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Newbie needs advice. Maybe re DMP?
Undercover_Elephant
Posts: 2 Newbie
Hi everyone.
I am a newbie but I need to sort my stuff out. I've been looking at CCCS and the DMP may be my only option. What is the reality though? Can it be done without partners knowing? Will it affect us if we remortgage in a few months?
Thanks in advance.
I am a newbie but I need to sort my stuff out. I've been looking at CCCS and the DMP may be my only option. What is the reality though? Can it be done without partners knowing? Will it affect us if we remortgage in a few months?
Thanks in advance.
0
Comments
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If you go into a DMP, it will affect the remortgage. You will stil lbe able to get one, but possibly not at the more competative rates.
If you post up a statement of affairs we may be able to offer some advice on how to tackle this. There may be savings you could make that you may not have thought of.
http://www.makesenseofcards.com/soacalc.htmlAfter falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110 -
Oh dear. I don't want my OH to find out but I really don't know what to do. Unsecured borrowing is around £15k I think and I can't quite meet all my minimum payments.0
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When did you last apply for credit?
Do you have a Virgin or MBNA credit card?
The only reason i can afford my minimum payments is because i have transferred to 0% deals and low interest for life of balance cards. Virgin has a minimum payment of £25 from the 2nd month onwards.After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110
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