Thread: Hardship and bank charges

Hello

I am currently on a dmp- would this qualify me for hardship and could I begin claiming charges- I saw something on GMTV this morning but am stilunsure of I qualify


Thanks

Originally Posted by mcarreno

Hello

I am currently on a dmp- would this qualify me for hardship and could I begin claiming charges- I saw something on GMTV this morning but am stilunsure of I qualify


Thanks

Martin Lewis was on GMTV this morning. There is nothing to stop you from claiming financial hardship however, as you are in a dmp then it can go against you unless there are priority debt arrears that are not covered and that are threatening you with court action.

Sorry to be thick but am I missing something here?

I would have thought the fact that the OP is in a dmp demonstrates that the OP is suffering hardship.

Just been looking round and this is one persons view. A dmp will sometimes show you have your finances under control and unless you have mortgage/rent/council tax/utility arrears or court claims etc against you from anyone not accepting the dmp then it would be doubtful you would be receive any interim payment on hardship grounds. Just one persons view.Allways worth trying.

But surely the dmp is to manage the unsecured/non-priority debts, whereas it will include paying the arrears at an agreed rate on the secure/priority debts, ergo proving financial hardship.
If you didn't have secure/priority debt arrears, you'd only have arrears on unsecure/non-priority debts, ergo not have a requirement to be in a dmp.

Freaky, I think tawny has hit the nail on the head. On the forums, I have seen 1 single payout with someone on a dmp(not saying that banks don't payout but its a rarity). Banks' are looking at priority debts arrears for financial hardship and so non priority debts are not going to get your basic needs removed, ie water, electricity, gas, liberty, house.
A dmp furthermore shows that an arrangement is in place and therefore that creditors are not taking the person to court on debt. They're not my rules but I do understand them but some banks' are taking it to the extreme imho doing as little as possible unless forced to do so.

Originally Posted by craigers

The fos are dealing with a claim for me at the moment. I wasn't playing the hardship card, but they are treating it as a hardship case because I mentioned in my complaint that I'm on a dmp.

Now that makes complete sense to me. If you were not suffering financial hardship then yu would not be on a dmp. Just my thinking anyway.