DMP v SELF ASSESSMENT PRO RATA

PUREHOMES

Is the only difference that on DMP, CCCS or the like look after all your affairs?

Is there any major difference, pros or cons between them?

Thanks in advance

DarkConvict

The benefit to using a charity like National Debtline, CAB, CCCS, (PayPlan (non charity but free)) etc.
Is they manage everything for you, they will get in a budget from you. Basically you pay them £x per month and they dish it out to your creditors for you pro-rata. They will deal with most letters on your behalf. Lots of support here.

The only advantage to a self-admin DMP really is control, if you are happy to do so and confident to make all those single payments on time without fail and personally deal with all the letters you may prefer it. If you are aware of how CCA requests work you can decide what to do here, in a CCCS DMP they will force you to pay them or stop the DMP. With F&F offers there is little difference between them.

Both suffer from creditors kicking up a fuss, although they tend to be more agreeable on a charity managed DMP. With regards to any court action, you must always deal with it yourself, other companies will just have you admit the debt. But if on a charity DMP the judge will see you got professional help already from the right people, might sway more in your favour here.

Either way the charities will give telephone support when you need it.

Unless you are financial confident to deal with it, or really need to tweak the DMP for a reason, I would use a charity to manage the DMP for you.

PUREHOMES

Much appreciated.

CCCS it is then!