hi token offer payments:dmp advice?

[emmauk2006]

hi just wondering,
if you have written to credit card companies/loan companies offering token payments and asked for a letter of response, do you need to return there phone calls? they are calling 4/6 times a day and i just dont want to get into a discussion on the phone about it. can they do anything if you have refused there phonecalls? one is a marbles credit card and the other is cahoot loan. i have written to both with budget sheet and token monthly offers until circumstances improve. any advice would be great
thanks
emma

[ian cognito]

I tried this a few years ago, can't say it was overly successful but I did get some positive response.

Write to them ainstructing them not to phone you anymore as you are only willing to deal with them be letter.

[iwannabedebtfree]

HI

i was in a similar situation, and did get my offers accepted. I told them i would only deal with them in writing, that i had made an offer, it was in their hands, and i would not accept anything verbally, only in writing.

I also withdrew consent to speak to them over the telephone and advised in writing i would only deal with them through written communication. The usual comments about protection from harassment act, admin. of Justice act also informed them that i knew what i was talking about. I have the odd company that insists on telephoning me, but they get referred to the letters i have written to them.

Obviously you will have sought some professional advice before submitting the token requests. Did you request tha the offer is time-limited with a partial write off of the remaining debt? If it is that there is no equity and no feasible financial resources in the future to pay the debt i would offer the token amount for a set number of years and ask for a partial write off, or a total write off based on the token amount.

If they decline the amount what can they do? take legal action should they so wish, but it is up to a judge then to decide the amount based on your income / expenditure when you submit your defence.

Hope it works out for you, but i would stop answering your telephone, or if you have no choice but to answer the telephone refer them back to your letters and refuse to discuss until you receive a response in writing.

Adi Nicol

[emmauk2006]

thanks i appreciate the advice X

[trumpetmaest]

I had same problem. I found the nationaldebtline website very helpful and I used their templates to send out letters.

[jacky21130]

hiya, did you find they accepted your offers? i have sent a couple of letters now so wating for response from them. the offers are in a region of £40 (for payments which should be about £90, so im not only offering £1, like some people have too. I'm hoping they will be helpful. Did they freeze interst and charges for you? that would be such a help if they do that for me. really get the debts down so much more quickly.
emma

[Flagg913]

I am just in talks with Hfc Bank for two of my accounts, a marbles credit card and a Beneficial Finance loan, I sent them a Financial Statement out with a covering letter, I had no reply and they phoned me asking what i was doing about the account.

They said that they needed more evidence and sent me one of their own financial statements to fill in,but the one thing they did stress is that before they could accept any arrangment they needed proof of my income.

They also said that accepting arragments would take around 65days.

Hope this helps.

[trumpetmaest]

Hi,

I had the same problems. Always phoning me up.

I took advice from National Debtline and wrote to them "Telling them I was gonig to make token payments" and did so.

Everytime someone phones use the 'broken record technique' "I do not discuss my financial matters over the phone." keep saying this to them to whatever they say.

In my case I went to CCCS and they are administering my DMP. This has worked well apart from GE Money who sold my debt to Asset Link.

However, now I have found this forum I am a lot more confident about dealing with these people in court as they request.

[callumsgran]

However, now I have found this forum I am a lot more confident about dealing with these people in court as they request.




Thats what we're here for hun, good luck to you in your quests