Self managed DMP advice

gerrard88

hi all. Been on here a lot but just wanted to give an update/ advice needed

5 CCs. All defaulted but Tesco have not sent me anything in few years and not paying them anything. Not sure what even going on

the other 4 i pay small amounts to each month what I can afford

few are asking me to do a budget planner. I have told them I have done my own and agreed to increase little but they still insiting. Do I ignore?

few have given me good settlements but cant afford at moment

Starting to get me down again all this and worried I am doing something wrong etc

after 5 years can I go back to getting finance etc?

fatbelly

I think Tesco transferred their credit card accounts to Barclays, maybe 2 years ago. If your account fell through the gaps at that time, I'd just keep your head down. It goes statute barred at the six year point.

IIf you can show your budget without shooting yourself in the foot, to those that ask, it is good form to do so. Otherwise just carry on with the payments

The record drops off your credit file completely six years after it is defaulted or settled, whichever happens soonest

ellenvan

I noticed you asked about going back to getting finance. It's probably best to manage without even when you have access again. You will probably only be able to get high interest rates.

Rob5342

If they make too much fuss then sometimes it can be easier to give them a budget to shut them up. It doesn't have to be your real budget, you can just make something up that arrives at the figure you want to pay then.

Have you made CCA requests for the non Tesco cards? If they can't produce it then it's not enforceable and you can simply stop paying. I wouldn't make one for the Tesco card, ignore that completely for now.

ArtyJ931

what sort of settlements have they offered out of interest?

fatbelly

Good comment about cca requests on the non-tesco cards. That right is due to be removed next year so now is a good time to do them.

gerrard88

yes i need to type my Cca letters and send to be honest

only had cabot who offered settlement. Around 1200

So 6 years even if not paid it all goes of my credit?

Thank for advice on Tesco

Thanks for all advice