Dmp

Payall
Payall Posts: 2 Newbie
in Debt-free wannabe
I am currently in a DMP with angel advance. Someone suggested you can go it alone and deal directly with your creditors. Can anyone offer advice or guidance regarding this option.
Thank you

Comments

  • glentoran99
    glentoran99 Posts: 5,821 Forumite
    First Anniversary Combo Breaker First Post Debt-free and Proud!
    Ditch them immediately, the money you are paying them could be paying off your debt,


    You simply contact your creditors and tell them to deal with you and you will continue the same arrangement,


    Or go to stepchange who wont charge you for the same thing
  • sourcrates
    sourcrates Posts: 28,876 Ambassador
    First Anniversary Name Dropper First Post Photogenic
    edited 8 October 2017 at 12:23PM
    Payall wrote: »
    I am currently in a DMP with angel advance. Someone suggested you can go it alone and deal directly with your creditors. Can anyone offer advice or guidance regarding this option.
    Thank you

    Hi,

    Any of the free debt charities in my signature will set up a DMP for you, completely free of any charge whatsoever.

    Or,

    You can self manage one, which again, is real easy to do.

    Ditch the fee charging DMC immediately, you are just wasting your money using them.

    Some info here from one of the best sites around :

    https://debtcamel.co.uk/debt-options/guide-to-dmps/
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • Payall
    Payall Posts: 2 Newbie
    Thanks for the advice.
    Much appreciated.
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