?? stopping interest payments while on CCCS DMP

rbelcham

Hello debt-free wannabees all.

Firstly this is a tremendously useful website, and while not a great poster of threads, I am an avid reader.

I am in the usual dreadful state of indebtedness that is found here. However, I do have a steady income and have tackled the problem by setting up a DMP with the CCCS. I set it up jsut about a year ago and it immediately stopped hassle from the creditors (Coop Bank and Sainsbury's Bank).

On a separate but related note, I am also trying to reclaim bank charges, which is a longer term plan.

My question to all you helpful folks is this: is there any way I can stop the creditors adding interest payments onto the debts? It currently seems to outweigh all the work I am trying to do in paying the debts off.

I haven't been able to talk to the CCCS as the office hours are the same as mine and I don't have any chance to make private phone calls.

I would really appreciate any help or advice from you good people.

makingendsmeet_2

I would suggest writing to your creditors asking them again to freeze intrest and charges. There are template letters on nationaldebtline website. From what I have read on here the coop seem to be quite resonable in a DMP. I can't remember off hand who finances sainsburys bank but its someone like HFC who you may find less reasonable. Send them both your SOA and request a freeze and then for them to review it in 6 months. If you don't ask them they arnt going to do anything.

rbelcham

Thanks very much - that sounds like a plan!

skintasusual

I only have a small debt with HFC and they froze it straight away

good luck

System

The CCCS should be liasing/negotiating with your creditors to freeze interest. That's what Payplan have done for me. Do CCCS not do this?

skintasusual

CCCS managed to get all mine frozen straight away...well except my OD, but i'm within the limit which is why they won't.