We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Some advice would be much appreciated - DMP or not? Self-managed or not. Significant debt
Options
Comments
-
auburnheart said:Hi All,
I've recently noticed that Sainsburys Bank (the only creditor I have that don't have any facility only to ring), have sent me a statement showing the full amount is now payable. I was under the impressions that I was on a payment plan (to which I spoke to them about and they said they accepted). I can see that they added interest to my statement prior to this one however, told me no interest and charges are applicable.
Anyway, I've noticed on my Clear Score report this morning, that a company called "TDX Group (for Sainsburys Bank)" has made a soft search on my credit report. I've googled them but it just says they're an Equifax company not directly involved with Sainsbury's Bank. Sainsbury's Bank is currently being taken over by NatWest Bank therefore is it something to do with this do you think?
Looking on their website they have their fingers in lots of different pies, mostly in the sale and purchase of debts and advice on debt solutions to various clients.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-letter1 -
sourcrates said:auburnheart said:Hi All,
I've recently noticed that Sainsburys Bank (the only creditor I have that don't have any facility only to ring), have sent me a statement showing the full amount is now payable. I was under the impressions that I was on a payment plan (to which I spoke to them about and they said they accepted). I can see that they added interest to my statement prior to this one however, told me no interest and charges are applicable.
Anyway, I've noticed on my Clear Score report this morning, that a company called "TDX Group (for Sainsburys Bank)" has made a soft search on my credit report. I've googled them but it just says they're an Equifax company not directly involved with Sainsbury's Bank. Sainsbury's Bank is currently being taken over by NatWest Bank therefore is it something to do with this do you think?
Looking on their website they have their fingers in lots of different pies, mostly in the sale and purchase of debts and advice on debt solutions to various clients.0 -
"Default sums in arrears" by any chance?
Just a late payment charge, not an account default, when your debt defaults, you will get a statutory notice under sec 87(1) consumer credit act, giving you 14 days to rectify the breach, after which, if not acted upon, your account will default.
Nothing to worry about, all standard stuff, they appear to be gearing up to either default you, then sell your account or possibly pass it to a collection company to manage, whatever they decide, you will be written too.
The agents you deal with on the phone etc are not privy to the commercial decisions taken with bad debt accounts, and what they tell you should not be taken as what will actually happen, those decisions are made well above their pay grade, so you may be told, "yes well keep accepting your reduced payments", when in fact they intend to "wash their hands" of it and sell it on.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-letter0 -
sourcrates said:"Default sums in arrears" by any chance?
Just a late payment charge, not an account default, when your debt defaults, you will get a statutory notice under sec 87(1) consumer credit act, giving you 14 days to rectify the breach, after which, if not acted upon, your account will default.
Nothing to worry about, all standard stuff, they appear to be gearing up to either default you, then sell your account or possibly pass it to a collection company to manage, whatever they decide, you will be written too.
The agents you deal with on the phone etc are not privy to the commercial decisions taken with bad debt accounts, and what they tell you should not be taken as what will actually happen, those decisions are made well above their pay grade, so you may be told, "yes well keep accepting your reduced payments", when in fact they intend to "wash their hands" of it and sell it on.
It states on the letter, that if the arrears is not paid by 28/02/25 further action may be taken against you.
I took this as a standard default and have been waiting for it to appear on my credit report.
But nothing, and they applied interest to one of my statements after the date which makes me really nervous about what's going on.
Do you recommend I ring them?0 -
Sometimes, only very occasionally, default notices are not followed through with.
You could ring them, but the call handler will have scant information, and will not be privy to what will happen next with your account, those decisions are made on a commercial basis and are not passed on to call handlers.
No harm in writing through, usually that gets a response from the right department.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-letter1 -
sourcrates said:Sometimes, only very occasionally, default notices are not followed through with.
You could ring them, but the call handler will have scant information, and will not be privy to what will happen next with your account, those decisions are made on a commercial basis and are not passed on to call handlers.
No harm in writing through, usually that gets a response from the right department.
I have literally just contacted them. They have confirmed the account was defaulted on the 14/05/25 due to my payment plan arrangement not being followed. It was due to them having my date of payment incorrect. I explained that it was and they said there's was nothing they can do now. Which I do feel a little marked about.
Either way, he said a DCA will most probably be in contact with me to make payments and let them know what I can afford. He did wipe some of the interest and feed they added which they shouldn't have so I'm presuming I just wait for the DCA now? I've not had any DCA contact me for any of my debt yet so I'm a little nervous now about this.0 -
Nothing to be nervous about, just another collection company, they will send a letter, and will most likely only be acting in a collection role in this instance, that means that they don`t own the debt, ownership will still rest with Sainsburys, so all they can do is ask you to pay, they cant enforce the debt at all.
The letter will give you payment options you can choose, all very easy.
Of course they may sell the debt, in which case the letter will confirm whether this is the case or not, doesn't really make any difference to how you handle things.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-letter1 -
auburnheart said:sourcrates said:Sometimes, only very occasionally, default notices are not followed through with.
You could ring them, but the call handler will have scant information, and will not be privy to what will happen next with your account, those decisions are made on a commercial basis and are not passed on to call handlers.
No harm in writing through, usually that gets a response from the right department.
I have literally just contacted them. They have confirmed the account was defaulted on the 14/05/25 due to my payment plan arrangement not being followed. It was due to them having my date of payment incorrect. I explained that it was and they said there's was nothing they can do now. Which I do feel a little marked about.
Either way, he said a DCA will most probably be in contact with me to make payments and let them know what I can afford. He did wipe some of the interest and feed they added which they shouldn't have so I'm presuming I just wait for the DCA now? I've not had any DCA contact me for any of my debt yet so I'm a little nervous now about this.1 -
tigergambit said:auburnheart said:sourcrates said:Sometimes, only very occasionally, default notices are not followed through with.
You could ring them, but the call handler will have scant information, and will not be privy to what will happen next with your account, those decisions are made on a commercial basis and are not passed on to call handlers.
No harm in writing through, usually that gets a response from the right department.
I have literally just contacted them. They have confirmed the account was defaulted on the 14/05/25 due to my payment plan arrangement not being followed. It was due to them having my date of payment incorrect. I explained that it was and they said there's was nothing they can do now. Which I do feel a little marked about.
Either way, he said a DCA will most probably be in contact with me to make payments and let them know what I can afford. He did wipe some of the interest and feed they added which they shouldn't have so I'm presuming I just wait for the DCA now? I've not had any DCA contact me for any of my debt yet so I'm a little nervous now about this.
Thanks for replying.
Was Capital Resolve okay with you? Did it take long for them to contact you?
0 -
auburnheart said:Kauto5 said:Hi @auburnheart Thank you for sharing your DMP journey on here, it's been really helpful and I hope everything is going well.
I am about to start a DMP and have a loan with the same credit union as you. How have they been with you, any different to other creditors? Have they defaulted your loan and been ok in agreeing lower repayments? I'm most nervous about my credit union loans as they sound like they're the strictest
Currently they have defaulted me, starting paying less last August and defaulted me in January 2025, quickly following by a formal demand. They do want you to fill in an income and expenditure online to which I did (which mirrored my DMP details) and they accepted my repayments for 3 months. This ends the end of May 2025, therefore, will see how they are when I contact them at the end of this month. I've had to ring them a few times because emailing them is a massively backlog. I've tried sending letters but they just state they have them but not responded so ended up ringing them.
I've been in a DMP about 10 years ago, and had a credit union on that DMP too (not the same one). They defaulted my account, and as I was with PayPlan the whole time, they accepted the repayments and that was it. So not sure about the strictest.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards