DMP Not reducing

paddyisis

Hi, I have two questions please.

We have been on a DMP with CCCS for 18 months now and have paid around £9,000 but our balance has only been reduced by around £5,000 due to charges and interest, Barclaycard in particular are charging £126 of interest every month on a balance of just over £6,000. I have written to all of the companies who are still charging interest and asked them to stop, can you tell me whether I have the right to ask for interest that has been charged in the last 18 months to be repaid to the account ?

My other question is that we have a Northern Rock Together Mortgage with an unsecured loan of £24,000, CCCS have just advised us that this needs to be added to the DMP. I'm concerned because this is going to almost double our total owed and therefore take so much longer to clear our DMP. Also, I wonder what would happen if we sold our house ? we would have around £20,000 equity, would this be split amongst all companies on the DMP or would it go directly to Northern Rock to clear the unsecured loan ?

Thanks for your help.

fermi

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