DMP Mutual Support Thread - Part 7

Hopelessly_Hopeful

Bettingmad wrote: »

sunnygirls wrote: »

Im doing one with cccs , and ive got to send wage slips in ,i agree with what your saying but will cccs accept this as his earnings when most of his wage slips show more than basic wage . I would ring to ask them but they are closed .[/QUOle TE]

I would think they will be used to this scenario, the other thing I would be wary of is be realistic with your monthly expenses such as groceries. I notice on here when people are asked to put their SOA up the comments are usually to shave things to the bone. A DMP is a lengthy process and you will need money to live to a reasonable standard through the month otherwise the DMP will be very difficult.There is a sheet available that lists what are reasonable expenses. I have to go out now but will find the link for you when I come back.

Ohh that's news for me. Where can we access this sheet please?


HHx

Hopelessly_Hopeful

Mrs_Trouble wrote: »

Hello everyone, hope you're having a nice Bank Holiday weekend - it's nice as there's no post

My first payment has gone to CCCS on Saturday but I am a bit worried about what to do with a few creditors.

I haven't heard from Mint, Tescos, NRAM but MBNA have accepted. My next payment to them isn't due until

I was due to pay my two Barclaycard cards on 28th April and 3rd May, I thought about trying to pay the minimum so I didn't get a missed payment (stupid I know) but when I logged on to their accounts there was no option to pay the minimum payment and it appeared as if it wasn't even due - does that mean they have accepted?

I am due to pay the minimum payment on 12th May to Santander for £123, my DMP payment of £158 is due to go to them when CCCS send it on 28th - I am worried about a load of phone calls and wonder if I should pay a token payment to BC and Santander until the full one goes or should I do nothing at all?

Any advice anyone??

I agree with Ian. Extra tokens at this stage will not make any difference. Expect some noise initially, it will settle. Come moan here if you need to.

HHx

Hopelessly_Hopeful

marcstephenthomas wrote: »

Hello everyone

I was just wondering if anyone has any experience of switching from a fee charging DMP to a self-administered DMP?

My girlfriend is currently paying around £130pm to a company which takes a £35 fee..this is obviously a ridiculous waste of money especially as her total debt is around £5000 (to make matters worse her payments regularly reach one of her creditors late and she is often charged a late payment fees of £12).

So she is considering doing her own DMP but is scared about what her creditors reaction will be and about them hassling her. To my mind it should be to their benefit as they will be receiving more of the £130 each month because there will be no fee, but in reality I don't know if this will be the case.

Should she just set up standing orders to each creditor and send them her monthly budget and a letter explaining that she will be managing her own DMP in future? Any advice would be appreciated.

Hi

As you're demonstrating to them they will get more money it has to be on your favour. You may get some initial noise just because the computer notices a change, it will settle!

Good Luck

HHx

debtfreewannabe321

Ok so a few updates,

made some phone calls this morning, and in between had one credtior call me after money (:o) So....

ALL my catalogues have agreed to 0% interest and to stop charges, so long as the CCCS get the letters sent out to them. (3 creditors)

Capital One has stopped interest

Vanquis x 2 has stopped interest

Santander CC has agreed to stop interest IF letter is sent out from CCCS this month.

Barclaycard has reduced interest to 6% (will write letter in a month or so to see if we can reduce this more)

Barclays O/D and Loan have both defaulted me boooooo (think they are passing the debt on)

We paid the HSBC & Santander O/D off already so we are 2 creditors less....also we had to add the tax bill on, but they have stopped interest also.

So we've called the CCCS and asked for more letters to be sent out, they said they would...so I will call the creditors next week to see if they have received them. They have also been paying, in error, money to the santander O/D that we have paid, closed the account ,....so we need to go to town and see what is happening there because that money could be getting our other debts down!

So pretty positive...just a case of waiting around now to see what happens!

Has anyone else had problems with the CCCS not sending out letters at the beginnning of a DMP....or could this be a case of the letters getting mislaid at the other end (creditors end) ...because of this I have several defaults & lots of extra charges now !

Thanks for everyone's kind words on here though I really was flapping about this the other day and you all put my mind at ease, so nice to come on here and see that other people are/have been through the same

DFW xx

Hopelessly_Hopeful

debtfreewannabe321 wrote: »

Ok so a few updates,

made some phone calls this morning, and in between had one credtior call me after money (:o) So....

ALL my catalogues have agreed to 0% interest and to stop charges, so long as the CCCS get the letters sent out to them. (3 creditors)

Capital One has stopped interest

Vanquis x 2 has stopped interest

Santander CC has agreed to stop interest IF letter is sent out from CCCS this month.

Barclaycard has reduced interest to 6% (will write letter in a month or so to see if we can reduce this more)

Barclays O/D and Loan have both defaulted me boooooo (think they are passing the debt on)

We paid the HSBC & Santander O/D off already so we are 2 creditors less....also we had to add the tax bill on, but they have stopped interest also.

So we've called the CCCS and asked for more letters to be sent out, they said they would...so I will call the creditors next week to see if they have received them. They have also been paying, in error, money to the santander O/D that we have paid, closed the account ,....so we need to go to town and see what is happening there because that money could be getting our other debts down!

So pretty positive...just a case of waiting around now to see what happens!

Has anyone else had problems with the CCCS not sending out letters at the beginnning of a DMP....or could this be a case of the letters getting mislaid at the other end (creditors end) ...because of this I have several defaults & lots of extra charges now !

Thanks for everyone's kind words on here though I really was flapping about this the other day and you all put my mind at ease, so nice to come on here and see that other people are/have been through the same

DFW xx

Wow, well done!

How I see it no one is going to fight your corner better than you so don't just rely on CCCS.

HHx

PXE35

Hello from a very, very nervous newbie

I have just started a DMP with Payplan as i have tried for the last 7 months to manage arrangements with my creditors on my own and it's just become too much for me.

Part of me feels like a weight has been lifted but i'm just petrified it won't work out, especially as i had a total earbashing from Mackenzie Hall today that left me in tears

Any words of wisdom would be fantastic.

Thanks

MissPriss

It will work out - it can't do anything else. They can't take money from you that you don't have. Honestly. Just hang in there, hold your nerve, and don't let anyone bully you. Nobody, especially Mackenzie Hall should be harassing you to the point that you are in tears. You're trying to sort things out - you are taking responsibility and you should feel proud of yourself. I promise that you'll wake up one day soon and feel that weight is gone from your shoulders. There are more important things in life to pay attention to - let Payplan do the leg work, you make the regular payments, keep up your end of the bargain and get on with your life. Don't spend it hiding, life is for living. I'm still in the first phases of my plan - haven't even heard back from the debtline yet, but have suspended payments, filled out all the forms, made the phonecalls. Panicked, big time. I don't think I can panic anymore now, so I've entered a zen-like peace about it. Hope you can get there too. Look how many people on this forum are on DMP's, it must work.
Not really words of wisdom, but I hate the idea of people being bullied and I hope you are feeling a bit better now.

MP

Twit_Head

Hopelessly_Hopeful wrote: »

Wow, well done!

How I see it no one is going to fight your corner better than you so don't just rely on CCCS.

HHx

I agree with you HH. CCCS are brilliant but it's your money, your debt, so be pro-active with your creditors.
debtfreewannabe321 - Often creditors will state letters are received in the 'wrong' office, by the 'wrong person', 'not received' or received 'too late.' This is usual at the start of a DMP. Just send 'em again recorded (so you have proof)

'Twitty'

Twit_Head

PXE35 wrote: »

Hello from a very, very nervous newbie

I have just started a DMP with Payplan as i have tried for the last 7 months to manage arrangements with my creditors on my own and it's just become too much for me.

Part of me feels like a weight has been lifted but i'm just petrified it won't work out, especially as i had a total earbashing from Mackenzie Hall today that left me in tears

Any words of wisdom would be fantastic.

Thanks

Hello and welcome to you,
There are templates letters you can send if creditors try to act the 'heavy' on you. If you don't feel confident enough to deal with phone calls, you can ask for communication in writing only (but some are a bit naughty at first about honouring this)
Your creditors are worried they are not going to get ANY money back when things initially go bottom-up, but once they start getting their regular (but reduced) payments it tends to settle.

'Twitty'

Twit_Head

Hopelessly_Hopeful wrote: »

I agree with BM. Think of a DMP like a cross country run rather than a sprint or you may crash and burn.

Good Luck

HHx

Love it! I hope I've got the stamina because mine's a marathon. Going now because my fridge 'died' yesterday, and I'm hoping some kind soul on Freecycle wants to let their old one go to a kind and loving home. (It doesn't need to have a champagne rack or space for caviar :rotfl:)

'Twitty