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DMP and interest
Paultiger
Posts: 1 Newbie
Hi, new registration, although I have been snooping for some time. Im on a DMP with payplan. This ends Sept 2011. Ive been on it for 3 and half ish years so far.
Most companies have stopped interest except Barclaycard who continue to charge a smaller APR and HSBC who combined my od and loan into a managed loan.
Also Egg who have dumped aload of charges on and bounced to debt collector only recently. boo.
Does anyone have any experiance of being at the end of a DMP, payplan say they will write and request interest tobe written off. I doubt the creditors will agree. I have written to creditors and they still charge interest. My justabank balance is therefore incorrect but payplan are happy with this?
Also I have been making additional payments to payplan to distribute, should I continue this or prehaps send additional cheques in full to Barclaycard ie the one charging most interest? Snowballing? :question:
Most companies have stopped interest except Barclaycard who continue to charge a smaller APR and HSBC who combined my od and loan into a managed loan.
Also Egg who have dumped aload of charges on and bounced to debt collector only recently. boo.
Does anyone have any experiance of being at the end of a DMP, payplan say they will write and request interest tobe written off. I doubt the creditors will agree. I have written to creditors and they still charge interest. My justabank balance is therefore incorrect but payplan are happy with this?
Also I have been making additional payments to payplan to distribute, should I continue this or prehaps send additional cheques in full to Barclaycard ie the one charging most interest? Snowballing? :question:
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