DMP for £60k worth of debt...ready to tackle this!

bravo4_5

Grumpelstiltskin said:

It isn't bailiffs who visit just door knockers. If you are in just tell them you are not dealing with them on the doorstep and shut the door. If you aren't home they will leave a card and they may or may not come back.

You can't force them to default you faster than they want just don't give in and pay them.

sourcrates said:

The "representative" has the same rights and powers as the postman has, you don`t post on internet forums every time a letter drops on the mat, treat them exactly the same, engage or don`t engage, they are simply a representative probably from their collections dept. wanting to know why you have stopped paying.

Respond to the email and tell them why, or if its that much of an inconvenience, remove their right of implied access from your property (you have to inform them in writing & post a notice on your door to that effect for it to be legal).

Or let them call and have a little fun with them, you just have to be confident of your position and have a bit of a laugh with them, obviously only through the window, never allow them access, even though they are not bailiffs, once inside they may be tricky to get rid of.

Mostly the only evidence that they called would be a card through the door, they are very wary of being paraded on YouTube or other social media platforms these days, as many people are now wise to them, and film the encounter.

Main thing is don`t be afraid of them calling, they are just another slogger doing a job, be upfront, say your not paying, tell them why, they won`t waste much time stood on your lawn if they ain`t going to get any money out of you.

Perfect, thanks guys. Thought this was a lot more serious than it was. I’ve replied to lendable telling them why I can’t pay and if they could give me a couple of months more to “get my finances together” I’m hoping by this stage they’ll be fed up and close to default!

Billy_Dandy

I owe money to Lendable too. I have missed three months of payments.
I've had a few letters but no 'threats' to send a representative thus far. It would be a concern because I do have to leave the house (shopping etc.) leaving spouse at home who has numerous health conditions including long term chronic mental health issues. They are also disabled and use a wheelchair.

Whereas most people could just 'ignore' a ringing doorbell, spouse would struggle and become distressed.

I guess I should just explain this to Lendable should I receive a similar notice and hope for their 'understanding'.

I don’t suppose I should tell them I’m just waiting for a default from them?

ManyWays

You could make an affordability complaint to lendable as they probably wouldn't send someone round while that was underway. If they pass it onto Resolve Call (they are the firm I normally hear of making home visits) you could then tell Resolve Call that you are disputing the debt with an affordability complaint and will not be opening the door to them while this is ongoing. It seems unlikely they would waste their time turning up in that situation, so worth a try. 

bravo4_5

Billy_Dandy said:

I owe money to Lendable too. I have missed three months of payments.
I've had a few letters but no 'threats' to send a representative thus far. It would be a concern because I do have to leave the house (shopping etc.) leaving spouse at home who has numerous health conditions including long term chronic mental health issues. They are also disabled and use a wheelchair.

Whereas most people could just 'ignore' a ringing doorbell, spouse would struggle and become distressed.

I guess I should just explain this to Lendable should I receive a similar notice and hope for their 'understanding'.

I don’t suppose I should tell them I’m just waiting for a default from them?

I replied to them basically saying I’m in the process of speaking to Step Change and setting up a DMP (I fully well know I’m going self managed) and they replied saying they’ve given me another 30 days.

bravo4_5

Hi All,

So PRA group have been added to my credit file as expected.

was just wondering, will this stop showing I owe debt to them once I settle the debt? Or will it still show for another 6 years after my final payment with them?

Reason I’m asking is, if it’s the latter surely this is worse than an AP marker being recorded in the earlier stages? If I’m wrong can someone please explain what would happen?

Thank you!

RAS

AP markers aren't just added at the beginning. They are added every single month until the default is issued. And if you don't get a default, they stay on your credit record for 6 years after the debt is paid off.

The good thing about a default is that it leaves your credit record 6 years later regardless of whether the debt is paid off or not.

bravo4_5

My Novuna Finance has defaulted which is a massive relief as this is my most recent AND biggest debt.

I still haven’t had anything in the post about the default just found out from my credit file.

They have a money worries section where you can voluntarily fill out an income and expenditure is it worth me doing this and arranging payments this way?

OR

Stay away from revealing this information and just start making payments through their online portal?

OR

Email Novuna and explain my situation and offer them my repayment amount?

Thanks

sourcrates

No default notice, nothing at all?

What exactly does it say on your credit file, does it show a "D" for default, and give the date the account defaulted?

bravo4_5

sourcrates said:

No default notice, nothing at all?

What exactly does it say on your credit file, does it show a "D" for default, and give the date the account defaulted?

Hi,

The latest thing I’ve had from Novuna is the NOISIA.

But yes ClearScore and credit karma definitely saying status as default. CK is saying the default date was 26th September but has only been reflected as an update on my file on 25th October.

What do you recommend going forward, I now don’t want to leave this too long and start getting into CCJ territory.

Thank you

RAS

If you are confident of the default, it's time to engage with Novuna. But unless you now have a good emergency fund I'd suggest offering about 80% of the pro rata payment. Or go lower initially and allow Novuna to "pressure" you into a higher payment?

And save the rest into an emergency fund. You can always increase the payments when the emergency fund is sufficient.