Dmp

stephy110288

Hi,
I'm in about £11,000 of debt and currently in a debt management plan. I'm not with any of the charities and before everyone has a go at me for using a company that charge me... my reason is that the CCCS did not think i should have a DMP because most of my income is my student grants. Everytime i spoke to someone they would be pushing me to go bankrupt. This is not what I want. Also, between each appointment I would have to wait a few weeks before i could speak to someone again. With the company that i use, they had my plan set up within days, and i can speak to someone as soon as i pick up the phone. i know they are making money from me, but so far i have been happy to pay it as it stopped the harrassment and the letters etc. i have been able to sleep for the first time in years
anyway thats not what my post is about.
i'm about to move house in april, out of my parents house and in with my partner. i have been considering cancelling my dmp plan and setting it up myself, so obviously i am paying back more debt as I'm not paying anyone else to deal with it. the reason i dont want to do it till i move house is because i was always scared of my parents seein my post and me puttin them in an early grave if they knew how much debt i was in.
has anyone managed their own debt management plan? How do you go about it and how easy are the creditors to deal with about doing this yourself?
my creditors are-

HSBC (Metropolitan)
Mint (Newman)
Egg (direct and legal services)
MBNA
Halifax
Wescott

any advice much appreciated
thanks

mozzyc

Hi

Bumping you up! Coz i know a few people have done this themselves. I myself am with Payplan. Also try posting in the dmp mutual support thread on this forum. Goodluck

mozzyc

Hi

Have copied your post to the dmp mutual support thread. have a look there
http://forums.moneysavingexpert.com/showthread.html?t=1735087&page=191

WASHER

£11K of debt isn't huge. Are you still a student.

I'm not surprised the company you used were keen to set you up on a DMP, you are paying them. I would take the advice of Payplan (free to use company).

Many people do manage their own DMPs, its not easy, you have to prepared for the phone calls and letters etc.

Does your partner know of the debt?

stephy110288

payplan also just tried to tell me my only option was to go bankrupt, even though i have around £200 spare cash a month because i'm not a lazy student i still work 20+ hours a week and 40+ in the holidays, they dont like it because half of my income is student loans and grants. im prepared for the hassle of gettin it set up, and my partner knows every detail of my debt, i just wondered how difficult anyone has found it especially with those creditors as i know the metropolitan can be really evil when u try to speak to them urself!