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Debt Management Programme - Interest Freezing


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Hi all

 

My partner has a Debt Management Programme through a company which has managed to freeze the interest on his accounts.

 

Does anyone know how these companies negotiate the freezing of interest? Is there some legislation that they quote? I would like to help my partner manage his debt, without having to pay another company £35 a month!

 

Many thanks,

Jen

Unfair penalty charges reclaimed from Barclays - £700; BarclayCard - £380 + £132 extra; Style (RBOS) - £245 - County Court Judgement

against RBOS awarded - Judgement transferred to Registers of Scotland - Sheriff Officer (Bailiffs) action taken.

Travel insurance claim with Alpha (URV) pursued through the Financial Ombudsman - £704

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Hi

 

There are free DMP companies out there if your partner is currently having to pay a fee - such as Payplan and CCCS. The companies usually liase with the creditors to get the interest frozen, I am unsure about leglisation sorry x

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there is not any.

simply ask for it to be done a a gesture of goodwill else the debt will never be cleared on reduced payments.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Thank you both very much for your help :)

Unfair penalty charges reclaimed from Barclays - £700; BarclayCard - £380 + £132 extra; Style (RBOS) - £245 - County Court Judgement

against RBOS awarded - Judgement transferred to Registers of Scotland - Sheriff Officer (Bailiffs) action taken.

Travel insurance claim with Alpha (URV) pursued through the Financial Ombudsman - £704

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Share on other sites

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