by LauraStreet » Fri Apr 16, 2010 11:55 am
Hi krzysztof,
Thanks for posting.
When you join Debt Line, and you send pack your signed form, we send out letters to all of your creditors, letting them know that we are working on your behalf, showing them a breakdown of all your money in and out on bills and living and an offer of payment that you can afford and we also ask that they freeze or reduce interest.
When it comes to freezing and reducing interest, the final decision comes down to your creditors, however if they refuse to do this, they must provide a real valid reason, or this can be viewed as obstruction from you getting debt free. If they are doing this, a formal complaint can be made to the Financial Ombudsman, they work through banking complaints like these and did you know 7 out of 10 of these complaints are upheld!
What we need you to do, is to keep evidence of the interest being put on at the normal rate, if they are doing this for more than 3 months, we have a possible case for complaint. Please keep your statements showing this and politely but firmly ask them to remove this and we will do the same. Then if this continues, we can provide you with the forms to make the complaint and all the information you will need.
Kind Regards
Laura Street
Debt Line Account Manager
Team Manager
Hi krzysztof,
Thanks for posting.
When you join Debt Line, and you send pack your signed form, we send out letters to all of your creditors, letting them know that we are working on your behalf, showing them a breakdown of all your money in and out on bills and living and an offer of payment that you can afford and we also ask that they freeze or reduce interest.
When it comes to freezing and reducing interest, the final decision comes down to your creditors, however if they refuse to do this, they must provide a real valid reason, or this can be viewed as obstruction from you getting debt free. If they are doing this, a formal complaint can be made to the Financial Ombudsman, they work through banking complaints like these and did you know 7 out of 10 of these complaints are upheld!
What we need you to do, is to keep evidence of the interest being put on at the normal rate, if they are doing this for more than 3 months, we have a possible case for complaint. Please keep your statements showing this and politely but firmly ask them to remove this and we will do the same. Then if this continues, we can provide you with the forms to make the complaint and all the information you will need.
Kind Regards
Laura Street
Debt Line Account Manager
Team Manager