DMP & Mutual Support Thread - Part 9

Hopelessly_Hopeful

I don't think I will ever tire of getting up to pay bills and update the signature on pay day


HHx

Time_to_face_the_music

Hopelessly_Hopeful wrote: »

I don't think I will ever tire of getting up to pay bills and update the signature on pay day


HHx

Am loving the countdown in days! :j

Time_to_face_the_music

Murphy2011 wrote: »

Just a quick update, had a day off today and as I have just had my 1 year review with SC I thought I would be brave and call of my creditors to find out whether they were charging interest/default dates etc. Gr8 news, all defaulted, most from only a month or so after I started DMP & no charges or interest being taken!!! The ones that defaulted a bit later have all agreed to send copy statements etc so I can check for anything that I might be able to get refunded (I had online for everything so been a bit blind until today!) I even had a nice chat with a couple of them about how their starting point for full & finals would be about 60% of the outstanding debt so that might give people some hope as well! All in all a good day, I feel more in control, everyone was really helpful and I have a new and revised Debt Free Date of 1st December 2020! Long time away but do-able!!! Hope everyone else is good and keep chins up!

Great news on the defaults and that signature is looking fantastic! Can't wait to see the next update :j

dawnofwar

Thanks Sazzie23 for your comments.

Spoken to Payplan as my husband has now received 3 more letters from Barclays (sent after his 30 day hold conversation), including one that says we havent heard from the 3rd party you advised us about....(barclays phoned friday 22nd, letters dated monday 25th).

According to Payplan, Barclays have accepted our agreements and they are going to ask for them to send confirmation through to us (this is what they said the first time to but then said they hadnt) so i guess we wait and see what comes in the post.

Thanks for the help.

alyxzandra

Will be a year on my DMP with Stepchange in January. All is going smoothly. In Jan and Feb I will be able to save up £220 from not paying council tax. I can pay off 2 very small debts and was told they would accept 80% as full and final settlement. This will free up an extra £10 per month. :j And leave me with £110 to put towards the car tax that will be due in April. Next year I should be able to save enough along with 2 months of not paying council tax to offer F+F settlements on 3 accounts as I will have another friend paid off in August! DFD is in 2019, but trying hard to cut it to the end of 2017 or early 2018. Not bad going considering just paid off someone in October.

The DMP is not the easiest, but has been the best way to tackle our debt. My husband will not breathe a sigh of relief until we are out of it. And I am so happy to see the numbers go down. For anyone considering a DMP and feeling like you are drowning, trust me it is the best way to go forwards if you can. It is about taking control rather than the debts controlling you. To the people starting out, this time next year you will see how it gets easier with the passage of time. Best of luck to everyone. I do not post much, but always follow this thread.

Mr_Mink

crystal_pixie wrote: »

Hi all - I have what seems like a daft question but it is troubling me so I thought I might get some opinions.

I have been on a DMP for 2 years now which is going really well. I have paid over £20k off a huge £60k debt.

At the time Step change told me to go to another bank to have my wages paid in which I did. I have a standard current account with Lloyds with no overdraft and just a debit card. There have been no issues with this account and I have never had any bounced DDs or anything like that.

My question is this - my debit card is due to be renewed in January and when I went in to pay in a cheque I was told that my account will be "reviewed". Obviously I my credit score will be terrible and I am worried they will close my account even though I have done nothing wrong.

Should I try and set up an account with Natwest or someone like that just in case? I would be stuffed if they closed my account as I have my wages paid into it.

"Reviewed" is Lloyds speak for "We want to sit you in a room and try and sell you financial products you don't actually need or want but we'll try and convince you to get them anyway". I wouldn't worry too much, last time they called me to "arrange a review" I told them I wouldn't be attending one until they opened whilst I wasn't at work.

Thamesmeadhammer

Two payments in and despite a few teething issues everything is going well. Managing to finally sort a few things out and hopefully the New Year will enable us to plan ahead for the first time in a long time!
And yesterday Barclaycard sent me a letter saying that the mis sold PPI they paid me last year was miscalculated and they owe me another £215!Just in time for Christmas.

Just one to throw into the pot, One of the London radio stations (LBC) run a talk in about debt and the people who give the advice seem to me to keep pushing people into IVA's as a DMP is not legally binding.

Hopelessly_Hopeful

Thamesmeadhammer wrote: »

Two payments in and despite a few teething issues everything is going well. Managing to finally sort a few things out and hopefully the New Year will enable us to plan ahead for the first time in a long time!
And yesterday Barclaycard sent me a letter saying that the mis sold PPI they paid me last year was miscalculated and they owe me another £215!Just in time for Christmas.

Just one to throw into the pot, One of the London radio stations (LBC) run a talk in about debt and the people who give the advice seem to me to keep pushing people into IVA's as a DMP is not legally binding.

Good news then TH. Pleased you have some extra dosh


It's crazy that DMPs are not formal isn't it given that it's the method that usually pays back 100% and with interest where as bankruptcy and IVAs rarely do! Talk about kicking people when they are down.


Hope everyone is enjoying their weekend. Can start the countdown for Santa from tomorrow. This years Xmas bonus is that we all get to see our balance coming DOWN


HHx

NaughtySpot

Thamesmeadhammer wrote: »

Two payments in and despite a few teething issues everything is going well. Managing to finally sort a few things out and hopefully the New Year will enable us to plan ahead for the first time in a long time!
And yesterday Barclaycard sent me a letter saying that the mis sold PPI they paid me last year was miscalculated and they owe me another £215!Just in time for Christmas.

Just one to throw into the pot, One of the London radio stations (LBC) run a talk in about debt and the people who give the advice seem to me to keep pushing people into IVA's as a DMP is not legally binding.

I wonder if they are pushing IVAs as they incur management fees for the people running them? Me, cynical?!? :rotfl:

bertman

We are on a fixed rate mortgae until March next year with Halifax, just checking their website and found that they are offering new fixed rates for 2 years at about 1% less than we are currently paying, they are also offering a deal to change within 3 months of the existing one finishing. We last changed to a fixed rate just as we started the DMP so I don't know how we will be treated this time, is it best to go blindly in and ask what deal we can get or do we start the conversation by saying we are on a DMP and what can they do - my guess is that they would not give us the best rate - has anyone got any experience in moving fixed rates around? We are and have always been 100% up to date on our mortgage.