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PortSN18

Trying to sort out finances - defaults

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I am in a DMP and have been since the beginning of this year.

 

Natwest loan £4889

Natwest OD £1249

JD Williams £1749

Very £771

 

I have been self running a DMP and paying each £1 for 4 months. I am upping my payments from July to:

 

Natwest loan £57

Natwest OD £15.37

JD Williams £20.65

Very £1

 

According to my noodle report Natwest have me at DM(4) for May, JD Williams has had me at DM(UC) since March and Very the following:

 

Jan - DM(1)

Feb - DM(1)

Mar - AR(UC)

Apr - AR(UC)

May - AR(UC)

 

With Very placing AR markers does that mean I'm unlikely to get a default anytime soon?

 

JD Williams & Very are both being reported as up to date even though I am in arrears of £278 for Very and also JD Williams, though neither are adding interest, that is just Natwest.

 

I have heard Very is terrible at defaulting and you have to either not pay or not clear arrears within 1 year.

 

The whole point of a DMP is to get defaults and clear credit history in 6 years. Isn't AR worse than a default?

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moved to debt self help

yes DM or AR are far worse than a default they never drop of

 

are all your debts still with the original creditors

or are you paying a powerless DCA?


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

 

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Only Very is with NCO (in house I believe) but according to Payplan (no longer with them)

 

have Westcot for Natwest, that was in March and

 

since doing it all myself I have only been dealing with Natwest and have heard nothing from Wescot.

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i'd let things run

never pay a DCA

they are not bailiffs and have zero legal powers.

 

the debts will be sold on

when they do

they must default them


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

 

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I should pay nothing to any till they get sold on? Once they are defaulted what do I do?

Edited by dx100uk
quote

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you are only paying £1PCM anyway?


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

 

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you are only paying £1PCM anyway?

 

I'm just wondering when Very & JD Williams will sell on as they are still claiming I'm up to date

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no need to hit reply with quote

just type

 

there no set logic to when/if they will

 

just keep pay £1pcm is it?


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

 

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yes I am only paying £1 a month to each.

 

I have since had letters from Natwest demanding all monies by 22nd June and have now closed my access to my accounts. JD Williams just send me statements with an attached default leaflet.

 

Don't want to receive a CCJ !!

 

When I finally get defaults can I get the dates of them changed to the beginning of this year?

Edited by PortSN18

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Oc 's dont do court

 

Did you open a parachute account ?

And get any income away from them?


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

 

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I've had other bank accounts for years.

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Going through my Natwest letters and I have a letter dated 16 June 2018 saying I am due a refund of interest of £468.98 from 16/1/18 to 25/06/18 due to not sending out a NOSIA.

 

So far the refund hasn't been added to my loan account (no longer able to check).

Last look the balance was £4889, on 02/01/18 the balance was £4707 with arrears of £426.53.

Should the refund bring my balance down to £4421?

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should do

any penalty charges? as you have arrears?


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

 

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no clue about penalty charges.

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sar time then!!


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

 

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Will get the SAR out ASAP

 

Chasing up another matter if a debt has been sold does a SAR + CCA request go to the OC or the DCA?

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start a new thread for this other debt in the forum in the name of the original creditor off the top left main forum tab.


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

 

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Thanks I have done now.

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:thumb::thumb:

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

 

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Received letters today from Natwest for all accounts I've ever had (7) saying they have now partnered with Westcot. I await a letter from Westcot. Does this mean they have assigned and not sold on the debt?

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wetcloths don't buy debts.


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

 

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So what should I expect?

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garbage ignore


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

 

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The letters do state that Westcot will be in touch with my debt management company. I haven't been with Payplan for a while now and all creditor have has the self managed DMP letters etc.

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so what..


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

 

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