Payplan asking for bank statements and pay slips

[tabac]

Hi,

 

 

I've been with Payplan for a number of years now, and

 

 

suddently I get a letter telling me my yearly review is close, and

 

 

they have asked me to provide payslips and bank statements, and have given me an envelope to use.

 

Usually I update them with a list of income and outgoings.

 

 

Why are they suddenly asking me for this?

 

 

Are they trying to flog insurance?

 

I pay around £150 a month and never missed a payment.

[dx100uk]

strange I agree unless your creditors are asking?

 

 

you have checked all your debts are enforceable?

 

 

dx

[tabac]

strange I agree unless your creditors are asking?

 

 

you have checked all your debts are enforceable?

 

 

dx

 

Sorry, how do I check that the debts are enforcable? Thanks. and no, I'm pretty sure that they are not asking, its been too long and I do not have any letters from them.

[tabac]

Thanks dx100uk

Just looked at the letter again this morning, and they mention Equity Release, with Age Partnership. There is no way I would get involved with all of that. So not only are they trying to flog insurance they are also now trying to get commission on getting people to sign their homes away.

[dx100uk]

urm .. dodgy .

 

 

can you list you debts please?

 

 

when you took then out

how much owing

what type of debt

who you pay now

 

 

dx

 

 

hvae you ever

[tabac]

Some debts go back around 15 years, no recent ones, certainly not in the last 9 years. Most of them are like Egg, Barclays, LLoyds etc. Around 14k still owing. I pay Payplan and they distribute, around 3 have been sold on.

[dx100uk]

CCA requests to the lot of 'em.

 

 

but not bank accounts or mobile debts

 

 

dx

[tabac]

what are CCA requests?

[dx100uk]

CCA request

 

 

dx

[SabreSheep]

Barclays and egg? Credit cards?

 

I would also be doing a full Subject Access Request on those and looking for PPI and penalty charges (IF they are credit cards) as those can be claimed back PLUS interest in restitution.

[citizenB]

Apparently the section below from the Financial Conduct Authority Handbook covers this.

 

CONC 8.8 covers this

 

So the answer to the OP's original question is, yes, they are likely to request this.