Hi All

I would be grateful for any help received.

I have been paying a debt management plan to pay plan since 2008.

I am going to be made redundant at the end of the month and was thinking of possibly trying to make full and final settlements to finally get out of debt.

After looking at some threads on this forum I thought I would see if this is the best route

or should I look into a debt relief order or just continue in my debt management plan.

Here are a list of debts below

Barclays Bank £1,781.46 Credit Card

Cabot Financial £163.91 Next Store Card

Cabot Financial £359.15 Store Card

Cabot Financial £588.19 Bank Overdraft

Hoist Finance £248.14 Store Card

Hoist Finance £1,160.59 Credit Card

JD Williams £654.43 Fashion World Catalogue

Moor croft £533.31 Additions Catalogue

Moor croft £2,449.34 Halifax Loan

Moor croft £572.96 Credit Card

NCO Europe £1,710.74 Little woods Catalogue

PRA Group £1,940.82 MBNA Credit card

Paragon £1,246.38 Virgin Credit Card

Paragon £418.93 DFS Sofa

Santander Cards £1,034.55 Credit Card

Total £14,862.00

Ive checked my credit rating online with noodle

Paragon Virgin Credit card not default that I can see

Pra Group Mbna Credit Card defaulted 30/11/15

Barclaycard defaulted 15/06/17

Arrow Global Additions Catalogue defaulted 01/04/14

JD Williams not defaulted that I can see

Shop Direct Finance - Littlewoods not defaulted that I can see

The rest don't seem to be showing on my file anywhere.

Thanks in advance for any responses

Hello and welcome to CAG. The forum regulars should be along over the course of the day with advice for you, please bear with us until they're able to get here.

Best, HB

well 1st port of call is to stop paying the fleecing DMC to manage your debts

who is it?

90% of your debt are with powerless dca's.

I take you were told simply to blindly pay the DMC best mates - the DCa's?

Hi thanks so much for your reply.

I am currently with payplan.

When I started the plan I was advised to do an IVA

I was a bit scared of this so went down the debt management route.

I should stop all payments?

I am worried about CCJ's as my partner got a claim just before Christmas for an old debt he had not paid since 2015.

We panicked and paid it in full to prevent a CCJ.

you should have come here re the CCJ.

ok good to see its a free plan.

bar the bank OD

id send every one you pay a CCA request.

they have 12+2 days

you will find 90% wont comply

that's when we'll stop overall payment to PP

good you didn't go don't the IVA too.

well done

have a read of a few threads here

https://www.consumeractiongroup.co.uk/forum/forumdisplay.php?417-Debt-Management-Plan-Companies

you'll soon get the idea

Thanks so much for your reply!

I wish I had asked about this years ago rather than blindly paying for years!

I have just typed up the CCA Letters to everyone bar my overdraft and about to go and get the postal orders done.

I just now wait to see if the debts are enforceable or not?

they have 12+2 working days

tick off those that don't make it

when you get to about 1/3rd of those you pay PP for already

phone up PP and cancel the DMP with them.

Ok thanks,

I have already contacted Payplan last week about my pending redundancy and I am awaiting a call back,

I was planning to pay token payments until I find employment again will that still be ok?

My payment is due on the 28th January.

Also I've seen mentioned on the other threads you linked me to for sending a SAR in too,

is that something that is worthwhile?

well poss only for the bank OD.

not worth it to payplan unless you were being charged their payment protection thing?

Hi Thanks again for your help so far!

I don't have the payment protection thing so I won't make any payments for now.

Ive had a couple of responses today,

PRA Group have said they have requested the required information from the original creditor so its on hold for the time being.

Ive had two responses from Paragon saying that my address details do not match

and to confirm this is now my address by sending a copy of a utility bill,

is this ok to send to them?

what you sent paragron 2*CCA requests?

Yes as I had a credit card and a hire purchase that had been passed on to them, should I have just sent one? Am I ok to send them a utility bill?

cant see what paragon are upto TBH..

I will send them a copy of a bill and see what they come back with then

cant see why

have you moved then since taking these two thinks out?

Yes I have changed address and they probably still have my old one

not had comms from idem dca about these have you?

were you updating PP with new addresses?

Hi yes the letter has come back from idem, I was still getting post from my old address so no I hadn’t updated them with my new address. Something I now realise after reading some threads I should have done

tough send them back again to IDEM

then unless they coughup in 12+2 working days stop payments

ignore them.

TBH if paragon bought them they are both well lemon debts and you've been cash cowed blind

Just popping back with an update.

Ive had some responses,

Barclaycard - unenforceable,

Cabot/Moorcroft, JD Williams have not responded,

most of the rest say they are looking for the paperwork.

Paragon/IDEM have sent me the copy of the agreement I signed with them for my sofas and a copy of my ID.

They also included the payments I have made but missed a whole year off.

Where do I go from here,

do I sent letters to the ones that have not responded and not pay them for now?

JD Williams are chasing me by telephone and letter but not responded at all to my request.

Shall I set up a plan myself with Idem for the sofas that they have the agreement for?

Also where do I go now with my overdraft its with Cabot, shall I set up a plan with them?

Thanks in advance for help

Just popping back with an update.

 

Ive had some responses,

Barclaycard - unenforceable, stop paying

Cabot/Moorcroft, JD Williams have not responded, stop paying

 

most of the rest say they are looking for the paperwork. stop paying they exceeded the 12+2 working day time limit I the act

 

Paragon/IDEM have sent me the copy of the agreement I signed with them for my sofas and a copy of my ID.

They also included the payments I have made but missed a whole year off. start a new thread for this debt

 

Where do I go from here,

do I sent letters to the ones that have not responded and not pay them for now?-no letters stop paying

 

JD Williams are chasing me by telephone and letter but not responded at all to my request. - ignore them

 

Shall I set up a plan myself with Idem for the sofas that they have the agreement for? as above reply

 

Also where do I go now with my overdraft its with Cabot, shall I set up a plan with them?

Thanks in advance for help

i'd start a new thread for the cabot OD too

Hi im just popping back with an update, I still have not had responses for the majority of my creditors.

I have stopped paying them.

I have had two responses from Cabot and Home Shopping Direct with reconstituted copies of my credit agreement and state this makes it enforceable is this correct?

start a new thread for each and scan up the CCa return to one multipage PDF in each

read upload