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Stepchange for 12years
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You may want to start thinking about taking over the management of the payments for any debts that are still enforceable - ie going self-managed with your DMP.
Also - the money you are now NOT paying to the debts which are unenforceable, ring fence that and stick it into savings (earning the best interest rate you can on easy access) as a "fighting fund" ready to make offers for full and final settlements on anything that it turns out is still enforceable.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
I'd not fully realised you'd been paying for 12 years. I'd agree. Stepchange don't always like removing debts individually or full and final settlements on individual debts.
Time to think about self-managing.If you've have not made a mistake, you've made nothing1 -
Thank you everyone , I’ll be sorting this afternoon . Really appreciate your help0
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If I go it alone now do I need to contact the unenforceable ones and tell them I’m not paying ?0
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Before we go any further, have all the debts now defaulted and disappeared from your credit files?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
Yes , nothing showing on any credit checks . Been on step change since 20100
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What does defaulted mean though? One letter actually says ‘due to the time elapsed this entry should no longer appear on you credit file ‘ - from Cabot who can’t provide CCA , but saying balance still remains payable and due ?0
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If they've gone from your credit files, that suggests that you did eventually get the formal defaults. The likely alternative would have been for there to have been continued AP markers and in that event the uncleared debts would still be showing.🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
Thank you . I will get on sorting , still delighted that Lowell have written theirs off £2500 approx !1
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Paying small amount of £233 each month
is that affordable, has your mortgage rate gone up? The less you are paying, the more likely a creditor is to accept a low settlement offer.
Stepchange said I could try a letter of ‘irresponsible lending ‘ Any idea what that would entail ?
Those are the stage two links @fatbelly gave. I dont know if the DMP has been going on too long though, Fatbelly's suggestion of going for CCA first seems more practical.1
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