Had a phone call today from my first creditor, Barclaycard. Wrote to them 10 days ago and sent them a cheque for £75.00, I'm using the debt help charity so doing it all myself. It wasn't to bad but I do feel Barclaycard are taking advantage of the situation a bit. They told me they had my proposal and my cheque but they were not accepting it!
After I'd stopped having my heart attack I heard him say they actually were willing to accept £84.00 a month. Well that's not so bad, only £9.00 a month more than I'd proposed. That's when they started taking advantage though, he said they needed the £84.00 today and when I asked what happened to the £75.00 I'd already sent he said that was just going towards the balance and they needed a seperate £84.00 today. He also said I would be paying charges for not making the minimum payments for the next two months and then once I'd paid the April payment they would confirm everything in writing and I'd be on a proper agreement for the £84.00 a month on a "very very reduced interest rate".
So on the one hand I'm quite happy, they are accepting my DMP plan at £84.00 a month at reduced interest which is only a few pounds more than I proposed. On the other hand though I've paid the first £75.00 for no real benefit and I'm going to be hit with charges for not making the minimum payment for the next two months even though it's agreed I'm on a debt plan.
Another plus though is he said now that it's all set up they won't be ringing me again so I don't have to worry about numerous nasty phone calls from them.
One creditor down, two to go now
