Which Way to Go?

[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?

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.

[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?

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.

[Still Waving]

Re: Which Way to Go?

"Was this originally an A&L card?"


No, it was always MBNA.

[SXGuy]

Re: Which Way to Go?

Personally, from expierence, i can tell you i strongly believe MBNA will NOT be able to find your agreements, and thus these will be Unenfoceable.

If they can not, they WILL admit to UE very quckly, will NOT add interest or anything.

So if i were you, i would get your CCA Request off for both of these straight away, and cancel any payments.

[Still Waving]

Re: Which Way to Go?

As this is an overdraft, different rules apply. For this one, don't send the standard CCA request template with the £1 fee, see here for more info about O/Ds and what to send ---> Overdrafts - CCA Information - allaboutFORUMS

I'll have to try to dig out my copy of the original agreement, as this was a revolving credit type of account, where you paid in a fixed monthly sum from your current a/c, and were able to go up to X times that amount into the red.

[Still Waving]

Re: Which Way to Go?

By the way - I only realized after registering that there is someone else with a similar username. Apologies all round, there was no intent to cause any possible confusion.

[Still Waving]

Re: Which Way to Go?

Many thanks for the advice and messages of support.

I am today sending off the CCA requests in respect of the credit cards, and will update as and when responses come in.

I am hanging fire on the bank account at the moment while I try to find some original paperwork, to get the original nature of the account more clearly established.

[Pixie]

Re: Which Way to Go?

Don't forget to send them recorded delivery...it's worth the extra expense.

[Still Waving]

Re: Which Way to Go?

Could it have been a flexiloan rather than an O/D? I've got an account that has both.

That sort of idea. It was an old TSB a/c called Moneyplan. They are discontinued now, obviously, but the a/c has run on under Lloyds.

[Still Waving]

Re: Which Way to Go?

Update: Reply received from Mint re CCA request. They have returned my postal order, and the gist of their letter is

"I am unable to deal with your request due to, (ticked as appropriate)

s78 request received, however this has been returned to you as we require your signature before we can proceed. Please sign your request for information and return ....."

I am therefore proposing to send the template response covering this scenario.

[vint1954]

Re: Which Way to Go?

Update: Reply received from Mint re CCA request. They have returned my postal order, and the gist of their letter is

"I am unable to deal with your request due to, (ticked as appropriate)

s78 request received, however this has been returned to you as we require your signature before we can proceed. Please sign your request for information and return ....."

I am therefore proposing to send the template response covering this scenario.

This is the one:

Our Templates | Unenforceability Templates | Signature Request by Creditor/DCA

[nightwatch]

Re: Which Way to Go?

This is the one:

Our Templates | Unenforceability Templates | Signature Request by Creditor/DCA

Hya Vint
I sent that one and the next one,Lombard account
I've just posted the Lets stop playing silly buggers one and will wait and see what happens

Tesco sent back first request. I sent the no signiture required letter and they sent me a photo copy of some T&C under DPA

[Still Waving]

Re: Which Way to Go?

Thanks guys.

I think I'll try the template letter at first. If it's to be a war of attrition I ought to do my bit. I can try Flowerpower's suggestion later.