DMP Mutual Support Thread (Part 6)

rachaelfleur

Ha ha, that's great. Where can I get one :rotfl:

rachaelfleur

DevonGirl wrote: »

Hi Rachael

If you have a Samsung you can use their 'block number' facility to stop LTSB getting through. Unfortunately I have a sony phone as I went PAYG as part of my DMP and (with Orange at least) I'm told that they don't have this function.... Sure other posters will correct me if other networks/phone types have different rules. Ring customer services to find out if you can do this.

There's a new 'mobile phone directory' being set up that you can opt out of, but obviously a bit late for the cheery team at LTSB!

My home number is definately not in the directory and I did sign up to opt out of the new mobile phone one but obviously not quick enough. I'm going to phone both my mobile and home provider and see if they can do anything about it.

It's got to the stage now where I answer and hang up so they can't even leave a message. I've told them in many previous letters that I don't want to be contacted by telephone but they obviously just ignore it. :mad:

scouselad1974

The company that makes this device is Truecall, have a search online it's a cracking piece of equipment.

Paolo_H_UK

Daffykjs wrote: »

Surely they can't argue if your payment is over can they?? Bet they do tho!!! What have your CCCS said about it? maybe you should just not send the letters to them about the DMP and just let that amount be paid. it's not like you need them to accept a lower payment like normal? probably too late for this tho i assume! and just a thought! best to ask CCCS I'd say!

Thanks for the reply Daffyjks. I think, that because when you are on a DMP all creditors have to be included and consequently paid pro-rata. If I was paying less, then maybe it would ruin the DMP??? Anyway, I'll see how it goes. They probably won't default me or cancel the account.

kew63

Toffee_Penny wrote: »

However just a word of advise, we too were told 'bankruptcy' was our only option (we owed just over 50k) however I did research bankruptcy and found it isn't quite as easy as made out to be. Firstly if you are unemployed then things are pretty straight forward however if you are working then I am pretty damn sure you will have to make somekind of contribution to your creditors!

By declaring yourself bankrupt you are saying you have nothing left to pay; no income or no assets to use to pay your creditors. I doubt you will be able to continue working 'raking wages in' and living in your own house whilst wiping your whole debt off. It all sounds so final and I don't think CCCS or the like really explain in detail to people what bankruptcy actually means and how it will affect you in the long run.

We're going for Bankruptcy over DMP or IVA for the simple reason with DMP we could pay every penny we can to creditors and in 5 years time when OH has built up a beneficial interest in my house (doesnt have one at the mo) one of the creditors could take into their heads to put in a charge on the house.

BR also is more lenient with your expenditure and any surplus that you do have isnt all paid to your creditors, we're probably looking at 50-70% of our surplus. If surplus less than £50 they dont both to do a IPA.

If we cooperate with the official reciever, which we will be, then the BR could even be discharged in less than a year, at which point we can start improving the OH credit rating. It stays on for 6 years but you can take steps to improve it well before then.

With all the dept options you have to find the one that suits your particular needs. If CCCS isnt giving you the info you need, try the CAB or National Debtline as well. We went to an Insolvancy Practioner as well as all the others.

BR is scarey but for us it makes sense and a way forward and a fresh start, and definately read the BR forum on here, some great stories and lots of advice and help

All the very best to you & fingers crossed

mozzyc

Hi

I've got a question to everyone out there, and would really appreciate some feedback -
We've been on a dmp with payplan since 2005, finishing march 2011(hopefully, if all extra charges/interest are dropped). We owe about
We pay £672 a month, so don't have much left at the end of the month (London rent is sky high!), and are both in our 30's.

Has anyone put off having a family because of there situation - waiting until the dmp has finished?

This has been the hardest sacrifice for us, and our biggest regret with getting into debt.

If not, how does everyone cope with the added costs of a baby?

Thanks everyone

MRSG2B_2

mozzyc wrote: »

Hi

I've got a question to everyone out there, and would really appreciate some feedback -
We've been on a dmp with payplan since 2005, finishing march 2011(hopefully, if all extra charges/interest are dropped). We owe about
We pay £672 a month, so don't have much left at the end of the month (London rent is sky high!), and are both in our 30's.

Has anyone put off having a family because of there situation - waiting until the dmp has finished?

This has been the hardest sacrifice for us, and our biggest regret with getting into debt.

If not, how does everyone cope with the added costs of a baby?

Thanks everyone

Sorry I can't help with this, but I'd be interested to know too....I don't want to wait 5-6 years to start a family (it'll be this long if DMP had its way) - I know there are some people on here who have done it, be good to hear how they managed. Good luck xx

frankfish

Daffy

A DAS is a Debt Arrangement Scheme, I think it only applies in Scotland, and is a more formal DMP, when accepted it means all interest is frozen and your assests can not be touched, as long as you keep up the agreed payments.

The redundnacy will be about £12K once I have paid off car etc, so was planning to use it to reduce the loans

Ta

Daffykjs

MRSG2B wrote: »

Sorry I can't help with this, but I'd be interested to know too....I don't want to wait 5-6 years to start a family (it'll be this long if DMP had its way) - I know there are some people on here who have done it, be good to hear how they managed. Good luck xx

Same here! We're still undecided whether we want a family but I'm leaning towards 'one day' but by the time we're debt free (all staying the way it is now) I'll be 37!! Eek!

I have seen that there is areas in the income and expnditure sheet for things but i have no idea if this is enough (I doubt it somehow) and i assume all 'first time' things that you'd need to buy aren't included in that! (I've recently found the wonders of freecycle however, and there is always loads of baby/kids stuff offered on there)

Daffykjs

frankfish wrote: »

Daffy

A DAS is a Debt Arrangement Scheme, I think it only applies in Scotland, and is a more formal DMP, when accepted it means all interest is frozen and your assests can not be touched, as long as you keep up the agreed payments.

The redundnacy will be about £12K once I have paid off car etc, so was planning to use it to reduce the loans

Ta

Oh I see! well at least one of your loans in under that amount isn't it? I would assume it would help greatly to at least pay that off! then either put the rest towards the other two, or save it for emergencies (or both!)