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Self employed DMP

thewad
thewad Posts: 348 Forumite
Part of the Furniture 100 Posts Combo Breaker
What are the subtle differences in a DMP for someone like me who is self employed?
You can't do the Debt Remedy Plan if your SE on the CCCS site you have to ring them.
I have £750 a month averaged out over the year spare to pay into one, I owe £80,000 would this be acceptable?
I would also probably be able to pay a lump sum as well at the end of each year subject to work picking up to pre recession times.
Just need answers to these before I pick up the phone and commit.
Thanks in expectation.

John
If God didn't want us to eat animals, why did he make them out of meat. :beer::beer:

Comments

  • Charco_2
    Charco_2 Posts: 1,677 Forumite
    Those kind of figures even out to about a 8 or 9 year DMP which would be fine i'm sure - a bit longer to allow for interest and charges to be frozen.

    I'd say the only difference between a DMP and a DMP for a self employed individual would be verifying the income - perhaps a little bit of sorting out the ta issues too, but not much!
    Would you ask the wolves to look after the sheep?
    CCCS funded by banks
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