did add a little 'suggestive' wording in their letter about needing to assess my finances due to an agreed period ending (I know nothing about that as my DMP has never altered much after several years and still has a few years left planned).
    It all sounded a little threatening, though I may be reading too much into it and they may just be doing ad hoc updates as you suggest.
  • changeforbetterchangeforbetter Forumite
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    Eighth Anniversary 100 Posts Combo Breaker
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    One thing I know for sure is that I don't want to go through separate financial reports, aside from my already agreed one with Stepchange.
  • sourcratessourcrates Forumite
    26.3K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    One thing I know for sure is that I don't want to go through separate financial reports, aside from my already agreed one with Stepchange.
    Then just send them an email, referring to what they have sent you, and say "Nothing has changed".
    Ex MSE Board Guide.

    More than a third of IVA`s fail....fact.
    Could A Debt Relief Order help you ?
    Never pay a fee for a Debt Management Plan.
    For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
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