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CherryBakewell88

2 debts - cabot aqua card + Hitchi finance under self DMP - Advice needed

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Hey

 

I'm on a self made Dmp with 2 companies ,

Cabot financial ((sold to them by aqua)) and

Hitachi capital finance.

I received a default from aqua but no default from Hitachi.

Total debt around 8.5k

 

My Dmp with Hitachi capital finance shows on my credit file as late payment and has done even though my Dmp has been running for 16 months without payment issues.

 

Could Hitachi give me a default even though I'm on Dmp?

 

Also I looked at an IVA but I can't find d clear requirements for it.

I'm not a homeowner .

is it worth trying?

Edited by dx100uk
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1st if your user name is your realname or can be realised from it send me a PM with 2 alternatives and we'll get it changed.

 

now the debts...

 

cabot are a DCA they are not bailiffs and have zero legal powers

 

when did you take the aqua card out?

and have you sent cabot a CCA request to check they have the necessary enforceable signed agreement to even demand money out of you?

 

Hitachi..to be honest it would be better to stop payments in a way so they did default you

that way the debt will vanish from your file in 6yrs regardless to payments or not being made.

 

the late payment marker is not really hurting you, but sadly will be there forever if they think you are 'late' which to me doesn't seem right.

but alternatively you don't want the dreaded AP markers either, that's worse than late payment.

 

I've moved you to the debt self help forum.

 

lots of like threads to read here.

 

dx


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Aqua was taken out in early 2015 some time.

Yes Cabot sent me paperwork saying they had bought my debt from Aqua. My account in the CRA was subsequently closed and Cabot appeared.

I should, CCA request them to be 100% however.

 

I agree about Hitachi but I wanted to try to avoid another default as one is bad enough!

 

And Cherry bakewell isn’t my real name, it’s my favourite cake lol

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Yes CCA


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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I agree about Hitachi but I wanted to try to avoid another default as one is bad enough!

 

 

With all due respect, if you have a rubbish credit history anyway, another default is not going to make much difference. As dx has said though, you need to put a stop to their marking your file as a late payment and get them to default you properly that way the 6 year to clearance starts to tick away.


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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

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Hello cb!!!

 

Glad to see you

 

Dx


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

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:thumb:

 

Hi dx x


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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Can i ask them to default me directly or do they have to follow the appropriate channels and default me after several missed payments?

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When was your 3rd missed/late/short repayment??

That should be the defaulted date ldeally

When did you take this out?


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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Well according to Noddle..I didn’t pay anything from October 2016 and my payment plan was starting from August 2017.

 

They didn’t default me at all and I didn’t receive any letters from this or anything.

It was me who contacted them to make a dmp with them but clearly I should have let them default Me.

 

My current Noddle has a status of late payment but then when I actually look...it’s full of AP AA BB DM markers all over the place..

 

 

 

Am I correct to think that the best thing to do now is to make hitachi default me ?

Edited by dx100uk
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Yes


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

MAKES A THREAD TWICE AS LONG TO SCROLL THROUGH!

please do not post jpg images directly to a topic..USE PDF ....READ UPLOAD.

 

WE CAN'T GIVE ADVICE BY PM - IF YOU SEND ME A LINK TO YOUR THREAD - I WILL BE HAPPY TO OFFER HELP THERE

Single Premium PPI Q&A Read Here

Reclaim mis-sold PPI Read Here

Reclaim Bank Account, Loan & Credit Card Charges Read Here

The CAG Interest Tutorial Read Here

spreadsheets 

 

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