New debt free wannabe!

road_to_recovery

Hi all,
Just entering into DMP with payplan. I was really scared about initially phoning them, but they have been great!:beer:
I've only got as far as the first long phone call... and now opened new bank account. The staff have been nothing but helpful so far.
Still nervous about the next couple of months.... but payplan seem to know what they're doing!
Anyone else got payplan and can tell me how they've got on from the initial setting up to settling in to the plan?
Your views will be much appreciated
Cheers:)

Material_Girl_2

No advice, I'm afraid, but good luck on your road to recovery:)

How long do you think it will it take you to become debt free?

road_to_recovery

They estimate 7 years on 37000 debt, though I'd like it finished sooner:)

Numpty_Monkey

:TJust wanted to wish you all the best on your DFW journey:T
if you keep reading and using MSE you will get there in under 7 years

elsie52

road_to_recovery wrote: »

Hi all,
Just entering into DMP with payplan. I was really scared about initially phoning them, but they have been great!:beer:
I've only got as far as the first long phone call... and now opened new bank account. The staff have been nothing but helpful so far.
Still nervous about the next couple of months.... but payplan seem to know what they're doing!
Anyone else got payplan and can tell me how they've got on from the initial setting up to settling in to the plan?
Your views will be much appreciated
Cheers:)

Hi,

We started on our DMP in March 2008 with Payplan, and to be honest its probably the best thing we did. It only took a couple of months for everything to settle down, and the creditors eventually stopped ringing. It gave us peace of mind, and I slept for the first time in months.! The best advice I can give you is to budget, make sure that you put money away for all your utility bills, insurance, car tax, M.O.T etc, and stick to your housekeeping budget. We managed to save a little every month as well. Have a look at the Money Saving Oldstyle board, and check out the receipes etc. You will get some good ideas.

Good luck

Wee_Jo

road_to_recovery wrote: »

Hi all,
Just entering into DMP with payplan. I was really scared about initially phoning them, but they have been great!:beer:
I've only got as far as the first long phone call... and now opened new bank account. The staff have been nothing but helpful so far.
Still nervous about the next couple of months.... but payplan seem to know what they're doing!
Anyone else got payplan and can tell me how they've got on from the initial setting up to settling in to the plan?
Your views will be much appreciated
Cheers:)

Well done on posting and the first long phone call! I can't offer any advice on this unfortunately - only general support and any money saving tips I have picked up from these boards (and from making mistakes!)

Welcome! :hello:

Jo

Material_Girl_2

7 years is not that long, but if you could get it down to 5 or so that be fantastic.

Good Luck!

mum2one

Well done, you've taken the hardest step, sorry don't know anything about dmp plans, but didn't want to run without wishing you all the best of luck.

xx

road_to_recovery

Thanks everyone!
why do i feel so nervous about all of this?:o
after all... the credit industry has had a fortune out of me in interest over the years!
Looking forward to a better life.:j
Any more payplan stories?
Cheers

Happytogetdebtfree

Hi I'm not on a dmp I just wanted to wish you all the best and good luck on the debt free journey :-)

road_to_recovery

Hi again,
Well, payday soon! I've cancelled direct debits and standing orders from old account, set up nearly everything on new account.
Just prey that my work puts the money in the right bank!
Once I get paid... what is the best way to pay creditors a token payment? postal order?
also.. what should i write when sending the token payment?
help appreciated!
cheers