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Default via Arrange to pay
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Finnbellebeau
Posts: 10 Forumite
Hi , I started a DMP with PayPlan in March and it’s been going great but I have noticed 3 of my credit cards say arrangement to pay and 2 deliquent .I asked for them to add a default but they won’t as I’m paying ,can I ask PayPlan to holt payment to just them debts to force them to default ?Will PayPlan do that ? I don’t want to cancel the PayPlan all together as don’t want to go o we it all again to set back up
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PayPlan will do as instructed. And they should never have started you in a DMP until everything had defaulted. There may need to be some rejigging of the numbers but I doubt that would be starting from scratch.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions 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.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
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"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇0 -
This is why we suggest going radio silent until you get the defaults, then start the dmp, be it stepchange, payplan or diy
If you are happy with Payplan, and the companies have refused to default then you could just live with it.
You could escalate the complaint but ICO and FOS are likely to side with the creditor1 -
fatbelly said:This is why we suggest going radio silent until you get the defaults, then start the dmp, be it stepchange, payplan or diy
If you are happy with Payplan, and the companies have refused to default then you could just live with it.
You could escalate the complaint but ICO and FOS are likely to side with the creditor
I am happy but don’t want the other debts to drop off in 6 years and have some left for another 3/4 years after as I would love to buy my home at one point and I got my head around waiting 6 yearsfatbelly said:This is why we suggest going radio silent until you get the defaults, then start the dmp, be it stepchange, payplan or diy
If you are happy with Payplan, and the companies have refused to default then you could just live with it.
You could escalate the complaint but ICO and FOS are likely to side with the creditor0 -
Ok fab so I just tell PayPlan to remove them for now then add them back on when they default me ,great and thank you so muchBrie said:PayPlan will do as instructed. And they should never have started you in a DMP until everything had defaulted. There may need to be some rejigging of the numbers but I doubt that would be starting from scratch.0 -
I'd talk to PayPlan then. See what they can do to sort this out for you.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions 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.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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This is pretty early days. Some may well default in the next 6 months, and may take that long even if you were to stop paying them now.0
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I'd tell Payplan to stop paying those ones now to encourage them to default. The sooner they default the better it is for you.0
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