What's the point?

[craigers]

2004/2005 I got myself into financial trouble. I entered a DMP and started to tackle my debts. I ended up with 7 or 8 defaults on my credit files. Present day situation following a 4 year battle- I have one default, which will no longer show in November 2012. I'm fighting this one still but don't expect the DCA to give in- they haven't done over the past year or so.

 

I'm also waiting on a PPI refund. I had to go to the FOS to be successful in my claim. The FOS wrote to me to say that I would have to wait up to eight weeks for my card provider to write with their offer. 7 weeks have passed.

 

Due to the defaults on my files, the only credit I could obtain was a high interest card, 49.9% apr. Unfortunately, I rely on credit in emergencies, and for the past 18 months the card has been maxed out because we were forced to move house three times in 4 months. Some months I can only manage minimum payments, others I make double the minimum payment, sometimes I can't afford the payment.

 

We have arrears with our electricity provider and huge council tax arrears.

 

Now the government wants to increase my pension contributions, cap my wage rise (its frozen at the moment), and generally prices of everything are rocketing.

 

I was on a high getting down to one default but these stubborn buggers are ruining my life, my family's life, and I fear I'm entering another 6 years as an affordable credit pariah thanks largely to this one DCA. Every day is a headache (literally) and it is impacting on my relationship with my partner and my step-son. There are times the car runs on fumes and I don't know whether I have enough fuel to get to work, or home from work.

 

I would love to study again to really boost my career, but that takes money, lots of it.

 

What's the point of getting out of bed in the morning? Can we the masses ever win over immoral big business? Here was me thinking slavery was abolished.

[BankFodder]

yes, it is very bad – and I'm afraid it will get worse.

 

The only thing I can suggest is to use your anger as energy to fight them. It is personally fairly damaging stuff but otherwise you'll be beaten into submission and then you won't get out of bed.

 

Which company is it which now owes you the PPI?

[craigers]

Egg. The FOS say Egg will refund using the FOS guidelines for PPI refunds.

 

Incidentally, this final default on my file is being removed. I complained to both the OC and the DCA about the default. The OC originally sent a letter saying it was accurate. I haven't heard from the DCA yet. I've just received a letter from the OC stating they will re-take control of the credit file entries and backdate the default date to what it should've been, if they had followed the ICOs technical guidance.

[craigers]

Egg. The FOS say Egg will refund using the FOS guidelines for PPI refunds.

 

Incidentally, this final default on my file is being removed. I complained to both the OC and the DCA about the default. The OC originally sent a letter saying it was accurate. I haven't heard from the DCA yet. I've just received a letter from the OC stating they will re-take control of the credit file entries and backdate the default date to what it should've been, if they had followed the ICOs technical guidance.

[brokebutnotbeatn]

craigers - well done! Channel this into fighting the buggers; that ppi will help I'm sure