DMP been cancelled - what do i do now??? Please Help

Hazel673

Been in a DMP with CCCS for a couple of years now and was going OK untill recently. Due to a lot of factors (mainly my own fault) I've had a letter today to say CCCS are closing the DMP after 1 too many missed direct debits. I understand why they have done it and accept it but I don't know what to do next. I have made the contracual (sp) monthly payments to creditors this morning before the post arrived, so that should keep them off our backs for this month at least, but what happens then? Can I just continue doing this every month? Do I need to tell the creditors that CCCs have 'sacked' us? Can I set up another DMP with someone else or will thye not take us after this? Really don't know what to do. Please help. TIA

DS4215

You could always do the DMP yourself if you can continue to send off the usual payments. Inform them in writing that you are taking over management and will continue to make the agreed payments.

Bettingmad

Try http://www.payplan.com/ or go it alone as above advised.

Ilovechocmilk

I went it alone three years ago and am pleased I did, I feel more in control and talk direct to my creditors rather than through a company.

lisa701

I've thought about going it alone but I sort of worry about what I'm letting myself in for. I've been on a DMP with the CCCS for a few years now but when my husband was made redundant before Christmas I found them less than sympathetic when I said I could not make the December payment as there was nothing in the bank account.

Whilst I understand their point, hubby never asked to be put out of work and we were under a hell of a lot of stress as my income isnt enough to cover the mortgage & utility bills let alone food, transport to work, CCCS etc. I even offered to pay double the next month but they refused to accept it. Took me numerous calls before they finally agreed to let the DMP continue.

Maybe I should look into going it alone.

Depth_Charge

Hi

People struggling in payment arrangements are becoming a familiar story and very likely to get worse given the economic climate and less than optimistic outlook.

What are people supposed to do in these type situations, they still need and very much deserve help and support or what is the point?

Much more flexibility with payments is and will be needed in my opinion especially where unforseen changes of circumstances are concerned, both short and long term.

Information here on two IMA award winning Assisted Self Help Debt Management resources / tools from Cashflow and Citizens Advice (there are also numerous other self help systems around)

Creditors are still supposed to adhere to the OFT guidelines on debt collection if you self administer or use a debt advice agency - no different

http://www.cashflow.uk.net/

http://www.mymoney.nedcab.org.uk/moneyadvice/

http://www.mymoney.nedcab.org.uk/moneyadvice/ (example of completed plan

Lensman_2

It is possible to manage your own debt plan.

But I strongly suggest you keep up the agreed repayments religiously from now on.

You need to write to all of your creditors explaining that you are now arranging your own affairs and that all communication should be to you (in writing only).

They might get a bit uneasy during this time - money in their pocket will speak more loudly that any words in a letter.

You should not be shy of phoning a charity for advice either - see my signature and Depth Charge's post above.

Depth_Charge

Lensman wrote: »

It is possible to manage your own debt plan.

But I strongly suggest you keep up the agreed repayments religiously from now on.

You need to write to all of your creditors explaining that you are now arranging your own affairs and that all communication should be to you (in writing only).

They might get a bit uneasy during this time - money in their pocket will speak more loudly that any words in a letter.

You should not be shy of phoning a charity for advice either - see my signature and Depth Charge's post above.

Hi

Yes, very good post Lensman

Ill second it.

Hazel673

Wow - thanks for all the replies. Sorry I didn't reply sooner - went a bit "head in sand". I have phoned all our creditors yesterday (as CCCS said they'd be writing to them, so wanted to get in forst), and all bar one have said they are happy to continue with the arrangement taking payments directly from us. I will also make sure this is in writing. The only problem is with Natwest, who say they need a new income/expenditure from us and will need to review it. Can they do this? I have a letter of agreement from htem agreeing to the current reduced payments and nothing has actually changed for them except who the payments are coming from. Thanks for the links Depth Charge. I know its pretty unlikely I'll be abe to do this totally alone so they will come in very handy!

Hazel673

Ilovechocmilk wrote: »

I went it alone three years ago and am pleased I did, I feel more in control and talk direct to my creditors rather than through a company.

Do you manage it completely alone - with no help from anyone? I'm a bit scared to try this.

Issuma

I manage my own DMP the hard part was at the beginning but since then its been fine, you already have everything in place so write to your creditors tell them that moving forwards you have decided to manage this yourself and that you will be continuing with your payments on a regular basis............that's the really important part do not miss any payments, if something unexpected crops up and you can make a payment or need to pay less contact them straight away, they can get stroppy with you if you mess them around, a DMP whether managed by a company or yourself is an agreement on both sides, if you don't keep your side of the agreement they may not keep theirs.

I can honestly say that I've had no problems with any of my creditors at all, they have all been very reasonable with me but I have never missed any payments or paid late.

Good luck, here to help if you decide to go it alone.