DMP & Mutual Support Thread - Part 9

Puzzcat

vix1977 wrote: »

Hi all,


I am shortly to be setting up a DMP with Stepchange. just trying to change banks first before sending my paperwork back. I was just wondering should I contact my creditors (or let Stepchange deal with it) as up until now we have managed the minimum payments but I don't think I can do that anymore! What would you recommend as a token payment and do I just pay the token payment as normal i.e. when I would normally pay them the minimum payment? Also does anybody have a template letter explaining that I am entering into a DMP? I'm not that confident at writing letters so don't feel I can create one myself!!
Thanks in advance!

Hi vix, I did reply on your other thread today, the template for the letter is on page 115.

vix1977

Puzzcat wrote: »

Hi vix, I did reply on your other thread today, the template for the letter is on page 115.

Hi Puzzcat


Thanks but that seems to be if they are already aware of the DMP which at present they are not. I was wondering if there was an alternative one which I could use??


Vix

Puzzcat

vix1977 wrote: »

Hi Puzzcat


Thanks but that seems to be if they are already aware of the DMP which at present they are not. I was wondering if there was an alternative one which I could use??


Vix

Hi vix, yep that is not the right one! I did post the letters I sent on my diary but that was quite a long time ago now. I will have a hunt and in the meantime one of the oldies, meant in the nicest way will probably pop up!!

vix1977

Puzzcat wrote: »

Hi vix, yep that is not the right one! I did post the letters I sent on my diary but that was quite a long time ago now. I will have a hunt and in the meantime one of the oldies, meant in the nicest way will probably pop up!!

Thanks Puzzcat, I am meant to be working but keep ending up reading things on here! I am sure the boss will understand if they find out why I am not working :rotfl:.
I appreciate all the help!

Puzzcat

vix1977 wrote: »

Thanks Puzzcat, I am meant to be working but keep ending up reading things on here! I am sure the boss will understand if they find out why I am not working :rotfl:.
I appreciate all the help!

How's about this..


First Letter I sent to all..


Your address



Account details


Date


Dear Sir/Madam


I am writing to inform you that I am currently seeking advice and assistance regarding my current financial difficulties.

I am working with StepChange to set up a Debt Management Plan (DMP) – my reference number is *******. They will send you an offer of payment along with a copy of my budget and list of creditors.


I am unable to meet my normal monthly payments, would you please accept a token payment of £1 per month until StepChange contact you with my DMP details. I would appreciate if you could hold any action on the above account until this time.


I would ask that you please consider stopping or reducing interest and any other charges on my account to help me during my financial difficulties and to avoid increasing my debts any further.



I would please note all future communication should be in writing only.


I thank you in anticipation of your assistance and co-operation whilst I am going through this difficult time, and assure you thatI am doing everything I can to resolve my current financial situation in a responsible and sustainable manner.

Yours faithfully

vix1977

thanks Puzzcat, that's perfect!! will get the new bank account opened and then start sending letters. How did you pay them the token payment??

vix1977

Has anyone ever thought of setting up a thread just for template letters could be really handy for everyone!! :j

Puzzcat

vix1977 wrote: »

thanks Puzzcat, that's perfect!! will get the new bank account opened and then start sending letters. How did you pay them the token payment??

I sent cheques from my new basic bank account, others have sent postal orders or done payments online. I believe there is a lot of templates available on nedcab.
Puzz

jubilee14

Growurown wrote: »

:wave: Hello there DMPers. I know we all like ticking off those milestones! Here are my milestones for April: - one more creditor paid in full, my total amount owing just scraping in under the £20,000 mark and owing every creditor less than £3,000 now. Still a way to go but getting there steadily!

well done GUO thats a great milestone to celebrate:beer:

Puzzcat

Growurown wrote: »

:wave: Hello there DMPers. I know we all like ticking off those milestones! Here are my milestones for April: - one more creditor paid in full, my total amount owing just scraping in under the £20,000 mark and owing every creditor less than £3,000 now. Still a way to go but getting there steadily!

:T Well done you, little bit envious over here, your very inspiring to us newbies..
Puzz