Meepatme Diary - Start of the long path

[Meepatme]

I think the DMP is looking off the cards unless am forced to court, one my lenders been on the ball and is enforceable for 27 odd k that the one am worried about. Am not paying anything to any of the lenders since August so early days. I intend not to for long as I can. Depends how the primary lenders play i guess if they default and roll to debt collectors i be more inclined to fight till status bar or FF.

[SaltnVinegar]

Hiya Salt, not sure yet tbh. Will see what niddy thinks of the last two CCA i sent over. Just one lender left then who has a loan and overdraft with, They been quiet so far, phoning me but will now be out of date for the CCA request hsbc. More favoring holding out for defaults then surfing the debt collectors for possible FF or going for status bar. Will see how i feel in December I guess if am upto the fight, or if anyone pushed for court action. id have to come to agreements

Well before you go signing yourself up for a DMP come back here and let us know what the terms are. IMO DMP's are only useful for a very small number of situations where people are in debt, and have seen some horror stories of Stepchange keeping people in a debt cycle for years, only to find that when the DMP ended they still owed money as some creditors did not freeze interest and charges.......

All depends on individual circumstances, but I would think long and hard entering into an arrangement when there are other options.

[Meepatme]

Hiya Salt, not sure yet tbh. Will see what niddy thinks of the last two CCA i sent over. Just one lender left then who has a loan and overdraft with, They been quiet so far, phoning me but will now be out of date for the CCA request hsbc. More favoring holding out for defaults then surfing the debt collectors for possible FF or going for status bar. Will see how i feel in December I guess if am upto the fight, or if anyone pushed for court action. id have to come to agreements

[SaltnVinegar]

Also spoken to StepChange re a DMP due to start December as I read you should squirrel away for bad months.

Hi Meepatme - great to see you starting your UE journey - congratulations!



Hopefully you'll start getting some results, but even the ones that aren't UE, don't give up hope as you can still bluff, come to arrangement if necessary, or theres possibly other legal arguments you can use depending on circumstances.

Onto Stepchange - whats the deal with this now? Are you still entering into a DMP in December? If so, do you mind giving the details of the plan they propose signing you up to?

SnV

[Meepatme]

Yeah getting it some now string it out till they start kicking court orders around. Just had two CCA one from MBNA one from Barclays:
Barclay card was open
21/04/2011Account start date 21/04/2011

MBNA card was open
Account start date 10/11/2006

Hopefuly MBNA one will be missing something that my only one pre dating 2006. Emailed both too niddy to see what the score is

[Still Waving]

Thanks got some more to upload both cc companies will upload those over weekend lots lots pages. What you guys done with enforcable ones just hold out till they either go for court action or pass the debts around in circles?

Even with ones which are enforceable, if you can string it out for long enough they are likely to become more amenable to negotiating repayment or settlement offers which are more manageable to you.

[Meepatme]

Thanks got some more to upload both cc companies will upload those over weekend lots lots pages. What you guys done with enforcable ones just hold out till they either go for court action or pass the debts around in circles?

[Meepatme]

Thanks got some more to upload both cc companies will upload those over weekend lots lots pages. What you guys done with enforcable ones just hold out till they either go for court action or pass the debts around in circles?

[Beachbaby]

Good luck to you, it's stressful but if anyone can help you, these guys can.

[Roger]

Sadly first CCA received from Sainsburysis enforceable. Assume now i wait it out with no payments let them escalate me and default some.

Early days yet and its a waiting game just keep the Diary up to date and if you receive any letters post a suitable entry on here. Yours isn't the first and it won't be the last to start of Enforceable.
If you can try and build up a cash buffer. You are taking control of these debts and not reacting to them!

[Meepatme]

Sadly first CCA received from Sainsburysis enforceable. Assume now i wait it out with no payments let them escalate me and default some.

[Meepatme]

OK thanks for the tip done that also

[JLC]

Might be better to emailing directly to Niddy.

[Meepatme]

Added the cca for sainsburys in upload area for review thanks guys

[Meepatme]

30/08 Agreement received from Sainsburys so that agreement and Statement in response to my CCA will upload for comment.