DMP & Mutual Support Thread - Part 9

Find_The_Real

Thanks for pointing that out HH as I don't always check that thread out, I have since gone over and posted as Femi has been instrumental in offering excellent advice.

I'm in a better mood than the other day having scored bonus points against the latest DCA who wasn't a happy bunny at being made to look an idiot. I'll be on his little hit list from now on.

I hope everyone all has a good weekend and enjoys the sunshine.

Hopelessly_Hopeful

Find_The_Real wrote: »

Thanks for pointing that out HH as I don't always check that thread out, I have since gone over and posted as Femi has been instrumental in offering excellent advice.

I'm in a better mood than the other day having scored bonus points against the latest DCA who wasn't a happy bunny at being made to look an idiot. I'll be on his little hit list from now on.

I hope everyone all has a good weekend and enjoys the sunshine.

That's the spirit

HHx

ianmak

Hello all.

Could I get a bit of advice please? I've just sold my flat and moved in with my partner and kids.

Because of that I have a lump sum that I'd like to offer as F&Fs to creditors. PayPlan have offered to negotiate, but they're insisting I complete a new Financial Statement.

I'm not sure where I stand here. The debt is mine only, and it was easy in the past cos I knew what my incomings and outgoings were.

So for the new statement, should I include my partner's part time wage? Tax credits? Child Maintenance payments? Child Benefit? (I think PP want me to include this).

I'm expecting to pay out for partners and kids, so should I include that on the statement?

Or should I just keep everything single and to myself? So separate everything between me, and partner and kids.

Any advice grateful!

Hopelessly_Hopeful

ianmak wrote: »

Hello all.

Could I get a bit of advice please? I've just sold my flat and moved in with my partner and kids.

Because of that I have a lump sum that I'd like to offer as F&Fs to creditors. PayPlan have offered to negotiate, but they're insisting I complete a new Financial Statement.

I'm not sure where I stand here. The debt is mine only, and it was easy in the past cos I knew what my incomings and outgoings were.

So for the new statement, should I include my partner's part time wage? Tax credits? Child Maintenance payments? Child Benefit? (I think PP want me to include this).

I'm expecting to pay out for partners and kids, so should I include that on the statement?

Or should I just keep everything single and to myself? So separate everything between me, and partner and kids.

Any advice grateful!

Hi Ian


Congratulations on the sale and moving in

What sort of % FF are you looking at?

If it was me Id negotiate myself with the preditors. You can do it!

Let us know what you decide to do and how you get on.

Good Luck HHx

Time_to_face_the_music

Hopelessly_Hopeful wrote: »

Knock knock peeps

The debt free roll of honour board thread is worth subscribing to for inspiration. Noticed today that Fermi is debt free. Fermi gives lots of support to keeping the boards going so it would be nice if people could consider popping over to congratulate her own personal significant achievement.

https://forums.moneysavingexpert.com/discussion/comment/62253205#Comment_62253205

And finally, hope it's a beautiful start of the weekend for you all

HHx

Thanks for pointing that out HH. Fermi really deserves some special congratulations and thanks :A

Glad to see everyone is doing well and the thread is very active with fantastic support from/for everyone :T

Life plods on here. Main priority at the moment is endowment shortfall so most money is going towards that but debt is edging down too. We hope to hit a big target of being in the £40Ks by the end of this month and another 3 months should see our next debt paid off. :j

Can't wait until this time next year when hopefully we will be mortgage free and can start directing much bigger payments back to the debt. There I go, wishing my life away again

Happy sunny weekend everyone :beer: < low carb beer before twin starts!

TTFTM x

scared1

Hello all.

Could I get a bit of advice please? I've just sold my flat and moved in with my partner and kids.

Because of that I have a lump sum that I'd like to offer as F&Fs to creditors. PayPlan have offered to negotiate, but they're insisting I complete a new Financial Statement.

I'm not sure where I stand here. The debt is mine only, and it was easy in the past cos I knew what my incomings and outgoings were.

So for the new statement, should I include my partner's part time wage? Tax credits? Child Maintenance payments? Child Benefit? (I think PP want me to include this).

I'm expecting to pay out for partners and kids, so should I include that on the statement?

Or should I just keep everything single and to myself? So separate everything between me, and partner and kids.

Any advice grateful!

Hi there,

I have just got married and moved in with wife . She is currently looking for work and we have a child. Step change told me to wait for a month to see what the difference in bills etc are. They told me to make a budget with everything on and then leave a section for spouses contribution (this would include her income, child benefit, carers and dla for our daughter). I don't have to name her on the plan as the debt is mine but as I live with her her benefits have all stopped bar the ones above so as the sole income I have increased outgoings for rent etc.

I found them so reassuring when I contacted them about this. Maye have a chat and see if its the same for you. Good Luck!

Back_on_budget

More good news in the post today. After a few months of letter wringing, Lloyds have finally agreed to default our loan account and 2 x overdrafts. They are also refunding the interest charged since September (£2300) and chucked n £100 compensation as well. :j

This will bring us back on track for our DFD.

It goes to show that if you keep trying, they will eventually do the right thing!

Time_to_face_the_music

Back_on_budget wrote: »

More good news in the post today. After a few months of letter wringing, Lloyds have finally agreed to default our loan account and 2 x overdrafts. They are also refunding the interest charged since September (£2300) and chucked n £100 compensation as well. :j

This will bring us back on track for our DFD.

Great news on Lloyds TSB :T

They have recently refunded the last of our interest too and thrown in a £75 cheque :j

Back_on_budget wrote: »

It goes to show that if you keep trying, they will eventually do the right thing!

I would love to believe this is true and while I firmly believe hard work and persistence pays off with some creditors, sadly others will never back down.

.... are you listening M&S? :mad:

bertman

We are now at the anniversary of the 1st year start of our DMP with SC. After the usual shaky start that I think everyone experiences we got into the rhythm of paying SC every month and slowly all the creditors stopped interest and accepted the plan. Some of them sold on the debt which worried us at the time but they all accepted as well. We have now paid off £6500 of the total which still means we have a long way to go but in the next 12 months we will find the smaller debts will be paid all together so the remaining cash from our payments will go towards the real monster debts. I will also have paid off my outstanding debt to the lovely HMRC so that will free up some more cash. I will be changing my budget to allow us more money for food etc. At the moment we live like church mice but we do need to start looking at repairs to the house so will need to start a new emergency fund, we need new gutters, fences, we are still struggling with a cooker that is on its last legs so somehow we will have to get some cash to do this.

I can honestly say that going down the DMP route is the best thing we ever did, when our business collapsed we were in a very dark place but this forum and in particular the likes of TTFTM & HH gave out some very good advice. To anyone who is in a panic, get a cuppa and read the threads from beginning to end, you will get loads of info and then track all your debts. Ring SC - they will have heard all the stories of woe before, they don't judge you. I have said before on this forum, its like having a big brother or minder on your side, as soon as you mention SC to the creditors they mostly back down.
Have a great Sunday everyone - the sun is shining!!!

ianmak

Thanks peeps, I think I will wait to see how the bills work out this month. PayPlan have suggested a Full and Final IVA. I take that with a pinch of salt as they've always been a bit pushy with those...

I'll work out how much I've got left and suggest offers.