making DMP overpayments?

pinkie_pie

I'm hoping to increase the amount I'm paying on my DMP, however I was advised against it by CCCS counsellor as they said unless it's a regular increase I can commit to (it's more little moneysaving things to add up eg NSDs) then not to do it as the creditors have to keep re-agreeing payments etc.

Is there a way around this? I was thinking if I saved the money off to pay an entire debt off each time... then the money that's currently in DMP can be redivided more permanently?

Deep_In_Debt

Hi
As CCCS say, it's best not to make random extra amounts as creditors can get nasty and expect it all the time. I've got the T shirt!

Save the extra money and then you will be in a position to make full and final settlements.

Exactly as you say, if you clear off a debt, the money will be re-distributed so therefore your existing creditors will be receiving more.

lxpeanut

I agree its what I am planning on doing. Open an ISA and put any extra money you get (or save) in there. I get sometimes have standby pay and overtime so anytime I have that extra money it will go into the ISA and hopefully start to add up so I can make full and final settlements.

pinkie_pie

Thanks as i figured, but wanted to confirm