DMP Mutual Support Thread - Part 7

Unhappy_01

Thanks for the prompt replies, much appreciated.......wish I'd found out about DMP's months ago.

I've got a CCCS reference number so will definitely call them tomorrow and hopefully put my mind slightly more at rest.

As I say i've been managing to pay them the "rollover" payments each month and have paid £700 this month but cannot afford to pay the £160 I have to pay in the next 10 days. If the cheques go to the bank they will just bounce but i'll get charged for each one by my bank.

I have £550 coming directly out of my bank every payday (23rd) (the rest are in cheques that I go into the shop and rollover) and am unsure if I can cancel the ones which come directly off my card. I'm trying to avoid getting into hassle with my bank as I have been with them for 20 years and apart from the odd bounced cheque I've managed my account with them quite well. Does anyone know if cancelling payments set-up against a debit card is possible or would CCCS be able to advise my best course of action. If I have to pay these on 23rd Sept I'm up the creek without a paddle.

I notice CCCS have an office where I live so would an appointment to go in and see them be possible ?? Although I "will" phone them tomorrow I'd find it easier to explain everything in person.

ampafc

Twit_Head wrote: »

Really sorry but I seem to be saying 'not much idea' to you, as I have in my last couple of posts!
Your situation seems quite complicated so I think it wouldn't hurt one little bit to speak to PayPlan. I'm with CCCS so can't speak for PayPlan and their activity on your behalf. It's all a bit of a minefield at set-up and it may just help you to have one of the debt charities to assist you at the start. Maybe later, when you are more confident you could consider administering a DMP yourself?
Think you've done brilliantly so far in recognising and addressing the base problems of your debts. Keep the momentum going! Hope you get sorted soon and you're always welcome here for advice or just to let your thoughts and worries out in a 'safe environment'

'Twitty'

Thanks for the positive reply twitty

I will wait to see if I get any more advice, but my plan at this stage has been to call payplan. Did you find it difficult getting set up with CCCS?

suze72

The-saint wrote: »

Hello all, first time poster here.
About 1 year ago I was made redundant, thankfull I was living with my parents at the time but was in debt of around 7.5k. That had gone up to roughly 9.5k by the time I learned about a DMP. I have one set up for 3 months now with CCCS (who were so helpful and nice) and all my debt letters/phone calls have stopped. I can see that all my creditors have suspended interest on my payments, but now I have a new job and have around £600 a month that I dont NEED for anything, I have not told the CCCS of this yet as I am only 1 month into the job and dont want to risk changing payments then losing my job. Would I be better off telling them and increasing my monthly payment to them (currently £103) or should I save the money myself for 3-4 months then offer all my creditors reduced final payment, or leave something else I hadn't thought about.[/QUOTE

Hi there

I agree with Twithead that I would be inclined to increase my monthly payments to CCCS. Don't forget that if your income does go down again in the future you can adjust your DMP payments accordingly. It may be worth trying to save a bit towards full and finals too, especially if you aren't the type who might be tempted to use it for other things

P.S I don't know what happened to the quote bit I've messed it up somehow

Twit_Head

Unhappy_01 wrote: »

I notice CCCS have an office where I live so would an appointment to go in and see them be possible ?? Although I "will" phone them tomorrow I'd find it easier to explain everything in person.

Did all my on-line without ever speaking to a 'real' person initially. I'm pretty sure though you can have a face to face interview with a counsellor. Phone them tomorrow and get things started though. They're the experts (bless 'em.) Always found them to be non-judgemental, very supportive and able to deal with all your 'wobbles'
Go for it - you sure as hell have nothing to lose
And hopefully in a few months time you'll be settled and plodding on like most of us but seeing your debts decrease.

'Twitty'

Twit_Head

suze72 wrote: »

P.S I don't know what happened to the quote bit I've messed it up somehow

Ooh Suze - many's the time I've written a long and comprehensive post, hit the reply button and seen it all disappear into the ether, never to be seen again
Duh :doh:
Is this a dastardly plot by the 'preditors' to upskittle us good, clean-living folk do you think?

'Twitty'

Twit_Head

ampafc wrote: »

Thanks for the positive reply twitty

I will wait to see if I get any more advice, but my plan at this stage has been to call payplan. Did you find it difficult getting set up with CCCS?

Nope, not at all. They have a brilliant on-line debt remedy page where you can enter your outgoings/ incomings. It's a great tool to assess your budgeting, which gives you guidelines of where your level of spending should be.
You can then get to speak to a counsellor who advises you on budget/options etc.
I believe PayPlan and CCCS are very similar in principle. The way they apportion your repayments is slightly different though.
I know it's all very frightening at the moment, but get something set up, and later on when you feel more confident you'll be in a better position to see your way forward.
All the best to you

'Twitty'

ianmak

The-saint wrote: »

Hello all, first time poster here.
About 1 year ago I was made redundant, thankfull I was living with my parents at the time but was in debt of around 7.5k. That had gone up to roughly 9.5k by the time I learned about a DMP. I have one set up for 3 months now with CCCS (who were so helpful and nice) and all my debt letters/phone calls have stopped. I can see that all my creditors have suspended interest on my payments, but now I have a new job and have around £600 a month that I dont NEED for anything, I have not told the CCCS of this yet as I am only 1 month into the job and dont want to risk changing payments then losing my job. Would I be better off telling them and increasing my monthly payment to them (currently £103) or should I save the money myself for 3-4 months then offer all my creditors reduced final payment, or leave something else I hadn't thought about?

Thanks for reading.

I'd give it a few months before you up the payments, but that's just my opinion (and due to me being a cautious fellow). Save the money and budget as though you were paying the extra. Does that make sense?

Mercyknight_2

I'm in a bit of a catch 22 situation and wanted to know if anyone could offer an advice.

I am with CCCS and have been for the last 3 months. They have sent letters and budgets out to my creditors with most of the them not agreeing to the DMP.

Now this is where it gets a little bit weird, I'm paying CCCS my monthly amount and they then split this amount and pay each of my creditors. I have an overdraft where the interest is nearly £80 a month, a CCCS are paying them £100 a month. So in reality I'm paying of £20 a month because they're not agreeing to reducing the interest. So in my estimations it will take 250+ months to pay off the overdraft unless they agree to remove the interest. Because the payment CCCS are making to them is keeping the balance floating it will not go into arrears either. So I'm paying all this month and it's kind of going to waste.

Does any of that actually make sense.

Hopelessly_Hopeful

Mercyknight wrote: »

I'm in a bit of a catch 22 situation and wanted to know if anyone could offer an advice.

I am with CCCS and have been for the last 3 months. They have sent letters and budgets out to my creditors with most of the them not agreeing to the DMP.

Now this is where it gets a little bit weird, I'm paying CCCS my monthly amount and they then split this amount and pay each of my creditors. I have an overdraft where the interest is nearly £80 a month, a CCCS are paying them £100 a month. So in reality I'm paying of £20 a month because they're not agreeing to reducing the interest. So in my estimations it will take 250+ months to pay off the overdraft unless they agree to remove the interest. Because the payment CCCS are making to them is keeping the balance floating it will not go into arrears either. So I'm paying all this month and it's kind of going to waste.

Does any of that actually make sense.

In a rush but wanted to offer some wisdom in case that helps. I had a situation where I could not understand how the payments were pro rata'd. It's about % of CONTRACTUAL amounts so therefore loans and sometimes overdrafts etc appear to be treated differently to CCs. I found this out when I thught my loan account was being given disproportionate attention. This will be paid off next year and then the amount spread between the other creditors.

HTH

HH x

Unhappy_01

A quick update......I called CCCS today and spoke to a very helpful lady. turns out as i'd marked down I was behind on 1 of my bills hence why I didn't get the info pack emailed. once i'd amended this mistake I got the .pdf through and clicked the button that said SUBMIT FOR DMP so am waiting for the paperwork to come through so I can sign and return.

In the meantime I'm following what was included in terms of getting statements from all the payday loan companies , trying to set another bank account up and drafting letters to the various companies.

I have 2 payments totalling £70 coming off my debit card on Thursday this week and am thinking about reporting the card lost so no payments can be taken off it. I need that money to feed myself / get to work, what do you think ??