dmp

anyadvicewelcome

ive recently joined cccs with a dmp, previously i was using a charging company, ive only actually paid a small amount off my debt and it seems an unhill struggle. i feel alone, thats why ive posted on here, its nice to know im not alone, i mean that in the nicest way. value any helpful hints on this mountain

Mrs_Arcanum

Look at your debt and divide it into a series of goals then work out how long it will take to reach the first goal.

After next months payment my debts will be under £16,000 Next goal is to have paid off £4,000 & so on.

Good luck and remember there is a light at the end of the DMP tunnel.

DevonGirl

It's really surprising how quickly those balances will come down, assuming your creditors aren't charging vast amounts of interest. And now that you aren't paying a DMP management fee it will come down even sooner.

As Mrs A says in her post (above), working out some goals will help - you can even plot them on a graph, like a weight loss graph if a visual reminder will help. I tend to go by the thousands - I remember going below £20,000 which although still a HUGE amount of debt , just getting into the 'teens' was a great feeling and a reminder of how far I've come.

The other thing that might help is remembering all the anxiety and sleepless nights (assuming you had these before your DMP). Before I went on a DMP I was constantly moving money from one account to another to get the best rate, worrying how close I was to my limit, going without prescriptions because I didn't have £7 to pay for them etc etc. The thought of a DMP was scary but once it was arranged and I finally had some money to live on, plus debts stopped spiralling out of control, I felt much better.

Finally just to point out there is the DMP Mutual Support Thread where you will always find a friendly ear for your DMP woes - we're all in similar boats over there! Also the Long Haul Support thread if your DMP is going to stick around for some time.

anyadvicewelcome

thank you guys, my head has been so much in the shed, couldnt answer the door or phone, didnt look at mail,i sat down the other night, and worked out my debt had come down by just a few hundred pounds whilst with the charging dmp company, ive not long joined cccs and looks like i will be with them many years but yes i like the idea of just looking forward to each thousand coming of the outstanding, thanks again