dmp some advice please

[Gabi18]

Hello everyone,

i left my dm company last month because of the charges. and also i wasn't happy with their service too.I've been with them since Dec 2010 and till now only one creditor agreed to payment plan. So I thought I could do this on my own and save money on charges.

i've already sent out letters to my creditors saying that i will be doing dmp on my own, also attached I&E form, and an offer of payment.

I've got 6 payday loans, 1 overdraft, 2 credit cards, 1 Littlewoods account - in total circa £6500.

1.TXT Loan (files with Fredrickson) - £100 taken

2.Lending Stream - £350 taken

3.Toothfairy (files with NDR,MHBailiffs - so confusing!!!) - £300 taken

4.Quick Quid (files with Gothia and Red Castle Recoveries) - £200

5. Cash Genie (files with Carter Forbes) - £150

6. Wonga (due to 15th July but i will default) - £450

7.Money Shop - £350

8.Littlewoods - it was circa £700

9.Oakam (loan, files with Wescot) - £1090

10.Capital One (credit card) - circa £230

11.Lloyds overdraft - £1050 (but most built up from charges for unplanned overdraft)

12. Lloyds credit card - £630 (circa £120 built up from charges.

Since January 2011 my creditors have been paying through my dmp with that company I had the contract.So some money I've already paid towards my debts.

PDL companies already have passed my files to DCA.

I've been reading a lot of information here and now I'm just thinking if I've done the correct step.

I don't know the outstanding balances for my debts so I've made an offer based on my I&E form and on that what I can afford at the moment.

Is it too late (after I sent out those letters with offer) to request cca from my creditors?

I haven't received any response from them yet.

Is it true that with PDL you owe them only money you took plus 1 month interest? what is 1 month interest and how to calculate it?

Also I wasn't given by my debt management company "paying in details" for all of my creditors.i was refused to have them and was told i will have to get them from my creditors.

Any advice please on what I shall do next?

Thank you.

Gabi18

[Gabi18]

Could somebody please advice?

Thank you:)

[brokebutnotbeatn]

Look in the library (link in the banner) as you will find the letters you need there. Create an excel table using the amount you believe is owed. Calculate your I&E and what is genuinely affordable. Split this with your creditors in proportion so they all get the same amount based on what percentage of the debt they account for. Offer this. You do not have to send your I&E info to your creditors but some people think it helps - only a judge can ask to see your I&E etc. You should also write requesting interest be frozen (there are letters in the library). You should ask for SO details and pay the amounts offered irrespective of refusals and ensuing letter ping pong. Sent postal orders. NEVER set up a DD - only a SO. Do not call your creditors - it all needs to be done in writing. Seoarately you can CCA your creditors and also SAR them to see if there are any unlawful charges you can reclaim. But try to do this separately as you need to keep things simple and compartmentalised for their tiny brains...