Newbie looking for as much advice as possible!

[Mobytanner]

Hi

 

New to the site.

 

Have considerable debt over 6 creditors - been paying by own DMP for 4 years but finding it harder and harder to continue - what are chances of reducing/writing off debt? Been advised to CCA them all and if they dont reply etc then stop paying - worried about CCJ's - Incasso already threatening me they will do this if I dont increase payments by £70 a month - NO way can I afford that.

 

Any links/idea/letters would be greatly received.

 

Have PPI on one Egg Loan - I think I agreed to that at time I applied on line but surely if I am in default I should still have to pay that back.

 

Tesco Loan wants me to pay back the loan plus interest - can I get them to consider paying back just the loan figure? If so it would drop debt by £5k

 

Help and thanks

 

[victoria_siempre]

Hi

 

I'm also new but learning. Someone will provide more experienced advice.

 

You need to provide more (non-personal) info.

 

 

• What debts e.g. cc, loans , overdraft & who with and when taken out
  

 

• who is DMP with.
  
• which have agreed to freeze interest/charges
  

Then CCA all that can be.

 

Sub-divide debts into those that re legally enforceable and those that are not.

 

Challenge (and stop paying) those that are not.

 

Devise a strategy for those that are; remember that you can't pay what you don't have and no court would order you to.

 

Chin up - there is a lot of support here!

 

vic

[Mobytanner]

Here is some further info

 

I have the following Loans/Credit card debts - I wrote to them all back in 2006 and they all agreed my Budget plan except Tesco after a while decided to pass to Triton who decided they wanted more and passed to Incasso - I have CCA them. All my interest on Credit cards frozen but with the loans I think I am paying back the whole debt including Interest (Egg Loan/Tesco Loan both include PPI) Natwest overdraft I just pay interest - I would lose my joint account and mortgage all with NW if I go down the full cant pay route - this is manageable (just)

 

Egg Loan taken out 2005

Egg Credit card - Taken out 2002 - now with Apex Credit management

Natwest Credit Card probably started 2001/02

Co Op credit Card - 1997

Tesco Loan - Now with Incasso 2003

Natwest Overdraft - not such an issue probably since 2000

I basically pay pro rata on the debt at approx 1% of the o/s balance each month. It is over £40k at present (not much more).

 

I last night found my copy of the Tesco CCA form which details loan/ppi/interest - what should I be looking for on here?? What do I do if Incasso supply a copy from Tesco - I came home last night to a letter from them advising they still do not accept my offer but have requested this from Tesco.

 

Help and Thanks!

 

[victoria_siempre]

Hi Newbie

 

You need to approach this in logical stages.

 

 

1. Scan the CCA documents, remove personal info such as name, address, reference numbers and barcodes using microsoft paint then upload the scan to this thread.
   

 

Those who are knowledgable about CCA's can give you an opinion.

 

Can anyone else help with advice please?

 

vic

[dx100uk]

as you get the cca's back

 

start a new thread in the named forum for that bank

 

and post up the cca

 

scan your agreement

remove all pers info inc barcodes etc but leave all figures and dates.

goto one one of the many free online pdf converter websites

convert the image to pdf format.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

browse to your pdf file and upload it

hit close this windows at the bottom below upload it box

 

as for the PPI

its all reclaimable , as are any unlawful charges like over-limit, late payment etc etc.

 

start a thread in the PPI forum, post the agreement and look at the stickys on the homepage.

 

dx

[loobyloo85]

Have you considered doing a DMP through a company rather than on your own? You may find it more successful, and it would relieve a lot of pressure from you

[Mobytanner]

Thanks for the advise, I will deffo do that with the CCA's

 

Any advise on which DMP companies are the best to approach, what are the benefits? I do tend to have to write to all 6 creditors every 6 months although Co Op agreed 12 months.

[dx100uk]

cccs or payplan

 

both are charities and both are free

dx

[Mobytanner]

Here is a copy of my CCA agreement that I found in my draw and which I have requested a copy from Tesco for. Can someone have a look at it and see what they think, is it enforceable? I have deleted all figures etc but supply those if needed.

 

It dates from 2003 if that helps, although it has no date on the actual document.

 

Any other info needed please ask me.

 

Many thanks

 

MobyT

Tesco CCA.pdf