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  • FIRST POST
    • Sinkinginloadsofdebt
    • By Sinkinginloadsofdebt 2nd Oct 17, 8:15 AM
    • 3Posts
    • 1Thanks
    Sinkinginloadsofdebt
    Help - where do I go
    • #1
    • 2nd Oct 17, 8:15 AM
    Help - where do I go 2nd Oct 17 at 8:15 AM
    I'm lovely people - I'm screwed and need serious help.

    I've been on a DMP with step change for about 4 years - they have been great but I stupidly got more credit due to a change in circumstances and now I'm sinking again. It's my understanding that step change will stop dealing with me if I tell them so I guess my only option is to look for another DMP elsewhere and stick with it. Can anyone recommend someone. I feel like a complete idiot for doing this to myself again and need to sort this. I have to pay more than I earn everyone month so the borrowing is now spiralling and I need to start again. Please help
Page 1
    • Sinkinginloadsofdebt
    • By Sinkinginloadsofdebt 2nd Oct 17, 8:17 AM
    • 3 Posts
    • 1 Thanks
    Sinkinginloadsofdebt
    • #2
    • 2nd Oct 17, 8:17 AM
    • #2
    • 2nd Oct 17, 8:17 AM
    That was supposed to say hi lovely people. Right now I definately don't feel lovely - I feel like an idiot!
    • StopIt
    • By StopIt 2nd Oct 17, 8:52 AM
    • 1,449 Posts
    • 1,239 Thanks
    StopIt
    • #3
    • 2nd Oct 17, 8:52 AM
    • #3
    • 2nd Oct 17, 8:52 AM
    Speak to Stepchange ASAP.


    If you're open an honest with them, they'll help.


    A DMP is an informal solution, there aren't many rules that can't be broken as long as you are willing to sort it out afterwards. Even if that means cancelling the current DMP and starting again, they will not turn you away.
    • Sinkinginloadsofdebt
    • By Sinkinginloadsofdebt 2nd Oct 17, 9:59 AM
    • 3 Posts
    • 1 Thanks
    Sinkinginloadsofdebt
    • #4
    • 2nd Oct 17, 9:59 AM
    • #4
    • 2nd Oct 17, 9:59 AM
    Thank you for your advice, I have sent them a message as it's easier to explain in detail where it all went wrong. Fingers crossed for a quick and positive reply.
    • StopIt
    • By StopIt 2nd Oct 17, 10:17 AM
    • 1,449 Posts
    • 1,239 Thanks
    StopIt
    • #5
    • 2nd Oct 17, 10:17 AM
    • #5
    • 2nd Oct 17, 10:17 AM
    Thank you for your advice, I have sent them a message as it's easier to explain in detail where it all went wrong. Fingers crossed for a quick and positive reply.
    Originally posted by Sinkinginloadsofdebt

    Good luck.


    If you need any help here, just ask. There's plenty of people around with experiences of the DMP process who can assist.
    • EssexHebridean
    • By EssexHebridean 2nd Oct 17, 10:59 AM
    • 8,232 Posts
    • 43,616 Thanks
    EssexHebridean
    • #6
    • 2nd Oct 17, 10:59 AM
    • #6
    • 2nd Oct 17, 10:59 AM
    Also get yourself sitting down and go back over your budget again - it may be that your spending has crept up in some areas without you noticing it and there will be savings ans cutbacks you can make. You may have to revisit the DMP and get Stepchange to renegotiate if your circumstances have changed in regard to income though - it's important that your budget balances in favour of more coming in than going out, and if in spite of making whatever savings you can, ends still don;t meet, then you'll have to face that the DMP might not be right for you, at least in its current form.
    MORTGAGE FREE 30/09/2016
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    • Happierdays
    • By Happierdays 2nd Oct 17, 6:30 PM
    • 147 Posts
    • 461 Thanks
    Happierdays
    • #7
    • 2nd Oct 17, 6:30 PM
    • #7
    • 2nd Oct 17, 6:30 PM
    Good luck. .. you will get there.
    • HairyHandofDartmoor
    • By HairyHandofDartmoor 2nd Oct 17, 8:19 PM
    • 2,269 Posts
    • 10,919 Thanks
    HairyHandofDartmoor
    • #8
    • 2nd Oct 17, 8:19 PM
    • #8
    • 2nd Oct 17, 8:19 PM
    You've had some great advice. I dont think Step Change will turn you away if you explain the circumstances.

    I hope you get something sorted out soon
    My Diary http://forums.moneysavingexpert.com/showthread.php?t=5716867
    Debt in July 2017 = £58,766 DEBT FREE 31 October 2017
    NEW GOALS - Build an Emergency Fund & Loss of Income Fund
    Emergency Fund 1 = £818/Emergency Fund 2 = £203.76
    • datlex
    • By datlex 2nd Oct 17, 10:57 PM
    • 1,456 Posts
    • 1,236 Thanks
    datlex
    • #9
    • 2nd Oct 17, 10:57 PM
    • #9
    • 2nd Oct 17, 10:57 PM
    I'm lovely people - I'm screwed and need serious help.

    I've been on a DMP with step change for about 4 years - they have been great but I stupidly got more credit due to a change in circumstances and now I'm sinking again. It's my understanding that step change will stop dealing with me if I tell them so I guess my only option is to look for another DMP elsewhere and stick with it. Can anyone recommend someone. I feel like a complete idiot for doing this to myself again and need to sort this. I have to pay more than I earn everyone month so the borrowing is now spiralling and I need to start again. Please help
    Originally posted by Sinkinginloadsofdebt
    I saw your second post and I am perfectly sure you are lovely. Everyone in here is it is obligatory :-) I think rather than a new DMP you need to review what is not working with the first one. Where are you spending more than you thought you would for example.
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