DMP Mutual Support Thread - Part 7

Standingtall

Hi Debtfree. I hope everything goes well for you and at least you know where to come in the future if you change your mind. Trigger points to look for are lack of being able to sleep and getting increasingly bad tempered with those around you. If you get to that situation do reconsider your decision please - take if from one who has been there. Good luck though, and I hope you succeed in tackling those debt

Standingtall

Hi Londonfraggle. I have been wondering about this too. I am in my DMP for a very long term. I want to be able to have some pleasures in life though whilst I am on it. I am very fortunate that my mortgage went down shortly after I had set up my DMP and my salary will rise in January. I know my DMP allows for emergencies but it has just cost me £240 for my car's service and test, plus a minor repair. If I follow the DMP system to the letter I will never have another car, holiday or any other major spend item, since I may be 70 years old before I can save or have credit again:(

Now credit I do not want but to be able to save I do. At the moment I can work overtime but this is never guaranteed. It's not a very pretty outlook is it.

Certianly I can raise my budget amounts of course, but I to am wondering if I can get away with just leaving things as they are or just reporting a small rise in salary / drop in mortgage.

londonfraggle

Standingtall wrote: »

Hi Londonfraggle. I have been wondering about this too. I am in my DMP for a very long term. I want to be able to have some pleasures in life though whilst I am on it. I am very fortunate that my mortgage went down shortly after I had set up my DMP and my salary will rise in January. I know my DMP allows for emergencies but it has just cost me £240 for my car's service and test, plus a minor repair. If I follow the DMP system to the letter I will never have another car, holiday or any other major spend item, since I may be 70 years old before I can save or have credit again:(

Now credit I do not want but to be able to save I do. At the moment I can work overtime but this is never guaranteed. It's not a very pretty outlook is it.

Certianly I can raise my budget amounts of course, but I to am wondering if I can get away with just leaving things as they are or just reporting a small rise in salary / drop in mortgage.

I know it's a toughie isn't it?! If I were being honest I'd prefer just to keep trudging along as I am but really don't want to cause any problems with my DMP as do know how lucky I am to have got this far.

What does everyone else think? Fraggle x

Twit_Head

Thankyou for your lovely messages of thanks and best wishes. I was fair overcome and had to get the tissues out (Not joking; was very humbled and moved by your comments.)
But be afraid; be very afraid - I will pop back sometimes to see how you are all doing
Oh and I forget to leave you with the best money saving tip EVER.
Do not under any circumstances, buy value toilet rolls - they are crap!

:rotfl::rotfl::rotfl:
You all take care now

'Twitty'

Twit_Head

And I saved a very special goodbye until last.
To Ian - you've been with me all along, from shaky start to finish. You're always here to help myself and others. Through all the serious stuff there has been fun as well, and I so will miss having a pot shot at you now and again!
I know you have plans and hopes of your own - may they come true very soon.
So I hope your lady will forgive me, but I send you a very, big :kisses3:
Thanks for the good times

'Twitty'

P.S. And if that errant Tooth Fairy flutters by, please give her my best and tell her 'I'm outta here' now

Hopelessly_Hopeful

Twit_Head wrote: »

And I saved a very special goodbye until last.
To Ian - you've been with me all along, from shaky start to finish. You're always here to help myself and others. Through all the serious stuff there has been fun as well, and I so will miss having a pot shot at you now and again!
I know you have plans and hopes of your own - may they come true very soon.
So I hope your lady will forgive me, but I send you a very, big :kisses3:
Thanks for the good times

'Twitty'

P.S. And if that errant Tooth Fairy flutters by, please give her my best and tell her 'I'm outta here' now

Hey Twitty

Where you running off to?

HHx

Twit_Head

Hopelessly_Hopeful wrote: »

Hey Twitty

Where you running off to?

HHx

Hi HH
Paid up member of the DMP club now! (see my long post page 222)

'Twitty'

richie_gc

sickasachip13 wrote: »

Hey Richie,

Great story and, I think, it's so helpful to share these things with others. You know I too was fearfully ashamed of the situation we'd got into but now I realise that there are millions like me and I'm not a complete social pariah.

I'm pleased to hear it's going so wel. And you really hit the nail on the head when you observe that your amount owed has gone down for the first time in years.... we're exactly the same, one year in and the debt has gone down - it's a complete novelty for us. Goodness only knows how much it would have increased by over the same year had we not made the move to a DMP.

Lovely to hear from you, I hope we can persuade you to stay around?

SAAC

Hi,

Yes, I'll still be on this thread - just been lurking here for ages reading the messages instead of posting!

Richie

meme86

good start for my dmp

sent off all the paperwork to cccs 10 days ago and also letters to my creditors.

a few days after the letters were sent, cccs called me just to check my income.
also got a letter from tsb thanking me for letting them know i am having problems financially
got a letter today from virgin/mbuna saying they have accepted my offer and that interest is 0%
so that leaves sainsburys loan and credit card departments to get in touch, and also tsb to close my current account

so far so good.
has anyone had experience with sainsburys?
just wondering how co-operative they are

also how long does it usually take to close accounts with tsb?

ianmak

londonfraggle wrote: »

I know it's a toughie isn't it?! If I were being honest I'd prefer just to keep trudging along as I am but really don't want to cause any problems with my DMP as do know how lucky I am to have got this far.

What does everyone else think? Fraggle x

I would tell them 'eventually'. I tend to wait a few months before telling them of changes. I've recently saved £40 a month on commuter fares, and though I don't want to increase my payments, I will tell them eventually, and request a review to take into account rising costs. At the end of the day, any increase reduces your dfd, but you need to make sure you're not struggling too.

Also be aware that there are limits to the budgeting. For example my commuting costs are/were £320 a month, and I know this was above the maximum level, and you need to provide proof if any creditor enquires...