Debt Management Plans - do they work

Scottishmummy

Come along and join us on this thread too. You'll get some great dmp advice here

http://forums.moneysavingexpert.com/showthread.html?t=388366

spideyneedshelp

ok i have just spoke to someone from payplan,and have an appointment call with them next tuesday,they were very nice and friendly and more than helpful,more than i have come to expect from these companys,i am worried about the money i have lost to this other company,and the fact my creditors are getting at me and threatening legal action,due to being in arrears and not having payed them,but hopefully,HOPEFULLY,i can start to get this all sorted out properley witht he help i need so i can start enjoying the prospect of becoming a father instead of dreading it

fallen_angel_5

Hello,

Im a newbie to the forum and am desperate for some advice.
I have already contacted Payplan who have been really good, but now I am faced with the decision of which route to take, debt managment plan or IVA??

Im 27 and a working mum. Im really ashamed to say that I have debts of£20,00 (the largest being a HSBC loan for £15,500).

I want to make the best decsion for mine and my daughters future as I do not yet have a mortgage etc.

I have researched the pro's and con's on both options and each time find a different fact on each.

I would really appreciate any info that any of you guys or gals may have, or to hear from any who has been faced with the same decision.

Thanks Fallen Angel

southern_chick

Hi FA
try posting this again as your own thread and hopefully you'll get some answers

SC XX