Hi, I wonder if someone could possibly help me with a couple of queries I have. Hi, My husband and I currently have a DMP with CCCS which we have had since May 2010. When we first started the DMP, I also had a Littlewoods account but I didn't include it with the rest of my creditors as it didn't have much on it and I thought I would pay if off before the DMP started. Unfortunately we needed to use it for some household appliances which broke and we hoped to pay if off with my husband's commission, however, he hasn't received as much as we expected. The account has now increased to the point now where I can no longer afford the monthly payments. I have been burying my head in the sand a bit about it but I now need to do something about it. I have emailed CCCS to see if they are going to cancel my DMP or if they are willing to help me but in the meantime, I wanted to find out how I can go about managing my own DMP if they cancel. - All my creditors have accepted my DMP so I don't think it would be difficult now to manage it on my own. I'm not sure, however, how I would add the Littlewoods debt to it? Do I send them a letter saying I can't afford the monthly payment and offer them a reduced amount? Do I have to tell Littlewoods that I have been in a DMP for the last few years? Do I have to tell the other creditors about it? Any advice would be much appreciated.

Hi all, Just a quick question as I want to finally sort my finances. I'm looking to go with eithers cccs or payplan (possibly do it myself but I'll ask that in another subforum) and as such I had a look at my experian credit report today. I'm sure there are a few things missing from there (guess I'll have to do statutory with equifax and callcredit soon) but one thing I noticed with all my payday lenders but Early Payday in particular was that the initialloan was for under £200 I defaulted at £460 and now the balance reads £1250ish. I know I should have contacted them sooner but this does seem pretty high! So should I accept that? or is it worth challenging? Also, quick question last year I did an experian statutory report and saw Wonga on there for about 1900 (I kept a copy so I'm sure of this) I've done a report today and there's no sign of Wonga or even a similar amount? Are they reporting to a different agency or something now? Should I contact them to get my account details or how can I find the information? Many thanks

Hi, first post so please bear with me. My husband submitted his NDL Cashflow to the HSBC in April this year when he realised he could not meet his commitments, mostly in return he has had letters advising him to get help from a DC and of course the phone calls. The HSBC also denied that he had written to them so he sent them copies of the recorded delivery receipts and complained about the way he had been treated, he did receive a better response to this and an apology and a refund of charges for that month, he also pointed out that he would not deal with this matter on the telephone and would they please deal with it by letter, he also received a letter offering him a reduced full and final settlement which he replied to saying if he had any money he would be making his monthly payments, no reply yet. Frankly this is one of the more baffling elements of being in debt, you do what you think is the right thing and offer what you can and it gets ignored? I cannot see any merit in totally ignoring an offer,they can always say no (in writing of course). I think it is back to the drawing board Rohannah

hi, i'm new on here so apologies if someone else has already asked or answered these qquestions i'm looking into getting a dmp set up with payplan and i'm after real opinions of them & their service - also, do they have a minimum amount to pay each month? does anyone know of any payday companies that refuse or are really awkward about setting up DMP plans with them - i have collected quite a few and hope that a dmp will be the end of my worries! thanks for any help x

Hi Guys, I hope you can help me. I have several issues that i want to raise regarding think banking and gregory pennington and hope that someone can help. Firstly i took out a DMP with Gregory Pennington nearly 3 years ago. i provided my income / outgoings and explained that i was struggling to live and pay rent due to my high levels of debt. I looked over everything and even though i knew there would be a fee attached, decided it was worth the money as long as my debts got cleared....this is where things started to go horribly wrong! Firstly i was informed by Gregory Pennington that i would 'NEED' to set up a bank account with Think Banking. Since i was paying large overdraft fees each month the £12.50 monthly admin fee seemed a drop in the ocean in comparison, and so i agreed. I realise now that there is no need for me to ever 'pay' for a bank account and i feel like i was forced into taking this account and want to know if i can do anything about it in the same way people claim for mis sold PPI? These two companies claim to be seperate and yet with the mounting issues i am having with both of them they seem to be almost intertwined and i wanted to know if you had any further information about them? Also when i signed up for this account think proudly announce that they are part of the RBS group. I have found out today following the massive RBS banking issue on moneysavingexpert that this company is not part of RBS at all and merly uses there banking system and i am wondering if this is then fraud? I have several complaints that i wish to lay out to you but if i can start here any advice would / info would be greatly appreciated as looking over these forums you guys seem to have quite a bit of experience of dealing with people tied in with these con artists

Hi, I have a few other threads for LTSB, but this new one is specific to my Loan and interest etc. I hope that I haven't duplicated over two threads but I wanted to keep this one separate. This is long, and I will try to be as concise as possible. I would like to ask for advice as what to do first, and wether the interest payments added are legal and correct. I am missing some information, and I have sent 2 SAR’s to LTSB, the 1st accidentally went to HBOS (address incorrect on ICO register and recorded signature failed so reclaiming from RM for ‘lost’) and I await the documents from the 2nd SAR. I have been reviewing all documentation from my creditors, as I have been on a DMP since June 2006, in 6 years I have reviewed frequently (with Pay Plan) and lowered repayments twice, due to rent increases etc. I still contribute quick a hefty chunk of money to my DMP, not just token payments - approx. £750 a month. This thread is for a Lloyds TSB loan, and I have adjusted the figures slightly so as not to highlight my identity to the trolls. 2004 : Loan taken - value £22,000 & PPI £5000, over 60 months (consolidated 2 previous loans) - irresponsible lending by LTSB (but thats another whole different story!) 2006 : 21 payments made and then financial difficulty 2006 : June started DMP (DMP to last 6 years but extended by 2 years as payments lowered) 2006 : LTSB refused to acknowledge DMP, harassed by many ‘arrears’ letters and threats etc, but interest appeared to have stopped. 2009 : Default notice sent over 3.5 years after ‘contractual payments’ broken 2009 : July, letter from LTSB states ‘interest frozen’ (clearly it wasn’t) 2009/2010 : Interest RE-started, no link to re-structure of DMP etc. Just re-started out of the blue. 2009 : Interest added as below, for a period of at least 6 months (I cant locate all ‘arrears statements’ at the moment) 2010 : Account defaulted, 1 year after DN sent, and 4 years after DMP started, and co-incidentally after interest added in thousands. In summary, I have paid approx. £16,000 whilst on DMP, so if interest stopped I would have a balance of a couple of thousand pounds. Instead the balance remains at over £11,000! When viewing an arrears letter I noticed a very strange calculation on the balance, I list one month example below (figures for demonstration purposes): Due Credit Debit Balance 12 Dec 09 Opening Balance 10,000 16 Dec 09 Repayment 250.00 09,750 17 Dec 09 Repayment Due 600 10,350 19 Dec 09 Interest 150 10,500 So charges of £750, my payment of £250 is not touching the balance and EACH MONTH the figure is increasing by approx. £500! Q1 : Is this correct, is this the correct accounting procedure to add the £600 contractual payment to the outstanding balance of the Loan. This certainly is not on any T&C for any LTSB previous loans (these were consolidated by I cant yet find the CCA for this loan). Q2 :If the interest was frozen initially, and then re-started can I challenge this under hardship rules? Q3: I believe I can challenge default date, as this is well over 3 years after first contractual payment missed. Is this true? At this rate the loan will never be paid, and my credit file will have this loan on there permanently. At this moment in time I don’t know if I am more p’d off at the credits administered onto the loan, or that my credit file will be permanently ruined. I do have PPI to reclaim, as it was mis-sold (cover provided elsewhere) but I am not sure at what point to reclaim, I was thinking of doind PPI reclaim after questioning the interest charges etc and thus getting the loan to a reasonable value before claiming PPI which would in effect reduce balance to 0. Sorry its a long one, but I wonder if anybody else had the same ‘service’ from lloyds on their loans under DMP? Thanks

Hi All Here is my predicament. We are expecting another baby in Sept and my wife will go on mat leave for approx 6 months. She is the main earner in the household so we are going to lose approx £1200 per month. Est income will be £2000 Est outgoings will be £2600 Outgoings include £900 of loans, credits cards and other finance. If I could 1/2 the payments I am making to these lenders in the short-term (6-12 months) and make a few cutbacks elsewhere, I think I could make the books balance. Finance includes the following: Private loan £20k @ £280 p/m Personal loan of £8k @ £230 p/m (halifax) 3x credit cards of £6k @ £140 p/m (halifax, barclaycard, vanquis) DFS @ £70 p/m Solicitor @ £100 p/m What I plan to do is write to all these creditors with an offer: Are they likely to listen and help? Is there any chance they might freeze interest? Would DFS try to reposes the sofa? Any other advice? I know this is going to affect my credit rating and quite frankly I would be glad of it. Finance people throw credit at me and I am not responsible enough (see above). The alternative is IVA or BR but I think as it's a short-term problem and we are homeowners, I should avoid that. I would be extremely grateful for any advice. Thanks Ryan

Hi, I have quite a large amount of money on cards (around £10,000) and whilst it is not impossible for me to pay the monthly payments, it is a struggle and I am certainly not making any headway in paying off the debts. What I really need is a loan over 3-5 years and an opportunity to cancel my cards, have mangeable monthly payments and see an end to the debt in 3-5 years time. I do not want to go down the DMP route as I feel that this is unnecessary. I have banked with natwest for most of my life (30 years) and I went to them to apply for a loan. Everything looked good to begin with and I passed all of their affordability checks and everything, but when it came down to it, the loan application was rejected. Pressumably due to bad credit rating as i have at times gone over credit or made late payments to my cards. It is very frustrating for me because I know that i can afford the monthly payments on a loan as they would be comfortably less than what I am paying now, i am trying to get my life back on track, and it is proving impossible. Is there anything I can do, or anybody I can contact to help get the loan approved? I don't mind shoeing that it is being used to consolidate debts, or showing that i will cancel my cards after paying off the credit. I just desperately need to move these credit card debts so I can see a light at the end of the tunnel. Please help? Thanks.

Hello, I am in the process of setting up DMP for my payday loans. I have had a reply from Text Loan advising I would owe £554 instead of the £350. What should I do? The email as follows: Dear Richard, Thank you for contacting us. If you require a repayment plan for a period of time exceeding the 60 days of our credit cycle, the full overdue balance to be repaid will be £554, which is fixed as after 60 days the interest and charges are frozen. We are prepared to accept £15.95 monthly payments. Please be so kind as to provide the exact dates we can debit your card, or set up a standing order. -- Kind regards, Adrian Young Client Account Manager Any ideas of what I should do? Should I just pay the £550? Or shall I contest the amount? thanks

Dear All, First, thanks you for sharing; there is a feeling of belonging here! I have read some threads but i have such a long way to go. Background: -I have >£11K debt (inclusive of about £2.5K Personal O/D, £2.5K Biz CC, £0.5K Personal CC, £3K+ uni 'debt', rent, Council Tax). -Not had much going on work-wise and self employed biz lately, so fallen behind on payments. -Making smaller payment to Council, and rent plan in place with landlord. -I am behind on 2 biz CC payments and O/D withdrawn after going over the limit a couple of times (now full payment demanded). -Uni 'debt' has an internal settlement arrangement but account passed on to DCA last year; guess they were done with my ' i am in financial difficulties' mantra! -About £12K in Assets. - Personal A/C is an Advantage Gold (which i have never benefited from but somehow thought it helped my O/D), and biz Current A/C is ok except for limited inflows. After a DIY Income and Expenditure Assessment, i 'see' there is no surplus to keep up CC minimum payments and pay off O/D until i can raise income; which i am hopeful will happen next year but have no proof i can offer creditors yet. Having read the CAG forums and elsewhere thus far, i thought a DIY DMP would do me good ; giving some control of how my debt affairs develop. I am just quite confused and overwhelmed where to start, especially with the bank CC and O/D monies. Queries: -Any chance the bank can consider freezing interests, charges and/or holding off repayments for a couple of months (with very small payments) when i have no surplus to even make the minimum payments? -Can i additionally explore possible PPI and other charge claims that could somewhat lower amounts (although i am not sure any were applied to the accounts and O/D)? -Is it possible to cancel the Advantage Gold service with ease in my circumstance, and anything i could claim back? - I have to ask DCA to return debt handling to the Uni (had made a tiny payment to get some peace from DCA but can't afford more for now). Is this possible? -If i made a SAR on the accounts and CC for details held, would they think i am starting to act 'funny'? -Bankruptcy possibilities, i am i worrying too early about that? Should i consider selling of my assets sooner than later? Am i actually going the right way with this? Quite confused to be honest. Thank you for reading, your comments are much appreciated. In2Debt

First of all hello, just recently found the forum. Oh, I have been so so silly. I bought a caravan on HP in 2008 over 60 months, last year I sold the caravan and didn't get enough for it to pay off all the loan. I know now that I shouldn't have done this, that I could have let them take it back as I'd paid half the loan. I feel so stupid, but I really didn't know this, and I didn't realise I couldn't sell it on either. I've made such a big mistake. I have never defaulted on the loan payments, I'm still just about managing to pay everything I owe (there are other debts too) but it's tough as I'm a single widowed mum with two kids and I"m a full time student, so just about manage to meet payments by using my student loan etc too. If anyone has any advice how best to manage this and get myself out of this pickle I'd appreciate it. I'm a bit scared now I know I could be prosecuted for selling the caravan with outstanding hp, I have no idea where it is now.

:???:hi i am new here and found this site via yahoo my problem is this i have accumulated debits over the past few years which now total in the region of £32k stupid i know but i thought that i could clear them by keeping up with payments an act which i now know was futile things came to a head last week when our mobile phones were switched off and i started to receive calls from the various card companies that i owe money to my debit is roughly made up of the following £ 8,000 credit card, £5,500 personal loan, £1,900 overdraft all with lloyds £4,800 mbna £3,500 tesco £4,000 egg £2,000 virgin £3,00 halifax up until this month i have not missed a payment on the personal loan (been running for 3 years with 2 left) and have made more than the minimum payements on the cards. but i now reliase my outgoings far outway my income and i am at my wits end whilst speaking to a call centre from lloyds last week they mentioned the credit consumer council and payplan and suggested i contacted them for assistance i tried both on line and they both appear to have advise a reduced payment plan and that i should open a new bank account and have my wages paid in i am in the process of doing this but have found it hard to find a bank not linked i applied to natwest and then found out they are linked to rbs i have now been accepted by the co op who appear to be linked to no one i have stopped my wages going in for next thurs but i am really scared about the backlash from lloyds i still have a mortage with them and intend on trying to pay it over the counter until my new account is up and runnning im i doing the right thing part of me feels it is dishonest and then the other part feels angry that they(lloyds) have allowed me to continue building up debit with them i have been a customer for over 20 years any advice would be most welcome and helpful Thanks Mark:???:

Just received a letter from them this morning which said application for ccj on the top of it. I wrote to them a couple of weeks ago stating i will pay them £40 per month as this is all i can afford and they havent even acknowledged a word i wrote . Looks like they are going for a ccj. My other payday loan with wonga is also not going anywhere. The recorded delivery letter i sent offering installments to the dca they have appointed was returned even though i double checked the address i sent it to. My DMP with cccs is due for a review, i know now that i shouldnt have taken these payday loans and want to ask cccs for their help but believe they will throw me off the dmp. Dont know what to do next! Any ideas?

I have just received a letter from FD totaling charges to be added on 10.10.06 of £110ish. This is because I went over my overdraft (£30 charge), they paid 3 bills while over my O/D limit (3 £25 charges = £75) and debit interest (£4). Now I know I went over my limit (struggling a bit at the moment) but it has lead me to believe it is excessive charging and thats why I've come here. I am now just completely fed up of them as its not the first time. I did phone them and ask them to consider the charges but they say 'terms and conditons blah blah blah. When I told them these charges would again take me over my limit they didn't really have an answer as to what I could do apart from speak to there 'credit department'. I have decided along with my wife (she has had same problems) to pursue the matter and start with the S.A.R. but can't seem to find who to send it to, as a lot of you have already done this could you please reasure me I'm doing the correct thing and also give the best name and address to send it to. Many thanks in advance. P.S. Thinking of doing Yorkshire Bank aswell, why do they all take from the poorer end of the scale