DMP Mutual Support Thread - Part 7

SHELLSHOCK

I'm happy!

Just grabbed the chance of 10 hours overtime this week! Yay! That will help kickstart my "emergency fund" that has taken such a battering this month!

Squirrel29

Hi all, not posted for a while. Have made two payments to Payplan so far and everything strangely quiet on the creditor front. Had 3 defaults but I know it's best to get them in early stages so not worried. Had a statement from
m & s credit card. They've charged £20 interest, is it worth sending the please stop interest letter? Apart from that, everything ok. I've had a few social invitations this month and have had to turn most down what with paying out car tax etc, but saying 'no' gets easier!

antk4

Well finally got a statement from lloyds cc today. They seem to be accepting DMP as interest has been reduced a lot and we've had no fees added. Going by what I've read oh here I'm taking this as good news.:j

MoneysTooTightToMention

Squirrel29 wrote: »

Hi all, not posted for a while. Have made two payments to Payplan so far and everything strangely quiet on the creditor front. Had 3 defaults but I know it's best to get them in early stages so not worried. Had a statement from
m & s credit card. They've charged £20 interest, is it worth sending the please stop interest letter? Apart from that, everything ok. I've had a few social invitations this month and have had to turn most down what with paying out car tax etc, but saying 'no' gets easier!

me too finally answered the phone to LLoyds TSB and they were fine, took my BDL ref number:j

MoneysTooTightToMention

antk4 wrote: »

Well finally got a statement from lloyds cc today. They seem to be accepting DMP as interest has been reduced a lot and we've had no fees added. Going by what I've read oh here I'm taking this as good news.:j

Thats good news I hope I have the same result, have several things with LLoyds:o

MoneysTooTightToMention

ianmak wrote: »

Two Noobies, a big welcome to you both. Please stick around, as I say to everyone, I hate giving these numbers out and then they disappear without trace...

tired mum 415
MoneysTooTightToMention 416

Thanks:j, think Ill be sticking around

happytimesahead

Hi everyone, i'm a newbie in need of a little DMP advice - so please be gentle.

I'm in the process of getting my DMP with CCCS all set up, but i just wanted to check afew things:

It says i need to contact my creditors with the template letter - (my creditors being Natwest, Barclaycard and Tesco) is there a certain department i need to send the letter to? Natwest i have a loan, overdraft, and credit cards with so do i need to send three letters to each relevant department or will just one to natwest do?

Also my natwest loan repayments come out of my current account automatically each month - once Natwest are informed about the DMP will the direct debit automatically be cancelled to be replaced with the DMP payment? Or should I have to cancel the payment some how?

Hope these arent too silly questions - I'm just not the smartest person when it comes to these things!

Thanks for any advice!

antk4

We sent template letters to all our creditors even though some are with the same company. We used the address on statements and sent letters there. You will have to cancel all your direct debits or they will continue to take money out. Hope this helps.

donewithcredit

happytimesahead wrote: »

Hi everyone, i'm a newbie in need of a little DMP advice - so please be gentle.

I'm in the process of getting my DMP with CCCS all set up, but i just wanted to check afew things:

It says i need to contact my creditors with the template letter - (my creditors being Natwest, Barclaycard and Tesco) is there a certain department i need to send the letter to? Natwest i have a loan, overdraft, and credit cards with so do i need to send three letters to each relevant department or will just one to natwest do?

Also my natwest loan repayments come out of my current account automatically each month - once Natwest are informed about the DMP will the direct debit automatically be cancelled to be replaced with the DMP payment? Or should I have to cancel the payment some how?

Hope these arent too silly questions - I'm just not the smartest person when it comes to these things!

Thanks for any advice!

Hi, we too are just starting on a DMP with CCCS. I too was confused about where to send the letters. In the end i just sent them to the addresses on the statements. We have three debts with santander and i sent them individual letters. Dont know if this was right as we are still wating for replys. Hope this helps and good luck

ianmak

happytimesahead wrote: »

Hi everyone, i'm a newbie in need of a little DMP advice - so please be gentle.

I'm in the process of getting my DMP with CCCS all set up, but i just wanted to check afew things:

It says i need to contact my creditors with the template letter - (my creditors being Natwest, Barclaycard and Tesco) is there a certain department i need to send the letter to? Natwest i have a loan, overdraft, and credit cards with so do i need to send three letters to each relevant department or will just one to natwest do?

Also my natwest loan repayments come out of my current account automatically each month - once Natwest are informed about the DMP will the direct debit automatically be cancelled to be replaced with the DMP payment? Or should I have to cancel the payment some how?

Hope these arent too silly questions - I'm just not the smartest person when it comes to these things!

Thanks for any advice!

Unfortunately if you have a loan with the your bank, then they can use offsetting to continue to take the loan payment from your account.

Have you setup a new basic bank account to pay your wages and transfer your direct debits over to? This needs to be with a bank with whom you have no ties.