Statement of I & E

[heliosuk]

Does a DCA have the right to a statement of I & E on a regular basis i.e. every 6 months for example, given that they have agreed a set repayment from a previous one?

[coledog]

No - they have no right to an I and E at all - do not send them one, only a court has the right to request an I and E, in particular circumstances.

 

In my opinion I and E cause more trouble than they are worth, my all means do your own and sort out your prriority and necessary expenses BUT when making an offer of repayment, state that you have looked at your I and E and can only offer xx on the basis of this.

 

There is guidance to working out I and E on CAG, National Debtline and CAB sites

[heliosuk]

This was my thinking. They have agreed to a set amount and provided that is kept to they can't do any more unless they want to go to court? At that point would it not be viewed by a DJ that they accepted and agreed the amount which has been complied with even though there has been a change of circumstance for the better?

 

What I'm aiming to achieve is to carry on for a bit as is normal and then to offer a lump sum in full and final settlement which will obviously allow us to get back on track like before the banks caused this problem. If they won't do this then I'll carry on with the payment each month where I'll be dead before it's repaid in full.

[coledog]

When you make payments to a DCA, they will always try and get you to increase the payment, this is how they work. Don't be stressed by this - the fact that you are paying them at all should be enough. Tell them that you have reviewed your finances and in the current economic climate, you will not increase your payment and to get stuffed, basically