Without a paddle... support for anyone starting a DMP in 2010 (part2)

newbeginning_2

Unfortunately not, but I'm not really that bothered TBH, It's just cheered me along to know that they probably will accept if/when I am in the position where I can offer for F&F.

mikon

Hi everyone

Had a bit of a sick feeling day today. I have sent letters and token payment to all of my creditors I rang a couple of creditors Argos and Northern Rock about the DMP. NR were quite understanding and informed me that charges and interest cannot be frozen until CCCS contact them. ARGOS listened to what I had to say and again said they cannot freeze interest or charges until DMP agreed they both asked me to get a letter of authority to them stating that CCCS can speak on my behalf. Both offered me there in house financial debt service and possibly reduction in payments for 6 to 12 months but I told them I would follow CCCS DMP. I also asked both creditors to remove my telephone number from my account/records. Argos responded by telling me that they do not pester people as they know you cannot pay so what is the point NR made a note so hopefully that will help.

One final note is what is Lower Debt Management Plan what is the difference between a DMP and a Low DMP.

Feeling pretty down and sick tonight. I just hope I have done the right thing.

2 down 8 to go.

Mikon

Debt free in 9yrs god how long does that seem. I hope everything goes to plan.

Albiebabes

newbeginning wrote: »

Unfortunately not, but I'm not really that bothered TBH, It's just cheered me along to know that they probably will accept if/when I am in the position where I can offer for F&F.

Hi newbeginning,

Sounds very positive from Carp One! Its great to hear postive news!:T

Albiebabes

mikon wrote: »

Hi everyone

Had a bit of a sick feeling day today. I have sent letters and token payment to all of my creditors I rang a couple of creditors Argos and Northern Rock about the DMP. NR were quite understanding and informed me that charges and interest cannot be frozen until CCCS contact them. ARGOS listened to what I had to say and again said they cannot freeze interest or charges until DMP agreed they both asked me to get a letter of authority to them stating that CCCS can speak on my behalf. Both offered me there in house financial debt service and possibly reduction in payments for 6 to 12 months but I told them I would follow CCCS DMP. I also asked both creditors to remove my telephone number from my account/records. Argos responded by telling me that they do not pester people as they know you cannot pay so what is the point NR made a note so hopefully that will help.

One final note is what is Lower Debt Management Plan what is the difference between a DMP and a Low DMP.

Feeling pretty down and sick tonight. I just hope I have done the right thing.

2 down 8 to go.

Mikon

Debt free in 9yrs god how long does that seem. I hope everything goes to plan.

Mikon,

I sooo feel for you and sending you a big:grouphug:

I feel exactly the same... after all the research and umming and arring, I finally bit the bullet but feel el sicko as well and a bit down but with the help of all these wonderful people, I'm sure we'll make it through!:D

Re the low start dmp, I noticed that on the CCCS website debt remedy...have you managed to call them to discuss your concerns re "terminology"? If it helps, CCCS website offered me a low start dmp.

newbeginning_2

mikon wrote: »

Hi everyone

Had a bit of a sick feeling day today. I have sent letters and token payment to all of my creditors I rang a couple of creditors Argos and Northern Rock about the DMP. NR were quite understanding and informed me that charges and interest cannot be frozen until CCCS contact them. ARGOS listened to what I had to say and again said they cannot freeze interest or charges until DMP agreed they both asked me to get a letter of authority to them stating that CCCS can speak on my behalf. Both offered me there in house financial debt service and possibly reduction in payments for 6 to 12 months but I told them I would follow CCCS DMP. I also asked both creditors to remove my telephone number from my account/records. Argos responded by telling me that they do not pester people as they know you cannot pay so what is the point NR made a note so hopefully that will help.

One final note is what is Lower Debt Management Plan what is the difference between a DMP and a Low DMP.

Feeling pretty down and sick tonight. I just hope I have done the right thing.

2 down 8 to go.

Mikon

Debt free in 9yrs god how long does that seem. I hope everything goes to plan.

You have done the right thing, not sure quite where you're up to at the minute I'm afraid, but I'm assuming you're waiting fir the CCCS Welcome Pack?
once you get that there's a letter you can send out to creditor's telling them all about CCCS, and you don't actually have to ring any creditors (I didn't), write to them, that tells them everything they need to know, without adding to your stress levels.

I think Low DMP just means you're paying a low percentage of the total debt as a monthly payment IYSWIM, but don't worry about that for now. The important thing is you're heading in the right direction now

newbeginning_2

Same goes for you to Albie

pure_dead_dopey

mikon wrote: »

Hi everyone

Had a bit of a sick feeling day today. I have sent letters and token payment to all of my creditors I rang a couple of creditors Argos and Northern Rock about the DMP. NR were quite understanding and informed me that charges and interest cannot be frozen until CCCS contact them. ARGOS listened to what I had to say and again said they cannot freeze interest or charges until DMP agreed they both asked me to get a letter of authority to them stating that CCCS can speak on my behalf. Both offered me there in house financial debt service and possibly reduction in payments for 6 to 12 months but I told them I would follow CCCS DMP. I also asked both creditors to remove my telephone number from my account/records. Argos responded by telling me that they do not pester people as they know you cannot pay so what is the point NR made a note so hopefully that will help.

One final note is what is Lower Debt Management Plan what is the difference between a DMP and a Low DMP.

Feeling pretty down and sick tonight. I just hope I have done the right thing.

2 down 8 to go.

Mikon

Debt free in 9yrs god how long does that seem. I hope everything goes to plan.

Mikon

that all sounds positive, of course they won't stop interest until CCCS contacts them and usually until they have received the first payment. They just want to make sure that you really are going on a DMP and not just saying you are to get them off your back. So a good start and positive conversations. CCCS will send the authority to them and also all the info you need to get started. The letters you send are just to get you in the holding pattern so that CCCS can act on your behalf and they send everything electronically so it is quick. Low start DMPs are just that, as the time goes on, hopefully your income will increase and you will be able to pay more or offer F&Fs thereby increasing payments to the non F&Fed creditors. So chin up, have a wee drink and think positive thoughts, its going well.

mikon

Albiebabes

Thank you for the comforting words. I just wish all my creditors agree to my DMP. But I know that is not going to be easy. Then there is the worry of the Debt Collection Agencies.

The reason I ask about the Low DMP and the DMP is that on my SOA if I amend it by £5.00 ie reduce the money available at the end of the month ie £628 down to £623 my debt remedy changes from a DMP to either an IVA or low DMP I just do not understand why?

Thanks Albiebabes once again.

mikon

My next big challenge is Barclays I owe them big time. Overdraft, Loan and Barclaycard so that is what is on my agenda tomorrow.

Thank you all for the heart warming comments it does help me to hear from you all.

Regards

Mikon

mamajojo

:rotfl::rotfl:You've got me laughing now LJM!!:rotfl::rotfl:I think of them everytime I dust my hand-finished mango furniture:rotfl::rotfl: Mee too when I hoover the rug!

Walked into next today...felt like some sort of alarm should have gone off, should have been in disguise etc!! Walked out again very quickly!

CCCS said not to sign the agreement that they were being cheeky - they should have signed agreement already - as PDD sid they are trying to make them enforceable incase we go down that route...also the reduced payment agreement is a different amount on mine to the cccs payment so they wondered if they were trying to make me agree to extra cash too but by dirty means iyswim.