Advice re self managed DMP

JWM

Caroline73 wrote: »

What don't yu do a SOA?

Already have thanks, the advice was great

Imani

some lenders do dmp's. they will ask for the info you gathered and providing all the figures add up, like surplus or deficit they can be helpful.

with your dmp..check that your expenditure does meet the bba guidelines. it does not have to be an exact match though areas which if significantly higher will trigger queries are
entertainment
tobacco
mortgage/ rent

if your offers of repayment are pro rata'd that helps too. as a creditor that you owe eg 10k would like more of the surplus than the creditor you owe 5k too.

tried to find a bba guideline but couldnt

hopeless_case_2

hi if it any help as you are so strapped for cash i would pay the card you need to use ask the others for reduced payments for say the next three months (they will usually take 10% of balance) and then you never know your situation may change and you may be able to continue payments.

Gemmzie

JWM,
I hope you don't mind me saying but your light bulb isn't quite there yet.

You said on your previous thread that you reduced your mortgage by £300 to meet your minimum repayments and now you are unable to meet them again - has your debt still been increasing?

You need to sort this problem now, it's only going to get worse otherwise. Sorry.