Leaving DMP to continue on own

[summer30]

Just want to clarify a few things for a family member. They have been with CCCS for about 3 years now all creditors accepting the payments and interest frozen

 

They now need to go it alone and leave cccs because an overdraft was taken out on the joint account and they will no longer administrate the dmp unless said family member closes all accounts with this bank which includes their mortgage etc obviously this cant happen.

 

 

Anyway, they are panicking quite understandably, but I have said get all the details from the creditors and offer to continue to make the same payments that were on the dmp plan and see what happens.

 

Now my only worry for this is they have a house with a mortgage, on the upside they retire this year and will be able to pay off all debts then so I'm hoping if any creditor gets funny they can use this to help get it sorted. Is there anything Im missing? or should be doing?

 

Any advice welcome

[citizenB]

There is no reason why your family member cant go it alone. They would still be paying the same amounts as with CCCS.

 

I think it is a bit strange that CCCS are insisting that they close their mortgage account !!

 

If you want to know more about Debt management, have a look at Sequenci's Debt blogs the link is in my signature

 

HTH

[Crocdoc]

I agree that there is no reason whatosever why the can't go it alone without the third party, however once your friends retire and are in a position to pay off the debts, I would be very tempted to offer them greatly reduced final settlements.

 

It is highly unlikely that court action will be raised in the interm period as payments are being made.

[sequenci]

unless said family member closes all accounts with this bank which includes their mortgage etc obviously this cant happen.

 

 

The CCCS have made a mistake there, the mortage is its own seperate entity and has no bearing on the other accounts. They should have never said that the mortgage account needs to be closed too!

 

Having said, we can certainly help and support with self-negotiations

[Tingy]

Agree with Seq there. I can also see no reason why the creditors would not agree to continuing the same repayments as they have been getting under CCCS. They may need to provide another IE sheet.

[baz1986]

When i left the cccs to do my own DMP i never told anyone that i left them i just have standing orders to each creditor and they havent said a word about it and still most intrest frozen. Whatever you decide to do i would defientely think of doing your own dmp as a positive rather than a negative!

[baz1986]

Sorry the other thing i was going to say is that i am sure their is a cccs rep on this site and maybe he could look into this matter for you to make sure the information you had from the cccs agent was correct Not sure where you will find him though sorry.

[summer30]

thanks all for the replies, Will forward the advice

 

Crocdoc, I did advise offering lower final amounts because also most debts have been sold now anyway to DCA's so deffinately will be looking at that.

 

Baz1986 I did wonder if it would be an idea to just continue the payments, for instance APEX have just given the details to them of how to pay, no mention of cccs even though they are the ones who have been administering the payments so shall try that first.

The only issue he has is that as the debts are sold now he doesnt have their bankers details to start making immediate payments so will have to get the details.

 

Citizen B will have a nose at the blog thanks

 

 

Thanks again for the help everyone

[Tingy]

It makes absolute sense for you to do as Baz did and just continue as though you were still with CCCS. I don't think you have any obligation to tell them you're now managing it yourself, though obviously you need to tell CCCS. It will inevitably gradually come to light with the passage of time, but tis should not affect the repayments.

[baz1986]

Yeah i pay my original creditors at the moment and was easy to get there details as they put them on statements etc to set up standard orders, But i do believe that by a lot of searching and when contacting the people it has been sold to asking for details without giving your personal details could be worth a go!! And yes your right even knowing the cccs is payed for my the creditors in theory they have no obligationa or right to tell them they have stopped using the cccs!!

 

I would say to ensure you keep to the payments agreed other wise suspision starts to arise and if they were to find out in future the proof will be that you have payed every month and what diff does it make whether the cccs pay or you pay? your still in financial hardship either way!!

 

Baz