delaying the first payplan payment

lookingforthelight

Hi,

Have received the paperwork from Payplan with budget and am about to send it back to them to kick things off.

BUT I am now 2 months behind with mortgage and would like to overpay mortgage co to catch up but would only be able to do this if I delay starting the payplan payments.

Should I :-

1) Still return my debt details to payplan but ask them to go slow setting up, to give me time to catch up with mort, then start debt payments

2) Hold off returning paperwork until I have caught up with mort - but CC people are already getting irritated.

3) Adjust my payplan budget by increasing my mort payments to clear arrears. Then once cleared I would increase my DMP payments.

Thanks for all your help - this is the best forum ever!

bottleofred

Hi,

I'm no expert, but would have thought the most important thing at the moment is to keep the roof over your head and therefore make sure the mortgage is up to date. If it was me, I'd go with option 1, but you'd need to know how receptive they would be to this suggestion and you should also consider if you can afford all the payments in the next few months. Citizens Advice may provide more info. However, someone with more knowledge than me should provide more detailed information soon.