I've read on a few threads on MoneySavingExpert about a CCA request? Can someone explain to me what this means and how it works? Also, what does it mean when debts 'drop off' files?
My husband is in a dmp and has been for five years now. He started one with Money Worries in 2009 but then they went bust (I had been saying for a while I thought they were dodgy. Hindsight eh?) and he switched to PayPlan about 18 months or so ago. Debts are around 28k (down from +50k) and we pay 618pm. Mixture of loans and credit cards plus an overdraft. Some are with the original company and some have been sold on.
We're in a good place and doing all the right things with a budget etc but I wonder if I should be a bit smarter with the dmp? Not really in a position to offer full and final settlements as all extra money is going towards the repayment mortgage (trying to get to 75% ltv to allow consent to let to continue unchallenged) and the loan (overpayments are allowed with no penalty).
Can someone give me some tips?