Debt Management Programme - Should I... Advice

stuartbrookes

SnV, Katu,

Thanks for your advice... I've actually found what I think is a better solution. I've done the SOA and then looked at a 'snowballing' option, by doing this it reckons I can have everything paid off in 48 months. The DMP plan was 5 years via CCCS who didn't think I'd get approval anyway, or 7 years with GP.

As such, I'm going to reel things in myself and have told my gf that I want to take control of all our money, she has agreed and understands why. So I've got my snowball plan and payday is Monday, so that is Month 1 and if I'm strict I know it'll be cleared in 4 years. However it also gives me that flexibility should I need anything in an emergency, knowing that I can use my annual bonus from work to overpay as well.

I'm actually feeling really positive about this now.

Thanks for all your help and advice, espeically SaltnVinegar, it is really good to get peoples opinion who are in the same boat.