DMP & Mutual Support Thread - Part 9

Growurown

redscorpion1 wrote: »

Just about to start on the Journey with a 6 year DMP from Payplan. Me and my wife currently own around £25000. Reading everybody's posts on here makes me feel a whole lot more positive about it. Its going to be a long journey but looking forward to taking control of my finances again and stopping the spiraling debt.

:hello: Welcome redscorpion1, we are all in the same boat here so welcome aboard. This thread and the lovely people here are so generous with their help and support and really helped me out when I started on my DMP two years ago. Stick around and any questions or problems you may have I am sure you will find answers and support here.

Hopelessly_Hopeful

redscorpion1 wrote: »

Just about to start on the Journey with a 6 year DMP from Payplan. Me and my wife currently own around £25000. Reading everybody's posts on here makes me feel a whole lot more positive about it. Its going to be a long journey but looking forward to taking control of my finances again and stopping the spiraling debt.

Warm welcome to you

Good luck for a smooth set up

HHx

Debtfree_angel

Hi all,

Just wanted to get a little advice please - I've just begun sorting through all of my debts and the like, and I've had a conversation with a company who say they can put a DMP in for me but then received lots of advice to use StepChange or similar. Could anyone let me know what their experience of StepChange is like - do they manage the matter entirely or will I still need to liaise with creditors based on their advice?

I've also heard about PayPlan - anyone have any experience of them?

To be honest I'm a total novice and any advice anyone has as to where to start would be really much appreciated.
Thanks

antonic

I can only comment on payplan and would recommend then to anyone who is dealing with their debts

They have helped me clear £24k debt over 90 months.

Hopelessly_Hopeful

Debtfree_angel wrote: »

Hi all,

Just wanted to get a little advice please - I've just begun sorting through all of my debts and the like, and I've had a conversation with a company who say they can put a DMP in for me but then received lots of advice to use StepChange or similar. Could anyone let me know what their experience of StepChange is like - do they manage the matter entirely or will I still need to liaise with creditors based on their advice?

I've also heard about PayPlan - anyone have any experience of them?

To be honest I'm a total novice and any advice anyone has as to where to start would be really much appreciated.
Thanks

Welcome

I would say go with one of the three charities or do it yourself rather than a fee paying one.

For me SC were life savers at the beginning of the plan and I will always be grateful for that. I came to realise that no one was going to look after my money and interests better than I would so eventually went self managed.

If the fee paying companies were worth their salt they would give money back guarantees. They don't. Most of us would say why pay them for something you don't need to that could be paid off your debt.

Please let us know what you decide to do.

HHx

bmma

Stepchange works for me,always ready to listen to you and they know the financial stuff, good luck. bmma

GonnaBeatThis

As the title suggests after much procrustination i have contacted Stepchange to set up a DMP.
I Have the paperwork just got to sign it and send it.
I've been reading this forum (and this thread in particular) for far too long without acting!

Just a few questions:

Is it best to pay any extra money (ebay, payrise, Bonus) to the DMP or try to build a savings pot for future F & F offers?

When it comes to creditor hassle or not freezing intrest, should I just let stepchange deal with it or should I use template letters to do it myself? or will a combination of the 2 have the best effect?

Whats the best way to make Token payments as I don't have chequebook and I don't want to give my creditors my new Bank A/C details?

Sorry about the ramblings just a lot of questions going round my head.

Hopelessly_Hopeful

Anyone watching superscrimpers food special?

Worth a look - a is this website they refer to http://agirlcalledjack.com/

HHx

Hopelessly_Hopeful

GonnaBeatThis wrote: »

As the title suggests after much procrustination i have contacted Stepchange to set up a DMP.
I Have the paperwork just got to sign it and send it.
I've been reading this forum (and this thread in particular) for far too long without acting!

Just a few questions:

Is it best to pay any extra money (ebay, payrise, Bonus) to the DMP or try to build a savings pot for future F & F offers?

When it comes to creditor hassle or not freezing intrest, should I just let stepchange deal with it or should I use template letters to do it myself? or will a combination of the 2 have the best effect?

Whats the best way to make Token payments as I don't have chequebook and I don't want to give my creditors my new Bank A/C details?

Sorry about the ramblings just a lot of questions going round my head.

Welcome

Suggest squirrel any extra money into an emergency fund.

Tokens can be done with post orders (there's a charge) or internet banking.

SC don't do much to get interest reduced but we can help you with that. we have a good track record on this thread

Please don't apologise, we have all been there. Just remember how you feel and that everyone has something to give so pop in to help others from time to time please.

HHx

GonnaBeatThis

Thanks for the reply

Reading 'agirlcalledjack' really puts my stupid & wasteful overspending into some perspective!