Which Way to Go?

[Still Waving]

Re: Which Way to Go?

LLoydsTSB bank account with debit balance – originally TSB Moneyplan a/c opened approx mid 80's
Balance approx. £2140
Last full monthly repayment May 2010
DMP payments since then.
2 months arrears on DMP.
Being administered by SCM Solicitors for bank.

[MrsD]

Re: Which Way to Go?

I'm sorry I just can't see how these so called charities expect some of thes DMPs ever to work...so it was a 14/15 year DMP? and you've now retired? and you would have being paying it 12 years into retirement??

we will support you here and help get your life back

[Still Waving]

Re: Which Way to Go?

Hi

Can you just let us know the creditors are, it helps to know whats what as some creditors are pretty predictable.

You should have a read of the unenforceability section and some of the diaries to get a good feel for how it works.

if you've retired, I believe it is the best option to get rid.

how long did Payplan expect the DMP to go on?
I presume you were going to pay this off with your lump sum (please don't!!!)
did they all stop interest and are these pretty accurate balances?

Sorry - names now added.

I believe virtually all have suspended interest at this time, though I suppose they could commence adding if DMP is stopped??. The balances are pretty accurate based on figures requested from them a few months ago. The Payplan anticipated completion date is 2024.

[Still Waving]

Re: Which Way to Go?

Credit card 6 Capital 1. – Taken out during 00's prior to 2007 I believe
Balance approx. £440
Last full monthly repayment May 2010
DMP payments since then.
2 months arrears on DMP.
Being administered by lender

[Still Waving]

Re: Which Way to Go?

Credit card 5 Saga (AIB). – Taken out during 00's prior to 2007 I believe

Balance approx. £1,650
Last full monthly repayment May 2010
DMP payments since then.
2 months arrears on DMP.
Being administered by lender

[Still Waving]

Re: Which Way to Go?

Credit card 4 Mint/RBS. – Taken out during 90's (I think)
Balance approx. £8,750
Last full monthly repayment May 2010
DMP payments since then.
2 months arrears on DMP.
Being administered by lender

[vint1954]

Re: Which Way to Go?

Agree, the UE route is the one to take at this time.

You will get good support here.

Once you have sent off your CCA requests, you need to scan these and send to Niddy. He will advise on enforcability.

[Still Waving]

Re: Which Way to Go?

Credit card 3 Bank of Scotland. – Taken out during 90's (I think)
Balance approx. £13,200
Last full monthly repayment May 2010
DMP payments since then.
Last DMP payment May 2012.
Being administered by Blair Oliver Scott

[Still Waving]

Re: Which Way to Go?

Credit card 2 MBNA. – Taken out early 90's
Balance approx. £8,500
Last full monthly repayment May 2010
DMP payments since then.
“Sold” to Idem Capital securities Ltd (Paragon Personal Finance Ltd) by lender beginning 2012
2 months arrears on DMP.

[Still Waving]

Re: Which Way to Go?

Credit card 1 MBNA. – Taken out early 90's
Balance approx. £12,000
Last full monthly repayment May 2010
DMP payments since then.
“Sold” to Idem Capital securities Ltd (Paragon Personal Finance Ltd) by lender beginning 2012
2 months arrears on DMP.

[MrsD]

Re: Which Way to Go?

Hi

Can you just let us know the creditors are, it helps to know whats what as some creditors are pretty predictable.

You should have a read of the unenforceability section and some of the diaries to get a good feel for how it works.

if you've retired, I believe it is the best option to get rid.

how long did Payplan expect the DMP to go on?
I presume you were going to pay this off with your lump sum (please don't!!!)
did they all stop interest and are these pretty accurate balances?

[Still Waving]

Re: Which Way to Go?

I don't have the original paperwork to hand, as it is packed away somewhere, so the commencement dates are only approximate, however here is the detail requested.

[Deepie]

Re: Which Way to Go?

Me too...........

[MrsD]

Re: Which Way to Go?

agree absolutely

[Pixie]

Re: Which Way to Go?

Given the dates your CCs were taken out, I would definitely be looking at UE.

Save any funds for F&Fs on any that might be enforceable...but not before they've been passed on to dcas.