Dmp

sazzyc10

Hi

I just started organising a dmp with payplan. I've managed to rack up debts of over 11k in 3 years due to depression which agrivated a shopping addiction i had had under control. I'm back having therapy and hope to stay on the wagon. Except essentials i haven't spent anything in 13 days. To some that may seem pathetic but its an addiction and i get the same reactions as if it were drugs.
What i wanted to know was should i include the 3 payday loans i have taken out on the DMP or should i just leave it to them. My mum has promised me the money to pay them every month sol they would be clear in 3 or 4 months and the extra that should have been going to them on the dmp to my other debts. Wonga that i was suppossed to pay today were very helpfull and have agreed a good payment plan that means its clear by next month. i just wondered really because once they are clear i can get going on the big debt.

My debt is as follows
Choice£344.69 Littlewoods£948.41 Empire£782. ace£1,609.43 Simply Yours£2,727.01 Nationwide O/D£1,083.42 Natwest O/D£600.00 NationWide Credit Card£1,340.59 Capital One£185.03 Lending Stream£539.00 Lending Stream£123.00 Quick Quid£500.00 Payday Express£500.00 Real Personal Finance£682.78

Also just wondering how easy is it to get credit after a DMP? I don't want to get credit don't get me wrong but we are thinking of moving in the nearish future and want to get a mortgage. Or is it worth approaching our mortgage company to see if they would offer us an increase to be able to move? We haven't missed a mortgage payment ever so that should leave us in good sted wouldn't it?

Sorry for all the questions but i just wanna get this debt cleared asap

Many Thanks
Sarah

elsiepac

Hi there

Being on a DMP does generally affect your credit rating as it means you have defaulted on your debts. As I'm sure you know, a default stays on your credit file for 6 years.

Regards the PDLs, technically you should have them included on the DMP. I agree it is nicer to pay them sooner and then concentrate on the rest of the DMP, however your other creditors may view it unfavourably that you've paid them off first - technically they could reject your DMP...

LC