DLC threatening to cancel my repayment plan if I don't pay more

[sprouting]

I have been paying DLC about £40 a month for a 6k debt for 5 years now and haven't missed a payment.

 

I received a letter this morning saying that my current repayment plan has come to an end and needs to be revised.

 

They want me to call them (no fear) and no doubt they want me to pay them much more every month, which I don't want to.

 

They have said "failure to do so could result in the withdrawal of installment rights on the account".

 

As far as I'm concerned they should be grateful I'm paying them at all,

as I could have shirked the whole debt had I known then what I know now,

but I would just like to ask if anyone has any advice for me on this matter.

 

Surely they need to accept the payment amount I have been paying so far

- I never signed a repayment agreement or anything with them,

only a direct debit form,

and if they stop the repayments from me and demand the full amount I would like to know where I stand.

 

I am thinking that by law they are not allowed to reject the amount I have already been paying in order to ask for the full amount

(there's about 4.5k left to pay) which I certainly can't afford to pay in a lump sum. I expect this is an empty threat but you never know..

 

Thanks!

[Conniff]

Welcome sprouting - what is the debt for?

 

It's not a case of 'by law' if you haven't got it you can't pay it, simples (as the meerkat says).

 

Why aren't you paying the creditor direct, has the debt been bought ?

 

I am thinking that by law they are not allowed to reject the amount I have already been paying in order to ask for the full amount (there's about 4.5k left to pay) which I certainly can't afford to pay in a lump sum. I expect this is an empty threat but you never know..

 

Yes it will be an empty threat. My answer to it would be 'that is all I can afford so if you reject that, then thanks, I will go buy myself a new tv'.

 

Have you checked for refundable penalty charges and ppi ?

[citizenB]

Well no, they cant simple as that. You have entered into an agreement and have confirmed that you are unable to pay more.

 

Have a read of the following article so you are aware of your rights !!

 

http://www.consumeractiongroup.co.uk/forum/content.php?840-Stop-your-bank-or-lender-breaching-their-instalment-agreement

[sprouting]

Thanks for your reply.

 

Actually they bought the debt 5 years ago but couldn't pin me down for another 2 years or so...

 

it was from Egg but I no longer have any paperwork from the original account and did wonder about PPI and charges etc,

but I didn't really know how to go about it (didn't want to open a can of worms) but i might see if I can track it down and find out.

 

I'll draft up a letter now saying take it or leave it then.

 

Thanks very much for your help!

[citizenB]

You should be able to obtain the information you require by way of a Subject Access Request to the original Creditor..