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dmp...how

How long is everybody's DMP gonna last...payplan have said for us is 28 years:eek: how about you ....
Proud to be No. 61 in the DMP mutual support group.

Comments

  • lonely_2
    lonely_2 Posts: 343 Forumite
    4 years if they stop interest, longer if not, less if i can make over payments...

    remember that they cannot know what your circumstances will be like for the next 28 years...you may get a better paid job, the law might change (in our favour), you may win the lottery...so don't be put off by this figure.

    just be proud you are doing something!
    I'm moving on up now,
    Out of the darkness,
    My life shines on, my life shines on, my life shines on ;)
    Member of Payplan since March 2007 (realistic debt free date May 2011):T
    No 17 of the Mutual Support Club and proud of it :p
  • lz544w
    lz544w Posts: 18 Forumite
    I'm not with Payplan or CCCS, but I do have agreements in place with all my creditors. At the current rate of paying them off, I'm looking at about January 2013 when I will be debt-free - which includes the mortgage.

    It doesn't sound too bad, I suppose, but I have been paying most of these agreements since about 2001, and one since 2002.
    LBM: Some time in 2001
    Debt at LBM: Around £92,000 including mortgage
    Debt at 21 April 2007: £60,124.16 still including mortgage (£23,153.36)
    Debt at 21 May 2007: tbc still including mortgage (tbc)
    Estimated DFD: [STRIKE]December 2012[/STRIKE] August 2012
  • Hoping to be able to pay more at the yearly review.
    Proud to be No. 61 in the DMP mutual support group.
  • Hobsch
    Hobsch Posts: 613 Forumite
    December 2011 - seems so far away. But everytime I make a payment however big or small the debt is reducing.
    Total Debt now £22,525.07 Start Debt £32,732.36
    £10207.29 OF DEBT PAID OFF:j 31.18%
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