DMP & Mutual Support Thread - Part 9

LadBroke

Hello again !

I am about to write to my creditors and was just wondering how the following reads, could I have forgotten any expenditure item ?

Dear Sir/ Madam,

I have already informed you that I wish to continue with my DMP , even though CCCS /StepChange have decided to close my account.

I wish to continue paying you the amount that has been agreed between you and above charity and would like to ask you to provide your account details.

I understand you have requested information about my monthly “Income & Expenditure” therefore I will now provide it. Please note that I am a tenant living in rented,furnished accommodation.

Salary paid: 1569 GBP (net amount)

Rent: 150 GBP (paid in cash every Saturday,this amount also covers TV licence and almost all utilities)

Electricity: 6.00 GBP (monthly total, e-meter)

Food / Drink: 320 GBP

Railseason ticket: 135.60 GBP (monthly payment)

Mobile phone: 27.00 GBP (ORANGE Works)

Laundry: 12.00 GBP (monthly)

Haircut: 10.00 GBP (monthly)

Clothing: 10 GBP monthly

Debt payment: 440.00 GBP (monthly payment for a total of 10 creditors)

Growurown

Time_to_face_the_music wrote: »

Hi everyone :hello:

Welcome to all newbies and it's good to see some familiar faces here too. I feel terrible because I haven't popped in for so long but have some bad stuff going on with redundancy situation at work and have been buried under all of that.

Hi TTFTM :wave:

Hope this works out for you. I was in a similar boat last year and it is very stressful especially when you don't know what is happening. I was on edge all the time awaiting the next announcement from the company about their future plans, and how it would affect my job.

Good news on the debt busting though:j

Growurown

LadBroke wrote: »

Hello again !

I am about to write to my creditors and was just wondering how the following reads, could I have forgotten any expenditure item ?

Dear Sir/ Madam,

I have already informed you that I wish to continue with my DMP , even though CCCS /StepChange have decided to close my account.

I wish to continue paying you the amount that has been agreed between you and above charity and would like to ask you to provide your account details.

I understand you have requested information about my monthly “Income & Expenditure” therefore I will now provide it. Please note that I am a tenant living in rented,furnished accommodation.

Salary paid: 1569 GBP (net amount)

Rent: 150 GBP (paid in cash every Saturday,this amount also covers TV licence and almost all utilities)

Electricity: 6.00 GBP (monthly total, e-meter)

Food / Drink: 320 GBP

Railseason ticket: 135.60 GBP (monthly payment)

Mobile phone: 27.00 GBP (ORANGE Works)

Laundry: 12.00 GBP (monthly)

Haircut: 10.00 GBP (monthly)

Clothing: 10 GBP monthly

Debt payment: 440.00 GBP (monthly payment for a total of 10 creditors)

Hi Ladbroke, these are some of the things we have on our list you haven't got. They may not apply to you of course. Your food/drink amount seems high, is this just for you? If this amount includes leisure activities that is one on my list you can cross off!

council tax (I'm assuming this is already included in your rent)
insurance (contents?)
prescriptions
dental
opticians/glasses/contact lenses
emergencies
pension
leisure activities
newspapers/magazines

Back_on_budget

Hi all,

Just thought I would check in and update how we are doing. Helped by Lloyds refunding the interest they charged on our loan since we started our DMP, this month we have dropped under the £30k point.

Good luck to all those just starting out on their DMP journey. It does get easier, and once everything has settled down, it feels great to be back in control.

Puzzcat

Samjangi wrote: »

Update from me. New bank account sorted. Almost all DDs switched over. Stepchange payment comes out on 1st November. Waiting to start hearing from creditors. We feel so much better already and there is definitely less stress between us. 6 out of 9 of our credit accounts are with Santander!! So it will be interesting to see what happens there as far as interest goes.
The support and encouragement on here is great. I just wish we had done this sooner instead of struggling on for so long.

Hi Samjangi,

We are starting our journey at the same time, with the same amount of creditors. I only have 3 accounts with the same creditor but this makes up 33% of my total debt..(which is huge....). Will be keeping my fingers crossed that all goes to plan. Hope your journey goes well.

Love Puzz. x

Samjangi

Puzzcat wrote: »

Hi Samjangi,

We are starting our journey at the same time, with the same amount of creditors. I only have 3 accounts with the same creditor but this makes up 33% of my total debt..(which is huge....). Will be keeping my fingers crossed that all goes to plan. Hope your journey goes well.

Love Puzz. x

Hi Puzz
Thanks it will be good to have a DMP buddy/twin. Our debt is huge- £43K:eek: I do feel like we have sold our soul to Santander!!

Hopelessly_Hopeful

Back_on_budget wrote: »

Hi all,

Just thought I would check in and update how we are doing. Helped by Lloyds refunding the interest they charged on our loan since we started our DMP, this month we have dropped under the £30k point.

Good luck to all those just starting out on their DMP journey. It does get easier, and once everything has settled down, it feels great to be back in control.

Brilliant news and almost 1/5 of the way there too.

HHx

bertman

Hey all,

Think we may have dropped a big one today. OH had a letter from Ford who we have a car on finance with, its basically a Ford options package, we have a further 1.5 years to go with this but they wrote to us and said to call in as they mat have good news. We went in and they told us they could re-do the package and our monthly payment would go down by £18. We were caught up in the whole thing and agreed to this, but as we were about to drive off we realised what we were doing - refinancing the whole debt for a longer term - I don't know why we thought it would be any different. We went back in and told the guy we were on a DMP and it wouldn't be worth doing this anyway, he told us that the forms had already been submitted to the Ford finance company....
Anyway we got a call about 10 minutes later to say we had been rejected. No real bother to us, but now I am worrying that our creditors may think we have been trying to get further credit.
We were honestly just baffled with the whole offer and the thought of saving £18 a month. I can't believe after all we have gone through we would be so stupid!!!
I just hope that this stays hidden from all our creditors and SC....

Puzzcat

Samjangi wrote: »

Hi Puzz
Thanks it will be good to have a DMP buddy/twin. Our debt is huge- £43K:eek: I do feel like we have sold our soul to Santander!!

Hi Sam, I like the idea of a twin...we can be the newbie HH and TTFTM,
although it may take some time to get as knowledgeable as them !!

And 43k is where I hope to be in a few years time.... Mine is ........£59k..... Will be over £60k by the time the dmp kicks in.... so I shall be here for awhile !!!!!!

Good luck and keep posting.....:D

Samjangi

Puzz- from what I have been reading those are big shoes to fill

I am here for the long haul.:o