Help with Payplan interview.42000.00 in debt

somewhere_up_there

Have a phone interview with Payplan on Friday.
Any advice?
Have debts of 42000.00{all credit cards]
All credit cards.
List debts
Incomings
outgoings
Pension pot
Savings
Any other debts[ thankfully not]

What should i expect from interview.

Rang card companies today.
Virgin helpful
Barclaycard very helpful.

Both advised payplan.

Did speak firstly to an unhelpful person at barclaycard, dishing out illegal advice.

Said i would have to go into arrears before i could get any help.

Starting list now

First day of sorting out debt.
Tried to keep up with payments for last four years.
Used up all savings.

I want to pay my debts but it is now becoming impossible.

Payplan_company_representative

Hi somewhere up there. Don't think of it as an interview, the purpose of the call is to assess your current situation and to see what options are available to you. You have detailed above the information that you will need for the call. Don't panic and let us know how you get on

poppasmurf_bewdley

Is Payplan a Charity or a Company?

If it's a company, and it's not making any charges to you, how is it making money? Does it take a rake off from the money you would pay to creditors, thereby reducing your payment and extending the time you have to pay?

Why not contact one of the charity organisations that will provide free help, like CCCS - Consumer Credit Counselling Service.

Note: Having read the two posts below I now realise that Payplan are Goodies, not Baddies!

Tixy

Payplan are a commercial company but they don't take a cut of a debtors monthly payment for a DMP. They make their money from other sources, such as selling IVAs and from contributions from the finance industry.

They are now one of the places recommended officially by MSE, and in fact if you go to CAB and they recommend a managed DMP they now refer you to Payplan.

rdchick

Payplan are basically the same as CCCS I believe

lillibet_dripping

Hi Somewhere!
You must have been the person after me in the queue yesterday!!! I spoke to Payplan at 3.30 p.m. and also have my phone 'interview' booked for Friday.
I thought, having taken the first scary step, that I would be able to sleep tonight for the first time in ages, but find myself wide awake at silly o'clock with figures still going round in my mind:o

Will follow your progress with interest as it will almost exactly mirror mine!

Lilly

P.S. Have also just opened (at 1.10 a.m.!!!) a Co-op account online and will prepare to ditch the Halifax account tomorrow.

fatbelly

Tixy wrote: »

They are now one of the places recommended officially by MSE, and in fact if you go to CAB and they recommend a managed DMP they now refer you to Payplan.

Ahem...I'm not saying it doesn't happen. But CCCS won the right to be the CAB's 'preferred debt management partner' a year or so back, so in theory referrals should be to CCCS.

somewhere_up_there

Hi Lilly.
Awake same as you.
Co-op already done, just sending proof of address and identity.
Filled in an soa ready for Friday.
Is not looking good.

How much are you in Debt for if you do not mind me asking.
Scary figures.

somewhere_up_there

Went to Payplan, as that is who barclaycard and virgin recommended.

Payplan_company_representative

fatbelly wrote: »

Ahem...I'm not saying it doesn't happen. But CCCS won the right to be the CAB's 'preferred debt management partner' a year or so back, so in theory referrals should be to CCCS.

Fatbelly,you are correct as CCCS did tender with Citizens Advice Bureau to be the preferred provider for debt management plans and this is currently being piloted. However bureau’s involved in the pilot are expected to remain impartial and to offer the client a choice of free to client debt advice agencies, such as Payplan.

Tixy

fatbelly wrote: »

Ahem...I'm not saying it doesn't happen. But CCCS won the right to be the CAB's 'preferred debt management partner' a year or so back, so in theory referrals should be to CCCS.

Oops, must have mis-remembered something you'd posted back then, thought it was Payplan.