Dmp

richard9991

if you have 4 creditors but are managing with 3 ie no missed payments is it possible to put the forth into dmp thanks in advance

rog2

richard9991 wrote: »

if you have 4 creditors but are managing with 3 ie no missed payments is it possible to put the forth into dmp thanks in advance

Are you already on a DMP that the other three have agreed to?

As DMPs are a 'voluntary' agreement, there is no way that you can 'force' the fourth creditor to enter into, or accept, your dmp proposals, but you do need to be both persistent and patient, and, in most cases, they will, eventually, come around.

Is your DMP being managed by one of the Debt Counselling Charities?

If not, I strongly reccomend that you chat with either:

National Debtline 0808 808 4000 www.nationaldebtline.co.uk

CCCS 0800 138 1111 www.cccs.co.uk

or your local CAB

richard9991

no going down that route but no in arrears with three but forth bank unautharised overdraft 5000 managed loan and adding 30 pound charge every month asked for arrangement to reduce this ie temp overdraft to stop monthly charge bank refused never missed payment in 18 months but this months will be missed because they will bounce so as account overdrawn need help quick before phone calls start appointment with cccs thursday

rog2

richard9991 wrote: »

unautharised overdraft 5000 "managed loan" and adding 30 pound charge every month

The dreaded 'managed loan', richard :eek: :eek: . To be honest it will be best to wait till you talk with CCCS on Thursday - I doubt that the 'phone calls' will start before Thursday.
And if they do, jut tell the Bank that you are aware that there could be a problem, and have made an appointment with CCCS on Thursday to seek their advice - the Banking Code allows for dealing with Debt Counselling Charities.

richard9991

thanks rog 2 will see what happens then

richard9991

:T spoken withcccs they are organising dmp scared stiff of ofering 1 pound token payments tho lol

newlywed

richard9991 wrote: »

:T spoken withcccs they are organising dmp scared stiff of ofering 1 pound token payments tho lol

I've been on a DMP with CCCS for over a year. Best financial move I ever made They have been great.

With the token payments all I got was phone calls saying you've missed payment can we have it? Just reply and say no, I'm arranging a DMP with CCCS and will contact you with more details when it is set up. Bye.

They can't take what you don't have

rog2

richard9991 wrote: »

:T spoken withcccs they are organising dmp scared stiff of ofering 1 pound token payments tho lol

Well done for talking with CCCS - and there really is no need to worry about the £1 token payments - CCCS know what they are doing and won't suggest anything that is going to get you into trouble.
You've just made the first step towards 'debt freedom'.
Well done again. :beer: