DMP & Mutual Support Thread - Part 9

Hopelessly_Hopeful

eyeopener2 wrote: »

See, said I was rubbish!

You made it easy to find! Just a few extra letters in there. Easiest way is to click in the address bar then right click the mouse and select copy.

I m expecting you to practice and sent me a PM, I have news for you

HHX

tomandjerry

Evening all,

I have a question which may have been asked and answered before: Has anybody here had their debt written off after being on DMP for 6 years and before they managed to pay it all off?
Many thanks, T&J

dmb_2

Good Evening and welcome to all newbies

Have recently been in contact with Cashflow who have given lots of good advice about self-managed DMP. They said you need to speak to an advice agency before you go with them. Is this something like NED CAB which others have spoke highly of?
Thanks

Time_to_face_the_music

dmb wrote: »

Good Evening and welcome to all newbies

Have recently been in contact with Cashflow who have given lots of good advice about self-managed DMP. They said you need to speak to an advice agency before you go with them. Is this something like NED CAB which others have spoke highly of?
Thanks

NED CAB is a fully online self managed DMP, you don't need to speak to anyone to use their system.

To use CASHflow, you need to speak to an approved debt advisor. From their website:

"You can contact a local advice agency to check if they offer CASHflow. You can find a list of free advice agencies that are near to you by searching for a money adviser in England or Wales, Scotland, or Northern Ireland.
Alternatively, you can call National Debtline on 0808 808 4000."

I thought the links showed you lists of localities of approved advisors but when I click on them, I get a link to the Ministry of Justice and legal advisors/family mediators!

I think it's PinotGrigio41 who uses Cashflow but HH will correct me if I am wrong. You could try sending her a message via her diary.

Hopelessly_Hopeful

Hi

It is Mrs PG but I think she may be going alone and trying some UE just now. Worth an IM

HHx

debtfree77

Hi All,

All quiet here on the DMP front . I know its only been 2 weeks since i mailed my creditors and Stepchange activated my DMP, but i have not heard anything ! no calls, no mail etc etc, is this normal , i thought i would have had something to say whether the DMP has been accepted etc etc. I know it probably down to being up to date with all my repayments for this month thats gonna change in just over a weeks time. It would just be nice to know where i stand and whats going on.

How is everybody else experience with the initial contact from the creditors? and the acceptance of their DMP?

zenshi

This is my first month writing a spending diary and it really is an eye opener! It's a bit erratic as both my kids came for for a few weeks but I have something to work on for next month

Mossop01

debtfree77 wrote: »

Hi All,

All quiet here on the DMP front . I know its only been 2 weeks since i mailed my creditors and Stepchange activated my DMP, but i have not heard anything ! no calls, no mail etc etc, is this normal , i thought i would have had something to say whether the DMP has been accepted etc etc. I know it probably down to being up to date with all my repayments for this month thats gonna change in just over a weeks time. It would just be nice to know where i stand and whats going on.

How is everybody else experience with the initial contact from the creditors? and the acceptance of their DMP?

Hiya its early days yet, alarm bells dont start ringing until u have missed payments, some creditors let u know that the plan has been accepted, most of mine i had to chase up and the next minths statements showed they had stopped interest. There was only mbna that acknowlegded the plan straight away. It does settle down quite quickly tho. It'll be fine. Always a worry at the beginning but have faith x

Mossop01

Woohoo checked SC online and statements ready to view, ive updated signature accordingly, its great tine see that big fat debt sum reduce!! So pleased!!

anxious2

debtfree77 wrote: »

Hi All,

All quiet here on the DMP front . I know its only been 2 weeks since i mailed my creditors and Stepchange activated my DMP, but i have not heard anything ! no calls, no mail etc etc, is this normal , i thought i would have had something to say whether the DMP has been accepted etc etc. I know it probably down to being up to date with all my repayments for this month thats gonna change in just over a weeks time. It would just be nice to know where i stand and whats going on.

How is everybody else experience with the initial contact from the creditors? and the acceptance of their DMP?

Hi, glad to hear it is all quiet so far! We started ours this month, although we delayed starting it so we could get the emergency fund going. This means that our creditors have actually known about it since Feb, and we have been pleasantly surprised at the lack of contact! We have never received a single phonecall, and all the letters have been pretty understanding. I kept waiting for this earth-shattering fallout, which never came. Most have stopped or vastly reduced interested from our initial letter, and so we've not had to spend much time at all stressing/panicking/not sleeping. It's been so much better than expected. Just to add, we only had two letters accepting the dmp, from MBNA and NRAM. The rest we only knew about from the lack of charges and interest on our statements, so don't expect to hear much on that front. Hope your continues to be smooth sailing too!

We had a lovely letter from Blair, Oliver and Scott about our joint loan, stating that they require immediate payment on behalf of their 'clients', BOS. Makes me laugh when it says directly on the letter that they are wholly owned by BOS! OH is now panicking that someone is going to turn up on the doorstep to take all our worldly possessions, despite me telling him they can't actually do that. The letter says they 'may' do this or that, but I'm fairly certain they will actually do none of it once the money starts coming in. I am slightly concerned about this one though, as the fact that we have been defaulted and passed on barely two months in tells me they probably don't know about the DMP. Was going to write to BO&S just reminding them of everything I sent in my original letter to BOS, does that sound like the right thing to do?

Hope you're all ticking along nicely, we are getting there!!