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DMP is it time to ask for some help


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Hi guys,

 

I have been trying to sort my debt out myself. Currently at £16,500.00 made up from two loans, three credit cards and three cats and 1 store card.

 

I have sent SAR requests to all, currently about to send lba to a few as I am that far down the route. Have wrote to my Barclays loan explaining my current situation and included a I&E asking them for reduced payments for a few months.

 

My problem is that although I have the fighting spirit, it is starting to get me down. Mercers have started ringing and the lady on that end managed to get my into a fight as I am stressed at the moment. I have found I am not sleeping so well.

 

Do you think its time to call in CCCS or CAB and if so who do you recommend?

 

Many thanks

:|

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Hi there, hope you're feeling OK!

 

Have you had a read through my debt blog? If not you can find out about your options by doing so. The golden rule is to only ever communicate via letter, avoid the 'phone calls. You can either do your own DMP or use a free service. If you decide to 'go it alone' you'll get plenty of support from us lot!

 

Let me know what you make of my blog!

 

best wishes,

 

Seq/

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Thank you very much.

 

I am feeling ok, just a little stressed .

 

I have been using your site with regard to claiming back charges and you guys have been fantastic. I will have a read through your blog.

 

I have told Mercers that I only wish to communicate through writing and have wrote to Barclays and have the letter saying that they will remove my number off their system but they have started ringing again!

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Well, I hope we can make you feel less stressed. I'm sure you may already know that Mercers ARE Barclays. Same people. Same office.

 

DMP's are very good, and I'm glad you're aware of the firms that provide them for free.

 

Keep us updated!

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That I can appreciate. Let me know what you make of the blog, I would REALLY appreciate it!

 

 

I will just chip in here and say that i have read your blog and found it a godsend. Really really helpful. I have yet to make a decision on how to handle my debts as i am worried about getting another mortgage deal next year and am just limping on but your blog really is the place to start.

 

Oh, and good luck to the Op on their journey :-D

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I will just chip in here and say that i have read your blog and found it a godsend. Really really helpful. I have yet to make a decision on how to handle my debts as i am worried about getting another mortgage deal next year and am just limping on but your blog really is the place to start.

 

That's really good to hear, it's still work in progress. As far as mortgages are concerned I'm sure your current lender will remortgage you without too much of an issue. I appreciate the difficulties in moving elsewhere with bad credit :(

 

Welcome to the forum by the way!

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Haven't had a chance to read your blog, but will be reading it tonight as I have my serious head on today instead of my feeling sorry for myself head. Plab to sit down with a coffee and read through it.

 

I'm stuck with my mortgage lender anyway as I have a Northern Rock together mortgage boo

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Haven't had a chance to read your blog, but will be reading it tonight as I have my serious head on today instead of my feeling sorry for myself head. Plab to sit down with a coffee and read through it.

 

I'm stuck with my mortgage lender anyway as I have a Northern Rock together mortgage boo

 

Remember that the unsecured part of the together mortgage is unsecured, and thus a non-priority and thus goes into a DMP (or whatever arrangement you choose) too

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I thought that would have effected my mortgage.

 

When we weren't working we missed a few months payments and then rang us up and said unless we paid that part of the mortgage they would make it a secured loan. We struggled every month to find that payment even though we were on job seekers allowance. This is part of the reason why were are iin so much debt. Gas and elc bills, unsecured part of my mortgage they all went on credit cards as we were just trying to keep a roof over our heads.

 

I wish I knew then what I know now!

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I thought that would have effected my mortgage.

 

Historically Northern Rock were qutie precious over the unsecured element of the together mortgage, we lobbied them and lobbied them until they agreed that the unsecured element had no bearing on the secured part. This means that your mortgage is fine so long as you keep up with the instalment.

 

I actually have a letter in my possession from them stating that so long as you follow the correct process (e.g. pro-rata offers/DMP etc) they will not take further action on a together unsecured element. This policy has changed, they used to be quite hard to deal with. They are now one of the best!

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Definitely will. Can I still claim back charges on Credit and store cards under a DMP?l

 

Yeah. You sure can. You are supposed to use any reclaimation money to reduce your overall debt. If a creditor tries to simply refund this money against their own agreement you should argue and state that you would prefer to pro-rata the lump-sum against all of your debts.

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All forms filled out online with CCCS. Just waiting for paperwork to come through post now. Will still be on here though as you guys have kept me sane and besides still going after the sharks for my charges back! Am going to challange Barclays over my reserve fees next...........I feel now that as I will hopefully be able to fend of the letters and telephone calls with my DMP I will have more fight to go after them for MY money :madgrin:

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  • 1 month later...

Takes some setting up a DMP! Spoke to them a few times on the phone and I must say very helpful. They talking me though Court Papers recieved from a Argos card and told me what to offer. Might be able to sleep again now thats in the post!

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