DMP to Full and Final - Help needed

[FosterFam]

Hi all,

 

I really need some in help in how to tackle some old debts pre 2006 that have have been paying on a DMP with Payplan since then. I need to improve my credit file as we want to move house next year.

 

This year the plan was to slowly offer full and final settlements and get them all cleared one by one as we can.

 

I hadn't checked my credit file for ages but was surprised that my score was actually good probably because the debts are so old. But there are some that are still updating my file and i have two defaults and 2 showing payments were late but settled.

 

The debts are as follows:

 

Barclays Partner Finance (ex lewis group) not showing on file.

 

Cabot Financial x 2 ex barclaycard on file but showing as satisfactory

however the old barclaycard accounts are the ones showing settled but 6 months late payments.

 

Capital One Default on file sept 08 I suspect this default will disappear this year ?

 

HBOS overdraft not on file.

 

Link Financial (Thesis Servicing) ex student loans not on file.

 

Student Loans Co not on file.

 

London Scottish Finance Ltd showing as Hoist Portfolio Holding 2 Ltd

ex Cahoot Card default on file June 08.

 

Tesco Bank which is the biggest debt who I pay directly on an agreed amount per month.

 

I need some advise on how to go about it and what sort of settlements I would need to offer which companies.

 

Is there a way of getting the Barclaycard late flags to come off the file or do I need to wait the 6 years ? They only marked it as settled in dec 2011.

 

Thanks in advance

[dx100uk]

firstly are you paying link/thesis & the SLC anything?

link are the biggest fleecers out there and often spoof people into paying

these students loans off when they have no legal right to any of the money.

 

i'll guess your focus is on clearing the cra file.

 

yes you are correct

if a debt has a default date listed in its SUMMARY [top bit]

the whole account will vanish from the file

on the defaults 6th birthday...

 

however, that does not mean the debt is not owed!

 

I will aldo assume that, as with ALL DMP providers

they never actually QUESTIONED, that you DID legally owe the debts?

 

i'd be firing a CCA request off to everything bar BANK ACCOUNTS debts.

sent it to WHOM YOU [payplan] pay

i'e if its a dca that gets the money - send the DCA the CCA request.

 

dx

[dx100uk]

that's should keep you busy for a while

 

those that FAIL to respond within 12+2 working days

can be sent the failure to comply letter

and be stopped any payment...

 

now payplan wont be too happy about this.

cause they are funded [in around about way]

BY the banks [even though they don't charge/are a charity]

it might be in your interest to close with PP

and do a DMP yourself.

 

as you'll probably find that 75% of your debts are now gone

once the y fail the CCA request test.

 

that ultimately will leave you

with a whole lot larger warchest to get you CRA file sorted.

 

i'd for the minute

concentrate on those debts that SHOW on your cra file

[FosterFam]

Great ok.

 

Yes i am paying SLC/Thesis about £12 a month between them and yes when I started with Payplan debts were assumed so have never cca'd any of them.

 

Do student loans from 97/98/99 operate under the consumer credit act ? i.e. if they can't comply with CCA i can stop paying ?

 

One more question if I CCA and they can't comply and I stop payments can those that haven't already go back and default my file or mark payments as late ?

 

Thanks

[dx100uk]

I would p'haps start a thread for this SLC/thesis debts in the SLC forum.

 

they do require paperwork yes

 

sadly, it is not a requirement for a creditor to hold a valid CCA to mark your file.

 

dx