DMP & Mutual Support Thread - Part 9

Coinmachine

Thanks Puzzy, hopefully it will get back on track...

blisteringblue

Grrrrrrr, Barclaycard statement in, showing 6.9% interest. So much for telling me they are agreeing to the payment plan. No mention of 6.9% in any of their correspondence. I had read they do this though.

Anybody had any success getting it to 0% or is this the one you just have to put up with?

Puzzcat

blisteringblue wrote: »

Grrrrrrr, Barclaycard statement in, showing 6.9% interest. So much for telling me they are agreeing to the payment plan. No mention of 6.9% in any of their correspondence. I had read they do this though.

Anybody had any success getting it to 0% or is this the one you just have to put up with?

Hi bb, I have read on hear before that it is to do with the size of dmp payment v the original minimum payment and they have set interest % based on that. My debt to them is £3k ish and I pay £29 a month and at the moment am not charged interest. My minimum before was about £60 a month. No harm in writing and asking....

blisteringblue

Puzzcat wrote: »

Hi bb, I have read on hear before that it is to do with the size of dmp payment v the original minimum payment and they have set interest % based on that. My debt to them is £3k ish and I pay £29 a month and at the moment am not charged interest. My minimum before was about £60 a month. No harm in writing and asking....

Ours are around 75% of the old minimums so I guess we fall into the higher bracket. Will start badgering them with letters though just in case it makes a difference.

sickasachip13

Hi,
I hassled Barclays and B'card over the interest issues and was pretty successful. I got three down to 0% and the other two on very low interest, nominal (about 1% iirc). Well worth bothering them!
SAAC

Growurown

Evening everyone. I was looking on MSE's supermarket savings page where it shows the times that supermarkets reduce stuff near its sell by date. I noticed the supermarket I pass on my way home from work reduces its prices at about the same time. So I thought this was worth investigating, and have just enjoyed a liver and bacon casserole where the liver (I got two packs) cost just 9p per pack, and there's plenty left over for tomorrow.

I find the food budget hard to stick to on the DMP because a) OH refuses to downshift to bargain brands, and b) we spend quite a lot on pet food having several dogs and cats. So it's nice to get a bargain:D

http://www.moneysavingexpert.com/shopping/cheap-supermarket-shopping

Puzzcat

Growurown wrote: »

Evening everyone. I was looking on MSE's supermarket savings page where it shows the times that supermarkets reduce stuff near its sell by date. I noticed the supermarket I pass on my way home from work reduces its prices at about the same time. So I thought this was worth investigating, and have just enjoyed a liver and bacon casserole where the liver (I got two packs) cost just 9p per pack, and there's plenty left over for tomorrow.

I find the food budget hard to stick to on the DMP because a) OH refuses to downshift to bargain brands, and b) we spend quite a lot on pet food having several dogs and cats. So it's nice to get a bargain:D

http://www.moneysavingexpert.com/shopping/cheap-supermarket-shopping

I buy all my meat yellow stickered, I usually shop lunchtime or between 4 and 5, I don't get 9p bargains but rarely pay more than 50% of the marked price..I then meal plan for the weeks ahead with what I have bought.

Growurown

Puzzcat wrote: »

I buy all my meat yellow stickered, I usually shop lunchtime or between 4 and 5, I don't get 9p bargains but rarely pay more than 50% of the marked price..I then meal plan for the weeks ahead with what I have bought.

Yes I think planning is the key, something I am not very good at really:( We do a lot of cooking and we aren't phased by any foods, if it is reduced I'll buy it knowing that we will be able to make something out of it. We're not fussy eaters which is probably why the liver was so cheap, it's not everybody's cup of tea!

Time_to_face_the_music

My daughter goes to her local As** at around 3.45pm on a Sunday and has been known to fill a whole tray in her freezer for less than £2.

We love liver! Great link GUO :T

Hope everyone is doing well and enjoying a bit of sunshine?

Messing around with the spreadsheet here and revising targets, am now hoping to hit below £24,000 and 71% paid off by the end of the month. Watch this space ..... :j

Woodypuddy

Hi, I was wondering if anyone had any experience of this. We have enough equity in our house to pay off my DMP which is 55k. I haven't been on the DMP long but it has given us to some much needed thinking and breathing space. We are considering moving to a cheaper house and releasing the equity to pay off the DMP - my DMP is due to last 14 years so we are looking for a clean slate start. We could pay off the mortgage when we sell but I am assuming we will find it very hard to get another mortgage on a new property so I was thinking that porting with our existing lender might be the answer? We wouldn't want to borrow any more and may also be able to slightly reduce it depending on what property we buy. Will the DMP also mean we will struggle to port? Has anyone managed to before? Thank you