DMP Mutual Support Thread (Part 5)

Daffykjs

Eupho wrote: »

Is there somewhere on-line I can write and save my SOA?

I have it all on paper pad at home so far. I'll like to be able to see it all on-line if poss?

is this any good? not sure if this is what you mean or for that matter if you can save it online but i know you can do it electronically and save it on your computer.

http://www.nationaldebtline.co.uk/england_wales/budget_sheet.php?country=england_wales&time=monthly

not sure about the change over time but I would think stopping them as soon as possible is best if it's not too late. think it's too late to change your next pay so you might want to take out the extra as soon as it goes in and leave in what's needed for essential bills. not very good on advice for this part tho as i don't think i did it right myself! (hadn't found this place at that point for advice! )

also pp will do their own SOA as they have different rules than what you might have used! when it's done tho it will be put on your internet thing that they set up for you for you to easily see and change!

anyhelptaken

Sorry to be a pain, but does anyone have the address for HSBC credit card, have got to send of my £1, but have managed to chuck away the payemnt enevelope and have scoured the paperwork and they do not give an adress.

MBNA have declined my payment offer, they are the first i ahve heard from my 11 (yes 11 creditors) just waiting for the rest now, from reading this forum though i know to just keep going and keep my chin up.

:T

moneybuster

northern rock have been busy sending me letters, they sent one demanding i pay the same day they go my token payment letter, i feel i am going to have trouble with these, anyone got any experience of northern rock and they debt collecting



MB

Eupho

Daffykjs wrote: »

is this any good? not sure if this is what you mean or for that matter if you can save it online but i know you can do it electronically and save it on your computer.

http://www.nationaldebtline.co.uk/england_wales/budget_sheet.php?country=england_wales&time=monthly

not sure about the change over time but I would think stopping them as soon as possible is best if it's not too late. think it's too late to change your next pay so you might want to take out the extra as soon as it goes in and leave in what's needed for essential bills. not very good on advice for this part tho as i don't think i did it right myself! (hadn't found this place at that point for advice! )

also pp will do their own SOA as they have different rules than what you might have used! when it's done tho it will be put on your internet thing that they set up for you for you to easily see and change!

Thanks for all that Daffy :beer:

rainman31

Crisp_£_note wrote: »

Hi Yes I have switched bank accounts for money coming in (which I have already reduced as muh as I can so far) but left all DD and bill payments going out of my 'old' account, I just make sure I go and put in the right amount of cash for each following week on the Friday before.

I haven't been offered a DMP or any further help by CCCS as I have more going out than I have coming in at the moment. So I am on my own from here. :eek:

£1.50 charge for Postal Orders? Are you meaning that would cost an extra £6 to pay 4 £1 tickets, or £1.50 for all 4 x £1 tickets?

Thanks for replies so far

Are you going it alone? then you need to take ALL creditors into account. If you only do it for the cards they might kick up a fuss as your loans etc.. are being treated preferentially. They will see this if they look on your credit file.

It's 50p for each £1 order so 4x1.50 is £6 for 4

Lump all your creditors together and sort out pro-rata payments, meanwhile whilst you are doing this send token payments.

thatcherschild

HAPPY DMP to everyone who has started today!!

We've started ours today and I've just started to call round all the creditors to make sure everything's on the system and I was DREADING it, but my first call was Virgin (MBNA) and without any hassle, it's all set up, no charges, no interest and wished us well!!

Next and Halifax on the other hand........ but hey, I'm happy.

Hope everyone else is doing well?

nailer_man

Toffee_Penny wrote: »

We are looking at 2022 now (was 2023 but slowly slowly wins the race ), I hope by the end of our ppi reclaims we will knock a few more years off and look forward to being fully debt free in 10 years if we continue to pay the same DMP payment. Hopefully if OH work picks up we will be able to pay a bit more reducing the years even more.

I hate the fact that our debt free date it is that long away too BUT we have to stay positive and keep asking ourselves what our debt free date would be prior to the DMP? for instance OH was paying £300 to MBNA every month and was only paying off £1 :eek: yep one whole quid was coming off his bill due to excessive interest, ppi and extra charges on the account. Now we pay £300 on our DMP and it is making a difference to the debt whether a creditor gets £5 a month or £50, it IS coming off our total debt.

Our debt free date might be ages away yet but we no longer worry so much over debt, well ok the creditor letters might annoy us but we don't have to hide the bills in the drawer hoping somehow there would be a miracle payment in the bank to pay them

5, 10 ,15 years, it doesn't matter when you look back at how you were living or should I say trying to live every month, living hand to mouth just to pay cards and loans that just got on top, lying to yourself that you didn't have a problem with money and the credit you had simply got out of hand.

Anyway it's not all bad if we didn't spend all that money we wouldn't have met on here. Not just anyone can come on here and join our secret club you know :rotfl:

Joking aside I would rather have 10 years of debt on a DMP than go back to how things were

Just how i have felt about the whole credit thing. You keep thinking about the bill arriving, how can it be paid...... it can't........ yet when you find the inner strength to sort all of the creditors out, you do eventually worry less about debt, you become more positive, balances reduce, letters stll p**s you off, but you are winning.

Thanks for this positive, honest post. I CAN RELATE TO EVERY WORD OF THIS YOU HAVE WRITTEN!!

Take care, good luck.....

susieanne

hi i wondered if someone could help with a question i have, i am with CCCS everything is running ok at present but i want to do the DMP myself , (long story but i would prefer to do a self DMP) will creditors know that im not with CCCS or just as long as they have money going into my counts does it not matter whether the money is coming directly from me or CCCS .?i will pay my creditors the same amount of money that i was paying them with CCCS. I just wondered if anyone had encounted any problems when going it alone .

charliedavis

Hi Susieanne, I know I prefer to have the CCCS dealing with my creditors as I feel it looks more like I'm "serious" then. They don't charge anything either to help, and they've been very good with my husband's CCCS plan to date. Is there any reason you don't want to use them? Just curious! Sorry I cannot answer the original question, I'm not sure, not heard of anyone going alone.

boot13t

Good morning,

I was wondering what folks dealings with Vanquis are in terms of charges / interest when you've entered into a DMP arrangement. I received a nice statement this morning and they have lumped over 120 quid onto the balance.....:eek:

Is this typical?

cheers......enjoy the sun :beer: