My dmp startout journey

Wellyboots6

Is it worth googling, or searching the forum for 'postal address for X bank'? Or something along those lines? Or even ring them up yourself if there is a contact number and ask where you should send your letters? Do it anonymously though!!
I can't remember how I worked out what address to send letters to, I think it was to the address I would usually have sent a cheque to for payment (or re-phrase that, should have sent a cheque to!)

PinotGrigio41

Hi ,
Ive just stumbled across this thread and it sounds as though you are both doing really well to date. Both in having your LBM and now getting things moving. The MBNA letter I would send to the head office and somewhere ( and Im sure its on MSE) is a list of addresses of where to send the letters. If I get a chance I will take a look for you tomorrow. One word of advice, although it may have been mentioned and I have missed it, is to make sure you send all the letters recorded so that you have proof that the creditors have received your letters. You may find a few creditors will respond to your quickly and hopefully favourably, but a few others may take a bit of cajoling ! Once you enter into a DMP, you are one the road to default, but really thats the best thing in the long run. Once you enter into a default after 6 years will fall off of your credit file whereas if some default immediately, then say another creditor waits a year or so before defaulting, it will take longer for the defaults to drop off of your file. If you can manage to make token payments for a month or two and make sure you save some money to put in your emergency fund, it will make you feel less panicky about not having the dreaded credit card to fall back on.

We are only in the early stages of our debt free journey, you will see from my signature we have a hell of a long road ahead, but already I can see light at the end of the tunnel and am sleeping much better for it and am far more relaxed. The guys on here are great and will keep you motivated and calm any fears you may have.

Good luck, I will keep dropping by to see how you are doing !

PinotGrigio41

Sorry I'm back again ! If you call CCCS they should be able to give the correct addresses to you .:)

Rochdale_Guy

Thanks katy721,

I was just about to delete that post as I have started a separate thread, but obviously won't know as you have posted a reply!

https://forums.moneysavingexpert.com/discussion/3780413

Got a minute to read my latest meltdown?

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Rochdale_Guy

PinotGrigio41 wrote: »

Hi ,
Ive just stubbled across this thread and it sounds as though you are both doing really well to date. Both in having your LBM and now getting things moving. The MBNA letter I would send to the head office and somewhere ( and Im sure its on MSE) is a list of addresses of where to send the letters. If I get a chance I will take a look for you tomorrow. One word of advice, although it may have been mentioned and I have missed it, is to make sure you send all the letters recorded so that you have proof that the creditors have received your letters. You may find a few creditors will respond to your quickly and hopefully favourably, but a few others may take a bit of cajoling ! Once you enter into a DMP, you are one the road to default, but really thats the best thing in the long run. Once you enter into a default after 6 years will fall off of your credit file whereas if some default immediately, then say another creditor waits a year or so before defaulting, it will take longer for the defaults to drop off of your file. If you can manage to make token payments for a month or two and make sure you save some money to put in your emergency fund, it will make you feel less panicky about not having the dreaded credit card to fall back on.

We are only in the early stages of our debt free journey, you will see from my signature we have a hell of a long road ahead, but already I can see light at the end of the tunnel and am sleeping much better for it and am far more relaxed. The guys on here are great and will keep you motivated and calm any fears you may have.

Good luck, I will keep dropping by to see who you are doing !

Thanks PinotGrigio41.

I would be interested in finding that info on the MSE site.

Rochdale_Guy

Sorry scared-sick, I will post in my other new thread instead of using yours!

https://forums.moneysavingexpert.com/discussion/3780413

Wellyboots6

Rochdale_Guy wrote: »

Got a minute to read my latest meltdown?

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Always got a minute to read your latest meltdown, distracts me from my own

Rochdale_Guy

Oh behave, it's not funny...... :rotfl:

Now, which thread am I replying in? I haven't got a clue :cool:

I owe certain people a PM. Be back soon!
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Rochdale_Guy

Hey scared-sick, FabuLass and katy721 - it's just passed 6 months now this thread started. How are you all doing please? I'd like to hear how you are doing half a year down the line.

Thanks

cleokat

Just read through this thread as I'm just starting out on DMP. How are you doing 6 months on? Has it been worth it?