CCCS DMP and Payday loan pro-rata payment

samthemainman

Hi there - just a quick question re: my CCCS DMP which starts this month. I've had several payday loans (from £250 to £1300) with various companies (inc. PTP, Wonga, PaydayUK) - just wondered why on my DMP the CCCS have entered £1 as the 'monthly contractual payment' and a £5 payment as part of the plan. This seems a really small amount --- does anyone have any idea why it is like this? I'll call them on Monday to clarify, but is this normal?? Most of my other payments to creditors are around 50-75% of what they were - i just can't see DCAs beginning to accept £5 offers....

CCCS have been absolutely superb - i'm just a bit confused by this!

samthemainman

One more thing - have CCCS been known to make mistakes in their calculations? I'm sure its probably right, but if not, how do they rectify if offers have already been made to creditors?

samthemainman

bumping as i'd love this answered over the weekend! :-)

Scottishmummy

Hi Sam

We are with CCCS and have been for over 5 years now. Three of our creditors are getting the minimum payment of £5 and the rest get their proportional amount. I can't remember exactly how it is worked out as it has been so long since we went through all that but one of the £5 payments is to one of our larger debts but the monthly payment to them was smaller so is in proportion to the expected payment I think.

There are CCCS councillors on here - there is a sticky at the top of the page - so you may get a reply from them sooner.

SM