Starting my DMP on 1st Feb... Anyone want to join me?

true27

tedsd wrote: »

Cheers True, was I right on the asset thing? Is it in case you have a 2nd home you could sell or shares etc?

Yeah, you're on the button mate. If you have "surplus" assets (second homes, third cars etc) then as far as debt management is concerned, its always better to sell in order to pay off debts if possible.

true27

PS I still haven't had a !!!!!!! Fingers crossed for Friday!! How are you getting on with Shadow in the Wind?

nataz

True Um not sure about being sacred, although it sounds pretty good So glad you had an awesome day, sounds like you and your OH deserve it.
So heres a big :beer: to you both and the even shorter road to debt-freedom!!

Lovely to have you on board Jeddy, dont worry about the assets thing, like true said they wont take anything, just makes more sense to use surplus assets to pay off debt.

The Wad/Prof Pat I would just keep mumm on the money front. Best off to have it in a tin under the bad (ooops giving my secrets away :rotfl:) than let your creditors have it. And no, you dont have to declare it. I think I read somewhere that you are entitled to have a rainy day savings as long as you arent saving regularly yourself, as they would prefer you to put this money into your DMP.
Dont worry though, if you have set up a savings account to put monthly money for car maintenance, xmas etc your are allowed to do this. In fact the CCCS person I spoke to even recommended that, as well as having seperate accounts for different things. I have 3 one for food or general shopping, one for petrol and one to keep money in for car, hairdressers, dentist, clothes and birthdays etc. It makes managing my monthly budget ten times easier

Just re-read your post tedsd, wouldn't it be lovely to have a second home... a quite fancy the scottish highlands :drool:

nataz

and stop talking about that book, Im gonna have to go and buy it now :rotfl:

nataz

your such a bad imfluence

Im good thanks, just knackered after spending the past 4 days stuck in with both kids. Darn potty training! Actually going much better than I thought, shes got so many gold stars that I need to do another reward chart. Not sure what shes gonna think when the charts gone and she just has to get on with it! Big day tomorrow though - trousers back on. No more running around in just her knickers

How old fashionbed am I, money under the bed, what next - reusing tea bags !!

Off to have a look at that book, or maybe I should just go to bed

jeddy5

Cheers All!
I feel a lot happier now. It's peaks and troughs at the moment but, you have to keep a smile on your face - you'll go nuts otherwise!

Professor_Pat_Pending

Cheers all, think the £500 is going into the better halfs savings account for now. Hopefully after Paypal call tomorrow, things will be clearer and I will be more chilled.

jeddy5

tedsd wrote: »

Glad you feel better Jeddy5. Yes it's a rollercoaster... have you done the Aldi trolley trial yet?

Aldi trolley trial? Is that like the tesco trolley trial where you drink copious amounts of alcohol and try and get home on it?

kaths101

Hi all

Lloyds - Im panicking!!! Has anyone had their DMP accepted by lloyds??? Im just worried as they havent accepted and are going to continue charging interst and charges!! :eek:
My monthly payment is way below this!! so the final figure is just going to go up and up - I feel like crying :mad:

Only had 2 accepted so far - feel soooo down!

gabriella90

Hi guys

As were all February starters have any you any advice on defaults and Barclaycard i've started a new thread but wondered if any of you were asking the same questions?

Should we ask to be defaulted to it goes on our credit files and the 6 yrs starts ticking straight away?
Does anyone have BC's collections number that don't put me through to the hellish call centre?

Thanks hope the month is going ok. We will get there. xx