DMP & Mutual Support Thread - Part 8

Tigsmom

Hopelessly_Hopeful wrote: »

Please can I come back as a gerbil?!

It's free too

HHx

You would need to grow your teeth and get used to digging!:rotfl:

Oh by the way - Sunday lunch still going strong, made a stew from leftover veg and sausages today, fed 4 and enough leftover for my lunch tomorrow!

stelly

Win123 - Tackle it all one step at a time.
Talk to your DMP. Explain to them about your finances being complicated and they will understand and help you. The one thing they don't do is judge you. As I said earlier as long as you can pay at least £50 a month then they will try to help you with r.e to a DMP. We own our house and have equity and nothing was said about selling it. I'm sure that would have been different if we couldn't pay anything to the debt though.

I'm sure all the DMPers here have felt like you do at some point. I did. My OH had lost his job, I was earning next to nothing. I was depressed, ashamed and felt like a total failure. Spent a lot of my time crying and hiding from everything. I thought we were going to lose our house and at one point my marriage.
It's a horrible place to be but it does get better.
Talking to people on here can be a huge help (and the odd bit of crying down the phone to CCCS ).

The one thing you aren't is alone.

sammyboyblue

We have made 4 payments into our DMP but unfortunately i have been made redundant, i tried to change our income and expense form on payplans web site to reflect our new house hold income but payplan have said there is now a deficit and they wont be able to help. I have a budget review with our case worker on the 29th. As any one any experience in these situations, will i be advised to go down bankruptcy/IVA route.

thanks sammyboyblue

win123

To Tigsmom
What would I do without you thank you so much for your advice yet again much appreciated - I will look into this anyway the DMP is going to be up and running by Dec i think she said - so will get saving - just reading some other threads and someone says that a DMP free company has rejected someones dmp if they dont tighten their budget we have been told that it will be 100 per month - They are ringing friday AM to start stage one of the DMP i just hope they dont expect mum to cut back anymore as she cant - the more I am reading the scarier things are - when I rang them today I asked them would it only be 100 that we would be paying and she said yes providing our income etc does not change - but what happens if they decide we can pay more and we have to cut back on things - we cant cut back anymore - sorry I am a worrier I know tigsmom lol

Tigsmom

win123 wrote: »

To Tigsmom
What would I do without you thank you so much for your advice yet again much appreciated - I will look into this anyway the DMP is going to be up and running by Dec i think she said - so will get saving - just reading some other threads and someone says that a DMP free company has rejected someones dmp if they dont tighten their budget we have been told that it will be 100 per month - They are ringing friday AM to start stage one of the DMP i just hope they dont expect mum to cut back anymore as she cant - the more I am reading the scarier things are - when I rang them today I asked them would it only be 100 that we would be paying and she said yes providing our income etc does not change - but what happens if they decide we can pay more and we have to cut back on things - we cant cut back anymore - sorry I am a worrier I know tigsmom lol

You may have to tighten your belt a bit if CCCS say you are spending too much on food etc but it is possible to do this. Look on the other boards on this website for tips on doing that (buying own brands/menu planning etc). You might be paying over the odds for gas/electric etc and can shop around for deals to save money. Without knowing all about your financies I cannot really help. CCCS will look at your budget and advise you. Don't sit there fretting about it. Ring them and keep ringing them until you have it all sorted and are happy. In the meantime do not buy anything that is not absolutely necessary. Look around the house for any junk you could sell and start thinking of all the ways that you could save and make money. Good luck.

Time_to_face_the_music

Hopelessly_Hopeful wrote: »

Please can I come back as a gerbil?!

It's free too

HHx

:rotfl::rotfl::rotfl:

NaughtySpot

sammyboyblue wrote: »

We have made 4 payments into our DMP but unfortunately i have been made redundant, i tried to change our income and expense form on payplans web site to reflect our new house hold income but payplan have said there is now a deficit and they wont be able to help. I have a budget review with our case worker on the 29th. As any one any experience in these situations, will i be advised to go down bankruptcy/IVA route.

thanks sammyboyblue

So sorry to hear this
I can't advise apart from we looked at an IVA before our DMP and you do still have to make monthly payments so maybe this won't be an option. Have you any money to service your debts now?

sammyboyblue

NaughtySpot wrote: »

So sorry to hear this
I can't advise apart from we looked at an IVA before our DMP and you do still have to make monthly payments so maybe this won't be an option. Have you any money to service your debts now?

I will only get 2k redundancy my wife is working but it is not on a great wage around 16k a year i was the main earner. Our DMP we were paying £744 a month so we cant afford this now, it was a struggle with me working.

thanks sam

2spicy

southernbelle wrote: »

I have a number of debts which are being handled very well by Payplan. I just have one question - in December I will have some extra cash - am I able to offer a full and final to one creditor only? I want to offer £300 to Wonga - will this effect the rest of my DMP?

Thanks

Still paying interest to HSBC who are the most unhelpful bank ever. Have been with them for 17 years and very unhappy with the "service" since I've been in difficulty.

You can do whatever you want ... if one creditor has been particularly understanding, then you can choose to settle the debt with them.

If you want to pay off or make an offer to pay off a creditor, you can. Personally, I would contact your DMP company, and tell them what you want to do. If your outstanding debt with Wonga will remove them as a creditor, DO IT !!!.. then just keep making the same DMP payments each month so the rest of your creditors receive a little more.

We plan to do the same, Barclays have been very understanding, Froze interest immediately and have genuinely been nice about the whole debt thing. Were saving to offer them a full and final settlement.

SARAHJANE

:mad: we,ve been getting help off the nationdebt advice line , they have recommended that we enter a dmp. so i have done the final paper work and sent it off. im just wondering how they work ,we have £106 spare each month & our debt is about 30k . how many years wiil we be under the dmp plan . :eek: