We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Oh My God Cccs Just Cancelled My Dmp!!

2»

Comments

  • ffs
    ffs Posts: 295 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    davek1 wrote:
    rainbowseeker

    CCCS and Payplan are free however they do charge the creditors something so as to finance their work. their is absolutely no charge to you at all. relax and honestly use one of them instead of going it alone. they are so helpful

    Dave

    My understanding is that although they are funded by various financial institutions, they do not charge your creditors directly. Every penny you pay in your DMP goes to your creditors. There is a nominal amount of interest that may accrue in their accounts during the period between your payment being made and their payment to your creditors which they do not pass on, but I doubt this amounts to very much at all.
  • That's fantastic news!
    Mortgage-free wannabe!
  • regarding the littlewoods debt, i have reset an arrangement with them to pay £36 in 3 instalmenets (paid the first one) so 2 payments to go and then i have to send the final statemetnt to cccs, it hasnt been worked into my dmp,i just have to make the 2 payments then prove it! phew that was a close one though ....
  • isgman
    isgman Posts: 490 Forumite
    Glad it's all sorted out, hope that the migrain gets better soon: Chin Up ;-)
    :beer: Keep your Chin up.. it can only get better :beer:
    :confused: I'm one of those people who was born to have money, :confused:
    :confused: but I just don't have any!:confused:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.2K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.