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Procrastination over , now need some help on DMP clearance

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  • Procrastination over , now need some help on DMP clearance

    Having got myself into some heavy credit card debt ( foolish spending & balance transfer naivety) I entered into a DMP with Debt Advisory Line at the end of 2012 and started making payments in February 2013.
    Since then I have made my regular payments and whilst considered paying off some of the debt I have not been in the position to do so until now.
    Having just reviewed my account with DAL and asked for an idea of what settlement amounts I might agree. Not being satisfied with their advice I started a search on the web and having looked at a lot of sites find myself here looking for advice.
    Basically it looks like I should have made this move few years back but hey ho , I didnt !.
    From what I have read it looks like my first action should be to send CCA letters to those who are now holding my debt ie,

    Capital One Credit CArd
    Link Financial ( 3 accounts)
    PRA Group UK
    Westcot Credit ( 2 accounts)

    Am I correct in assuming this is my first move ?
    Should I inform DAL ?
    Should I continue monthly payments to DAL ?

    I am looking forward to getting stuck into this so would appreciate any advice & assistance

    Cheers

    Hooker

  • #2
    Hi
    You should certainly ditch DAL, as they are charging you fees each month which could have gone to reducing your debt. There are FREE dmp providers. If you do decide to carry on paying, use one of those.

    Comment


    • #3
      Originally posted by Hooker View Post
      From what I have read it looks like my first action should be to send CCA letters to those who are now holding my debt ie,
      Capital One Credit CArd
      Link Financial ( 3 accounts)
      PRA Group UK
      Westcot Credit ( 2 accounts)
      Hello Hooker

      May I ask who was the original creditor of the debt now apparently owned by PRA? Was it MBNA or Barclaycard?

      I have a good reason for asking.

      I'll help you to start a diary for all of these debts tomorrow.

      Di
      Legal Disclaimer

      I am a Litigation Executive at Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

      Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

      Comment


      • #4
        Di

        The PRA debt is from Barclaycard

        H

        Comment


        • #5
          Originally posted by Hooker View Post
          From what I have read it looks like my first action should be to send CCA letters to those who are now holding my debt ie,

          Capital One Credit CArd
          Link Financial ( 3 accounts)
          PRA Group UK
          Westcot Credit ( 2 accounts)

          Am I correct in assuming this is my first move ?

          I am looking forward to getting stuck into this so would appreciate any advice & assistance
          Time to get stuck in as your thread title says

          Send a s 77-79 CCA Request with a £1 postal order for the statutory fee to each of the seven debt owners. There's a CCA Request Template Letter in this link here >

          https://www.all-about-debt.co.uk/for...mplate-letters


          Then the best thing to do is start a new thread as your 'Unenforceable Diary' where you can update every step of the way and get help on what you need (or don't need!) to do next every time you hear from the debt owner. Use this as a basic format with a separate post for each account >
          • Type of account (credit card/loan/overdraft)
          • Date commenced (ideally before April 2007)
          • Approx balance
          • Date last paid (approximate date you last made a FULL payment)
          • Are you on arrangement or not paying
          • Status (default/in arrears/up-to-date)
          • Account owner (who is writing to you, a DCA or the lender)

          If you read this thread it may help you to get you started > https://www.all-about-debt.co.uk/for...-read-me-first

          I look forward to helping you.

          Di



          Legal Disclaimer

          I am a Litigation Executive at Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

          Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

          Comment


          • #6
            Well , there's procrastination & there's PROCRASTINATION !

            Whilst I have been fortunately very busy as a self employed business it has meant I have been putting off starting down this route but am now ready. I feel I should apologise Diana as you were very helpful 'offline' and gave me a lot of confidence in making this (delayed) move

            So that I am sure I am starting out in right way I would like to check that the following is how I should proceed..

            !. Send Advaced SAR request to DMP provider ( I need to check who holds debt)
            2. Cancel DMP
            3. Send s 77-79 Letter to all debt holders . Assume this means latest company who holds debt rather than original cc company.
            4. Start Unenforceable Diary

            Thank you in advance & promise no more procrastinationg !

            Comment


            • #7
              Post deleted - technical error
              Last edited by Diana Mayhew; 17th August 2018, 10:57.
              Legal Disclaimer

              I am a Litigation Executive at Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

              Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

              Comment


              • #8
                Originally posted by Hooker View Post
                Well , there's procrastination & there's PROCRASTINATION !

                Whilst I have been fortunately very busy as a self employed business it has meant I have been putting off starting down this route but am now ready. I feel I should apologise Diana as you were very helpful 'offline' and gave me a lot of confidence in making this (delayed) move

                So that I am sure I am starting out in right way I would like to check that the following is how I should proceed..

                !. Send Advaced SAR request to DMP provider ( I need to check who holds debt)
                2. Cancel DMP
                3. Send s 77-79 Letter to all debt holders . Assume this means latest company who holds debt rather than original cc company.
                4. Start Unenforceable Diary

                Thank you in advance & promise no more procrastinationg !

                Better late than never

                Itís not always obvious who actually owns a debt especially when a DMP has been involved which means youíve not been dealing direct with the creditors (although they should send you any Notice of Assignment if itís sold).

                The important thing is to send the right letter/request to the right person at the right time.

                So your next step should be to make a separate post for each debt as suggested in my post # 5 and weíll take it from there.

                Di
                Legal Disclaimer

                I am a Litigation Executive at Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at di@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

                Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

                Comment

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