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DMP....cashcowed.....S/Barring

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I'm into a DMP about 6 yrs now and through here have realised I've been cash cowed by a couple of the pre 2007 one's

 

One card has not been part of the plan for some reason, never been paid and is on the cusp of Statute barring and I likely won't hear from them due to a CCA request thanks to you guys...now for the rest of them to be CCA'd

 

Two stupid questions :

 

Obviously part payments have been appearing on my records due to DMP but the original 5 yr old defaults will possibly drop off next September ...... is this correct?

 

Like most I want to increase credit scores for some future plans, If I don't pay anymore .....will my scores begin to increase post September or will having made payments screw me up for another 6 yrs?

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who are you in a DMP with?


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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doesn't matter if you pay or not

the ICO say:

 

All references to a defaulted debt must be removed from your credit files after 6 years

has passed from date of default, whether paid off, paying now or not.

.

{the WHOLE ACCOUNT WILL VANISH, never to return}.

.

{however, this does not mean the debt itself is not still owed

consider a CCA request.}

.

This is so that someone who continues paying something

- even after 6 years from default

- should not be at a disadvantage to someone who pays nothing after default

and ends up with a clean file after 6 years.

.

NOTE: {the bracketed text is not ICO guideline but my advise]


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also the debt wont be statute barred until 6 years after you ceased paying or acknowledging it.

 

In short as you are paying and the defaults are going to drop off anyway

you need to look at all of the debts individually and then determine if they are correct and enforceable. I

 

wouldnt stop paying them until you know that as it may invite recovery action.

That still wont change the default drop off date or your credit score in the months after that but you dont want to be fighting a court claim when you dont have to

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Ok. can you list all your debts, who they are owned by, who is chasing them please.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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