DMP Mutual Support Thread (Part 4)

pinksparkle_2

Jvic28 wrote: »

I'm with CCCS so can't help re Payplan.

I wouldn't bother claiming back charges until they have stopped charging them or you'll end up having to do it all over again. Just keep sending them letter asking them to stop charging etc for the time being.

How far can i claim back charges?

2 of my creditors, Welcome finance and citi, both loans, whacked the entire loan term interest on straight away, can i claim any of this back? Its thousands???

Can i get the interst on my other loans frozen or is it just credit cards???

Pinksparkle
xxx

Jvic28

You can request all interest on unsecured loans and credit cards be stopped. They have't got to though. They are within their rights to continue charging.

You can claim back charges back 6 years. You can't claim interest back though.

ianmak

pinksparkle wrote: »

Hi Everyone,

Havemt been on for a while so it will take me some time to catch up!

I started my DMP in August, I havent had any acceptance from any of my creditors, Im still getting statements with late and overlimit fee4s added. My payments are going to Payplan every month, although i have had to lower my monthly payment from £500 to £300, I spoke to playplan and explained to them about the creditcrunch etc, petrol, food, gas and elec, they said it was fine and someone from payplan would be contacting me, this was 2 weeks ago...!!!...Ive heard diddely squat!!!...I made my payment on 15th to payplan and looked on justabank today and i couldnt believe my eyes, £11.67 had credited my justabank account not £300...I emailed them asking what the hell is going on, suprise suprise no one has come back to me...

Has anyone else had any problems with Payplan????

Also i want to try and reclaim my charges, can anyone tell me how i go about this???

Im starting to feel really depressed as my debt seems to be increasing with charges not decreasing....HELP...!!!

Pinksparkle
xxx

The £11.67 isn't one of your payments to a creditor is it? Last month one of my payments was rejected by a creditor, and ended up back in my account as a payment, if that makes sense? It could be that the £300 hasn't quite reached PP yet?

MurrayMint

Hi All,

I'm really fretting at the moment about the long-term feasibility of my DMP. At the moment it will take 23 years to complete, which is not acceptable to creditors or us (our mortgage is I/O so we need to start paying that before we die!!!)

It is very early days - DMP started Sep-08 - but I'm trying to think of ways to increase payments. Next September our DD starts school, so we won't have to pay nursery. However I now know that there are no breakfast or afterschool clubs in the local schools, so we're faced with on-going childcare costs. I was hoping to throw the full £400 at the DMP, which would bring it under 10 years. Now it's not going to be anywhere near that.

I'm thinking about stopping my pension payments and using that money? At the moment my company contrinute 3% of my annual salary, so long as I contribute 3%. I currently contribute 7%, which equates to a net salary drop of around £100 per month. I could put all of this towards the DMP, but would loose out on my companies contribution.

What do you all think???????????????? Also, does anyone have any suggestions re. school run / pick up when both parents work fill time over 45 minutes away???

All in a tizz,
MM

skintandscared_2

Hi Murraymint!

I'm not a parent, so I can't advise on the school run thing I'm afraid (except, do any other kids live near you so you can share the run with another parent and only do half each?)

I have the same thing at work with pension and pay £150 a month into it, with my firm paying about £180. I've been advised by the CAB that creditors are unlikely to accept a DMP offer if they see me putting that kind of money into a pension scheme and have advised me to stop my payments for a while. So I have. It doesn't need to be for long, but it will show your creditors you are serious about trying to pay them and will probably take a few years off your DMP as well!

Toffee_Penny

Hi guys

OH received a letter today from Moorcroft Debt Recovery Ltd (pre court division in bright red letters!)

It reads -

Dear OH

We have been instructed by Halifax to collect your overdue debt of £xxx

It is a legal requirement to send a notice of intended litigation before legal proceedings in the County Court are issued. This letter fulfils the requirements even it is not read by you.

To preven legal action from being taken it is essential that you settle this debt without delay. Payment should be submitted in full within 7 days or contact made to this office immediately by telephone on xxxxx or by letter within with your payment offer. Failure to contact us by 10.00am on 28/10/2008 may result in legal proceedings being issued against you without further notice.

We would draw to your attention that if Judgement and an order for repayment in full is obtained and remains unpaid enforcement of debt may be sought by one or more of the following

1 Warrant of execution of baliffs against goods owned

2 Application of attachment of earnings order with your present or future employer

3 Application for a charging order on any property you may own or purchasin under a mortgage

We would emphasise that should judgement be enetered against you this may affect any future credit application you may make elsewhere. We would also draw to your attention that all legal costs are usually payable by the debtor.

All payments must be made payable to Moorcroft Debt Recovery Ltd and forwarded with this letter to the above address.

Yours sincerely

A Martin



So what is our next step? This is for OH loan from Halifax, we are now on a joint DMP with CCCS. Shall I write for a CCA from Moorcroft? Shall I instruct CCCS to pay this company instead of Halifax?

I know the letter contains alot of 'may' and 'if's' but I have checked out Moorcroft and they don't appear to be one of the easiest of DCA's to deal with.

Any advice on what our next step should be please?

many thanks

MurrayMint

skintandscared wrote: »

Hi Murraymint!

I'm not a parent, so I can't advise on the school run thing I'm afraid (except, do any other kids live near you so you can share the run with another parent and only do half each?)

I have the same thing at work with pension and pay £150 a month into it, with my firm paying about £180. I've been advised by the CAB that creditors are unlikely to accept a DMP offer if they see me putting that kind of money into a pension scheme and have advised me to stop my payments for a while. So I have. It doesn't need to be for long, but it will show your creditors you are serious about trying to pay them and will probably take a few years off your DMP as well!

Hi skintandscared

I've just caught the other thread about pension payments.... seems were all thinking the same thoughts tonight. I wish my company contributed that much!! I've just PM's CCCS_Sarah to ask same question. I think this is the necessary choice right now though. I'm 30 and have been paying for the last 10 years, so there's some money built up - not much, but it can sit there and hopefully build, while I can work on reducing the debt.

There's no other parents with young kids in the area, but I think I'm going to share the task out among myself, my husband, my dad, my aunt and someone else. One person per day of the week responsible for the school run?? Our employers should be able to cope with that? And my mum is teacher training, so she can help during holiday time.

It's just that the saving on childcare, if I can use all of it, could be the life-line to financial freedom. It will still take years, but we've got to start paying our mortgage in 10 years time, or we'll be paying it beyond retirement! We're both nearly 30 btw.

Oh yeah, and work damn hard and try to increase our earning bracket!!!

I'm just feeling so despondent right now. I think there's an element of winter blues here as well

I'm not proud to be dealing right now - I'm just desperate and want to cry

Kudox

Toffee_Penny wrote: »

Hi guys

OH received a letter today from Moorcroft Debt Recovery Ltd (pre court division in bright red letters!)

It reads -

Dear OH

We have been instructed by Halifax to collect your overdue debt of £xxx

It is a legal requirement to send a notice of intended litigation before legal proceedings in the County Court are issued. This letter fulfils the requirements even it is not read by you.

To preven legal action from being taken it is essential that you settle this debt without delay. Payment should be submitted in full within 7 days or contact made to this office immediately by telephone on xxxxx or by letter within with your payment offer. Failure to contact us by 10.00am on 28/10/2008 may result in legal proceedings being issued against you without further notice.

We would draw to your attention that if Judgement and an order for repayment in full is obtained and remains unpaid enforcement of debt may be sought by one or more of the following

1 Warrant of execution of baliffs against goods owned

2 Application of attachment of earnings order with your present or future employer

3 Application for a charging order on any property you may own or purchasin under a mortgage

We would emphasise that should judgement be enetered against you this may affect any future credit application you may make elsewhere. We would also draw to your attention that all legal costs are usually payable by the debtor.

All payments must be made payable to Moorcroft Debt Recovery Ltd and forwarded with this letter to the above address.

Yours sincerely

A Martin



So what is our next step? This is for OH loan from Halifax, we are now on a joint DMP with CCCS. Shall I write for a CCA from Moorcroft? Shall I instruct CCCS to pay this company instead of Halifax?

I know the letter contains alot of 'may' and 'if's' but I have checked out Moorcroft and they don't appear to be one of the easiest of DCA's to deal with.

Any advice on what our next step should be please?

many thanks

Hi Toffee, that does sound unnerving for sure but as you say contains the usual "if's and maybe's" etc so maybe just empty threats at this stage. I can't really advise about that particular company, maybe contact CCCS and see what they say. I think all you can do is what you're already doing, they can't have what you have'nt got after all.
These companies make me laugh, as if threatening you like this is going to make you suddenly say go on then I'll pay the full amount just like that!

Kudox

MurrayMint wrote: »

Hi skintandscared

I've just caught the other thread about pension payments.... seems were all thinking the same thoughts tonight. I wish my company contributed that much!! I've just PM's CCCS_Sarah to ask same question. I think this is the necessary choice right now though. I'm 30 and have been paying for the last 10 years, so there's some money built up - not much, but it can sit there and hopefully build, while I can work on reducing the debt.

There's no other parents with young kids in the area, but I think I'm going to share the task out among myself, my husband, my dad, my aunt and someone else. One person per day of the week responsible for the school run?? Our employers should be able to cope with that? And my mum is teacher training, so she can help during holiday time.

It's just that the saving on childcare, if I can use all of it, could be the life-line to financial freedom. It will still take years, but we've got to start paying our mortgage in 10 years time, or we'll be paying it beyond retirement! We're both nearly 30 btw.

Oh yeah, and work damn hard and try to increase our earning bracket!!!

I'm just feeling so despondent right now. I think there's an element of winter blues here as well

I'm not proud to be dealing right now - I'm just desperate and want to cry

Don't be desperate, you should be proud of dealing with your debts, I think in your case leaving your pension where it is and letting it build up is definately the right choice. You never know whats round the corner you know and loads could change in future to help you pay off your debts quicker.
Chin up.

Toffee_Penny

I know Kudox :rotfl:

I am in two minds whether to ask them if they want it in tens or twenty's too This debt is the highest, you are talking 19k! :eek:

How long do you think it would take us to find discarded loose change on the floor in the town centre to get us that amount? :rotfl:

Sorry I am bugged by these types of letters but it doesn't stop me laughing at them for trying it on :rotfl:

Ah well suppose laughing about it is the only way to deal with debt otherwise it can seriously drag you down