Advice needed!

TWINKLE

Due to the knock-on effects of my September salary being eaten up by my old banks overdraft, I have written to my loan company (£300 left to pay) to ask that they allow me until next week to pay this month's payment. I have also written to Halifax credit card and Leeds BS card requesting to next week to make a payment. I don't know what my chances are of this being accepted, but I have never missed any payments with them before. I have to phone Egg to see if they could change my direct debit date to next week also - don't know what the chances of this would be, although I'm not in any arrears. My old bank are STILL adding on fees upping my old overdraft, even though I have provided them weeks ago with all the details needed to look at freezing these fees under hardship. Maybe they are stalling for time!

Does anyone know if requesting reduced payments or deferment of payment for approx one month is the same as a DMP? I'm just trying to get my head above water again after overdraft fiasco.

I just have to wait on replies from Leeds, Halifax, Loan company and Egg - don't know what the chances are. Have to pluck up the courage to phone Egg first - does anyone know if they are fair??

Any advice greatly appreciated!

gfplux

Make out your SOA and post it here. (link - http://www.makesenseofcards.com/soacalc.html ) This will automatically total the numbers. It can be saved (click on the help) and you can change it every day if you want.
Also read this great post by southernscouser http://forums.moneysavingexpert.com/showthread.html?t=107280
When making out your SOA (Statement Of Affairs) try not to guess at the figures, dig out the paperwork! However remember a partial completed one as a first step is better than none.
It is in fact one of the most IMPORTANT things you will ever do to start on the road to recovery.
If you want a lot of help on this forum, posting your SOA is the first and most important step. After it is done it is very easy to keep it up to date.
In my opinion everyone should have an up to date SOA even if you have little or no debt. It is a great tool to manage your life with.
If you post it on the forum answer the obvious questions before they are asked so you get immediate feedback, such as (not all will apply to you:-
If there is “other” Income explain what it is
Mortgage – interest only or not.
What is the age of any children.
Council tax is it over 10 or 12 months.
Electricity and gas any arrears.
Water rates meter yes or no.
Grocery's does this include gambling, booze and cigarettes.
Mobiles, how many and when are the contracts up for renewal.
If no contents insurance is it include with buildings insurance.
If pets cost money, what are they.
House or flat value, has it been valued by an Estate Agent and when.
The more that can explain about the financial figures and circumstances the quicker the post will get advise rather than lots of questions.
When you have posted it and it does not look right or you want to change it, do so and repost it.

TWINKLE

Thanks gfplux - I completed an SoA in August 2009 - can you locate it?

Deep_In_Debt

Deferring your payment by one month is most definitely not a dmp. A dmp is when you make reduced payments to your creditors for some period of time, thus breaking your terms of agreement.

Sorry can't really help.