{"id":14232,"date":"2011-10-08T05:02:26","date_gmt":"2011-10-07T22:02:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-shock-ending-to-my-payplan-debt-plan\/"},"modified":"2016-05-24T22:49:25","modified_gmt":"2016-05-24T15:49:25","slug":"a-shock-ending-to-my-payplan-debt-plan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-shock-ending-to-my-payplan-debt-plan\/","title":{"rendered":"A shock ending to my PayPlan debt plan"},"content":{"rendered":"


\nMy repayment plan was due to finish in November, but I’ve just found that I still owe \u00a34,000I have been with debt management company PayPlan since January 2007. I was due to finish the plan in November but I have just found out I owe a great deal more. It appears I was not receiving letters from the creditors to say they were unhappy with payments, and late fees had been applied. I thought PayPlan was dealing with my finances but it appears it wasn’t. I have never missed a payment, but since looking into this I have found out that, over the years, PayPlan has made numerous late payments on my behalf. I looked up my file on Equifax and found my credit rating is no better than before. I have taken this matter up with PayPlan and it accepts no liability for it. My starting debt was estimated at around \u00a39,750.40 and the total I have paid to date is \u00a310,560. Now my estimated remaining debt is \u00a34,086.53 \u2013 but until 3 September it stated I had around \u00a3143 left to pay. JS, Thanet, KentPayPlan, which offers free debt management plans (DMPs), was quick to dust down your file and peruse its contents but it took a while to get hold of all your creditors. Managing director John Fairhurst told us PayPlan itself was not to blame: “DMPs are informal arrangements and creditors are not compelled to freeze interest and charges. This is explained to clients when they choose a DMP. In the majority of cases creditors do waive or significantly reduce charges. JS’s case is not typical, especially given her record of regular payments. Anyone in a DMP should be made aware of any charges being applied during the plan.” Continue reading…
\n
\nSource : theguardian.com
\nRead more…A shock ending to my PayPlan debt plan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My repayment plan was due to finish in November, but I’ve just found that I...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14232","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3Hy","jetpack-related-posts":[{"id":100342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-have-25000-in-credit-card-debt-can-i-get-a-mortgage\/","url_meta":{"origin":14232,"position":0},"title":"I have \u00a325,000 in credit card debt \u2013 can I get a mortgage?","date":"October 22, 2018","format":false,"excerpt":"\r I have not missed any payments, but fear I will be rejected due to my maxed-out cardsQ I am 47 and on a good annual income of \u00a345,000, but owe \u00a325,000 in credit card debt, which is nearly 90% of my available credit. My wife is 37 and has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22335,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/co-operative-energy-didnt-bill-us-but-claims-we-owe-it-nearly-1500\/","url_meta":{"origin":14232,"position":1},"title":"Co-operative Energy didn't bill us, but claims we owe it nearly \u00a31,500","date":"August 9, 2016","format":false,"excerpt":"\r It took years\u2019 worth of back payments from us, though the rule says we are liable only for the past 12 monthsWe have been trying to move our account from Co-operative Energy to Ovo Energy and found that, despite \u00adpaying by monthly direct debit, we had accrued \u00a31,468 of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44430,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-four-uk-retirees-burdened-by-unpaid-mortgage-or-other-debts\/","url_meta":{"origin":14232,"position":2},"title":"One in four UK retirees burdened by unpaid mortgage or other debts","date":"February 17, 2017","format":false,"excerpt":"\r Numbers retiring in debt in 2017 is highest for seven years with nearly 40% still owing payments for debts such as interest-only mortgagesOne in four people planning to retire this year will still have a mortgage or other debts to pay off and will typically owe about \u00a324,000, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/young-people-owe-five-times-more-than-older-consumers-as-unsecured-debt-mounts\/","url_meta":{"origin":14232,"position":3},"title":"Young people owe five times more than older consumers, as unsecured debt mounts","date":"October 16, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Young people owe five times more than older consumers, as unsecured debt mounts","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42149,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/you-owe-your-employer-a-debt-of-gratitude-our-work-expert-responds\/","url_meta":{"origin":14232,"position":4},"title":"\u2018You owe your employer a debt of gratitude\u2019 \u2013 our work expert responds","date":"January 28, 2017","format":false,"excerpt":"\r Our careers expert \u2013 and you the readers \u2013 advise a retiree who is returning to work, and a trainee accountant who wants to quit their jobWhen working I did a great range of jobs as we moved around with my husband\u2019s work. I have a general science degree\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-you-owe-a-fresh-start-to-being-declared-bankrupt\/","url_meta":{"origin":14232,"position":5},"title":"When you owe a fresh start to being declared bankrupt","date":"February 8, 2014","format":false,"excerpt":"\r For many, insolvency is a way out of spiralling debt problems and a way to secure a better futureWith spiralling debt after 10 years of borrowing, Paul Broderick was approaching 30 in 2006 when he quit his local government job and a few months later went bankrupt.\"I'd been indoctrinated\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14232"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=14232"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14232\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=14232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=14232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=14232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}