Wiggle's UE Diary

[Wiggle61]

Background:

I had a good credit rating for years, did loads of stoozing and getting low balance transfers but in reality I was overspending by about £500 every month. This lasted throughout my 20's, I had (have) a good job but wasn't as well paid as the friends I was socialising with. This came to a head when my personal debt reached around £50K and the stoozing stopped. I entered into a DMP with Payplan in Feb 2009 and have not missed a payment to five creditors since. This includes an overdraft with Barclays, unsecured loan with NR and credit cards with MBNA, Halifax and M&S. I have a mortgage with Northern Rock too which is up to date. All of the creditors have moved the debts across to DCA's except Barclays. All creditors defaulted me around August 2009 (apart from N Rock who have an Arrangement to Pay marker ). There is no PPI, I don't believe any of the creditors have added penalty charges and interest has stopped. I have CCA'd the DCA's handling the Halifax and M&S debts and will do so with the Nortnern Rock DCA (once I have hopefully got a retrospective default which is currently arrangement to pay). MBNA has a charging order against my home so I will continue to pay that and Barclays too.

[MrsD]

Re: Wiggle's UE Diary

welcome Wiggle

a very familiar story, why have you decided to look at UE now, are your creditors still charging interest on your DMP?

and why would you continue to pay barclays?

[Wiggle61]

Re: Wiggle's UE Diary

M&S

Credit Card
Commenced Jan 2007
Balance approx £3600 (defaulted Aug 2009)
Last full payment circa Jan 2009.
On DMP paying £40 per month
Default applied Aug 2009
Paying IDEM

Balance approx £3600 (defaulted July 2009)

Nov sent cca request
Dec received vague response letter from IDEM stating they uphold my complaint
Jan - Reponse received. Deemed enforceable

[Wiggle61]

Re: Wiggle's UE Diary

HBOS

Credit Card
Commenced Nov 2006
Balance approx £3600 (defaulted Aug 2009)
Last full payment circa Jan 2009.
On DMP paying £40 per month
Default applied Aug 2009
Paying Robinson Way

Nov sent cca request
Dec received vague response letter from Robinson Way stating HBOS will send terms and as such, the account is currently unenforcable (no terms received).

[Wiggle61]

Re: Wiggle's UE Diary

Background:

I had a good credit rating for years, did loads of stoozing and getting low balance transfers but in reality I was overspending by about £500 every month. This lasted throughout my 20's, I had (have) a good job but wasn't as well paid as the friends I was socialising with. This came to a head when my personal debt reached around £50K and the stoozing stopped. I entered into a DMP with Payplan in Feb 2009 and have not missed a payment to five creditors since. This includes an overdraft with Barclays, unsecured loan with NR and credit cards with MBNA, Halifax and M&S. I have a mortgage with Northern Rock too which is up to date. All of the creditors have moved the debts across to DCA's except Barclays. All creditors defaulted me around August 2009 (apart from N Rock who have an Arrangement to Pay marker ). There is no PPI, I don't believe any of the creditors have added penalty charges and interest has stopped. I have CCA'd the DCA's handling the Halifax and M&S debts and will do so with the Nortnern Rock DCA (once I have hopefully got a retrospective default which is currently arrangement to pay). MBNA has a charging order against my home so I will continue to pay that and Barclays too.

I've decided that I don't want to pay a DCA unless I really have to. Barclays still hold my debt so I feel morally obliged to pay them.

Interest has stopped

[Wiggle61]

Re: Wiggle's UE Diary

Emailed both CCA responses to Niddy

[PlanB]

Re: Wiggle's UE Diary

I have a mortgage with Northern Rock too which is up to date. All of the creditors have moved the debts across to DCA's except Barclays. All creditors defaulted me around August 2009 (apart from N Rock who have an Arrangement to Pay marker )

Hello Wiggle and to AAD.

Your mortgage must be your priority. If the payments are up to date why have Northern Rock placed an ATP marker on your file? Did you get into arrears with your mortgage but have arranged to pay these off over a period of time to avoid possession proceedings?

Or are you referring to your unsecured loan with NR having an ATP? Was this a *Together* mortgage with part secured and part unsecured?

[PlanB]

Re: Wiggle's UE Diary

Barclays still hold my debt so I feel morally obliged to pay them.

If Barclays have no morals about the way they treat their customers then why should you feel morally responsible towards them? As long as you are paying Barclays they won't sell your account to a debt purchaser where you should find it's easier to settle the debt for a lower amount if ever you want to.

[Wiggle61]

Re: Wiggle's UE Diary

Hello Wiggle and to AAD.

Your mortgage must be your priority. If the payments are up to date why have Northern Rock placed an ATP marker on your file? Did you get into arrears with your mortgage but have arranged to pay these off over a period of time to avoid possession proceedings?

Or are you referring to your unsecured loan with NR having an ATP? Was this a *Together* mortgage with part secured and part unsecured?

Mortgage fully up to date. The unsecured loan has an ATP (not a Together mortgage it's separate). I've wrote to Financial Omsbudsman as I want to be able to re-mortgage in two years when the defaults die off

[Wiggle61]

Re: Wiggle's UE Diary

If Barclays have no morals about the way they treat their customers then why should you feel morally responsible towards them? As long as you are paying Barclays they won't sell your account to a debt purchaser where you should find it's easier to settle the debt for a lower amount if ever you want to.

Not sure what you are saying? It's in my interests to stop paying Barclays so they sell it on and I can settle at a lower figure?

[PlanB]

Re: Wiggle's UE Diary

Not sure what you are saying? It's in my interests to stop paying Barclays so they sell it on and I can settle at a lower figure?

Give us the background to this debt first before you can make an informed decision on what to do next. It's an overdraft and not a credit card so it's not so easy to play the unenforceable card.

[PlanB]

Re: Wiggle's UE Diary

The unsecured loan has an ATP (not a Together mortgage it's separate). I've wrote to Financial Omsbudsman as I want to be able to re-mortgage in two years when the defaults die off

OK. Why don't you post up the background to the NR unsecured loan too so we get the full picture

[Never-In-Doubt]

Re: Wiggle's UE Diary

Is Barclays your main banking supplier now, as things stand or are they just another creditor that you owe to?

[Wiggle61]

Re: Wiggle's UE Diary

Is Barclays your main banking supplier now, as things stand or are they just another creditor that you owe to?

Just another creditor. With HSBC and Co-Op.

[Never-In-Doubt]

Re: Wiggle's UE Diary

So why are you paying them, what is the logic behind it - just stop paying them and let them default you and get it over with!! Pointless keeping it alive by paying into it, unless there's another reason for it?