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DMP or other options?
KoalaBear_2
Posts: 62 Forumite
I may be entering a DMP.
I have 6 creditors I owe money to.. 4 payday loan companies a CC and a Catalogue.
The 4 payday loan companies are the ones I'm struggling to pay, I have always kept upto date with my cc and catalogue. My entering a DMP I will end up defaulting on this account.
My original plan was to always keep the CC, reduce the limit to as low as poss and use it to pay off my mobile phone contract every month then pay the CC off in full. Just to bulid up what very little history I have![:\](https://forums.moneysavingexpert.com/resources/emoji/confused.png ":\")
.
I know I should speak to CCCS about this and I will at my appt on Tues, I just would like some feedback from people in similar situations. Is a DMP your only option, I like the fact that CCCS will deal with companies on your behalf .. I'm also worried if a different option is suggested such as arranging repayments with the companies themselves I'll end up even deeper in debt.
Sorry about all the questions today >.<
I have 6 creditors I owe money to.. 4 payday loan companies a CC and a Catalogue.
The 4 payday loan companies are the ones I'm struggling to pay, I have always kept upto date with my cc and catalogue. My entering a DMP I will end up defaulting on this account.
My original plan was to always keep the CC, reduce the limit to as low as poss and use it to pay off my mobile phone contract every month then pay the CC off in full. Just to bulid up what very little history I have
.I know I should speak to CCCS about this and I will at my appt on Tues, I just would like some feedback from people in similar situations. Is a DMP your only option, I like the fact that CCCS will deal with companies on your behalf .. I'm also worried if a different option is suggested such as arranging repayments with the companies themselves I'll end up even deeper in debt.
Sorry about all the questions today >.<
0
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