DMP mutual support thread part 13 !!

make_the_change · 26 September 2018 at 2:38PM

Thanks all.

Also, has anyone got a link for a template letter to complain about a default not registered on the account. Been paying for nearly a year a payment plan and was issued with default notices but no default registered and only markers on credit file. Want to complain to them as they don’t seem to be dealing with it. Thanks

make_the_change · 26 September 2018 at 2:42PM

carbootcrazy wrote: »

I hope everyone is having a good day:beer:. Lovely sunshine here for a change and the wild wind is no more than a gentle breeze. Maybe the summer isn't quite over yet after all:j

I've just had a letter re: my Tesco credit card account. It's been administered by Robinson Way for ages but was sold on by Tesco originally to Hoist Portfolio Holding Ltd (HPH0. Now it seems it's been sold on again to another branch of Hoist, this time Hoist Finance UK Holdings 2 Ltd (HFUKH2L).

I know some debts get sold on several times but I can't understand why Hoist have sold it to another company under their umbrella. I assume '' has assigned all of its respective rights, interest, benefit and entitlement'' means that it has been sold on.

Does anyone have any experience of negotiating F&Fs with Hoist please? The time might be ripe to have a punt;)

This is quite strange actually as I have a debt that was sold to Hoist Portfolio, managed by Robinson Way and all of a sudden the debt has disappeared off my credit file. I wonder if the same has happened to me although I have had no communication from them as of yet.

I have just submitted an F&F to Robinson Way, so awaiting their reply.

Will keep an eye on any replies to your query! x

[Deleted User] · 26 September 2018 at 2:59PM

make_the_change wrote: »

This is quite strange actually as I have a debt that was sold to Hoist Portfolio, managed by Robinson Way and all of a sudden the debt has disappeared off my credit file. I wonder if the same has happened to me although I have had no communication from them as of yet.

I have just submitted an F&F to Robinson Way, so awaiting their reply.

Will keep an eye on any replies to your query! x

Thanks, that's really interesting:T

Good luck with your F&F:beer:. Please keep us posted on how you get on with it.

Edit: Sorry, can't help with your previous query about getting a default registered. I'm sure someone more knowledgeable than me will come along soon with advice for you.

January2015 · 26 September 2018 at 3:45PM

make_the_change wrote: »

Thanks all.

Also, has anyone got a link for a template letter to complain about a default not registered on the account. Been paying for nearly a year a payment plan and was issued with default notices but no default registered and only markers on credit file. Want to complain to them as they don’t seem to be dealing with it. Thanks

I don't think there is a template letter for this. However, when you write to your creditor you should point out that they are penalising you by not defaulting your debt promptly. Had you been irresponsible and not been dealing with your debts and communicated with them about your DMP they would have defaulted the account within 3 to 6 months. Therefore the default would have been on your credit file for up to 6.5 years from date you started your DMP journey.

However, because you are being responsible and trying to deal with your debts they are penalising you by not appropriately defaulting the account in a timely manner. Hence your credit file will report poor credit markers for much longer than 6.5 years.

This is unfair and gives irresponsible people who avoid their debts the opportunity to have poor marks on their credit files cleared far quicker than those who take responsbility for their debts.

That is the argument you need to make - and point out you want the default back dated to the beginning of your DMP.

sourcrates · 26 September 2018 at 9:11PM

make_the_change wrote: »

Thanks all.

Also, has anyone got a link for a template letter to complain about a default not registered on the account. Been paying for nearly a year a payment plan and was issued with default notices but no default registered and only markers on credit file. Want to complain to them as they don’t seem to be dealing with it. Thanks

Just write a letter describing your concerns, you don’t need a template letter, just tell them your issues, make it a formal written complaint and they then have 8 weeks to provide you with a final response.

Walker42 · 27 September 2018 at 2:16PM

Hi

Thanks for the reply, I have a coop essentials account where the bulk of the money is and an ISA with the coop which doesnt have much in it.

I have heard that some companies will paste my signature into their own CCA. So I will be sending the £1 by postal order but am a bit worried that they may have my signature from the agreement I signed with DMP.

I guess I could credit check myself to see what it shows

Thanks again for the info

Rogue6 · 27 September 2018 at 2:51PM

Hello everyone,

I have entered in to a DMP recently and I am currently in between bank accounts as one of my creditors is my old bank account (which I owe an overdraft amount to).

My pay day is tomorrow, and my living wage is going to be paid in to my existing overdrafted account as I couldn't change my pay information before the cut off date. Since setting up my DMP, I can no longer withdraw funds from this account (I accidentally transferred money from my PayPal in to the account yesterday, but now I can't withdraw it?). As the account isn't closed, but is no longer accepting debits/withdrawals, only inbound payments, I am massively worried that the money being paid in by my employer, is going to be eaten up by my overdraft, rather than transferred to my new current account, this means I will miss all of my direct debits for this month, including Mortgage, Utilities, Food, etc and I'll have £0 to live off for the entire month, ultimately making my situation even worse.

I have switched current accounts using the current account switch guarantee and I'm told my overdraft won't be carried over to my new account, but as my overdraft has eaten the PayPal money, I assume it'll do the same for my wage? My account is going to be switched on the 2nd October, do you think the PayPal money/wage payment will be transferred automatically? I imagine Barclays will accept them as payments towards the overdraft, despite my DMP being active?

I have spoken to StepChange and they advised to speak to my bank in branch tomorrow to have them release the funds as it's my living wage which I rely on to pay my priority bills (could I get them to release the PayPal payment too?)

I'm wondering if anyone has experienced this before and may be able to advise?

Thank you,

- Rogue6

manue1970 · 27 September 2018 at 4:12PM

Hello All

I am contacting you for some help.
I have debts up to 27k which are :
Barclay credit card: £13179
Natwest credit card : £5553
Natwest bank overdraft £6754
La Redoute £145
Freemans : £461
Next : £1107

I do not know what to do anymore to clear them, I have not defaulted on any and pay my mortgage on time.
I am thinking on going with a DMP but do I need to close my bank account down? I have also a mortgage with NatWest which is due for renewal in December 2019, Would this affect it? Will they charge me high interest rates?
My other question is that if I decide to close my personal account and transfer everything to my husband account which is with natwest as well, Could this be a risk for my husband?
Last question is , which DMP company to use?
Hope I am making sense with all this.
Many ThaNks

Thank You
Emmanuelle

Willing2Learn · 27 September 2018 at 4:26PM

manue1970 wrote: »

...Last question is , which DMP company to use?

Just posting up to say, whatever you do, don't pay a DMP company for a service that you can receive for free from companies such as StepChange

backandevenmorebroke · 28 September 2018 at 9:49AM

Just a quick question regarding creditors accepting token payments.

I have 7 creditors in total, 2 have accepted £1 token payments and 3 I haven't heard from (bar standard missed payment letters, 1 asked for my I&E which I have sent but not heard anything back yet).

However, 2 have written back saying that they can see from my budget I have X amount leftover and if I am offering £1 token payments this is not being distributed between my creditors. I did explain in my letter enclosed with my I&E sheet that I am building an emergency fund as I will no longer have access to credit, currently have no savings and I am paying a large amount a month toward dental treatment. Do I just write back to them to reiterate this and state I will only be making the £1 token payments until 1st February (which is the date I stated in my previous letter) to which I will then send them a revised budget?

Thanks!

DMP mutual support thread part 13 !!

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free