Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
I have an overdraft on my cahoot current account. I have been paying this off as part of my debt management plan. For the first 16/17 months cahoot continued to charge interest on the overdraft. I could even use my debit card, which unfortunately, I was forced to do. In December last year they halted interest and I can now no longer use my debit card. Since then they have been registering late payments with credit reference agencies. I have repaid the money which I had withdrawn whilst on the dmp, taking the repayment schedule back in line, but they have since entered another late payment marker.
Now my understanding of the ICOs technical guidance is that when I first entered the DMP, if the repayment amounts and schedule were unsatisfactory, then cahoot should've defaulted the account immediately. cahoot have not said they are unhappy with the monthly repayment amount. I have received no demands to repay the overdraft in full.
It seems apparent that cahoot are determined to default the account. If they do, then my credit file will be set back three years, the last default registered in 2006. I am desperate to avoid this, and hopefully should have the cash to pay it all off at the end of July.
Can anyone give me some advice?
Edit: Oops! Forgot I already have a thread on it, link below.
Overdraft on credit file
on my cahoot current account. I have been paying this off as part of my debt management
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