Is a DMP the right thing for me?

Verbatim

Hi there and welcome.

I'd agree you've done the hardest thing. Actually your budget is adfift by just a bit Ithink, about £50. If you could stick to it, no more higher than contract mobile bills and no unplanned shopping, you should be able to start making inroads. Maybe it's a matter ofgetting in control of it all and you've made the first step by listing everything and deciding to "get to grips".

scaredwitless_3

verbatim I think waht you said about getting in control is spot on. Whilst i do feel sooooooooo bad about things it has actually helped by writing all of it down & talking to you all about it. All i've been doing lately is just checking that i'm within the O/D without actually tackling it. I suppose I was too scared about the scale of it all.

scaredwitless_3

in reply to an earlier question - yes I am making all the repyments just. I do try to pay more than the min even if its just £5 or £10.

lynzpower

Have you ever gone over your overdraft, or had any direct debits or standing orders "fail" as there are insufficient funds in your account?

Verbatim

Well paying more than the minimum is really important too so well done again. However the snowballing technique means paying all available cash to the debt which attracts the highest interest and paying just the minimum payments to the rest. This will get you debt free quickest.

scaredwitless_3

no never although it has got close. For my sins I used to work in a bank years ago so this would make me feel even worse!!