General idea about where to take things (DMP)

[Never-In-Doubt]

Re: General idea about where to take things (DMP)

Well that's good that your credit file will be clean but as you say in your opening post; you've still got a lot of debt.

As you are paying on time through a DMP you'll find your creditors won't even negotiate a F&F (why would they when you're paying it back?) so maybe UE might be worth exploring.

We don't sit back and watch them obtain judgments. We help you --> https://www.legalese.org.uk (same group as AAD & this forum)

[linnite]

Re: General idea about where to take things (DMP)

It could be that Equifax and Experian's entries might say DMP?
Cheers!

Got my equifax report and there is nothing there about DMP either. Have also sent for my £2 experian report.

[linnite]

Re: General idea about where to take things (DMP)

Great. No duplicates / DMP entries? If so then why bother paying?

Are you a homeowner?

Yes - in about zero or negative equity.

I have no idea why nothing on Noddle refers to the DMP, they all say default I guess, but even the Barclaycard one that is not defaulted says AP not DMP.

It could be that Equifax and Experian's entries might say DMP?

The only reason to pay is if I thought they would try for a CCJ and/or charges against our home.

Cheers!

[Never-In-Doubt]

Re: General idea about where to take things (DMP)

Great. No duplicates / DMP entries? If so then why bother paying?

Are you a homeowner?

[linnite]

Re: General idea about where to take things (DMP)

Hi & welcome

id take a read of our UE Diaries and consider sending a cca request. At least it gives you a better position of understanding. Had you defaulted 6 years ago your credit record would be clean now. With a DMP they leave trailing [AP] markers.

Ill be back tomorrow and have a proper read.

for now look around and consider UE

--> http://forums.all-about-debt.co.uk/f...bility-Diaries

Thanks for the quick look - the majority are defaulted though.

[Never-In-Doubt]

Re: General idea about where to take things (DMP)

Hi & welcome

id take a read of our UE Diaries and consider sending a cca request. At least it gives you a better position of understanding. Had you defaulted 6 years ago your credit record would be clean now. With a DMP they leave trailing [AP] markers.

Ill be back tomorrow and have a proper read.

for now look around and consider UE

--> http://forums.all-about-debt.co.uk/f...bility-Diaries

[linnite]

Hi,

Sorry about what will probably be a long post.

We have a DMP (Step Change) that started just under 6 years ago and we have got down from £54,000 to £30,000

We have been very good payers on it and have kept everyone happy.

As you might guess the defaults are going to come off the file across a spell over the next 6 months or so (except for one registered late that I have just started to challenge via Noddle).

It looks a good time to re-assess where we are going, do we stay with Step Change, do I start looking at UE etc etc.

If I list the debts perhaps people can tell me what they think should be my strategy. I'm open about all the options right now, including just carrying on paying the DMP.

1. HSBC consolidation loan £11000 defaulted Jan 09 paid down via DMP to £5200. Moorcroft administer this but I don't think it has been sold to them???

2. Egg card £8000 sold/transfered to Barclaycard. Step Change say I am down to £4900 and this is not on my wife's credit file so I think the 6 years must have gone?

3. HSBC large c.card £8000 sold to Idem, defaulted Dec 08 paid down via DMP to £4800

4. Halifax CC, £6500 originally now £3200 paid down via DMP, default date Dec 08, Blair Oliver and Scott administer, again don't think this has been sold?

5. Mint (RBS), £3500, for a while they carried on charging interest whilst under the DMP and did not default till Jan 10, I am challenging the default date, still owe £2945. Live a little dangerously with this as we bank with Nat West part of RBS but got advice they can't raid Natwest accounts for RBS debt.

6. Barclaycard, £4500, they have never defaulted this and it shows on Noddle as an up to date arrangement to pay, they are charging interest too albeit lower rate and we still owe £2900 paid down via DMP.

7. Tesco credit card was £3000 still owned by RBS I think and paid down via DMP to £1700 this has gone off my credit file or was never there.

8. HSBC credit card, was £3000 now with Hoist Portfolio (sold I think) and default date was Aug 08. Paid down via DMP to £1650.

9. HSBC 'online card' actually HFC bank originally £2200 and defaulted Aug 08, paid down via DMP to £1350.

10. HSBC current account £2000 overdraft defaulted Jan 09 and adminsitered by Moorcroft and again not sold. Paid down via DMP to £1200.

11. HSBC current account £1000 overdraft this has been sold to Idem and is down to £400 via the DMP. Defaulted Mar 09.

12. Finally a Next Directory with 'Debt Managers' defaulted Aug 09 and paid down via DMP from £900 to £100 so I could pay this off if it would do any good.

**** We also have a couple of recent defaults, not part of the DMP, smaller amounts, I don't expect to get rid of these but could pay them off if it would help to have satisfied defaults. Unfortunately a year or so ago there seemed no big deal about ending up with more defaults ****

Many thanks for any thoughts, approaches etc.

-linnite