DMP advice please

925pws

Hello everyone,

Lightbulb moment 08/05/2012!

I have received the information pack from CCCS but have a few queries.

1. Do I stop paying creditors now by cancelling the DDs? If I do will this not count as a default? Should I even be worried about this?

2. Do I set up another bank account or can I use my current bank account as I am not in overdraft? My current account is also with one of my creditors.

3. I am in the process of moving house so can I send my change of address with the letter saying I'm going to be starting a DMP to my creditors?

I'm just so unsure of what to do when?

Many thanks.

maxdickinson2003

CCCs advised me to cancel DD and offer token payments until DMP set up also advised that I change my bank account just been accepted for a basic bank account with Barclays if you ring them they will let you know which bank would be the best to approach

~Beanie~

925pws wrote: »

2. Do I set up another bank account or can I use my current bank account as I am not in overdraft? My current account is also with one of my creditors.

Even if your account isn't in overdraft, if you have other debts with the same company then you need to open a new account with someone you don't owe any money to.