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  • FIRST POST
    • sourcrates
    • By sourcrates 26th Mar 17, 12:20 PM
    • 14,330Posts
    • 13,528Thanks
    sourcrates
    DMP Mutual Support Thread - Part 12
    • #1
    • 26th Mar 17, 12:20 PM
    DMP Mutual Support Thread - Part 12 26th Mar 17 at 12:20 PM
    Welcome to the DMP mutual support thread Part 12 !!

    Here you can find help in starting and running your DMP, self managed, Stepchange, Payplan and any other DMP all welcome here, but we do encourage you to use a free service, not one you pay for.

    There is help on getting interest and charges stopped, how to start with an emergency fund, defaults, token payments and lots more.

    If you are in a DMP or thinking of one, this is the place to be. We are non judgmental and all questions are welcome.

    Again the old thread was getting a tad long, so time for a new one.

    The old thread can be found here :

    http://forums.moneysavingexpert.com/showthread.php?t=5285089

    Once again, i think the original "newbie" post by sazzie23 still rings true.
    Last edited by sourcrates; 26-03-2017 at 12:50 PM.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Free Legal advice see : http://legalbeagles.info/
Page 162
    • January2015
    • By January2015 7th Mar 18, 9:05 PM
    • 2,092 Posts
    • 5,183 Thanks
    January2015
    Has anyone else in response to a CCA request received a scanned copy of their original account card application form? Itís from a well known dept store that also sell really good food! From 1998 which is a shame
    Originally posted by Summer12
    You must be careful as some credit card application forms actually doubled as a credit agreement, iím assuming you are referring to M&S, so check whatís written in it very carefully.

    If it says this is a credit agreement regulated by the consumer credit act, then it may be sufficient, but it must contain the terms and conditions as well.
    Originally posted by sourcrates
    Just because they have responded to your CCA request and sent you a copy of the original application form - even it contains T&Cs - do not assume that makes it enforceable.

    MBNA did this to us and I thought, oh well just have to pay it. However I got it checked out on the All About Debt website and it was unenforceable. I settled £12k for £1.2k because it was unenforceable. I could have paid zero, but I wanted to close the door on the account and get it marked as partially settled on my credit reports.

    As your account goes back to 1998 it's definitely worth getting it checked out
    DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k I'm driving it down
    £1k emergency fund (member #84) £1k/£1k
    [COLOR=Blue][SIZE=2]
    • Summer12
    • By Summer12 7th Mar 18, 10:52 PM
    • 83 Posts
    • 41 Thanks
    Summer12
    Thanks guys. I will scan it through tomorrow to AAD and keep you posted. I also had a reserve account with them which I havent had a response about yet and still waiting on 2 others.
    • Sazzie23
    • By Sazzie23 8th Mar 18, 4:06 AM
    • 2,619 Posts
    • 10,505 Thanks
    Sazzie23
    I've finally had the sense to speak with StepChange. The relief is immense! Thank you to everyone who provided advice.
    Originally posted by EmergencyNurse
    Hi Emergency Nurse and anyone else just starting out on a DMP, my life was saved by the banking advisor that suggested I call Stepchange when I finally admitted I couldn't make a payment and I will be forever grateful for that advice.

    We all do our DMPS with our own variations but the advice on this thread is invaluable, so subscribe to the thread and keep up to date but also use MSE to maximise the money you have.

    I'm 5 years - can't believe I'm saying that - into my DMP, still several years to go before I'm debt free but I would never have been debt free without a DMP.

    Thanks to everyone who gives input to the thread, sorry I'm not around more lately but it's fab that people are so active.

    Saz
    Debt -it's a fight that I'm winning, dealing with debt one day at a time.
    Estimated DFD August 2018 - 2031 - now 2027

    Guide dog Tess, missing Scotland 2 years

    DMP support no438.
    • carbootcrazy
    • By carbootcrazy 8th Mar 18, 5:04 AM
    • 4,811 Posts
    • 27,317 Thanks
    carbootcrazy
    Hi Emergency Nurse and anyone else just starting out on a DMP, my life was saved by the banking advisor that suggested I call Stepchange when I finally admitted I couldn't make a payment and I will be forever grateful for that advice.

    We all do our DMPS with our own variations but the advice on this thread is invaluable, so subscribe to the thread and keep up to date but also use MSE to maximise the money you have.

    I'm 5 years - can't believe I'm saying that - into my DMP, still several years to go before I'm debt free but I would never have been debt free without a DMP.

    Thanks to everyone who gives input to the thread, sorry I'm not around more lately but it's fab that people are so active.

    Saz
    Originally posted by Sazzie23
    Lovely to see you back again, Sazzie

    I know how RL and it's problems often gets in the way of doing things online and dropping in on this thread. Been there, done that myself recently


    You mentioned people's input to the thread and I just want you to know, Sazzie, that your posts were such a help and encouragement to me in the early, trepidatious months on my DMP. I'm now 5 years in to mine but sadly I was very late to find this thread. I really wish I'd known about it before I took the plunge into a DMP. I'd still have done it, no doubt at all, but I wouldn't have been so scared about what it might mean to my life. As it turned out, and as all other posters will agree, it's the best financial decision I ever made.


    Good luck to all the new DMPers who have joined us. Don't ever worry about asking questions, voicing your fears and worries. We've all been/maybe still are in the same boat. A problem shared is a problem halved as they say
    Last edited by carbootcrazy; 08-03-2018 at 5:08 AM.
    Make £10 A Day Challenge 2018: Jan-May: £1988.00+. June: £315.12


    Original Debt: £56804 (@02/13). Now: £9618
    . Under £10K at long last.
    • January2015
    • By January2015 8th Mar 18, 8:00 AM
    • 2,092 Posts
    • 5,183 Thanks
    January2015
    Hi Emergency Nurse and anyone else just starting out on a DMP, my life was saved by the banking advisor that suggested I call Stepchange when I finally admitted I couldn't make a payment and I will be forever grateful for that advice.

    We all do our DMPS with our own variations but the advice on this thread is invaluable, so subscribe to the thread and keep up to date but also use MSE to maximise the money you have.

    I'm 5 years - can't believe I'm saying that - into my DMP, still several years to go before I'm debt free but I would never have been debt free without a DMP.

    Thanks to everyone who gives input to the thread, sorry I'm not around more lately but it's fab that people are so active.

    Saz
    Originally posted by Sazzie23
    Hi Sazzie

    No post from me..... just wanted to say hi and how lovely it was to see your post when logged in this morning.

    Jan -x-
    DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k I'm driving it down
    £1k emergency fund (member #84) £1k/£1k
    [COLOR=Blue][SIZE=2]
    • Onebrokelady
    • By Onebrokelady 8th Mar 18, 9:30 AM
    • 369 Posts
    • 992 Thanks
    Onebrokelady
    Morning fellow DMPers
    My first payment went out on the 1st of March vis Stepchange so my DMP is getting going and all subsequent payments will be on the first of March,I have had letters from MBNA and Barclays saying they are defaulting my debt ( which Im thinking is a good thing ) and they interest will not be charged but both of the next dates they have mentioned for payment are not in line with my SC payment,do I need to get in contact with them or just leave it for the next payment to come out,Im thinking of writing them all a letter to just point out that SC are managing the payments and to remind them of the date,I think the dates they have mentioned are the dates when the minimum payments should come out
    I also got a letter about my NatWest overdraft saying they need to speak to me about the management of my account and they will have to close it if I dont get in contact they are not stopping the interest charges,obviously I don;t care if they close my account seeing as Im not using it anymore but the tone of the letter suggests that no one has contacted them but they arent part of my DMP so will be aware that Im with Stepchange,should I also contact them to remind them of this fact and to ask them to stop the interest
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £770.00 Total Now Owed = £16,860
    Emergency Fund = £400.00 Xmas savings = £250.00
    • January2015
    • By January2015 8th Mar 18, 9:41 AM
    • 2,092 Posts
    • 5,183 Thanks
    January2015
    Morning fellow DMPers
    My first payment went out on the 1st of March vis Stepchange so my DMP is getting going and all subsequent payments will be on the first of March,I have had letters from MBNA and Barclays saying they are defaulting my debt ( which Im thinking is a good thing ) and they interest will not be charged but both of the next dates they have mentioned for payment are not in line with my SC payment,do I need to get in contact with them or just leave it for the next payment to come out,Im thinking of writing them all a letter to just point out that SC are managing the payments and to remind them of the date,I think the dates they have mentioned are the dates when the minimum payments should come out
    I also got a letter about my NatWest overdraft saying they need to speak to me about the management of my account and they will have to close it if I dont get in contact they are not stopping the interest charges,obviously I don;t care if they close my account seeing as Im not using it anymore but the tone of the letter suggests that no one has contacted them but they arent part of my DMP so will be aware that Im with Stepchange,should I also contact them to remind them of this fact and to ask them to stop the interest
    Originally posted by Onebrokelady

    They will be standard letters from MBNA and Barclays, but it won't hurt to dash off a couple of letters to remind them of SC payment date and that you have no ability to change the payment date.

    NW were very good and stopped interest from day 1 for me. I would definitely write to them and remind them you are being supported by SC to deal with your debts, formally request they default the account as quickly as possible (at which point interest will stop anyway). Tell them you are doing your best to deal with your debts and would appreciate it if they could support you by defaulting the account asap freeze interest and charges with immediate effect.

    Sometimes there are a few creditors at the beginning of a DMP that you need to keep on top of, but it will soon settle down.
    DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k I'm driving it down
    £1k emergency fund (member #84) £1k/£1k
    [COLOR=Blue][SIZE=2]
    • Onebrokelady
    • By Onebrokelady 8th Mar 18, 10:28 AM
    • 369 Posts
    • 992 Thanks
    Onebrokelady
    Sigh.. i really hope i do last few weeks have been awful for me, God only knows how my wife has put up with me.. Works is a struggle as well. Really want to talk to my boss about it and explain, but i cant as i must be financially solvent to keep it.. Doc wanted to put me on the sick but i couldn't let her because of it. Suffered from depression in the past but never this bad.
    Originally posted by IANB77
    If you are struggling with work and your gp wants to sign you off and itís feasible to be signed off you should let her do it,you do not have to tell your employer why you are signed off,the reason would be depression and stress,people suffer with depression and are signed off all the time and donít have to give a reason why they are depressed,some people donít even know why,your health problems are confidential and all your employer needs to know is that your depressed not the reason why, maybe being signed off for even just a few weeks would give you time to come to terms with what has happened and get used to life with a DMP and then once itís all calmed down you can return to work
    Iíve been on antidepressants on and off for years and have just gone back on them after a six month break,my problem is more of a long term thing but my financial worries have pushed me over the edge over the last few months so Iíve e had to go back on them ,I think for me it will be a long term thing but I have to say isnce Iíve started my DMP and have now got a hold on my finances they are not causing me to worry as much any more,I felt really ashamed and stupid when I realised how much trouble I was in but now Iíve take steps to sort it out I feel so much better,hopefully you will too given time,donít forget you arenít the only one that this hasnít heppended to and you have at least taken steps to sort it out
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £770.00 Total Now Owed = £16,860
    Emergency Fund = £400.00 Xmas savings = £250.00
    • Onebrokelady
    • By Onebrokelady 8th Mar 18, 10:35 AM
    • 369 Posts
    • 992 Thanks
    Onebrokelady
    They will be standard letters from MBNA and Barclays, but it won't hurt to dash off a couple of letters to remind them of SC payment date and that you have no ability to change the payment date.

    NW were very good and stopped interest from day 1 for me. I would definitely write to them and remind them you are being supported by SC to deal with your debts, formally request they default the account as quickly as possible (at which point interest will stop anyway). Tell them you are doing your best to deal with your debts and would appreciate it if they could support you by defaulting the account asap freeze interest and charges with immediate effect.

    Sometimes there are a few creditors at the beginning of a DMP that you need to keep on top of, but it will soon settle down.
    Originally posted by January2015
    Thanks ,I will write to them all today, to be honest I wasnít expecting BC to stop the interest so easily because I had heard they were tricky to deal with but having read some of the posts on here today I realise now I must be paying below their threshold for interest to be stopped
    NatWest have never been that helpful for me but I will write and request they stop the interest anyway
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £770.00 Total Now Owed = £16,860
    Emergency Fund = £400.00 Xmas savings = £250.00
    • Onebrokelady
    • By Onebrokelady 8th Mar 18, 11:05 AM
    • 369 Posts
    • 992 Thanks
    Onebrokelady
    I'm glad i'm not the only one getting suspicious. Did your letter open with 'As discussed...". I hadn't discussed anything with them. I completed the Debt Remedy stuff online, nothing else.

    Seeing as I am already with Barclays I shall ask them to convert one of the accounts to a Cash Card Account. Ive already removed any tech packs and paid the overdraft so in an ideal world it should be fairly easy.

    Its a poor state of affairs when your bank balance is £0.00 and you're happy about it cos it's an increase!!
    Originally posted by EmergencyNurse
    Why donít you phone SC and ask them,I have just started my DMP with them and in my pack I got a list of recommendations for good basic accounts but no applications for specific banks
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £770.00 Total Now Owed = £16,860
    Emergency Fund = £400.00 Xmas savings = £250.00
    • LadyMorticia
    • By LadyMorticia 8th Mar 18, 11:21 AM
    • 19,129 Posts
    • 86,663 Thanks
    LadyMorticia
    Hey guys.

    Just an update. Well, Lowell were true to their word and have written off and closed my two accounts with them. Arvato have also done the same with one of the accounts I have with them, so now instead of my debt being £10,000-odd. It is now about £2500 instead.

    I'm paying token payments of £1 to the other creditors until I can save up enough to offer F&F settlement offers.
    January wins: *4 piece bamboo towel bale* *Winter Wonderland break*
    Win £2018 in £2018: £816.26/£2018
    • usedtobeblue
    • By usedtobeblue 8th Mar 18, 11:22 AM
    • 42 Posts
    • 24 Thanks
    usedtobeblue
    Ive done it! Ive sent my letters to all my creditors! Every single one of them! BC sent me an automated message to say ill be defaulted already so hopefully everything else will go as well! I actually cannot believe how much this was getting me down before i started this, i'm like a new person already and i only sent the letters/sercure messages yesterday!! I turn 40 in a few months and i am actually looking forward to it now!
    Bring it on, im ready at long last! Why did i not do this years ago? Anyone else feel like their life depended on a stupid credit rating? It really doesn't, your life depends on the quality of life you have with your loved ones, not worrying and stressing where the next pound is going to come from. I might have 8 years of repayment in front of me but i feel like the old me for the first time in 10 years!
    • January2015
    • By January2015 8th Mar 18, 11:29 AM
    • 2,092 Posts
    • 5,183 Thanks
    January2015
    Hey guys.

    Just an update. Well, Lowell were true to their word and have written off and closed my two accounts with them. Arvato have also done the same with one of the accounts I have with them, so now instead of my debt being £10,000-odd. It is now about £2500 instead.

    I'm paying token payments of £1 to the other creditors until I can save up enough to offer F&F settlement offers.
    Originally posted by LadyMorticia
    Well done Lady M - I'm so pleased for you. The end of your debt tunnel is so close now
    DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k I'm driving it down
    £1k emergency fund (member #84) £1k/£1k
    [COLOR=Blue][SIZE=2]
    • EmergencyNurse
    • By EmergencyNurse 8th Mar 18, 11:58 AM
    • 79 Posts
    • 156 Thanks
    EmergencyNurse
    Hi Emergency Nurse and anyone else just starting out on a DMP, my life was saved by the banking advisor that suggested I call Stepchange when I finally admitted I couldn't make a payment and I will be forever grateful for that advice.

    We all do our DMPS with our own variations but the advice on this thread is invaluable, so subscribe to the thread and keep up to date but also use MSE to maximise the money you have.

    I'm 5 years - can't believe I'm saying that - into my DMP, still several years to go before I'm debt free but I would never have been debt free without a DMP.

    Thanks to everyone who gives input to the thread, sorry I'm not around more lately but it's fab that people are so active.

    Saz
    Originally posted by Sazzie23
    Why don!!!8217;t you phone SC and ask them,I have just started my DMP with them and in my pack I got a list of recommendations for good basic accounts but no applications for specific banks
    Originally posted by Onebrokelady

    I can't thank you all enough. I've just been to open a Virgin Essentials bank account, got the sort code an account number today. I should hopefully be fully approved for the account and bank card on Monday. When its all definite I can send the details on to payroll and then SC to get the ball rolling. All priority and non priority debts are already paid for this month with the exception of mobile and one credit card. Timing really is everything, I didn't understand what it meant at first!

    Today I shall be writing to my creditors in preparation ready for distribution on Monday if all goes well.

    I've even got a cash emergency fund and I'm feeling good.
    Debt March 2018 £27,596 DMP Start June 2018 Debt Free Date 2022
    • Onebrokelady
    • By Onebrokelady 8th Mar 18, 1:19 PM
    • 369 Posts
    • 992 Thanks
    Onebrokelady
    Thank you so much for your reply. I have had a few text messages today asking me to call but I think I will take your advice and contact by online messaging as talking about it on the phone is still making me very anxious.
    I have a new bank account and have transferred the balance from my old account into it. Do I cancel all direct debits now? The ones set up are for my mobile, insurances, prescription costs, rent, council tax etc. I was going to cancel each one after payment and then ring and set them back up in my new account.
    Part of me is still terrified of taking this step whilst the other is totally relieved. Its a very strange feeling but hopefully it can only get better.
    Originally posted by mrsdann
    Hi Iíve just started my DMP with a Stepchange and I just wanted to tell you that so far itís the best th8ng I have ever done,I just wish I had seen the light before and done it earlier,as far as phoning your creditors go if you really canít face it then I understand but it might not be as bad as you are imagining,I hate talking to people on the phone,I even text my family rather than call them,everyone here advised me to call and so I decided to just do it,I was literally shaking and hyperventilating just thinking about it and my stomach was Churning,I just thought I can phone and if I donít like the way the conversation is going I can just hang up,so I phoned and was sooooo surprised, everyone I spoke too were really very kind,one lady told me to try not to worry it happened to lots of people she was so reassuring as soon as I mentioned Stepchange they knew I was taking steps to sort things out and they really were fine about it
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £770.00 Total Now Owed = £16,860
    Emergency Fund = £400.00 Xmas savings = £250.00
    • Danny008
    • By Danny008 8th Mar 18, 2:52 PM
    • 25 Posts
    • 7 Thanks
    Danny008
    So today 3 months into saving my EF I get a letter from Halifax saying my credit card debt has been transferred to Moorcroft Group with immediate effect. Will this affect my DMP once itís set up and is this a good or bad thing to happen? Thanks.
    • January2015
    • By January2015 8th Mar 18, 3:15 PM
    • 2,092 Posts
    • 5,183 Thanks
    January2015
    So today 3 months into saving my EF I get a letter from Halifax saying my credit card debt has been transferred to Moorcroft Group with immediate effect. Will this affect my DMP once itís set up and is this a good or bad thing to happen? Thanks.
    Originally posted by Danny008
    That's a good thing Just let SC know as payments will go to Moorcroft rather than Halifax
    DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k I'm driving it down
    £1k emergency fund (member #84) £1k/£1k
    [COLOR=Blue][SIZE=2]
    • Danny008
    • By Danny008 8th Mar 18, 3:54 PM
    • 25 Posts
    • 7 Thanks
    Danny008
    Thanks January. Will this be better for FnFs in the long run?
    • Onebrokelady
    • By Onebrokelady 8th Mar 18, 4:12 PM
    • 369 Posts
    • 992 Thanks
    Onebrokelady
    Ive done it! Ive sent my letters to all my creditors! Every single one of them! BC sent me an automated message to say ill be defaulted already so hopefully everything else will go as well! I actually cannot believe how much this was getting me down before i started this, i'm like a new person already and i only sent the letters/sercure messages yesterday!! I turn 40 in a few months and i am actually looking forward to it now!
    Bring it on, im ready at long last! Why did i not do this years ago? Anyone else feel like their life depended on a stupid credit rating? It really doesn't, your life depends on the quality of life you have with your loved ones, not worrying and stressing where the next pound is going to come from. I might have 8 years of repayment in front of me but i feel like the old me for the first time in 10 years!
    Originally posted by usedtobeblue
    Well done I wish I had done it years ago too or at least done it before I got so stressed out about it all,I was feeling so ill a few months ago but Iím starting to feel less panicky now I also have 8years of debt repayment in front of me but I say bring it on,Im glad I wonít be able to get credit anymore,I canít be trusted with a credit card so itís a good thing
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £770.00 Total Now Owed = £16,860
    Emergency Fund = £400.00 Xmas savings = £250.00
    • Onebrokelady
    • By Onebrokelady 8th Mar 18, 4:16 PM
    • 369 Posts
    • 992 Thanks
    Onebrokelady
    I got two more letters from MBNA today telling me they are going to default my accounts,itís a letter giving me 30 days notice and offerin me the chance to pay,Im just going to ignore this one,I am going to write to them in reply to the original letter to tell them when SC take the payment and that they can only contact me by letter.......Iíve never had so much post
    Just keep swimming
    Original Debt Owed Jan 18 = £17,630 Paid To Date = £770.00 Total Now Owed = £16,860
    Emergency Fund = £400.00 Xmas savings = £250.00
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