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Unable to Keep up DMP payments

HopeTRMD
HopeTRMD Posts: 39 Forumite
in Debt-free wannabe
Hiya,
I just wondered if someone can give me some advice
I am on a dmp with PPlan (2nd year) and I am now receiving a significantly reduced income as I am now on long term sick. Plse can you advise what are my options are as I will now not have sufficent funds to make my monthly standing order and my living expenses.


Thank you so much.
Hope
x

Comments

  • Ames
    Ames Posts: 18,459 Forumite
    If you get in touch with them and explain then they can do a revised budget and work out how much you can afford. That's the brilliant thing about DMPs, they're not set in stone and so they can change with your circumstances.
    Unless I say otherwise 'you' means the general you not you specifically.
  • NorthernLas
    NorthernLas Posts: 1,271 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Speak to PayPlan, re-do your budget and reduce your standing order
  • Pott5y
    Pott5y Posts: 504 Forumite
    Got to agree with Ames and Northernlass.

    Speak to Payplan as soon as possible and explain to them what your situation is. They will contact your creditors with a reduced payment plan.
    adde parvum parvo magnus acervus erit
    Add a little to a little and there will be a great heap     ;)
  • HopeTRMD
    HopeTRMD Posts: 39 Forumite
    Thank you so much Ames, Northernlass and Pott5y for your swift response!
    Much appreciated. I will contact them asap.
    Hope
    x
This discussion has been closed.
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