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dmp or iva

123468

Comments

  • sourcrates
    sourcrates Posts: 30,570 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    No, they are behind events on this one, seems they had been instructed to collect your outstanding payment of £85.23.

    Likely instructed before it defaulted, ignore them, they are not relevant any longer.

    Remember, only respond to letters, never emails.

    The debt will probably be sold now, you will be informed in writing when that happens.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • tp555
    tp555 Posts: 39 Forumite
    10 Posts
    No, they are behind events on this one, seems they had been instructed to collect your outstanding payment of £85.23.

    Likely instructed before it defaulted, ignore them, they are not relevant any longer.

    Remember, only respond to letters, never emails.

    The debt will probably be sold now, you will be informed in writing when that happens.
    Thank you - the actual amount I was behind before they demanded the total was £630.59 so the amount McLaren asked for confused me - thought it might be their suggestion of smaller payments, as it's actually an exact percentage of what I owe £85.23 requested and I owe £8522.95.
    I didn't realise about only letters not emails, thanks.
    I'm just worried about missing the one that I need to respond to! and unsure when and who to offer a small payment to moving forward.
  • sourcrates
    sourcrates Posts: 30,570 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    When a debt defaults, it often gets sold, not always but most of the time.

    To legally ask you to pay a debt, the company must write to you, yes they will try calls and emails first as its quick and cheap, but to comply with legislation, they have to write to you.

    They must also state the amount they are chasing, and who the original creditor was.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • tp555
    tp555 Posts: 39 Forumite
    10 Posts
    When a debt defaults, it often gets sold, not always but most of the time.

    To legally ask you to pay a debt, the company must write to you, yes they will try calls and emails first as its quick and cheap, but to comply with legislation, they have to write to you.

    They must also state the amount they are chasing, and who the original creditor was.
    Thank you that's really helpful.
  • tp555
    tp555 Posts: 39 Forumite
    10 Posts
    tp555 said:
    When a debt defaults, it often gets sold, not always but most of the time.

    To legally ask you to pay a debt, the company must write to you, yes they will try calls and emails first as its quick and cheap, but to comply with legislation, they have to write to you.

    They must also state the amount they are chasing, and who the original creditor was.
    Thank you that's really helpful.
    Update, my first default has been registered on my credit file - its with Sainsbury credit card - the debt collection centre Advantis Credit Ltd has been emailing me on their behalf and I have not replied.
    Now they have sent me a letter containing 'Important information - please do not ignore this letter' but it basically says contact us so we can help, they're giving 3 options, pay in full, talk to them, or say why I'm not liable for the debt. 
    Should I now get in touch with them and explain about doing a dmp and offer an amount I can afford to repay? or do I wait for a 'letter before action'? 
    Any advice would be much appreciated, thanks in advance.
  • stu12345_2
    stu12345_2 Posts: 1,576 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 2 August 2024 at 2:10PM
    can you afford anything  to pay, you say you can, depends if you have saved up an emergency pot first, have you

    letter before action could be over a year or many months away in theory. and at that point you could offer them a repayment plan 
    Christians Against Poverty solved my debt problem, when all other debt charities failed. Give them a call !! ( You don't have to be a Christian ! )

    https://capuk.org/contact-us
  • tp555
    tp555 Posts: 39 Forumite
    10 Posts
    can you afford anything  to pay, you say you can, depends if you have saved up an emergency pot first, have you

    letter before action could be over a year or many months away in theory. and at that point you could offer them a repayment plan 
    I am saving but its only going up really slowly, I would ideally like to be in a better position but don't want to risk house repossession as I'm on the joint mortgage. i have two part time jobs but after bills there isn't much left and recently had washing machine and car battery need replacing.
  • stu12345_2
    stu12345_2 Posts: 1,576 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 2 August 2024 at 2:28PM
    well as it's your first letter , you can expect more to come, that gives you time to get car battery and a basic washing machine id say

    beko machines are good and last ages and get a battery from a car motor factor, never a dealer 

    ps you sure it isn't alternator fault or something draining battery, batteries last 5 to 7 years 
    Christians Against Poverty solved my debt problem, when all other debt charities failed. Give them a call !! ( You don't have to be a Christian ! )

    https://capuk.org/contact-us
  • tp555
    tp555 Posts: 39 Forumite
    10 Posts
    well as it's your first letter , you can expect more to come, that gives you time to get car battery and a basic washing machine id say

    beko machines are good and last ages and get a battery from a car motor factor, never a dealer 

    ps you sure it isn't alternator fault or something draining battery, batteries last 5 to 7 years 
    The default has only just been put on the credit file but is dated to June 25th and I have had a few letters from Advantis but this is the first since the default.
    Thanks I'll look at Beko, and yes, my car is 2007 and I've had it 6 years without changing the battery so its probably due. 

  • stu12345_2
    stu12345_2 Posts: 1,576 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    it depends on how apprehensive you feel and also how much emergency pot you have, I've never heard on mse stories of creditors going straight to a letter before action straight after a default.

    usually it's letter after letter, then of course you still can respond to a letter before action with indeed a repayment offer at that point 
    Christians Against Poverty solved my debt problem, when all other debt charities failed. Give them a call !! ( You don't have to be a Christian ! )

    https://capuk.org/contact-us
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