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OMG! I so need some help.

babyhead
babyhead Posts: 731 Forumite
edited 22 June 2010 at 12:19PM in Debt-free wannabe
Hello :O)

I'm struggling to decide what on earth to do for the best. I've been on here for a while but things always keep changing and i'm so confused. Been speaking to CCCS but our amount left each month, is pretty much the same as the minimums on our debts so I don't know what to do for the best.

I think this is mainly due to all the fab advice on here I am super MSE :money:so I won't post my SOA. As I was speaking to CCCS I missed a couple of payments but dont think that is a major deal in the scheme of things. Hopefully DH will get a job soon so our situation will improve and things wont be so tight. Has anyone had any luck with creditors agreeing to token payments for 6 months?

Our options are -

1/DMP even tho figs are similar.
2/catch up missed payments and continue as normal paying minimums
3/do temp token payment plan for 6 months and review

Any advice greatly appreciated please. :o
DFW Nerd #1152

Comments

  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    First Post Combo Breaker
    If you are making the minimum repayments, chances are your creditors won't stop intrest

    If you have missed payments/defaults they may agree to reduced payments

    Are you using your MSE SOA, or the one allowed, in some areas they can differ;)
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
  • babyhead
    babyhead Posts: 731 Forumite
    Thank you! My SOA is MSE one. :)
    DFW Nerd #1152
  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    First Post Combo Breaker
    Check out https://debtremedy.cccs.co.uk/
    you maybe allowed more than £5 a week for food;):D
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
  • babyhead
    babyhead Posts: 731 Forumite
    :D yes I have done that and noticed the figures were alot higher. I've kept it to a happy medium :)

    Do creditors accept the 6 month token payment thing? Is it worth doing?
    DFW Nerd #1152
  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    First Post Combo Breaker
    There are no guarntees,
    they may hold intrest for 3 months if you explain you are having difficulty

    If going through CCCS you have a better chance of things being accsepted
    It is a judgement call to be made by you,
    but my feeling is go with CCCS guidline figures, if you can't make minimum repayments on that,
    then get them involved, and then use your MSE SOA to live in, the extra save and make F&Fs when you have the funds
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
  • hypno06
    hypno06 Posts: 32,296 Forumite
    First Post Combo Breaker
    Hi babyhead! I am no expert on DMPs etc, so will leave it to Numpty and the other guys who are, but just wanted to say helloooo!
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
This discussion has been closed.
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