Bos

michelle45_2

Hi

Just started my self administered DMP, just contacted BOS and offered them a payment for the next 6 months (hopefully everything will be okay by then) the lady I spoke to said she would mark down arrangmeent to pay but couldnt stop charges or interest until they receive my SOA, which I sent on Friday.

Is this response normal, as Im not too sure what to expect from these companies.

Michelle

Tixy

With a managed DMP the organisation managing your DMP always sends out a SOA so I imagine its common practice to ask to see it before freezing interest. They will want to check you are treating all creditors fairly and equitably and that you are not spending on luxuries before paying your debts.

I think its sometimes advised to list your creditors without showing the company name, ie credit card 1, credit card 2 etc. Or some people only provide the total amount of unsecured debt and then the total available for debt repayments and don't break it down any further.