A quick quessie about DMP

TOTALLYFEDUP_3

If I set up a personal DMP with each of my creditors, does it have to be for a specific period (eg 6 months) or can it be done until it's all paid off, however long that may be.

Just trying to get my head around things before I decide whether to go it alone or go thru' CCCS/Payplan.

Thanks in advance.

doodah

hi there. i think either way it'd probably be for 6 months or so then you would need to do a new financial statement, so they can review your situation again and see if you can afford to pay more or less.

madduck

Most creditors agree to DMPs on a 6 -12 month basis and look for updated information at that point. If you don't send an update to them, most will contact you to prompt the update.

mophead

Just trying to get my head around things before I decide whether to go it alone or go thru' CCCS/Payplan.

I'm with CCCS and i ave a review of my finances every six months. I would recommend doing a DMP with them. When i tried to negotiate with my creditors before using CCCS they were not very helpful but as soon as CCCS became involved they all excepted my offers.

Claire

mophead

Just trying to get my head around things before I decide whether to go it alone or go thru' CCCS/Payplan.

I'm with CCCS and i ave a review of my finances every six months. I would recommend doing a DMP with them. When i tried to negotiate with my creditors before using CCCS they were not very helpful but as soon as CCCS became involved they all excepted my offers.

Claire