Emergency - DMP rejected - help!!

JGWT8M

Payplan are in their own way, trying to help you.

If you don't spend that much a month on food, great, put the money towards something you're not allowed an allowance for (your broadband perhaps?) or use it as an inflation buffer - here's an example: prices are going up all the time, your Council Tax WILL go up next month, so instead of having the hassle of having to go back to your creditors with a new DMP based on the new Council Tax figures, just use the money sitting in the buffer from what's left over the food bill.

You should always allow yourself a buffer for price increases, unexpected bills (car?), by doing it this way it's a lot, lot easier.

These allowances are Banking Industry trigger figures that the Bank is not allowed to question if below the figure, the Bank will quiet happily take your last penny from your bank account to pay their "charges" so why shouldn't you be able to return the favour?

I'm doing a self administered DMP cos Payplan couldn't help me with £70 left at the end of the month, at first it was a pain in the butt getting the banks to stop interest and charges, but now they've done that and I've made a few payments as offered, they don't hassle me now.

hypno06

Stay strong, it is worth it, and you WILL get there.

There will be stumbling blocks along the way, but stay focussed and you will get over them.

Just think how good it will feel each time you beat one of those stumbling blocks.

Keep going x

Broken_hearted

We were rejected and told we had no choice but to go bankrupt. Now over a year on I have paid off nearly one third of my debt and will be debt free by 2009 at the latest. It can be hard going it alone but its worth it.

gettingthereslowly!_2

I'd definitely try the CCCS first. They've been brilliant for me.

Even if they cannot help you with a DMP they will give you good advice on what to do next...

It is hard in the beggining, but you have done the hardest thing so far by realising you have a problem and looking for help. It does get easier, I promise

lxpeanut

Try CCCS they are allowing me a DMP paying £20 a month at the moment knowing this will rise. Doing it yourself is possible but I found my creditors to be completley uncooprative and feel better with some back up.

krayzechick

milliejon wrote:

I'm doing my own DMP. It was a little daunting at the beginning, but two years on most things are OK. I used the National Debtline website http://www.nationaldebtline.co.uk. They have loads of sample letters, from asking creditors to stop interest payments, to asking them to accept a payment plan.

Good luck with whatever you decide.

oooh thankyou thankyou thankyou!! i've been scared of writing my own letter asking for help, but these templates give me good footing to go ahead and ask!

milliejon

You're welcome! Best of luck.

olivetrees

Thanks guy's for all your suggestions - I tried the CCCS and the earliest telephone appointment they can give me is 20th March!!!

I think I will just go ahead on my own as I really can't wait that long.

Once I get going i'm sure it will all come together.......

xxxxx

spud30

olivetrees wrote:

Thanks guy's for all your suggestions - I tried the CCCS and the earliest telephone appointment they can give me is 20th March!!!

I think I will just go ahead on my own as I really can't wait that long.

Once I get going i'm sure it will all come together.......

xxxxx

Just a thought, but why dont you make the appointment, just in case?

You could always cancel it, if it's all going smoothly by then. If things arent going to plan, at least you will have a back up plan.

Broken_hearted

Agreed make the appointment so its there if you need it. If not cancel.