Roller Coaster of Emotions!

Angyles

Am I the only one on a roller coaster?

I had my LBM in June and signed up for a DMP with CCCS. I was so happy to be dealing with my debts and relaxed so much knowing this was being dealt with. Then I had the rug pulled out from under me by the Halifax closing my account in the middle of July leaving me with no money until payday 30th July which led to me borrowing money from my sister just to survive and to pay the last couple of remaining essential bills.

I've made my first payment to CCCS and they are due to pay my creditors on the 26th but I keep getting calls and letters about a Halifax Credit Card and yesterday I received a default notice on this account. Now my previous good mood has plummetted, I'm now starting to worry about things when I know I shouldn't as I know things are being dealt with.

Does anyone have any advise on how to handle this emotional rollercoaster?

dancingfairy

Hi - I can't help with the emotional things but practically I would:
1) open a new bank account not connected with anyone you owe money to (I surprised CCCS did not advise you to do this).
2) Speak to the Halifax -tell them you are with CCCS - quote your ref number and hopefully they will update their records and quieten down.
3) There is also a letter on here somewhere which says I only wish to be contacted by letter if they don't stop but give them a little while and I'm sure they'll settle down.
I have heard that the first few months can be stressful but after that it should all settle down.
You're doing the right thing.
Good Luck
df

sunfleur

dancingfairy wrote: »

Hi - I can't help with the emotional things but practically I would:
1) open a new bank account not connected with anyone you owe money to (I surprised CCCS did not advise you to do this).
2) Speak to the Halifax -tell them you are with CCCS - quote your ref number and hopefully they will update their records and quieten down.
3) There is also a letter on here somewhere which says I only wish to be contacted by letter if they don't stop but give them a little while and I'm sure they'll settle down.
I have heard that the first few months can be stressful but after that it should all settle down.
You're doing the right thing.
Good Luck
df

I agree with everything above. Did the Halifax close your account with YOUR money it in or just the overdraft facility - thus clawing back their money before you hopped out of there? Either way it seems short notice to do this and I wonder whether you can write to them to tell them you are in financial hardship and to reimburse you the money that is yours. Not sure of the ins and outs of doing this but I'm sure someone will come along to tell you if that is correct or not.

Sorry you are being thrown up and down on the rollercoaster of the financial minefield Angyles. Stick with us, we will be here to encourage you and point you in the right direction. I think once you have read lots of reassuring messages from this board today your equilibrium will right itself. We all go through these times but we will all come up again too. Breath and think 'it's ONLY money'. They all like to play their games but if you can rise above this and concentrate on your goal of paying your debt back AND enjoying life at the same time you will find it easier. As I say to everyone 'don't let them mess with your head space'! The more you allow yourself to think of them you are not with your loved ones or just getting on with life. Years ago i used to worry about money! It would paralyse me into doing NOTHING else. I haven't done that for a few years now as I just can't afford (no pun intended LOL) to keep my attention on the 'what if's' of the financial world as I have much more important things to attend to at home. It is this that stopped me from losing sleep over money. I'm not blas! about money, even though we still managed to get ourselves into this situation, but I don't still let it rule my life.

Feel better. :rotfl:

Ellieseleven

Angyles wrote: »

Am I the only one on a roller coaster?

I had my LBM in June and signed up for a DMP with CCCS. I was so happy to be dealing with my debts and relaxed so much knowing this was being dealt with.

Does anyone have any advise on how to handle this emotional rollercoaster?

I'm definately on your roller coaster Angyles! I thought that it was only me and that everyone else had come to terms with being on a DMP and having to budget etc. etc. We are having an awful time at the moment, bombarded with phone calls and letters demanding payment. My OH is self-employed and that is looking shakier than ever which is causing even more strain - to keep me motivated I go through this forum and find the success stories, I find that this helps me set my own goals and targets.

It is hard to start with but I'm hoping that things will settle down eventually and as Sunfleur says if we all stick together then it does help and its good to know that there are plenty of lovely people to give advice and support when its needed:T

Good Luck

Ellie xx

bottleofred

Hi angyles,

I agree with everything the others have said and although everything seems to be running along smoothly, you'll definately have the occasional setback, which is what this is. Unfortunately, some creditors do have a very negative effect when they do things like this, but you should definately open a bank account with no links to the dmp and you should try to soldier on. Regarding the phonecalls, click on the link below and open the harassment letter part. Complete it and send it to anyone who is calling you, although you can tell them you only wish to be contacted by letter and put the phone down.

Keep your chin up and keep going. It's a long road, but a very worthwhile journey!
As to the phonecalls - http://forums.moneysavingexpert.com/...html?t=1837507

goingforward_3

Its definately a rollercoaster but i keep telling myself that its only money and by doing the DMP all my creditors will get back every penny back that i owe them (they've probably already had it once in interest payments too lol !!).

It must be harder for you though as your bank has left you without funds.

My own DMP has taken a bit longer to set up as prior to sending any letters to creditors i opened my coop cashminder account and our new business account to protect what money we have.

Also any letters we have had back from our creditors so far havent been to bad all have agreed to freeze interest for 30 days to give the CCCS time to speak to them (or whatever they do)... i know it isnt going to be that easy all the time as we'll end up with some not wanting to freeze interest or wanting more than i can pay etc

But when all said and done its only money and there are far far worse things in life than being on a DMP.

blondieliz

I'm on your roller coaster too (and I recon I'm sat near the back - my dad always says that they back is scarier than the front!).

Somedays I am proactive and pleased that I am dealing with the problems, then I get terribly angry, then I get really sad. Crazy isn't it?

All the advice that I can offer is to stick with it and keep breathing. Always try to remember that things could always be worse and focus on the positives and your debt free goals.

Keep smiling chuck. I know it's hard, but think of those poor people in pakistan at the moment, sure, they may not have any debt, but they also have NOTHING left. I always think that thoughts like that can give me a slap in the face and force me to be more positive.

Hugs xxxx

Ellieseleven

Well said Blondieliz, I am thankful that we have our health etc. and keep telling myself that there are people in far worse positions than us and as you say it's only money at the end of the day:)

Ellie xx

Angyles

dancingfairy wrote: »

1) open a new bank account not connected with anyone you owe money to (I surprised CCCS did not advise you to do this).

Thanks, I had already done this and my pay was set to go into the new account.

Angyles

blondieliz wrote: »

I'm on your roller coaster too (and I recon I'm sat near the back - my dad always says that they back is scarier than the front!).

I think I'm sat in the seat next to you! It's nice to know I'm not on my own on this rollercoaster.

Loubylou2

Hi
I feel just the same today. Came on here to seek some support. As you say some days I feel lberated, not from the debt (Iwish) but from the getting in to more debt - does that make sense? Its just good to be in control and live on a budget. But you never know whats round the corner. None of our creditors have yet agreed to freeze our interest and today we got our first default notice from the Post Office.
:eek:
I've been reading all the DMP forums which are such a help but suddenly feeling really scared as the PO don't mention Payplan or the DMP its just a standard letter. I have sent them a letter this week but this notice was processed prior to when they would have got it. Also they've had the first payment from Payplan.

I assume we need to ring Payplan on monday? Any advice gratefully received. Hopefully I'll be able to help others one day.