In a DMP, can i only make decent token payments for months, then make offers.

Grumpelstiltskin

Stu Stop overthinking things. Take one step at a time.

What Rob says about not banking where you owe money is a good point, open a new account with another bank ( not in the same group )  Monzo is often recommended on here. 

Don't use the switch service just open the account and manually transfer essential direct debits yourself.

Nothing terrible is going to happen,, in some cases on here it has taken years and no CCA has been provided and nothing paid on the debt and nothing has happened.

Forget SOA for any debtors at the moment you don't need them, just concentrate on getting essentials up to date and start building an emergency /  F & F fund.

Rob5342

stu12345_2 said:

don't like standing orders.too used to paying via a DD with stepchsnge.so maybe just see what systems the creditors prefer.i know some have a phone number to make a payment and a number to arrange a payment plan. dd.
tbh.the whole plan is to max out expenses on my budget plan in order to put away savings so in the future say 6 to 9 months plus.

Standing orders are much easier as you can just change them in your banking app whenever you want to. Other methods will involve contacting the creditor to change the amount which will be far more hassle.

I think you are missing my point about your budget. Your budget should be about managing your own affairs to make sure you have money for everything without getting short or needing further credit. It's not something to fiddle to try and convince the creditors of anything, you can tell them anything you want or nothing at all. It's the same with any F and F offers you might make, you simply say I've got £x.xx I can give you to clear the debt, do you want it or shall I offer it to someone else?

stu12345_2

I have a Santander ACC I opened last yr incase I need to move banks. it has no money in it at all.basic account. so can I ask if debts are found to be enforceable.and creditors respond quickly.at what point do I make them monthly payments.
plus I want to keep my bank account at moment .cos when do you reckon it could gobble my wages. eg could bank do it eg  if they not happy with my payment plan offer.
it would be amazing if I could offer them hardly anything for months and months ( if debts are enforceable) and save up a large enough amount to do a F and F.
at what point after the searches should I offer them something regularly 

stu12345_2

I know you and others said stop making any payments whilst they do searches but the debt camel site says keep making a payment even if it's only £1 each as that keeps me within the rules and they can't take further action like CCJ

Grumpelstiltskin

Stu At the moment stop thinking about what and when you offer anything.

Just to confirm who is your main account with and do you owe them or any other bank in their group money?

stu12345_2

RBS I owe them about£2000 for a credit card.but my RBS bank loan about £1800 was sold to moorcroft.dont understand why they didn't sell both. we.  both have Tesco credit card debt  about £1300 each but not sold on yet. and I have  Barclaycard credit card debt £6000 which is still with barclaycard.they never sold the debt.my wife has RBS bank too.she has RBS credit card and overdraft debt which was sold to moorcroft.shr has Barclaycard credit card debt£6500 which is still with barclaycard.we both have aqua credit card debt.ehich has been sold to moorcroft as well.

Grumpelstiltskin

RBS is in the same group as Nat West so you want to avoid  them.

Whether you want to keep the account or not please consider ( and your wife ) closing the accounts and use a different bank.

Oh and by the way a debtor can't just wave a magic wand and get a CCJ they have to go through a legal process firstly telling you what they intend doing, so forget that until and if you receive a letter before action.

Rob5342

How many of them have defaulted? If any haven't then I'd ignore them completely until they default, and only send the cca request once they've been sold. Defaults are much better for your credit record.lomg term, and once with a DCA the CCA becomes.more difficult to find and F and F offers are more likely to be accepted (since they would have only bought the debt for a fraction of its value)

stu12345_2

not sure how many defaulted.i assume it's all of them cos I got letters saying as you have not made the min  or correct payment for 2 months you are in default.can I ask how do I write cheques for the searches for my wife as only I have a cheque  book I wish to pay the £1 fee for my wife and avoid postal order charges as I can see us at the post office counter for ages as we fill in the orders then seal letters then get recorded delivery.
I want letters all ready to go at the post office.so how exactly do I do that.write cheques for my wife search fees.

backinbusiness

Stu - slow down.

1.  Why would you make payments (token or otherwise) if the debts are not enforceable - establishing whether they are or not is your first step.
2.  You don't have to explain where and F&F settlement funds came from.
3.  You do not have to provide them with a budget / income and expenditure breakdown.
4.  Whilst debt collector communications seem threatening, YOU are in control, not them.  Letters are often worded to panic you.

Listen to and act on the great advice you've received so far.