What does this means (Question about DMP)

bestmummy

I've only just made my first payment on DMP so it's all new to me. I'm now starting to get statements from my creditors and there are a few things that are making me confused.

So far I can see that one of my creditors has accepted the DMP as they are not charging interest and are not gonna charge next month but then there are other creditors that accepted the payment have not charged £12 fee they usually charge if you don't make the payment or if it's not enough but they are asking for last months payment as well as this month together... so what does this exactly means? Did they accepted the DMP? Or will they start charging £12 fee from now on?

Also 2 of my creditors didn't get any money (because my DMP only started now - although all payments were already sent out), they didn't charge me the £12 fee but added interest, is this normal? Are they likely to accept the DMP when they do this or not?

Should I tell my advisor about the interest or should I wait for a while to see what happens?

Many thanks

Tixy

I'd probably suggest you give it another month to see what then shows from each creditor. Depending on timing of the payment / the statement / the actual date they read you DMP advisors letters some will act slightly slower than others.

Some will never formally accept your DMP, but hopefully most will stop charging interest & charges. If next month some are still charging interest then speak to your DMP advisor to see if they will send out another letter requesting its frozen.

The 2 that didn't get any money but didn't charge anything - that sounds promising that they will accept your payments and freeze interest/charges.

Good luck