been making payments to PayPlan for 9 years

[numpy]

I have been on a dmp with payplan for about 9 years and still using an old address it is close by and still receive post from there.

 

 

recently I got my credit file at my present address (over 6 years ) there is no defaults or creditors or previous addresses showing

 

 

now payplan want bank statements and payslips it will how our present address.

 

 

so if we stopped paying how easy would it be for our creditors to find us ?

[Lucky7even]

Why have you failed to inform them you have moved?

 

They can easily trace your new address through many ways!!

[SabreSheep]

Easy

 

Maybe this is not the approach to make. If the creditors do not have your current address and have no contact after stopping payment then I would imagine that they might chance their luck at issuing court claims in the hope of default judgement (If you stop paying)

 

A Better strategy would be to list the debts here.

 

Name of Original Creditor

Type of Debt, eg credit card, overdraft, secured loan, unsecure dloan, catalgoue, payday loan etc

Who OWNS the debt now

When agreement was made.

Roughly how much the balance is.

THEN

 

Submit a CCA request to all non overdraft (and phone) debts

 

Remember, if one of them secures a CCJ by default, paperwork going to a wrong address as you failed ot update it with your creditors will not be enough to get a set aside on its own.

 

Review the responses

[citizenB]

You say you have been making payments to PayPlan for 9 years ? That seems to be an awfully long time.

 

Do you know if your creditors ceased adding interest and charges ?

Do you know if there was any Payment Protection Insurance on the debts ?

 

I suggest you do as Sabresheep suggests and let us know what type of debt and how many you have with PayPlan so we can advise further.

[dx100uk]

blindly paying into any DMP for over 6yrs is a bad idea

 

 

none of them ever do any checks with regard to legality of those that want money out of you.

 

 

I'd suspect that most were defaulted more than 6yrs ago so have 'dropped off' your credit file

when the default reached its 6th birthday.

 

 

fine toothed comb time here

 

 

get your debts listed ASAP.

 

 

have you ever gotten your Cra file before?

 

 

it puzzles me your old addresses is not showing too

 

 

dx

[renegadeimp]

Wouldn't be surprised if the debts are being passed around various DCA's, and each are adding their own random amounts to the debts.