DMP Mutual Support Thread - Part 7

ianmak

inamess_man wrote: »

thanks for your help

so just saying overcommital was ok in your case?

im thinking i should longer term case would you agree?

sent my repl to capital one today hope they will accept

first payments sent to haliax on new terms tonight feels good

I'm not saying it was ok, but yes, that's what I told them.

And if it is longterm, then tell them that.

bluelewis

just waiting for pay plan to get back in touch ref a dmp.We have set up a safe bank account all accepted but they sent cards to incorrect address so have had to wait for new ones.my problem is payplan have told me to contact all the creditors and tell them were in financial hardship and we will be only able to make a token payment and give them my payplan ref numb,as its too late in month to have wages moved to new account i waqs advised to move as much money as possible to safe account,so my questions are,do i withdraw every possible penny using all my overdraft cancel all direct debits and standing orders and start them as new on safe account,my head is completley fizzed now so confuseed i know a dmp is the correct way for us but im so nervous.we owe in total about £35000
lloyds overdraft £3000
halifax o/d £800
aa personal loan £14000
aa credit card £5200
tesco credit card £3800
debenhams credit card £500
lloyds credit card £1250
rbs credit card £850
next store card £500
Any advice taken on board
i do feel relieved to be finally trying to sort ourselves out but still packing it

joanne2008

bluelewis wrote: »

just waiting for pay plan to get back in touch ref a dmp.We have set up a safe bank account all accepted but they sent cards to incorrect address so have had to wait for new ones.my problem is payplan have told me to contact all the creditors and tell them were in financial hardship and we will be only able to make a token payment and give them my payplan ref numb,as its too late in month to have wages moved to new account i waqs advised to move as much money as possible to safe account,so my questions are,do i withdraw every possible penny using all my overdraft cancel all direct debits and standing orders and start them as new on safe account,my head is completley fizzed now so confuseed i know a dmp is the correct way for us but im so nervous.we owe in total about £35000
lloyds overdraft £3000
halifax o/d £800
aa personal loan £14000
aa credit card £5200
tesco credit card £3800
debenhams credit card £500
lloyds credit card £1250
rbs credit card £850
next store card £500
Any advice taken on board
i do feel relieved to be finally trying to sort ourselves out but still packing it

Hi, i was wondering the same as you seems im at the same stage as you and was wondering to draw the whole overdraft as my money just reduces it slightly.
I feel as worried as you but still it feels good to be getting organised.
Good luck

ianmak

I take what money you can out (the wages at least) and stick them in the new account. I'd imagine it's too late to transfer all the utility DDs over, but give them a ring, they're normally ok about it, and may offer to make a one off payment using your debit card.

Do cancel any Credit Card DDs though, and make token payments of £1 as needed.

Hopefully someone will be along shortly, or tomorrow, I'd stick around but I'm off to bed!

Oh, and a big welcome to both of you! Come join our merry gang.

jasperconran

Well time for an update!

I am sending off all the dmp agreement paperwork to CCCS today and I have to say although I know its the only way forward, I am really nervous about it!

I have tried and tried with our creditors to deal with things ourselves, but its not working and all the stress is all on my shoulders as OH cant cope with anything anymore. The way we were going, we were gonna be in debt for about 12 years! thanks to CCCS and the debt remedy, we will be debt free in 5 years:j:j

I am trying to get another job so hopefully might be able to bring that down even more.

I do have one question though, how long does it take to set things up? and I will I need to make the payments CCCS recommended for December?

Sorry for all the questions, but this is all new for me!

thanks

Wanna_B_Debt_Free_Free

Hi All, I hope everyone is well and not panicking about Christmas too much!

A few updates from me and query if anyone can help.

Firstly after receiving good news from HSBC regarding accepting reduced payments I noticed they required the money quite early on in the month. On looking at other creditors statements (there are lots) I noticed that although my payment goes to PP on the 1st of the month they are not receiving the payment to around the 15th meaning the money would not reach HSBC in time and probably upset them! I contacted PP and the only way around this is to make PP payment earlier, fortunately we are paid on the 25th so I am able to change the date to then and HSBC will get their money in time. I only noticed this by chance so its worth keeping an eye on!

Secondly has anyone been successful in negotiating with Halifax on interest charges? I am currently paying them £80 a month and they are adding £70 in reduced interest! It seems crazy that I am only paying off a tenner! PP said that they have reduced interest so that is a start and eventually will probably hand over to DCA who will freeze interest but until this happens any advice would be appreciated!

Cheers Wanna B:beer:

bluelewis

joanne2008 wrote: »

Hi, i was wondering the same as you seems im at the same stage as you and was wondering to draw the whole overdraft as my money just reduces it slightly.
I feel as worried as you but still it feels good to be getting organised.
Good luck

had some paperwork off payplan today asking me to sighn some paperwork giving them authority to make a start,only problem is they missed my wifes debts off which is 4 creditors
they are phoning me tomorrow to discuss this.
still waiting for cash card from new bank accounts which are barclays and natinwide cant do nothing until i can withdraw money.

2spicy

ooo Letter on the mat from Egg .. They have now sold out £8300 Debt to Apex ... and the new balance of the debt is ... £8700 !!! .. not going to argue where the extra £400 has come from, suffice to say weve only paid them 1/4 of the monthly payments since we started the DMP so the extra £400 on the total balance is a drop in the ocean !

Onwards and upwards.. I wonder fi these are going to play happy or fight dirty ... SOA letter drafted and ready ...

joanne2008

bluelewis wrote: »

had some paperwork off payplan today asking me to sighn some paperwork giving them authority to make a start,only problem is they missed my wifes debts off which is 4 creditors
they are phoning me tomorrow to discuss this.
still waiting for cash card from new bank accounts which are barclays and natinwide cant do nothing until i can withdraw money.

I received my halifax card yesterday and pin today :jhave transfered most of my dd now to new account and my benefits etc to new account apparently can take up to a month Had to leave Standing Order for rent and dd for electricity as so and dd due to come out in next couple days.
Have my cccs pack ready to be sent was waiting for my card to come through so am sending that tomorrow.

ianmak

2spicy wrote: »

ooo Letter on the mat from Egg .. They have now sold out £8300 Debt to Apex ... and the new balance of the debt is ... £8700 !!! .. not going to argue where the extra £400 has come from, suffice to say weve only paid them 1/4 of the monthly payments since we started the DMP so the extra £400 on the total balance is a drop in the ocean !

Onwards and upwards.. I wonder fi these are going to play happy or fight dirty ... SOA letter drafted and ready ...

I would check to see what the balance was when it was sold. Sure the DCA aren't supposed to add extra on?