DMP & Mutual Support Thread - Part 9 11 January 2012 at 8:53AM edited 9 February 2013 at 12:29PM in Debt-Free Wannabe 5.4K replies 414.7K views

jubilee14

Hi Patator i would think Hfx linked to Lloyds would risk the off setting. when i was setting up my DMP SC were pretty useful in this area telling me which financial institutions were not linked to my debts. they also held off notifing some of the creditors until my new bank account was set up. might be worth a chat with your DMP provider.

Hi Ronneismummy i hope your feeling a bit better soon sometimes things that wouldnt bother you ( like my kids messy rooms) can all of a sudden become overwhelming issues. Dont think the lack of enough sunlight helps us all either. Roll on spring or at least Tuesday

Mossop01

Hi patator, i have set up a co op cashminder account and although they needed quite a bit of ID it was fairly straightforward, took about a week to get processed tho. Hope u get it sorted soon.

Hi ronniesmummy,
I know how hard it can be getting things put in order with a "helpful" 2 yr old in the house, i too have considered going GP to get put back on happypills but im really trying to cope without, so i understand how somedays things can be just overwhelming!
Good luck tho ur not alone!

Julie67

Hi Patator,

I'm in the process of opening a cash minder account with the co op. we already have a joint standard co op account but want another basic account to help with budgeting. I rang them on Friday and they said not able to open this account over the phone or on line, you have to do it by post, so just waiting for the forms to come through.

Ronniesmum, I know how it feels like everything's getting on top of you, especially when coping with little ones. My four are more or less grown up but I do remember how hard it was. As Mossop said your not alone. Hope you feel better soon.

beckylewis1983

Hi

Just a quick question. My partner has just sent all his paperwork back and wrote to his creditors about starting on a DMP with Stepchange. We havent heard anything back yet from Stepchange but we were wondering when does he need to cancel his direct debits to his creditors? He has a bank account with Halifax with an overdraft of £1700 and he also has a personal loan with them, both of which are going on his dmp.
Any help would be muchly appreciated
Thanks
Becky

Hopelessly_Hopeful

For those of you waiting communications from SC have you tried to use the online DMP login? If you press 'forgot password' it will ask you for security details. Once it confirms who you are you will be able to get in and see it.

We all have good days and bad days too. I had some dark days at the start but they were nothing compared to the stress prior to DMP. If you can be specific about what is getting you down others can offer more targetted advice that may be helpful. When I have felt down I have found it helpful to work on the spreadsheet, clean cupboards, do more detailed budget plans and think about what life will look like post DMP.

Hope that helps.

patator

Just an add, too - I've found a dual purpose tactic to deal with feeling down; I have a major clear out. I feel better because the house is more organised, and more often than not I find something I can stick on eBay while I'm at it

Just wanted to say - I've lurked for a long time, but only recently became a member...and this is one of the most supportive and friendly threads I've come across on MSE. Thanks to all of you lovely bods for that! :T

cocoloco

I have been lurking here for a while and spent the last 3 days to read through tread 8 to gain some insight of what to expect with DMP. Your knowledge and advice is priceless!

Here is my story- after skimming by the last few years to try to keep on top of servcing our debts I finally had enough!!! With no end to sight we considered everything- including running away (!!!) from our debts because simply saw no other alternatives- 60% of our wages went to pay just a minimum payment with some CC taking 90% of payment for interest only.
We are not young- I'm 37 and my OH is 42 and we both have decent jobs. We got ourself into this mess by when we started out as newlyweds with a baby- we didn't have a penny to our names and once the debts started it's just snowballed- also didn't help that we were young and unexperienced- if I knew what I know now!!! But enough of the excuses.

After reading through the forums finally a LBM occured- we have to try a DMP to sort out this mess and be able to have some quality of life! I have contacted a NI branch of Payplan and will have a meeting with the advisor on next Monday- Im really excited and feeing sick at the same time! I thought that we have approx £35000 debt- only to figure out that if I add up everything we have closer to £48000 :eek:. I have walked around with a bewildered look all weekend and still haven't been able tell my husband this figure- he may have a heart attack.- I know I'm close to one.:(

Thank you for your great insights and advices I feel strong enough to be honest with the advisor and I have started the process to open a separate new current account with Natwest (we have no debt with BOS). I have put my paperwork in order but dreding to contact all our 'perditors' with the initial letter and a token payment- I think £1 is enough token after taking ££££ in interets from us.

I have one question - did anybody dealt with Sygma Bank (Creations cc, Fly be CC etc)? Are they hard to deal with?

We have debt with pleanty of companies- Barclay, MBNM, Argos, Sainbury's, Brittania, Bank of Ireland, Halifax, Shop card, Asda, Capital One, First Direct and Sygma (I think this is a complete list?!?).

Again, thank you all for your advice and experince it is what helped me through to start this process.

Freshstart2012

cocoloco wrote: »

I have been lurking here for a while and spent the last 3 days to read through tread 8 to gain some insight of what to expect with DMP. Your knowledge and advice is priceless!

Here is my story- after skimming by the last few years to try to keep on top of servcing our debts I finally had enough!!! With no end to sight we considered everything- including running away (!!!) from our debts because simply saw no other alternatives- 60% of our wages went to pay just a minimum payment with some CC taking 90% of payment for interest only.
We are not young- I'm 37 and my OH is 42 and we both have decent jobs. We got ourself into this mess by when we started out as newlyweds with a baby- we didn't have a penny to our names and once the debts started it's just snowballed- also didn't help that we were young and unexperienced- if I knew what I know now!!! But enough of the excuses.

After reading through the forums finally a LBM occured- we have to try a DMP to sort out this mess and be able to have some quality of life! I have contacted a NI branch of Payplan and will have a meeting with the advisor on next Monday- Im really excited and feeing sick at the same time! I thought that we have approx £35000 debt- only to figure out that if I add up everything we have closer to £48000 :eek:. I have walked around with a bewildered look all weekend and still haven't been able tell my husband this figure- he may have a heart attack.- I know I'm close to one.:(

Thank you for your great insights and advices I feel strong enough to be honest with the advisor and I have started the process to open a separate new current account with Natwest (we have no debt with BOS). I have put my paperwork in order but dreding to contact all our 'perditors' with the initial letter and a token payment- I think £1 is enough token after taking ££££ in interets from us.

I have one question - did anybody dealt with Sygma Bank (Creations cc, Fly be CC etc)? Are they hard to deal with?

We have debt with pleanty of companies- Barclay, MBNM, Argos, Sainbury's, Brittania, Bank of Ireland, Halifax, Shop card, Asda, Capital One, First Direct and Sygma (I think this is a complete list?!?).

Again, thank you all for your advice and experince it is what helped me through to start this process.

Hi

I found Sygma Bank no more difficult than any other creditor, they accepted my DMP instantly for a 12 month period and have continued to do so for the past couple of years. Welcome to the forum and good luck with your DMP.

cocoloco

!!!!!!!!!!2012 wrote: »

Hi

I found Sygma Bank no more difficult than any other creditor, they accepted my DMP instantly for a 12 month period and have continued to do so for the past couple of years. Welcome to the forum and good luck with your DMP.

Thank you , I wasn't sure about Sygma because nobody mentioned them.

Mossop01

cocoloco wrote: »

I have been lurking here for a while and spent the last 3 days to read through tread 8 to gain some insight of what to expect with DMP. Your knowledge and advice is priceless!

Here is my story- after skimming by the last few years to try to keep on top of servcing our debts I finally had enough!!! With no end to sight we considered everything- including running away (!!!) from our debts because simply saw no other alternatives- 60% of our wages went to pay just a minimum payment with some CC taking 90% of payment for interest only.
We are not young- I'm 37 and my OH is 42 and we both have decent jobs. We got ourself into this mess by when we started out as newlyweds with a baby- we didn't have a penny to our names and once the debts started it's just snowballed- also didn't help that we were young and unexperienced- if I knew what I know now!!! But enough of the excuses.

After reading through the forums finally a LBM occured- we have to try a DMP to sort out this mess and be able to have some quality of life! I have contacted a NI branch of Payplan and will have a meeting with the advisor on next Monday- Im really excited and feeing sick at the same time! I thought that we have approx £35000 debt- only to figure out that if I add up everything we have closer to £48000 :eek:. I have walked around with a bewildered look all weekend and still haven't been able tell my husband this figure- he may have a heart attack.- I know I'm close to one.:(

Thank you for your great insights and advices I feel strong enough to be honest with the advisor and I have started the process to open a separate new current account with Natwest (we have no debt with BOS). I have put my paperwork in order but dreding to contact all our 'perditors' with the initial letter and a token payment- I think £1 is enough token after taking ££££ in interets from us.

I have one question - did anybody dealt with Sygma Bank (Creations cc, Fly be CC etc)? Are they hard to deal with?

We have debt with pleanty of companies- Barclay, MBNM, Argos, Sainbury's, Brittania, Bank of Ireland, Halifax, Shop card, Asda, Capital One, First Direct and Sygma (I think this is a complete list?!?).

Again, thank you all for your advice and experince it is what helped me through to start this process.

Hi coco, it certainly is a scary but exhilarating time, but one thing i kept remembering was that things can only get better! Good luck with everything!