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  • Growurown
    Just wanted to say hello to all the newbies joining our shiny new thread no. 9

    When I started out we were still on no. 7

    Lots of good advice and support for everyone new to the DMP.

    HH I still haven't read that book!
    DMP Mutual Support Thread No. 421
  • lizzy23
    Hi everyone,

    Does anyone know what the max allowances are for basic stuff like petrol etc that Stepchange use. I know food is 340 (I think) Are these standard or does it depend on income.

    Enjoy the weekend folks
    Originally posted by dmb
    if you speak to them and have a good reason they will amend, i had to do it for pet insurance as i have 5 dogs, and fuel , because i commute a 40 mile round trip and OH is a dog walker and uses his van for work, i think our fuel allowance per month is something like 480 and this is whats used, and my pet out going is 100
    LBM 2 and the OH is onboard sept 12, DMP will start on the 1st November, DFD who cares as longs as it comes
    1 year down 5 to go and now under 30k and 10% paid off
  • dmb
    For how many people? All depends on number in the family and not the income.
    Originally posted by Alice in Welfareland
    2 adults. Thanks
  • dmb
    if you speak to them and have a good reason they will amend, i had to do it for pet insurance as i have 5 dogs, and fuel , because i commute a 40 mile round trip and OH is a dog walker and uses his van for work, i think our fuel allowance per month is something like 480 and this is whats used, and my pet out going is 100
    Originally posted by lizzy23
    Thanks, I may need to amend as I find current allowance is not quite enough. Never seem to be able to put money away for stuff like car service even though that's supposed to be accounted for in budget. Oh well I can but ask!
  • moneysaymoneydo
    I have a question maybe the experts on here can answer

    A friend on DMP all ticking away another friend asks DMP friend to 'keep' some money in their account for him to the tune of 150k, is this possible or are their legal implications? and surely if debtors catch wind can take out the account? my friend with dmp said it is perfectly legal as other friend having mental health issues so they are keeping it safe whilst treatment is sought? just curious and i know they should say no but is this legal?
  • Growurown
    I have a question maybe the experts on here can answer

    A friend on DMP all ticking away another friend asks DMP friend to 'keep' some money in their account for him to the tune of 150k, is this possible or are their legal implications? and surely if debtors catch wind can take out the account? my friend with dmp said it is perfectly legal as other friend having mental health issues so they are keeping it safe whilst treatment is sought? just curious and i know they should say no but is this legal?
    Originally posted by moneysaymoneydo
    Can't say whether it is legal or not but it doesn't sound advisable. There are ways of properly looking after the financial interests of people with mental health issues. This sounds more like someone wanting to hide their money.
    DMP Mutual Support Thread No. 421
  • Growurown
    Thanks, I may need to amend as I find current allowance is not quite enough. Never seem to be able to put money away for stuff like car service even though that's supposed to be accounted for in budget. Oh well I can but ask!
    Originally posted by dmb
    We found the budget very tight for food and car servicing etc. so we put everything into the budget we could claim for even it we didn't use or need it. I put in the maximum for things like dry cleaning (never bought anything that needs dry cleaning), lunches at work, smoking (never smoked either) and I put all this away for emergencies. We do a lot of miles for work too and claim a fair bit for petrol but that is needed.

    I know ultimately this prolongs our debt free date as we aren't putting every spare penny into our debts, but it at least makes our life reasonably stress free. Fortunately most of our creditors have stopped interest so we aren't paying out huge amounts on interest and charges - so we will pay pretty much the same amount whether it takes one year or four years. The Halifax are still charging us for the two bank overdrafts we had and I am now thinking I might try and pay a bit extra into those accounts to bring them down quicker. Our method might not suit everyone but it works well for us. Good luck!
    DMP Mutual Support Thread No. 421
  • moneysaymoneydo
    Yes i think the same trying to hide the money so can poss claim benefits, they have put mutual friend in a situation, my dmp friend has warned that worse case they would use the money to pay debts, approx 40k, is this allowed just to give someone money to keep for you? and could my dmp friend end up in trouble?
  • Growurown
    Yes i think the same trying to hide the money so can poss claim benefits, they have put mutual friend in a situation, my dmp friend has warned that worse case they would use the money to pay debts, approx 40k, is this allowed just to give someone money to keep for you? and could my dmp friend end up in trouble?
    Originally posted by moneysaymoneydo
    Quite possibly. If this money is being hidden in order to claim benefits then that is illegal. If your DMP friend who is 'looking' after the money knows this then they could be in trouble too by aiding a criminal act. I can't say for sure, I am not a legal expert in any way but I would strongly advise your DMP friend not to get involved. It would look pretty bad from the DMP point of view too and your friend could use this as an excuse to say no to this other person.

    Have a look at this too.

    http://www.money.co.uk/article/10043...eing-taxed.htm
    Last edited by Growurown; 09-02-2013 at 11:31 PM.
    DMP Mutual Support Thread No. 421
  • lizzy23
    We found the budget very tight for food and car servicing etc. so we put everything into the budget we could claim for even it we didn't use or need it. I put in the maximum for things like dry cleaning (never bought anything that needs dry cleaning), lunches at work, smoking (never smoked either) and I put all this away for emergencies. We do a lot of miles for work too and claim a fair bit for petrol but that is needed.

    I know ultimately this prolongs our debt free date as we aren't putting every spare penny into our debts, but it at least makes our life reasonably stress free. Fortunately most of our creditors have stopped interest so we aren't paying out huge amounts on interest and charges - so we will pay pretty much the same amount whether it takes one year or four years. The Halifax are still charging us for the two bank overdrafts we had and I am now thinking I might try and pay a bit extra into those accounts to bring them down quicker. Our method might not suit everyone but it works well for us. Good luck!
    Originally posted by Growurown
    This is our method too,, at the end of the day without the DMP we would never have paid it off, yes with it, it may take 7 years but at least we have a relatively normal life, don't get me wrong we do watch the pennies, but we have a relatively normal life
    LBM 2 and the OH is onboard sept 12, DMP will start on the 1st November, DFD who cares as longs as it comes
    1 year down 5 to go and now under 30k and 10% paid off
  • bertman
    Ahh our first payment to our creditors went from Stepchange a few wks ago, but Ive just had an invoice from my Next account which shows nothing and has a late fee on it!! I am still stressing over the post as HSBC have not been helpful either- still charging some interest and had a late fee from them too- altho that did show stepchange's payment! Can anyone help?? Anyone had similar experiences? x Thank you x
    Originally posted by dmp2013
    HSBC have been our worst CC company, it took them nearly 5 months for them to register the fact that we were with SC. A lot of this has to do with an incredible backlog of details from SC and probably others. Just tell them you are on a DMP and put it in writing. They refunded interest to us last week and have now suspended interest.
    Debts as of June 2012 - 68,986.35
    Now 50,829,46
    26% of debts cleared
  • Hopelessly Hopeful
    HSBC have been our worst CC company, it took them nearly 5 months for them to register the fact that we were with SC. A lot of this has to do with an incredible backlog of details from SC and probably others. Just tell them you are on a DMP and put it in writing. They refunded interest to us last week and have now suspended interest.
    Originally posted by bertman

    That's really good news, glad you got it sorted at last

    HHx
    DMP June 2010 - August 2014. 100% plus interest paid back in full

    Proud to have dealt with my debt
  • jubilee14
    good news bertman. am same in that just finally getting it sorted with HBOS not so lucky with the interest being frozen. But still better than it was. Onwards and upwards eh.
    LBM Sept 2012
    started DMP 1.11.12
    Debt 37012/26896 DFD about July 2019
  • Time to face the music
    I got lost and you are all here on a new thread, very snazzy indeed. I started right at the very end of part 7

    I see that HH has been maligning me while I have been gone, she is the one who belongs on the naughty step

    Our fuel allowance was higher than the recommended, because of our commute, at 280 per month so I can't see any problems with StepChange increasing it above their normal allowance if they have a justified reason for it.

    The maximum StepChange food/housekeeping allowance for 2 people is 341 per month. This is low compared to the guidance given by NED CAB DMP and National Debtline which I believe are based on trigger figures. We did a lot of reading about this before we moved to self managing our DMP. There is a big difference between the national recommendations and those of StepChange but I am not sure why.

    I can see where people are coming from with increasing their allowances to keep a normal life but we want our real life back, the one where we have our money to spend on what we want and not throw it at debts each month. So we keep the pace brisk to go for the fast finish
    Last edited by Time to face the music; 10-02-2013 at 10:53 AM. Reason: Lack of punctuation
    LBM 10/1/12 ~ DFW Start 6/2/12: 82,344 ~ Now Zero
    Debt free 17th April 2015
    Eternal thanks to the DMP & Mutual Support Thread and Payment a Day Thread
    Mortgage free 3rd July 2014 - Grateful thanks to the 2013/14 MFW threads
    "Debt is normal. Be weird!" Dave Ramsey
    Proud to have dealt with our debt
  • dmp2013
    HSBC have been our worst CC company, it took them nearly 5 months for them to register the fact that we were with SC. A lot of this has to do with an incredible backlog of details from SC and probably others. Just tell them you are on a DMP and put it in writing. They refunded interest to us last week and have now suspended interest.
    Originally posted by bertman
    That's good that you finally have had some success with HSBC then Bertman, as I have been pulling my hair out with them!! I will send more letters, but have sent several 'Stepchange' ones already. Thanks so much for your reply and for giving me some hope with the dreaded HSBC!!!!
    DMP started Jan 2013.
    Due to end 2018.
    Happy to be sorting out our debt
  • RonniesMummy
    A quick question, what letter do I send to a creditor if I think their charges are unfair, and they aren't treating me fairly?
    Do I then go to OFT?
    I took a loan out with speed credit (my own fault I agree) but to set a payment plan it has had to be set at 1200, these charges are ridiculous, and I want to try my hand and reducing them somewhat.

    Thanks In Advance
    x
    DFD 1st January 2016
    Total Debt 4600 01/01/2013
    4100 15/11/2013
  • Growurown
    I can see where people are coming from with increasing their allowances to keep a normal life but we want our real life back, the one where we have our money to spend on what we want and not throw it at debts each month. So we keep the pace brisk to go for the fast finish
    Originally posted by Time to face the music
    Yup I can see this point of view to tackling debt when on a DMP. I too am keen to be debt free and have all my money to myself. However I have an OH who can't hack being hard up, so I knew when I embarked on our DMP that it would have to suit our way of life or things would be very unpleasant. Luckily our estimated DFD wasn't years and years away so we felt this approach was acceptable. Whatever works for you I guess
    DMP Mutual Support Thread No. 421
  • Hopelessly Hopeful
    Yup I can see this point of view to tackling debt when on a DMP. I too am keen to be debt free and have all my money to myself. However I have an OH who can't hack being hard up, so I knew when I embarked on our DMP that it would have to suit our way of life or things would be very unpleasant. Luckily our estimated DFD wasn't years and years away so we felt this approach was acceptable. Whatever works for you I guess
    Originally posted by Growurown

    Agreed, all individual choice, no one right way. I was so too tough on myself in the first 14 months, this wasn't sustainable and I then bought into the ' you can't buy back time' saying and took my foot of the pedal a little to get more balance.

    Good luck to everyone whichever route is right for you.

    HHx
    DMP June 2010 - August 2014. 100% plus interest paid back in full

    Proud to have dealt with my debt
  • Hopelessly Hopeful
    A quick question, what letter do I send to a creditor if I think their charges are unfair, and they aren't treating me fairly?
    Do I then go to OFT?
    I took a loan out with speed credit (my own fault I agree) but to set a payment plan it has had to be set at 1200, these charges are ridiculous, and I want to try my hand and reducing them somewhat.

    Thanks In Advance
    x
    Originally posted by RonniesMummy

    Have you checked out the templates on the national debtline website?

    Write to the preditor, if you are not not satisfied with the outcome call the FOS helpline.

    Financial Ombudsman consumer helpline

    Monday to Friday 8am to 8pm
    Saturday 9am to 1pm
    • 0800 023 4567
      calls to this number are normally free for people ringing from a "fixed line" phone but charges may apply if you call from a mobile phone
    Good luck

    HHx
    DMP June 2010 - August 2014. 100% plus interest paid back in full

    Proud to have dealt with my debt
  • katy_ann
    Afternoon all Quick update from me, Im still fighting with halifax and hsbc for them to reduce/stop the interest on the od/cc. They dont seem to be registering im on a dmp even after 4 months! Grr oh well, some debts are reducing, others increasing, get there in the end!
    Official DFW Nerd Club Member #1449 | Proud to be dealing with my debts
    Total debt as of 19/04/2015 - 2453.00 | Aiming to be Debt Free by December 2015 June 2016
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