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From Fee Paying Twinpier DMP to DIY


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Hi

 

My partner and I got into a lot of debt after we became self employed in 2004.

When things got bad we kept the company from going under by using personal credit cards.

 

Credit was easy to come by; we had one credit card (MBNA) with a 20k limit, as well as several others.

 

Following a heart attack in 2006 I had a Critical Illness insurance payout, and used much of the 47k to pay off some of the larger debts.

However, when the credit crunch of 2008 occurred, business suffered and the debts piled up again.

 

We took out a DMP in 2012, costing £50 month in fees and paying our creditors £5pm, and £20pm to HMRC for Tax Credit over payments. Total monthly bill £150.

 

I have been reading the CAG debt forums recently and this has given me the confidence to cease paying the DMP company and have a go at dealing with our debt myself.

 

I have SAR'd the DMP and hope you can help me going forward.

Edited by Andyorch
Paras
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I've moved you to the debt management companies forum.

 

DUMP THEM...

 

who are they please?

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

Thank you for your reply dx.

Have read the link.

 

Have informed DMP we have stopped payments.

 

Will CCA all DCA's for credit/store cards, SAR DCA's and OC's for overdrafts (using original reference no.s), and pay HMRC direct.

 

Does this sound correct?

Edited by dx100uk
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no point in an sar to any DCA.

 

sar to Twinpier

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

go read that thread in post 3

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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