Pay Plan ringing at 1300

moneybuster

got an appointment with payplan at 1300 the women on the phone for the initial interview said in prinicble we could be accepted so we are past the first hurdle, what do you all think the chances of being accepted are ???


Regards Moneybuster

moneybuster

Well past the second hurdle the lady on the phone said we can cover all your debts it will take us nearly 30 years to pay off :eek:


they said we have to have another phone call from then to set everthing up so what happens now ??????? are we accepted could anyone reply as feeling a little lonley here

regards Moneybuster

moneybuster

Bumping out of desperation

angelflower_2

hi moneybuster

Not sure. If it will take that long to pay off, I am surprised they havent recommended you look at IVA or Bankrupcy in which case they will set up things in a completely different way to a debt management plan.

Have you posted up an SOA on here before and could we help at looking at the debt? There will be a link at the top of the page.

Sorry cant help much more without further information

gettingbetter

:wave:
dont have any advice
just wanted to say hi

the experts will be along soon

kas xx

moneybuster

Hi have posted my SOA and everything is cut to the quic the lady said i have 100.24 pounds to put towards my debt


i have a mortgage which i want to protect so no BR as they would take the house.

is 30 years a long time to pay off debts i will be 72 years old:eek:


will all my creditors accept the plan of do we have to get over that hurdle as well.


regards Moneybuster

10past6

moneybuster wrote: »

they said we have to have another phone call from then to set everthing up so what happens now ???????

If you've not already done so, you'll need to give them deatils of every creditor / amount O/S / account number, followed by I&E, best to have all these documents to hand.

moneybuster

10past6 wrote: »

If you've not already done so, you'll need to give them deatils of every creditor / amount O/S / account number, followed by I&E, best to have all these documents to hand.

yes have just done this and the lady said someone will ring in 3 to 5 days to set it all up ????? is it really that easy can not be surely

Regards Moneybuster

10past6

moneybuster wrote: »

yes have just done this and the lady said someone will ring in 3 to 5 days to set it all up ????? is it really that easy can not be surely

Yes it is, the hardest part is riding the storm when it comes from your creditors, your DMP will settle down, just takes time for it to show on the creditors systems.

moneybuster

10past6 wrote: »

Yes it is, the hardest part is riding the storm when it comes from your creditors, your DMP will settle down, just takes time for it to show on the creditors systems.

What can i expect and what do i do to ride the storm i thought i just pointed them in the direction of pay plan and quote my number ??????


or is the next few months the hard bit give it to me straight what should i expect

regards Moneybuster

chocbutton

Hi,

I normally lurk on here rather than reply.

I got a DMP from Payplan 4 years ago - it's the best thing I ever did. The debt was huge and frightening and we had baillifs calling all the time.

I'm not sure if payplan are the best or just ok, but they have been brilliant for us. There was a couple of months at the start where we still received letters from our creditors, but we just passed them onto Payplan. We're still paying it off (and it's not been too difficult to be honest), we don't receive any scary mail and we're planning to up our payments a little.

I think you've made the right decision, no matter who the debt managment company are.

Once you've made your first 2 payments on time, the creditors will leave you in peace.

Good luck