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sillybilly1983 wrote: »
about to kick off my DMP in the next month, got new bank account set up which my October wages will be paid into.
how much is a recommended emergency fund? while I still have credit available should I use some of that to stash for an emergency?
also I'm planning on using step change but seen people suggesting self managed. if I kick off with SC can I change to self further down the line?
2babyboys wrote: »
Hi, one more question...is it worth contacting my lenders to ask them not to issue a default? I know this sounds barmy but I only have been sent 2 default notifications and am wondering how many lenders will just be satisfied with the payments without defaulting me and it its worth begging the others not to default me? Anyone have any experience of this? Thank you
Willing2Learn wrote: »
It is better to have all your debts defaulted rather than marked as an arrangement to pay (or similar marker). If your debts are correctly marked as defaulted, back-dated to when you were 3-6 months in arrears, the default is removed from your credit file six years from the date of default. If the default is not recorded, then the account will stay on your file until six years from the date of the account being settled. The latter is a lot longer
January2015 wrote: »
...............Hopefully this explains why we all want prompt defaults applied to our debts.
dfw_big_al wrote: »
.......I am self managing a DMP as only 3 main creditors (B/C, LLoyds & TSB) and all have accepted temporary payment (6 months initially) arrangement and frozen the interest and charges for now!!
Just awaiting the next step as receiving the Default notices from each account and wondering if any of them will progress to CCJ's??? Wish me luck !!!:(
andythe_cab wrote: »
I have just joined this forum,thank God I did as it's giving me a little bit of hope.Reckon I've got about 14 credit cards most defaulted from 2014 onwards(69k)I'm on a DMP with SC for about 4 years,I've only just realised that some may be unenforceable as they were opened before 2007.I've just requested CCA on 3 of them,all of them have been sold on but when the DCA sent me any letters I just burnt them as I was on DMP,Of course I now want to contact the holders of these debts to request CCA-Any advice?
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