dmp questions

icecube2009

DevonGirl wrote: »

I'd go for the bad month figure! Then you're covered for worst case scenario. In the spirit of Debt Free Wannabe though, I would squirrel away the extra amount OH gets on a good month - put it away in a savings account for an emergency. After 12 months if no emergency has happened and you have a nice little nest egg you can offer it up among all your creditors (CCCS will advice it is offered up fairly and proportionately - spelling?) or perhaps as a Full & Final settlement figure with one of your smaller debts. (I think a figure of 25-55% is normally offered in these cases).

I thought if you were offering a F&F it had to be pro rata's over all the creditors? my debt is £49k if i were to say get £1k from somewhere(I wish!) could I then maybe offer F&F's to a couple of my smaller debts? I didnt think I could.........???

blueye

where do i send token payments and dmp notification? customer service or the address to send payments by cheque ? this is for both credit cards and loans

jillie1974

i sent ours to the address you send cheque payments to.

blueye

had contact from halifax and sounds good so far, they havent recieved my debt managment notification yet so explained over the phone our situation and they have been overly nice to us saying as soon as they hear from cccs they will stop all interest woo-hoo they even asked if there was anything they could do for us (what i dont know). feel loads better now, i just hope everyone else is so understanderble.

jillie1974

hi blueye.
glad things are slowly getting worked out for you. some companies will be great others not so great. just remember as long as they are getting some money on a monthly basis there is not much more they can do. even if they take you to court to get a CCJ, the court will look at your incomings/outgoings and will in some cases settle for a smaller paymnet per month.
this happened to us. we were paying say £30 a month, took a CCJ against me and now we pay £12 a month. if they had left us alone they would have had all their money now!!
Think the worse ones we have are MBNA and GE Money. MBNA always add the interest on and have even charged us late payment fees, even though they know that CCCS make the payments on a set date every month.

blueye

ok bad news from oh work, although he gave new bank details they havent sorted it out and pay is going to go into old bank account lloyds tsb, what do i do we have two loans with them an overdraft and two credit cards he is getting paid on the 26th and they are ment to go out dd on the 28th im too scared to cancel the dd's incase they just take all his wages when they go in, i was planning on going in on the friday and taking all the money out but now worried they wont let me...help

mchllwlkns

If I were you i would cancel the dd's

blueye

yeah but can they take all the money? or stop me from taking it all out i have to pay the mortgage on friday!! also i havent taken that much money out before do i need to let them know that if i want to take around 2k out?

emmiloam

blueye wrote: »

yeah but can they take all the money? or stop me from taking it all out i have to pay the mortgage on friday!! also i havent taken that much money out before do i need to let them know that if i want to take around 2k out?

Hi blueye, can you not transfer it to your new account online?

blueye

could do but it would take to long so wouldnt be able to pay the mortgage on time as it needs paying on the same day the wages go in